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 | |
|---|---|---|---|---|---|---|
1526
Ligand Pharmaceuticals
LGND
$5.85B
| $10.9M | ﹤0.01% |
195,202
-6,906
| -3% | -$392K |
|
1527
Emergent Biosolutions
EBS
$382M
| $10.8M | ﹤0.01% |
348,783
-82,638
| -19% | -$2.82M |
|
1528
Green Dot
GDOT
$754M
| $10.8M | ﹤0.01% |
430,984
-62,615
| -13% | -$1.69M |
|
|
EVBG
1529
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $10.8M | ﹤0.01% |
387,966
+42,795
| +12% | +$1.73M |
|
1530
IMAX
IMAX
$2.8B
| $10.7M | ﹤0.01% |
636,338
-34,368
| -5% | -$559K |
|
1531
Xerox
XRX
$411M
| $10.7M | ﹤0.01% |
720,981
+252,394
| +54% | +$4.47M |
|
1532
DoubleVerify
DV
$1.8B
| $10.7M | ﹤0.01% |
471,489
+160,659
| +52% | +$3.61M |
|
1533
New Fortress Energy
NFE
$95.9M
| $10.7M | ﹤0.01% |
269,395
-317,813
| -54% | -$13.7M |
|
1534
XP
XP
$8.8B
| $10.6M | ﹤0.01% |
590,433
+386,961
| +190% | +$8.91M |
|
|
MNTV
1535
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $10.6M | ﹤0.01% |
1,203,773
-9,055
| -0.7% | -$121K |
|
1536
Shake Shack
SHAK
$2.61B
| $10.6M | ﹤0.01% |
267,778
-121,236
| -31% | -$6.19M |
|
|
VRE
1537
DELISTED
Veris Residential
VRE
| $10.6M | ﹤0.01% |
797,913
-25,088
| -3% | -$388K |
|
1538
Agios Pharmaceuticals
AGIO
$1.82B
| $10.5M | ﹤0.01% |
475,733
-20,159
| -4% | -$455K |
|
1539
Magnite
MGNI
$2.8B
| $10.5M | ﹤0.01% |
1,187,688
-3,054
| -0.3% | -$32.7K |
|
1540
Allogene Therapeutics
ALLO
$635M
| $10.5M | ﹤0.01% |
923,009
-1,150,508
| -55% | -$10.2M |
|
1541
Cerence
CRNC
$403M
| $10.5M | ﹤0.01% |
416,645
-149,909
| -26% | -$4.48M |
|
|
WWE
1542
DELISTED
World Wrestling Entertainment
WWE
| $10.5M | ﹤0.01% |
167,776
-60,006
| -26% | -$3.71M |
|
1543
Archrock
AROC
$6.16B
| $10.5M | ﹤0.01% |
1,267,243
-108,518
| -8% | -$994K |
|
|
AUY
1544
DELISTED
Yamana Gold, Inc.
AUY
| $10.5M | ﹤0.01% |
2,249,850
-714,767
| -24% | -$3.87M |
|
1545
Sturm, Ruger & Co
RGR
$616M
| $10.4M | ﹤0.01% |
163,160
-4,907
| -3% | -$330K |
|
|
HBI
1546
DELISTED
Hanesbrands
HBI
| $10.4M | ﹤0.01% |
1,008,302
-1,017,574
| -50% | -$12.6M |
|
1547
Liberty Latin America Class C
LILAK
$1.67B
| $10.3M | ﹤0.01% |
1,458,485
-141,631
| -9% | -$1.18M |
|
1548
Hayward Holdings
HAYW
$3.28B
| $10.3M | ﹤0.01% |
713,649
+424,159
| +147% | +$6.54M |
|
1549
Boston Beer
SAM
$1.94B
| $10.3M | ﹤0.01% |
33,889
-5,814
| -15% | -$2.02M |
|
1550
JELD-WEN Holding
JELD
$124M
| $10.2M | ﹤0.01% |
700,708
-169,446
| -19% | -$3.08M |
|
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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.