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 | |
|---|---|---|---|---|---|---|
|
SWTX
1451
DELISTED
SpringWorks Therapeutics
SWTX
| $12.6M | ﹤0.01% |
511,893
-436,472
| -46% | -$16M |
|
|
GTY
1452
Getty Realty Corp
GTY
$2.11B
| $12.5M | ﹤0.01% |
473,298
+106,667
| +29% | +$2.9M |
|
1453
InMode
INMD
$870M
| $12.5M | ﹤0.01% |
559,002
+94,533
| +20% | +$2.48M |
|
1454
Granite Construction
GVA
$5.29B
| $12.5M | ﹤0.01% |
429,674
-276,834
| -39% | -$8.6M |
|
|
HOLI
1455
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $12.5M | ﹤0.01% |
845,265
| – | – |
|
|
AAWW
1456
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $12.5M | ﹤0.01% |
202,585
+140,784
| +228% | +$9.62M |
|
1457
Supernus Pharmaceuticals
SUPN
$2.59B
| $12.4M | ﹤0.01% |
428,573
-46,561
| -10% | -$1.33M |
|
1458
Kornit Digital
KRNT
$705M
| $12.4M | ﹤0.01% |
390,816
-28,512
| -7% | -$1.51M |
|
|
TSE
1459
DELISTED
Trinseo
TSE
| $12.4M | ﹤0.01% |
321,900
-31,127
| -9% | -$1.41M |
|
|
SPWR
1460
DELISTED
SunPower Corporation Common Stock
SPWR
| $12.4M | ﹤0.01% |
782,283
+46,566
| +6% | +$839K |
|
1461
American Eagle Outfitters
AEO
$2.88B
| $12.4M | ﹤0.01% |
1,105,538
-203,575
| -16% | -$2.87M |
|
1462
BGC Group
BGC
$5.52B
| $12.4M | ﹤0.01% |
3,665,435
+825,658
| +29% | +$2.88M |
|
|
JAMF
1463
DELISTED
Jamf
JAMF
| $12.3M | ﹤0.01% |
498,175
+117,951
| +31% | +$3.31M |
|
1464
First Commonwealth Financial
FCF
$2.18B
| $12.3M | ﹤0.01% |
917,901
-65,819
| -7% | -$912K |
|
1465
Kemper
KMPR
$1.67B
| $12.1M | ﹤0.01% |
253,570
-55,672
| -18% | -$2.79M |
|
|
VSXY
1466
Victoria's Secret
VSXY
$7.05B
| $12.1M | ﹤0.01% |
434,227
+71,634
| +20% | +$3.1M |
|
1467
Laureate Education
LAUR
$5.28B
| $12.1M | ﹤0.01% |
1,048,894
+98,851
| +10% | +$1.17M |
|
1468
Methode Electronics
MEI
$496M
| $12.1M | ﹤0.01% |
327,332
-58,852
| -15% | -$2.54M |
|
1469
Lindsay Corp
LNN
$1.13B
| $12.1M | ﹤0.01% |
91,139
+3,157
| +4% | +$419K |
|
1470
Kontoor Brands
KTB
$4.63B
| $12.1M | ﹤0.01% |
362,051
+7,504
| +2% | +$291K |
|
1471
Stock Yards Bancorp
SYBT
$2.64B
| $12.1M | ﹤0.01% |
201,826
+38,268
| +23% | +$2.14M |
|
|
ACH
1472
Accendra Health
ACH
$237M
| $12.1M | ﹤0.01% |
383,848
+59,331
| +18% | +$2.15M |
|
1473
Cannae Holdings
CNNE
$639M
| $12.1M | ﹤0.01% |
624,047
-201,085
| -24% | -$4.22M |
|
1474
SiTime
SITM
$16B
| $12.1M | ﹤0.01% |
73,978
-37,061
| -33% | -$7.01M |
|
1475
JFrog
FROG
$9.66B
| $12.1M | ﹤0.01% |
572,126
+159,649
| +39% | +$3.35M |
|
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.