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 | |
|---|---|---|---|---|---|---|
1301
AppFolio
APPF
$6.86B
| $16.7M | ﹤0.01% |
159,425
-24,359
| -13% | -$2.48M |
|
|
HTLF
1302
DELISTED
Heartland Financial USA, Inc.
HTLF
| $16.7M | ﹤0.01% |
384,146
+12,916
| +3% | +$573K |
|
|
DOOR
1303
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $16.6M | ﹤0.01% |
233,329
-6,246
| -3% | -$519K |
|
1304
Schneider National
SNDR
$6.32B
| $16.6M | ﹤0.01% |
818,631
+318,392
| +64% | +$7.39M |
|
1305
Progress Software
PRGS
$1.71B
| $16.6M | ﹤0.01% |
390,031
-23,300
| -6% | -$1.08M |
|
1306
ICU Medical
ICUI
$4.14B
| $16.5M | ﹤0.01% |
109,444
-84,381
| -44% | -$14M |
|
1307
Tencent Music
TME
$15.7B
| $16.5M | ﹤0.01% |
4,056,857
+315,126
| +8% | +$1.43M |
|
|
B
1308
DELISTED
Barnes Group Inc.
B
| $16.5M | ﹤0.01% |
570,304
+95,100
| +20% | +$3.05M |
|
1309
BILL Holdings
BILL
$4.7B
| $16.4M | ﹤0.01% |
124,103
-127,536
| -51% | -$18.3M |
|
1310
Aaon
AAON
$7.6B
| $16.3M | ﹤0.01% |
454,718
+11,082
| +2% | +$427K |
|
1311
Sonos
SONO
$1.81B
| $16.3M | ﹤0.01% |
1,171,502
+126,127
| +12% | +$2.24M |
|
1312
Minerals Technologies
MTX
$2.38B
| $16.3M | ﹤0.01% |
329,405
+11,630
| +4% | +$707K |
|
1313
Twist Bioscience
TWST
$7.08B
| $16.3M | ﹤0.01% |
461,538
+16,375
| +4% | +$695K |
|
1314
Ubiquiti
UI
$34.7B
| $16.2M | ﹤0.01% |
55,328
+1,667
| +3% | +$492K |
|
1315
Patterson-UTI
PTEN
$3.8B
| $16.2M | ﹤0.01% |
1,389,614
+679,675
| +96% | +$9.71M |
|
1316
O-I Glass
OI
$1.12B
| $16.2M | ﹤0.01% |
1,247,384
-508,351
| -29% | -$6.88M |
|
1317
Amkor Technology
AMKR
$13.8B
| $16.1M | ﹤0.01% |
945,535
+123,595
| +15% | +$2.38M |
|
1318
BellRing Brands
BRBR
$1.41B
| $16.1M | ﹤0.01% |
781,897
+561,138
| +254% | +$13.5M |
|
1319
Semtech
SMTC
$12.3B
| $16.1M | ﹤0.01% |
547,330
-6,990
| -1% | -$328K |
|
1320
Portland General Electric
POR
$5.79B
| $16M | ﹤0.01% |
369,285
-91,759
| -20% | -$4.69M |
|
1321
Acushnet Holdings
GOLF
$5.95B
| $16M | ﹤0.01% |
368,385
| – | – |
|
|
SASR
1322
DELISTED
Sandy Spring Bancorp Inc
SASR
| $16M | ﹤0.01% |
454,142
| – | – |
|
1323
Macerich
MAC
$7.04B
| $16M | ﹤0.01% |
2,016,198
+52,265
| +3% | +$508K |
|
1324
Harmony Biosciences
HRMY
$2.23B
| $16M | ﹤0.01% |
+361,027
| New | +$17.6M |
|
1325
Palomar
PLMR
$3.59B
| $16M | ﹤0.01% |
190,663
+4,592
| +2% | +$337K |
|
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.