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 | |
|---|---|---|---|---|---|---|
1351
Hope Bancorp
HOPE
$1.79B
| $15.9M | ﹤0.01% |
1,146,563
-75,654
| -6% | -$1.1M |
|
1352
Trinity Industries
TRN
$2.48B
| $15.8M | ﹤0.01% |
653,949
+25,218
| +4% | +$681K |
|
1353
Certara
CERT
$1.26B
| $15.8M | ﹤0.01% |
737,996
-58,831
| -7% | -$1.16M |
|
1354
LiveRamp
RAMP
$2.3B
| $15.8M | ﹤0.01% |
613,005
-21,370
| -3% | -$634K |
|
|
PDM
1355
Piedmont Realty Trust
PDM
$1.21B
| $15.8M | ﹤0.01% |
1,205,198
-85,368
| -7% | -$1.28M |
|
1356
Vertiv
VRT
$93B
| $15.8M | ﹤0.01% |
1,917,444
-884,198
| -32% | -$10M |
|
1357
MediaAlpha
MAX
$758M
| $15.8M | ﹤0.01% |
1,600,000
| – | – |
|
1358
Xencor
XNCR
$1.5B
| $15.7M | ﹤0.01% |
575,045
-12,869
| -2% | -$317K |
|
1359
PennyMac Financial
PFSI
$3.92B
| $15.7M | ﹤0.01% |
358,117
-47,398
| -12% | -$2.24M |
|
|
BDN
1360
Brandywine Realty Trust
BDN
$524M
| $15.6M | ﹤0.01% |
1,620,700
-132,293
| -8% | -$1.49M |
|
1361
Herbalife
HLF
$1.29B
| $15.6M | ﹤0.01% |
763,321
-28,014
| -4% | -$693K |
|
1362
Twist Bioscience
TWST
$5.7B
| $15.6M | ﹤0.01% |
445,163
+69,428
| +18% | +$2.46M |
|
1363
Nu Skin
NUS
$252M
| $15.5M | ﹤0.01% |
358,820
-110,991
| -24% | -$5.09M |
|
1364
Greif
GEF
$4.92B
| $15.5M | ﹤0.01% |
248,568
-16,262
| -6% | -$994K |
|
1365
Frontdoor
FTDR
$5.1B
| $15.5M | ﹤0.01% |
643,752
-50,994
| -7% | -$1.38M |
|
1366
Mueller Water Products
MWA
$3.95B
| $15.5M | ﹤0.01% |
1,320,163
-219,574
| -14% | -$2.64M |
|
1367
Adeia
ADEA
$2.94B
| $15.5M | ﹤0.01% |
4,049,121
-1,138,596
| -22% | -$4.77M |
|
|
SIX
1368
DELISTED
Six Flags Entertainment Corp.
SIX
| $15.4M | ﹤0.01% |
711,142
+5,650
| +0.8% | +$180K |
|
|
HTLF
1369
DELISTED
Heartland Financial USA, Inc.
HTLF
| $15.4M | ﹤0.01% |
371,230
-8,945
| -2% | -$393K |
|
1370
Jackson Financial
JXN
$8.53B
| $15.4M | ﹤0.01% |
575,232
+35,044
| +6% | +$1.28M |
|
1371
Acushnet Holdings
GOLF
$5.93B
| $15.4M | ﹤0.01% |
368,385
+1,208
| +0.3% | +$49.8K |
|
1372
AtriCure
ATRC
$1.92B
| $15.3M | ﹤0.01% |
373,751
-9,950
| -3% | -$471K |
|
1373
Under Armour Class C
UA
$2.77B
| $15.3M | ﹤0.01% |
2,013,501
+607,389
| +43% | +$6.83M |
|
1374
Vir Biotechnology
VIR
$1.46B
| $15.2M | ﹤0.01% |
598,364
+45,247
| +8% | +$1.06M |
|
|
HTO
1375
H2O America
HTO
$2.57B
| $15.2M | ﹤0.01% |
243,829
+5,610
| +2% | +$347K |
|
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.