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 | |
|---|---|---|---|---|---|---|
1276
Brink's
BCO
$4.63B
| $17.4M | ﹤0.01% |
358,749
+126,017
| +54% | +$7.02M |
|
1277
National Vision
EYE
$1.82B
| $17.4M | ﹤0.01% |
531,849
| – | – |
|
1278
Cracker Barrel
CBRL
$1.29B
| $17.3M | ﹤0.01% |
187,353
-12,600
| -6% | -$1.27M |
|
1279
Itron
ITRI
$4.54B
| $17.3M | ﹤0.01% |
411,573
+8,730
| +2% | +$435K |
|
1280
Genworth Financial
GNW
$3.75B
| $17.3M | ﹤0.01% |
4,947,053
-14,614
| -0.3% | -$59K |
|
|
OSH
1281
DELISTED
Oak Street Health, Inc.
OSH
| $17.2M | ﹤0.01% |
703,260
-91,673
| -12% | -$2.42M |
|
1282
Box
BOX
$4.37B
| $17.2M | ﹤0.01% |
705,856
+351,162
| +99% | +$9.66M |
|
1283
Ziff Davis
ZD
$1.89B
| $17.2M | ﹤0.01% |
251,125
-22,225
| -8% | -$1.75M |
|
1284
Terex
TEX
$7.52B
| $17.2M | ﹤0.01% |
577,312
-8,200
| -1% | -$268K |
|
1285
Steven Madden
SHOO
$3.55B
| $17.1M | ﹤0.01% |
642,981
-60,129
| -9% | -$1.89M |
|
|
DAY
1286
DELISTED
Dayforce
DAY
| $17.1M | ﹤0.01% |
306,317
+143,604
| +88% | +$8.38M |
|
1287
RingCentral
RNG
$5.13B
| $17.1M | ﹤0.01% |
427,871
+103,409
| +32% | +$4.96M |
|
1288
Granite Construction
GVA
$5.39B
| $17M | ﹤0.01% |
671,374
+241,700
| +56% | +$7.13M |
|
1289
Boise Cascade
BCC
$2.94B
| $17M | ﹤0.01% |
286,243
+46,000
| +19% | +$2.96M |
|
1290
Kyndryl
KD
$3.15B
| $17M | ﹤0.01% |
2,053,109
-48,091
| -2% | -$500K |
|
1291
QuantumScape Corp
QS
$3.43B
| $16.9M | ﹤0.01% |
2,011,304
+90,043
| +5% | +$966K |
|
1292
KB Home
KBH
$3.49B
| $16.8M | ﹤0.01% |
649,435
+163,089
| +34% | +$4.9M |
|
|
ARNC
1293
DELISTED
Arconic Corporation
ARNC
| $16.8M | ﹤0.01% |
987,706
+79,500
| +9% | +$2.06M |
|
1294
Innospec
IOSP
$2.3B
| $16.8M | ﹤0.01% |
196,396
-21,131
| -10% | -$2M |
|
|
VSXY
1295
Victoria's Secret
VSXY
$7.46B
| $16.8M | ﹤0.01% |
576,914
+142,687
| +33% | +$4.81M |
|
|
AAT
1296
American Assets Trust
AAT
$1.39B
| $16.8M | ﹤0.01% |
651,964
+15,600
| +2% | +$447K |
|
1297
Global E Online
GLBE
$6.82B
| $16.8M | ﹤0.01% |
+626,618
| New | +$17.8M |
|
1298
Trustmark
TRMK
$2.81B
| $16.7M | ﹤0.01% |
545,980
| – | – |
|
1299
Excelerate Energy
EE
$1.23B
| $16.7M | ﹤0.01% |
714,286
| – | – |
|
1300
InMode
INMD
$869M
| $16.7M | ﹤0.01% |
573,891
+14,889
| +3% | +$462K |
|
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.