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 | |
|---|---|---|---|---|---|---|
1476
SiTime
SITM
$16.3B
| $11.6M | ﹤0.01% |
146,830
+72,852
| +98% | +$9.39M |
|
1477
Worthington Enterprises
WOR
$2.87B
| $11.5M | ﹤0.01% |
489,408
+15,692
| +3% | +$480K |
|
1478
Medifast
MED
$137M
| $11.5M | ﹤0.01% |
105,681
-3,499
| -3% | -$501K |
|
|
CPRX
1479
DELISTED
Catalyst Pharmaceutical
CPRX
| $11.4M | ﹤0.01% |
+891,800
| New | +$10.6M |
|
1480
Axsome Therapeutics
AXSM
$11B
| $11.4M | ﹤0.01% |
256,397
+23,351
| +10% | +$1.17M |
|
1481
Appian
APPN
$2.2B
| $11.4M | ﹤0.01% |
279,716
-5,856
| -2% | -$284K |
|
1482
Strategic Education
STRA
$1.89B
| $11.4M | ﹤0.01% |
185,056
-2,469
| -1% | -$166K |
|
1483
Schrodinger
SDGR
$1.23B
| $11.4M | ﹤0.01% |
454,556
| – | – |
|
1484
Kratos Defense & Security Solutions
KTOS
$10.4B
| $11.3M | ﹤0.01% |
1,113,193
+35,893
| +3% | +$481K |
|
1485
CTS Corp
CTS
$1.91B
| $11.3M | ﹤0.01% |
271,351
-72,300
| -21% | -$2.9M |
|
1486
Acadia Realty Trust
AKR
$2.95B
| $11.3M | ﹤0.01% |
892,812
| – | – |
|
1487
American Eagle Outfitters
AEO
$2.99B
| $11.2M | ﹤0.01% |
1,155,925
+50,387
| +5% | +$586K |
|
|
ARI
1488
Apollo Commercial Real Estate
ARI
$872M
| $11.2M | ﹤0.01% |
1,348,525
+45,126
| +3% | +$518K |
|
1489
Fastly Inc
FSLY
$4.07B
| $11.2M | ﹤0.01% |
1,220,300
+859,482
| +238% | +$9.15M |
|
1490
Wolverine World Wide
WWW
$1.6B
| $11.2M | ﹤0.01% |
725,991
| – | – |
|
1491
Freshpet
FRPT
$3.51B
| $11.2M | ﹤0.01% |
222,809
+50,403
| +29% | +$2.38M |
|
1492
Sphere Entertainment
SPHR
$5.77B
| $11.1M | ﹤0.01% |
252,803
+9,664
| +4% | +$542K |
|
1493
Sprout Social
SPT
$526M
| $11.1M | ﹤0.01% |
183,528
-21,702
| -11% | -$1.3M |
|
|
FL
1494
DELISTED
Foot Locker
FL
| $11.1M | ﹤0.01% |
356,957
-310,002
| -46% | -$9.9M |
|
1495
Westamerica Bancorp
WABC
$1.38B
| $11.1M | ﹤0.01% |
211,446
| – | – |
|
|
HYZN
1496
DELISTED
Hyzon Motors Inc. Class A Common Stock
HYZN
| $11.1M | ﹤0.01% |
130,000
| – | – |
|
1497
Ormat Technologies
ORA
$6.02B
| $11M | ﹤0.01% |
+128,137
| New | +$11.4M |
|
1498
Dillards
DDS
$9.63B
| $11M | ﹤0.01% |
40,216
+28,273
| +237% | +$7.48M |
|
1499
Ligand Pharmaceuticals
LGND
$6.06B
| $11M | ﹤0.01% |
204,009
+8,807
| +5% | +$518K |
|
|
BDN
1500
Brandywine Realty Trust
BDN
$551M
| $10.9M | ﹤0.01% |
1,620,700
| – | – |
|
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.