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 |
Alphabet (Google) Class A
GOOGL
|
+$1.03B |
| 2 |
Apple
AAPL
|
+$741M |
| 3 |
Microsoft
MSFT
|
+$710M |
| 4 |
Tesla
TSLA
|
+$495M |
| 5 |
Amgen
AMGN
|
+$474M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$915M |
| 2 |
Cigna
CI
|
+$517M |
| 3 |
UBS Group
UBS
|
+$413M |
| 4 |
Morgan Stanley
MS
|
+$300M |
| 5 |
AstraZeneca
AZN
|
+$279M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.58% |
| 2 | Financials | 14.36% |
| 3 | Healthcare | 14.17% |
| 4 | Consumer Discretionary | 11.44% |
| 5 | Communication Services | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CIXX
1251
DELISTED
CI Financial Corp.
CIXX
| $18.2M | ﹤0.01% |
1,896,481
| – | – |
|
1252
J&J Snack Foods
JJSF
$1.72B
| $18.1M | ﹤0.01% |
140,113
| – | – |
|
1253
Hormel Foods
HRL
$13.8B
| $18.1M | ﹤0.01% |
399,198
-198,387
| -33% | -$9.58M |
|
1254
Upstart Holdings
UPST
$2.89B
| $18.1M | ﹤0.01% |
872,204
+62,182
| +8% | +$1.67M |
|
1255
Rush Enterprises Class A
RUSHA
$6.2B
| $18.1M | ﹤0.01% |
618,461
| – | – |
|
1256
GATX Corp
GATX
$6.31B
| $18.1M | ﹤0.01% |
212,362
-33,944
| -14% | -$3.27M |
|
1257
Cactus
WHD
$5.5B
| $18.1M | ﹤0.01% |
469,902
+338,391
| +257% | +$13.6M |
|
1258
TripAdvisor
TRIP
$1.21B
| $18M | ﹤0.01% |
815,726
+19,485
| +2% | +$437K |
|
1259
Bank of Hawaii
BOH
$3.12B
| $17.9M | ﹤0.01% |
235,299
-101,118
| -30% | -$7.95M |
|
1260
OR Royalties Inc
OR
$6.03B
| $17.9M | ﹤0.01% |
1,759,501
+50,136
| +3% | +$502K |
|
1261
NMI Holdings
NMIH
$3.31B
| $17.9M | ﹤0.01% |
878,573
+52,658
| +6% | +$1.05M |
|
|
PRMW
1262
DELISTED
Primo Water Corporation
PRMW
| $17.9M | ﹤0.01% |
1,423,866
-238,205
| -14% | -$3.19M |
|
|
ROIC
1263
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $17.8M | ﹤0.01% |
1,293,694
-153,388
| -11% | -$2.53M |
|
1264
Leslie's
LESL
$14.2M
| $17.8M | ﹤0.01% |
60,507
-1,355
| -2% | -$407K |
|
1265
CS Disco
LAW
$278M
| $17.7M | ﹤0.01% |
1,774,256
| – | – |
|
1266
Nomad Foods
NOMD
$1.65B
| $17.7M | ﹤0.01% |
1,248,024
| – | – |
|
1267
Integer Holdings
ITGR
$4.29B
| $17.7M | ﹤0.01% |
284,708
| – | – |
|
1268
Definitive Healthcare
DH
$72.3M
| $17.7M | ﹤0.01% |
1,139,884
+500,000
| +78% | +$11M |
|
1269
ESCO Technologies
ESE
$8.5B
| $17.7M | ﹤0.01% |
240,954
+7,903
| +3% | +$613K |
|
|
SPWR
1270
DELISTED
SunPower Corporation Common Stock
SPWR
| $17.7M | ﹤0.01% |
767,989
-14,294
| -2% | -$321K |
|
1271
WesBanco
WSBC
$4B
| $17.6M | ﹤0.01% |
528,215
-33,900
| -6% | -$1.15M |
|
|
SKX
1272
DELISTED
Skechers
SKX
| $17.6M | ﹤0.01% |
555,562
-346,880
| -38% | -$13M |
|
1273
First Merchants
FRME
$2.69B
| $17.5M | ﹤0.01% |
452,533
-27,100
| -6% | -$1.08M |
|
|
ESGR
1274
DELISTED
Enstar Group
ESGR
| $17.4M | ﹤0.01% |
102,567
| – | – |
|
1275
Timken Company
TKR
$8.92B
| $17.4M | ﹤0.01% |
294,530
+36,566
| +14% | +$2.27M |
|
Similar funds
Norges Bank's Q3 2022 Portfolio in Review
As of Q3 2022, Norges Bank held 2,179 positions worth $376B, down 2.8% from $387B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Norges Bank's Q3 2022 filing shows 127 new, 1,072 increased, 569 reduced and 90 closed positions. Its largest new stake was Neogen: 14,429,817 shares worth $202M. The largest sale was Alphabet (Google) Class C, an estimated $915M.
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 Q3 2022 buy was Neogen: 14,429,817 shares worth $202M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2022, an estimated $1.03B increase.
- Norges Bank's biggest Q3 2022 reduction was Alphabet (Google) Class C, cutting an estimated $915M.
- Norges Bank fully exited SailPoint Technologies Holdings, Inc. Common Stock in Q3 2022, selling an estimated $93.7M.
- Norges Bank's ten largest holdings make up 24% of its $376B portfolio in Q3 2022.
- Norges Bank opened 127 new positions and closed 90 in Q3 2022.
- Norges Bank's portfolio value fell 2.8% quarter-over-quarter to $376B.
Based on Norges Bank's 13F filing for Q3 2022, filed 14 Nov 2022.