Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.63B |
| 2 |
Apple
AAPL
|
+$1.62B |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.18B |
| 4 |
Amazon
AMZN
|
+$978M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$769M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$509M |
| 2 |
Chevron
CVX
|
+$405M |
| 3 |
T-Mobile US
TMUS
|
+$339M |
| 4 |
lululemon athletica
LULU
|
+$302M |
| 5 |
ACC
American Campus Communities, Inc.
ACC
|
+$301M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.69% |
| 2 | Financials | 14.38% |
| 3 | Healthcare | 14.2% |
| 4 | Consumer Discretionary | 10.56% |
| 5 | Communication Services | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1251
PagerDuty
PD
$816M
| $19.6M | 0.01% |
790,066
+403,947
| +105% | +$11.1M |
|
1252
J&J Snack Foods
JJSF
$1.43B
| $19.6M | 0.01% |
140,113
+12,448
| +10% | +$1.71M |
|
|
WIRE
1253
DELISTED
Encore Wire Corp
WIRE
| $19.5M | 0.01% |
187,891
-16,830
| -8% | -$1.99M |
|
1254
Minerals Technologies
MTX
$2.36B
| $19.5M | 0.01% |
317,775
-16,378
| -5% | -$1.05M |
|
1255
Signet Jewelers
SIG
$3.61B
| $19.5M | 0.01% |
364,347
-82,973
| -19% | -$5.41M |
|
1256
Viasat
VSAT
$10.6B
| $19.5M | 0.01% |
634,999
-54,793
| -8% | -$2.12M |
|
1257
WaFd
WAFD
$2.72B
| $19.4M | 0.01% |
647,109
-338,711
| -34% | -$10.6M |
|
1258
Verra Mobility
VRRM
$804M
| $19.4M | 0.01% |
1,233,124
-150,770
| -11% | -$2.29M |
|
1259
EnerSys
ENS
$6.78B
| $19.3M | 0.01% |
327,869
+889
| +0.3% | +$58.6K |
|
1260
Banner Corp
BANR
$2.39B
| $19.3M | 0.01% |
342,657
-21,944
| -6% | -$1.23M |
|
|
NEWR
1261
DELISTED
New Relic, Inc.
NEWR
| $19.2M | 0.01% |
383,316
-71,423
| -16% | -$3.96M |
|
|
ODP
1262
DELISTED
ODP
ODP
| $19.2M | 0.01% |
634,009
+33,963
| +6% | +$1.37M |
|
|
HYZN
1263
DELISTED
Hyzon Motors Inc. Class A Common Stock
HYZN
| $19.1M | ﹤0.01% |
130,000
+11,413
| +10% | +$2.42M |
|
|
TPH
1264
DELISTED
Tri Pointe Homes
TPH
| $19.1M | ﹤0.01% |
1,130,952
+36,188
| +3% | +$710K |
|
1265
Alpha Metallurgical Resources
AMR
$1.74B
| $19.1M | ﹤0.01% |
+147,600
| New | +$22.3M |
|
1266
Delek US
DK
$4.16B
| $19M | ﹤0.01% |
736,404
+283,085
| +62% | +$7.64M |
|
1267
BancFirst
BANF
$3.79B
| $18.9M | ﹤0.01% |
197,974
+32,636
| +20% | +$2.85M |
|
|
AAT
1268
American Assets Trust
AAT
$1.45B
| $18.9M | ﹤0.01% |
636,364
+150,179
| +31% | +$5.03M |
|
1269
Sonos
SONO
$1.73B
| $18.9M | ﹤0.01% |
1,045,375
-212,533
| -17% | -$4.77M |
|
1270
Tencent Music
TME
$15.5B
| $18.8M | ﹤0.01% |
3,741,731
| – | – |
|
1271
Leslie's
LESL
$8.9M
| $18.8M | ﹤0.01% |
61,862
-11,219
| -15% | -$4.19M |
|
1272
Axos Financial
AX
$5.77B
| $18.8M | ﹤0.01% |
523,559
+15,748
| +3% | +$605K |
|
1273
Yelp
YELP
$1.45B
| $18.8M | ﹤0.01% |
675,684
-80,144
| -11% | -$2.49M |
|
1274
Progress Software
PRGS
$1.66B
| $18.7M | ﹤0.01% |
413,331
-46,892
| -10% | -$2.23M |
|
1275
Grocery Outlet
GO
$909M
| $18.7M | ﹤0.01% |
439,206
-143,245
| -25% | -$5.23M |
|
Similar funds
Norges Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Norges Bank held 2,232 positions worth $387B, down 16% from $459B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q2 2022 filing shows 70 new, 787 increased, 1,058 reduced and 180 closed positions. Its largest new stake was Bausch + Lomb: 3,234,219 shares worth $49.3M. The largest sale was AT&T, an estimated $509M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q2 2022 buy was Bausch + Lomb: 3,234,219 shares worth $49.3M.
- Norges Bank added most to Microsoft in Q2 2022, an estimated $1.63B increase.
- Norges Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $509M.
- Norges Bank fully exited Cerner Corp in Q2 2022, selling an estimated $279M.
- Norges Bank's ten largest holdings make up 23% of its $387B portfolio in Q2 2022.
- Norges Bank opened 70 new positions and closed 180 in Q2 2022.
- Norges Bank's portfolio value fell 16% quarter-over-quarter to $387B.
Based on Norges Bank's 13F filing for Q2 2022, filed 11 Aug 2022.