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 | |
|---|---|---|---|---|---|---|
1476
Encore Capital Group
ECPG
$2.02B
| $12.1M | ﹤0.01% |
208,654
-32,096
| -13% | -$1.9M |
|
1477
Schrodinger
SDGR
$1.13B
| $12M | ﹤0.01% |
454,556
+29,373
| +7% | +$789K |
|
1478
Shutterstock
SSTK
$198M
| $12M | ﹤0.01% |
209,202
-16,742
| -7% | -$1.12M |
|
1479
Palomar
PLMR
$3.55B
| $12M | ﹤0.01% |
186,071
+9,123
| +5% | +$551K |
|
1480
AAR Corp
AIR
$5.59B
| $12M | ﹤0.01% |
286,176
-28,689
| -9% | -$1.34M |
|
|
PMT
1481
PennyMac Mortgage Investment
PMT
$822M
| $12M | ﹤0.01% |
864,209
-148,160
| -15% | -$2.26M |
|
1482
Arcosa
ACA
$7.13B
| $11.9M | ﹤0.01% |
256,688
-5,052
| -2% | -$265K |
|
1483
Sprout Social
SPT
$516M
| $11.9M | ﹤0.01% |
205,230
-24,782
| -11% | -$1.44M |
|
1484
Huron Consulting
HURN
$2.41B
| $11.9M | ﹤0.01% |
183,192
-15,270
| -8% | -$862K |
|
1485
Post Holdings
POST
$4.14B
| $11.9M | ﹤0.01% |
144,359
+5,552
| +4% | +$431K |
|
1486
Oceaneering
OII
$4.86B
| $11.8M | ﹤0.01% |
1,104,641
-92,797
| -8% | -$1.14M |
|
1487
MINISO
MNSO
$3.88B
| $11.8M | ﹤0.01% |
1,502,571
+968,855
| +182% | +$6.61M |
|
1488
Bloomin' Brands
BLMN
$741M
| $11.8M | ﹤0.01% |
709,102
-94,478
| -12% | -$1.92M |
|
1489
Westamerica Bancorp
WABC
$1.38B
| $11.8M | ﹤0.01% |
211,446
+7,380
| +4% | +$432K |
|
|
LAZR
1490
DELISTED
Luminar Technologies
LAZR
| $11.8M | ﹤0.01% |
132,301
-143,075
| -52% | -$22.9M |
|
1491
World Kinect Corp
WKC
$2.04B
| $11.7M | ﹤0.01% |
573,703
-407,117
| -42% | -$9.99M |
|
1492
Newmark Group
NMRK
$2.66B
| $11.7M | ﹤0.01% |
1,211,602
-388,823
| -24% | -$4.5M |
|
1493
Carpenter Technology
CRS
$25.8B
| $11.7M | ﹤0.01% |
419,295
+1,873
| +0.4% | +$66.6K |
|
1494
CTS Corp
CTS
$1.83B
| $11.7M | ﹤0.01% |
343,651
+50,337
| +17% | +$1.82M |
|
1495
Under Armour
UAA
$2.84B
| $11.7M | ﹤0.01% |
1,402,087
-463,014
| -25% | -$5.68M |
|
1496
Virtus Investment Partners
VRTS
$1.06B
| $11.5M | ﹤0.01% |
67,528
+1,924
| +3% | +$363K |
|
1497
Patrick Industries
PATK
$2.74B
| $11.5M | ﹤0.01% |
332,763
-28,377
| -8% | -$1.12M |
|
1498
Progyny
PGNY
$2.44B
| $11.5M | ﹤0.01% |
394,901
+61,829
| +19% | +$2.21M |
|
1499
Lear
LEA
$6.54B
| $11.5M | ﹤0.01% |
91,045
-200,089
| -69% | -$26.4M |
|
|
ALEX
1500
DELISTED
Alexander & Baldwin
ALEX
| $11.5M | ﹤0.01% |
638,495
-46,919
| -7% | -$967K |
|
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.