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 | |
|---|---|---|---|---|---|---|
1326
Diamondrock Hospitality Co
DRH
$2.71B
| $16.6M | ﹤0.01% |
2,020,792
-138,109
| -6% | -$1.35M |
|
1327
Ironwood Pharmaceuticals
IRWD
$696M
| $16.6M | ﹤0.01% |
1,437,734
-1,613,987
| -53% | -$19M |
|
1328
QuantumScape Corp
QS
$3.21B
| $16.5M | ﹤0.01% |
1,921,261
-431,895
| -18% | -$5.77M |
|
1329
Corcept Therapeutics
CORT
$12.4B
| $16.5M | ﹤0.01% |
693,825
-86,897
| -11% | -$1.89M |
|
|
CTEV
1330
Claritev Corp
CTEV
$387M
| $16.5M | ﹤0.01% |
75,056
+4,861
| +7% | +$961K |
|
1331
McGrath RentCorp
MGRC
$2.81B
| $16.5M | ﹤0.01% |
216,489
-14,942
| -6% | -$1.22M |
|
1332
Central Garden & Pet Co Class A
CENTA
$2.37B
| $16.5M | ﹤0.01% |
513,968
-37,682
| -7% | -$1.24M |
|
1333
Parsons
PSN
$4.72B
| $16.4M | ﹤0.01% |
406,513
-45,767
| -10% | -$1.75M |
|
1334
MillerKnoll
MLKN
$1.53B
| $16.4M | ﹤0.01% |
623,625
-35,428
| -5% | -$1.07M |
|
1335
Piper Sandler
PIPR
$5.12B
| $16.3M | ﹤0.01% |
574,036
-187,284
| -25% | -$5.66M |
|
|
ELME
1336
Elme Communities
ELME
$143M
| $16.3M | ﹤0.01% |
762,911
+4,146
| +0.5% | +$98.5K |
|
|
NOVA
1337
DELISTED
Sunnova Energy
NOVA
| $16.2M | ﹤0.01% |
879,173
+159,796
| +22% | +$3.06M |
|
1338
Aaon
AAON
$7.3B
| $16.2M | ﹤0.01% |
443,636
+68,099
| +18% | +$2.38M |
|
1339
Provident Financial Services
PFS
$3.22B
| $16.2M | ﹤0.01% |
725,781
-58,031
| -7% | -$1.3M |
|
|
POLY
1340
DELISTED
Plantronics, Inc.
POLY
| $16.1M | ﹤0.01% |
406,829
+47,361
| +13% | +$1.88M |
|
1341
Red Rock Resorts
RRR
$3.77B
| $16.1M | ﹤0.01% |
481,624
-12,280
| -2% | -$491K |
|
1342
Sylvamo
SLVM
$1.49B
| $16M | ﹤0.01% |
490,747
+128,478
| +35% | +$5.39M |
|
1343
Terex
TEX
$7.18B
| $16M | ﹤0.01% |
585,512
-279,216
| -32% | -$9.3M |
|
|
MDC
1344
DELISTED
M.D.C. Holdings, Inc.
MDC
| $16M | ﹤0.01% |
494,296
-43,806
| -8% | -$1.57M |
|
|
JOYY
1345
JOYY Inc
JOYY
$3.71B
| $16M | ﹤0.01% |
534,508
| – | – |
|
1346
Trustmark
TRMK
$2.76B
| $15.9M | ﹤0.01% |
545,980
-42,270
| -7% | -$1.22M |
|
1347
ESCO Technologies
ESE
$8.17B
| $15.9M | ﹤0.01% |
233,051
-5,676
| -2% | -$371K |
|
1348
News Corp Class B
NWS
$16.9B
| $15.9M | ﹤0.01% |
1,002,092
-289,536
| -22% | -$5.39M |
|
1349
Hecla Mining
HL
$9.47B
| $15.9M | ﹤0.01% |
4,051,424
+117,163
| +3% | +$609K |
|
1350
Towne Bank
TOWN
$3.46B
| $15.9M | ﹤0.01% |
584,953
-75,226
| -11% | -$2.15M |
|
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.