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 | |
|---|---|---|---|---|---|---|
1401
TripAdvisor
TRIP
$1.65B
| $14.2M | ﹤0.01% |
796,241
+9,440
| +1% | +$224K |
|
1402
Brink's
BCO
$4.88B
| $14.1M | ﹤0.01% |
232,732
-13,085
| -5% | -$788K |
|
1403
AeroVironment
AVAV
$7.56B
| $14.1M | ﹤0.01% |
171,438
-61,368
| -26% | -$5.45M |
|
1404
Champion Homes
SKY
$4.37B
| $14.1M | ﹤0.01% |
296,500
+70,137
| +31% | +$3.62M |
|
1405
First Majestic Silver
AG
$7.41B
| $14M | ﹤0.01% |
1,948,289
+184,401
| +10% | +$1.8M |
|
1406
Digital Turbine
APPS
$975M
| $14M | ﹤0.01% |
799,580
+300,042
| +60% | +$8.14M |
|
|
NBIS
1407
Nebius Group N.V.
NBIS
$48.3B
| $14M | ﹤0.01% |
2,934,312
| – | – |
|
1408
Acadia Realty Trust
AKR
$3.09B
| $13.9M | ﹤0.01% |
892,812
+63,507
| +8% | +$1.22M |
|
1409
Zillow
ZG
$7.94B
| $13.9M | ﹤0.01% |
438,023
-1,506,898
| -77% | -$59.5M |
|
1410
Amkor Technology
AMKR
$12.4B
| $13.9M | ﹤0.01% |
821,940
-171,009
| -17% | -$3.25M |
|
1411
Stratasys
SSYS
$679M
| $13.8M | ﹤0.01% |
738,635
-18,734
| -2% | -$369K |
|
1412
KB Home
KBH
$3.37B
| $13.8M | ﹤0.01% |
486,346
-292,163
| -38% | -$9.33M |
|
|
CUK
1413
DELISTED
Carnival PLC
CUK
| $13.8M | ﹤0.01% |
1,747,139
+1,375,398
| +370% | +$18.6M |
|
|
RXDX
1414
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $13.8M | ﹤0.01% |
488,745
-399,244
| -45% | -$11.6M |
|
1415
NMI Holdings
NMIH
$3.37B
| $13.8M | ﹤0.01% |
825,915
-62,181
| -7% | -$1.13M |
|
|
AY
1416
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $13.7M | ﹤0.01% |
425,933
+4,249
| +1% | +$138K |
|
1417
Monro
MNRO
$383M
| $13.7M | ﹤0.01% |
320,029
-9,478
| -3% | -$424K |
|
1418
Ryder
R
$9.83B
| $13.7M | ﹤0.01% |
192,989
+59,103
| +44% | +$4.34M |
|
1419
Lennar Class B
LEN.B
$19.4B
| $13.7M | ﹤0.01% |
245,461
-39,892
| -14% | -$2.42M |
|
1420
Timken Company
TKR
$9.56B
| $13.7M | ﹤0.01% |
257,964
-86,868
| -25% | -$5.07M |
|
1421
Global Net Lease
GNL
$1.84B
| $13.7M | ﹤0.01% |
965,777
-62,822
| -6% | -$898K |
|
1422
RLX Technology
RLX
$2.47B
| $13.6M | ﹤0.01% |
6,407,827
+2,798,833
| +78% | +$5.63M |
|
|
ARI
1423
Apollo Commercial Real Estate
ARI
$867M
| $13.6M | ﹤0.01% |
1,303,399
-142,582
| -10% | -$1.75M |
|
|
CCXI
1424
DELISTED
ChemoCentryx, Inc.
CCXI
| $13.6M | ﹤0.01% |
549,104
-590,836
| -52% | -$13M |
|
1425
Cohen & Steers
CNS
$4.23B
| $13.6M | ﹤0.01% |
213,462
+4,780
| +2% | +$361K |
|
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.