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 | |
|---|---|---|---|---|---|---|
1551
G-III Apparel Group
GIII
$1.54B
| $10.2M | ﹤0.01% |
502,950
+67,318
| +15% | +$1.7M |
|
1552
Healthcare Services Group
HCSG
$1.6B
| $10.1M | ﹤0.01% |
582,672
-52,155
| -8% | -$899K |
|
|
HOUS
1553
DELISTED
Anywhere Real Estate
HOUS
| $10.1M | ﹤0.01% |
1,029,060
-96,236
| -9% | -$1.13M |
|
1554
Tennant Co
TNC
$1.43B
| $10.1M | ﹤0.01% |
170,134
-15,992
| -9% | -$1.03M |
|
1555
Edgewell Personal Care
EPC
$1.25B
| $10M | ﹤0.01% |
290,611
-65,820
| -18% | -$2.37M |
|
|
THS
1556
DELISTED
Treehouse Foods
THS
| $10M | ﹤0.01% |
239,636
-102,834
| -30% | -$3.78M |
|
1557
NovaGold Resources
NG
$2.56B
| $10M | ﹤0.01% |
2,090,087
+107,390
| +5% | +$671K |
|
|
IRBT
1558
DELISTED
iRobot
IRBT
| $10M | ﹤0.01% |
272,400
+635
| +0.2% | +$30.7K |
|
|
MFA
1559
MFA Financial
MFA
$926M
| $9.96M | ﹤0.01% |
926,073
-195,222
| -17% | -$2.63M |
|
|
LADR
1560
Ladder Capital
LADR
$1.21B
| $9.92M | ﹤0.01% |
940,842
-175,558
| -16% | -$1.99M |
|
1561
Vicor
VICR
$9.56B
| $9.86M | ﹤0.01% |
180,102
+17,935
| +11% | +$1.11M |
|
1562
Sprouts Farmers Market
SFM
$8.13B
| $9.83M | ﹤0.01% |
388,222
-639,759
| -62% | -$17.8M |
|
1563
Equinox Gold
EQX
$7.06B
| $9.83M | ﹤0.01% |
2,206,459
-120,284
| -5% | -$778K |
|
1564
Celestica
CLS
$38.1B
| $9.8M | ﹤0.01% |
1,007,882
-76,017
| -7% | -$815K |
|
1565
Empire State Realty Trust
ESRT
$871M
| $9.67M | ﹤0.01% |
1,375,105
-119,769
| -8% | -$973K |
|
1566
Standex International
SXI
$3.59B
| $9.65M | ﹤0.01% |
113,805
-3,417
| -3% | -$320K |
|
1567
John Wiley & Sons Class A
WLY
$2.65B
| $9.61M | ﹤0.01% |
201,288
-101,343
| -33% | -$5.18M |
|
|
OTLY
1568
Oatly Group
OTLY
$463M
| $9.6M | ﹤0.01% |
138,763
| – | – |
|
1569
ADT
ADT
$5.61B
| $9.6M | ﹤0.01% |
1,560,646
+116,225
| +8% | +$810K |
|
|
SAVE
1570
DELISTED
Spirit Airlines, Inc.
SAVE
| $9.59M | ﹤0.01% |
402,469
+238,713
| +146% | +$5.29M |
|
1571
Revolution Medicines
RVMD
$39.9B
| $9.59M | ﹤0.01% |
492,007
+19,456
| +4% | +$379K |
|
|
OPLN
1572
Openlane
OPLN
$4.21B
| $9.58M | ﹤0.01% |
648,433
-198,890
| -23% | -$3.12M |
|
1573
City Holding Co
CHCO
$2.05B
| $9.58M | ﹤0.01% |
119,870
+2,559
| +2% | +$202K |
|
1574
CNA Financial
CNA
$14.2B
| $9.55M | ﹤0.01% |
212,695
-68,691
| -24% | -$3.15M |
|
1575
Enerpac Tool Group
EPAC
$1.83B
| $9.54M | ﹤0.01% |
501,447
-19,232
| -4% | -$387K |
|
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.