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 | |
|---|---|---|---|---|---|---|
|
JWN
1376
DELISTED
Nordstrom
JWN
| $14.5M | ﹤0.01% |
866,284
-1,693,403
| -66% | -$35.4M |
|
1377
Hope Bancorp
HOPE
$1.82B
| $14.5M | ﹤0.01% |
1,146,563
| – | – |
|
1378
Hecla Mining
HL
$11.1B
| $14.5M | ﹤0.01% |
3,671,700
-379,724
| -9% | -$1.54M |
|
|
HOLI
1379
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $14.5M | ﹤0.01% |
845,265
| – | – |
|
1380
Yeti Holdings
YETI
$3.98B
| $14.4M | ﹤0.01% |
505,790
+489,901
| +3,083% | +$20.4M |
|
|
SPR
1381
DELISTED
Spirit AeroSystems
SPR
| $14.4M | ﹤0.01% |
656,415
-238,416
| -27% | -$7.25M |
|
|
ELME
1382
Elme Communities
ELME
$146M
| $14.4M | ﹤0.01% |
819,311
+56,400
| +7% | +$1.15M |
|
|
TPH
1383
DELISTED
Tri Pointe Homes
TPH
| $14.3M | ﹤0.01% |
948,479
-182,473
| -16% | -$3.22M |
|
1384
ADT
ADT
$5.63B
| $14.3M | ﹤0.01% |
1,910,226
+349,580
| +22% | +$2.64M |
|
|
BRSL
1385
Brightstar Lottery PLC
BRSL
$2.08B
| $14.3M | ﹤0.01% |
902,820
| – | – |
|
1386
Vistra
VST
$47.4B
| $14.3M | ﹤0.01% |
678,812
-133,630
| -16% | -$3.23M |
|
|
AIV
1387
Aimco
AIV
$381M
| $14.2M | ﹤0.01% |
1,948,352
-95,000
| -5% | -$779K |
|
1388
Hilltop Holdings
HTH
$2.28B
| $14.2M | ﹤0.01% |
572,218
-64,219
| -10% | -$1.75M |
|
1389
Cannae Holdings
CNNE
$654M
| $14.1M | ﹤0.01% |
684,247
+60,200
| +10% | +$1.3M |
|
1390
SL Green Realty
SLG
$3.88B
| $14.1M | ﹤0.01% |
351,966
-130,580
| -27% | -$6.07M |
|
1391
Under Armour Class C
UA
$2.82B
| $14.1M | ﹤0.01% |
2,365,701
+352,200
| +17% | +$2.76M |
|
|
HTO
1392
H2O America
HTO
$2.59B
| $14M | ﹤0.01% |
243,829
| – | – |
|
1393
MediaAlpha
MAX
$755M
| $14M | ﹤0.01% |
1,600,000
| – | – |
|
1394
STAAR Surgical
STAA
$1.14B
| $13.9M | ﹤0.01% |
197,463
-232,146
| -54% | -$19.9M |
|
|
PDM
1395
Piedmont Realty Trust
PDM
$1.21B
| $13.9M | ﹤0.01% |
1,316,398
+111,200
| +9% | +$1.4M |
|
|
JOYY
1396
JOYY Inc
JOYY
$3.77B
| $13.9M | ﹤0.01% |
534,508
| – | – |
|
1397
Embecta
EMBC
$227M
| $13.9M | ﹤0.01% |
481,159
-306,217
| -39% | -$9.06M |
|
1398
Cohen & Steers
CNS
$4.33B
| $13.8M | ﹤0.01% |
220,659
+7,197
| +3% | +$515K |
|
1399
Installed Building Products
IBP
$6.51B
| $13.8M | ﹤0.01% |
170,632
+127,766
| +298% | +$11.8M |
|
1400
Portillo's
PTLO
$338M
| $13.8M | ﹤0.01% |
+700,000
| New | +$15.4M |
|
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.