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 | |
|---|---|---|---|---|---|---|
1576
IMAX
IMAX
$2.78B
| $8.99M | ﹤0.01% |
636,338
| – | – |
|
1577
Emergent Biosolutions
EBS
$389M
| $8.91M | ﹤0.01% |
424,709
+75,926
| +22% | +$2.11M |
|
1578
Brookdale Senior Living
BKD
$3.45B
| $8.91M | ﹤0.01% |
2,087,232
+710,500
| +52% | +$3.37M |
|
1579
Dine Brands
DIN
$453M
| $8.91M | ﹤0.01% |
140,117
| – | – |
|
|
AVNS
1580
DELISTED
Avanos Medical
AVNS
| $8.9M | ﹤0.01% |
408,523
| – | – |
|
1581
Virgin Galactic
SPCE
$371M
| $8.89M | ﹤0.01% |
94,378
| – | – |
|
1582
Triple Flag Precious Metals
TFPM
$6.46B
| $8.86M | ﹤0.01% |
+700,000
| New | +$8.62M |
|
1583
Sally Beauty Holdings
SBH
$1.51B
| $8.82M | ﹤0.01% |
700,124
-25,935
| -4% | -$360K |
|
1584
Cal-Maine
CALM
$4.02B
| $8.8M | ﹤0.01% |
158,319
-245,886
| -61% | -$13.4M |
|
1585
Oceaneering
OII
$4.78B
| $8.79M | ﹤0.01% |
1,104,641
| – | – |
|
|
BBBY
1586
Bed Bath & Beyond
BBBY
$440M
| $8.78M | ﹤0.01% |
396,856
| – | – |
|
1587
S&T Bancorp
STBA
$1.85B
| $8.78M | ﹤0.01% |
299,575
| – | – |
|
1588
Alignment Healthcare
ALHC
$2.84B
| $8.77M | ﹤0.01% |
741,086
+529,047
| +250% | +$7.72M |
|
|
HOUS
1589
DELISTED
Anywhere Real Estate
HOUS
| $8.77M | ﹤0.01% |
1,081,858
+52,798
| +5% | +$541K |
|
1590
Matsons
MATX
$6.22B
| $8.74M | ﹤0.01% |
142,059
-9,049
| -6% | -$695K |
|
1591
Green Dot
GDOT
$764M
| $8.66M | ﹤0.01% |
456,034
+25,050
| +6% | +$577K |
|
1592
ICL Group
ICL
$6.75B
| $8.65M | ﹤0.01% |
1,067,854
+254,936
| +31% | +$2.38M |
|
1593
Regenxbio
RGNX
$672M
| $8.63M | ﹤0.01% |
326,618
| – | – |
|
|
CTEV
1594
Claritev Corp
CTEV
$445M
| $8.59M | ﹤0.01% |
75,056
| – | – |
|
1595
Celestica
CLS
$41.7B
| $8.48M | ﹤0.01% |
1,007,882
| – | – |
|
1596
Weis Markets
WMK
$1.85B
| $8.44M | ﹤0.01% |
118,529
| – | – |
|
1597
CorVel
CRVL
$3.19B
| $8.43M | ﹤0.01% |
182,604
+7,848
| +4% | +$407K |
|
1598
Upbound Group
UPBD
$1.17B
| $8.41M | ﹤0.01% |
480,421
| – | – |
|
1599
Enanta Pharmaceuticals
ENTA
$384M
| $8.29M | ﹤0.01% |
159,819
+20,313
| +15% | +$1.19M |
|
|
HEES
1600
DELISTED
H&E Equipment Services
HEES
| $8.21M | ﹤0.01% |
289,659
| – | – |
|
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.