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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
-3.87%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$376B
AUM Growth
-$10.7B
Cap. Flow
+$10.8B
Cap. Flow %
2.88%
Top 10 Hldgs %
23.71%
Holding
2,179
New
127
Increased
1,072
Reduced
569
Closed
90

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.03B
2
AAPL icon
Apple
AAPL
+$741M
3
MSFT icon
Microsoft
MSFT
+$710M
4
TSLA icon
Tesla
TSLA
+$495M
5
AMGN icon
Amgen
AMGN
+$474M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$915M
2
CI icon
Cigna
CI
+$517M
3
UBS icon
UBS Group
UBS
+$413M
4
MS icon
Morgan Stanley
MS
+$300M
5
AZN icon
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
AMC icon
1551
AMC Entertainment Holdings
AMC
$2.38B
$9.81M ﹤0.01%
140,783
+131,846
+1,475% +$18M
MARA icon
1552
Marathon Digital Holdings
MARA
$4.29B
$9.79M ﹤0.01%
914,197
+122,686
+16% +$1.45M
PATK icon
1553
Patrick Industries
PATK
$2.9B
$9.73M ﹤0.01%
332,763
– –
LADR
1554
Ladder Capital
LADR
$1.2B
$9.71M ﹤0.01%
1,083,942
+143,100
+15% +$1.58M
TNC icon
1555
Tennant Co
TNC
$1.49B
$9.62M ﹤0.01%
170,134
– –
ONL
1556
Orion Office REIT
ONL
$151M
$9.6M ﹤0.01%
1,097,414
+551,816
+101% +$5.66M
BBIO icon
1557
BridgeBio Pharma
BBIO
$16.1B
$9.55M ﹤0.01%
960,595
– –
PLAY icon
1558
Dave & Buster's
PLAY
$364M
$9.43M ﹤0.01%
304,018
-90,214
-23% -$3.37M
CSR
1559
Centerspace
CSR
$956M
$9.4M ﹤0.01%
139,660
– –
PLTK icon
1560
Playtika
PLTK
$1.48B
$9.39M ﹤0.01%
1,000,001
+474,070
+90% +$5.46M
BLKB icon
1561
Blackbaud
BLKB
$2.08B
$9.38M ﹤0.01%
212,790
+58,082
+38% +$3.13M
NMRK icon
1562
Newmark Group
NMRK
$2.77B
$9.37M ﹤0.01%
1,162,802
-48,800
-4% -$503K
LAUR icon
1563
Laureate Education
LAUR
$5.24B
$9.35M ﹤0.01%
886,594
-162,300
-15% -$1.84M
PRAA icon
1564
PRA Group
PRAA
$656M
$9.35M ﹤0.01%
284,579
-18,655
-6% -$694K
DNOW icon
1565
DNOW Inc
DNOW
$2.6B
$9.33M ﹤0.01%
928,449
– –
FOUR icon
1566
Shift4
FOUR
$4.23B
$9.28M ﹤0.01%
208,056
+108,224
+108% +$4.55M
CIM
1567
Chimera Investment
CIM
$991M
$9.26M ﹤0.01%
591,463
-77,924
-12% -$2.03M
SAM icon
1568
Boston Beer
SAM
$1.92B
$9.2M ﹤0.01%
28,429
-5,460
-16% -$1.89M
TWOU
1569
DELISTED
2U Inc
TWOU
$9.11M ﹤0.01%
48,584
+22,523
+86% +$5.86M
VRE
1570
DELISTED
Veris Residential
VRE
$9.07M ﹤0.01%
797,913
– –
SFL icon
1571
SFL Corp
SFL
$1.58B
$9.07M ﹤0.01%
995,433
– –
BGC icon
1572
BGC Group
BGC
$5.18B
$9.07M ﹤0.01%
2,887,556
-777,879
-21% -$3.01M
DBX icon
1573
Dropbox
DBX
$8.17B
$9.03M ﹤0.01%
435,815
+375,403
+621% +$8.41M
ESRT icon
1574
Empire State Realty Trust
ESRT
$843M
$9.02M ﹤0.01%
1,375,105
– –
AZZ icon
1575
AZZ Inc
AZZ
$4.57B
$8.99M ﹤0.01%
246,285
-29,700
-11% -$1.24M
61 62
63
64 65

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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.