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 | |
|---|---|---|---|---|---|---|
1351
NewMarket
NEU
$8.11B
| $15.1M | ﹤0.01% |
50,295
| – | – |
|
1352
Cabot Corp
CBT
$4.36B
| $15M | ﹤0.01% |
235,404
-75,665
| -24% | -$5.33M |
|
1353
Macy's
M
$6.71B
| $15M | ﹤0.01% |
959,504
+897,091
| +1,437% | +$15.9M |
|
1354
Piper Sandler
PIPR
$5.14B
| $15M | ﹤0.01% |
574,036
| – | – |
|
1355
Urban Edge Properties
UE
$2.78B
| $15M | ﹤0.01% |
1,123,632
+24,330
| +2% | +$379K |
|
1356
Frontdoor
FTDR
$5.36B
| $15M | ﹤0.01% |
733,241
+89,489
| +14% | +$2.19M |
|
1357
Xencor
XNCR
$1.47B
| $14.9M | ﹤0.01% |
575,045
| – | – |
|
|
LTC
1358
LTC Properties
LTC
$1.98B
| $14.9M | ﹤0.01% |
397,881
+17,763
| +5% | +$740K |
|
1359
First Majestic Silver
AG
$8.68B
| $14.9M | ﹤0.01% |
1,948,289
| – | – |
|
1360
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $14.9M | ﹤0.01% |
457,511
| – | – |
|
1361
Bread Financial
BFH
$4.54B
| $14.8M | ﹤0.01% |
472,054
+62,108
| +15% | +$2.43M |
|
1362
Greif
GEF
$5.12B
| $14.8M | ﹤0.01% |
248,568
| – | – |
|
1363
Wingstop
WING
$3.37B
| $14.8M | ﹤0.01% |
117,866
-124,505
| -51% | -$14.9M |
|
1364
Bloomin' Brands
BLMN
$1.01B
| $14.8M | ﹤0.01% |
805,071
+95,969
| +14% | +$1.91M |
|
|
VISN
1365
Vistance Networks Inc
VISN
$2.79B
| $14.7M | ﹤0.01% |
1,599,668
+195,236
| +14% | +$1.87M |
|
1366
Badger Meter
BMI
$4.04B
| $14.7M | ﹤0.01% |
159,304
-98,300
| -38% | -$9.12M |
|
1367
Spectrum Brands
SPB
$2.09B
| $14.7M | ﹤0.01% |
376,971
+16,420
| +5% | +$1.06M |
|
1368
Herbalife
HLF
$1.31B
| $14.7M | ﹤0.01% |
739,308
-24,013
| -3% | -$595K |
|
1369
Parsons
PSN
$5.1B
| $14.7M | ﹤0.01% |
374,820
-31,693
| -8% | -$1.31M |
|
1370
Mueller Water Products
MWA
$4.13B
| $14.6M | ﹤0.01% |
1,419,363
+99,200
| +8% | +$1.16M |
|
|
EVOP
1371
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $14.5M | ﹤0.01% |
+436,600
| New | +$13.5M |
|
1372
Provident Financial Services
PFS
$3.27B
| $14.5M | ﹤0.01% |
745,431
+19,650
| +3% | +$459K |
|
|
NBIS
1373
Nebius Group N.V.
NBIS
$55.6B
| $14.5M | ﹤0.01% |
2,934,312
| – | – |
|
|
WIRE
1374
DELISTED
Encore Wire Corp
WIRE
| $14.5M | ﹤0.01% |
125,591
-62,300
| -33% | -$7.58M |
|
1375
Supernus Pharmaceuticals
SUPN
$2.73B
| $14.5M | ﹤0.01% |
428,573
| – | – |
|
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.