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 | |
|---|---|---|---|---|---|---|
1601
Atlanta Braves Holdings Series B
BATRK
$3.26B
| $9.03M | ﹤0.01% |
376,121
+24,426
| +7% | +$617K |
|
|
BBBY
1602
Bed Bath & Beyond
BBBY
$486M
| $9.02M | ﹤0.01% |
396,856
+164,525
| +71% | +$4.95M |
|
|
OPI
1603
DELISTED
Office Properties Income Trust
OPI
| $9M | ﹤0.01% |
451,109
-13,677
| -3% | -$296K |
|
1604
Blackbaud
BLKB
$1.92B
| $8.98M | ﹤0.01% |
154,708
-164,940
| -52% | -$9.58M |
|
1605
Freshpet
FRPT
$2.94B
| $8.95M | ﹤0.01% |
172,406
+22,438
| +15% | +$1.73M |
|
1606
Axsome Therapeutics
AXSM
$11.3B
| $8.93M | ﹤0.01% |
233,046
+55,766
| +31% | +$1.76M |
|
1607
Box
BOX
$4.36B
| $8.92M | ﹤0.01% |
354,694
-1,248,784
| -78% | -$34.9M |
|
|
RWT
1608
Redwood Trust
RWT
$574M
| $8.9M | ﹤0.01% |
1,154,125
+18,493
| +2% | +$170K |
|
1609
Weis Markets
WMK
$1.91B
| $8.84M | ﹤0.01% |
118,529
-12,996
| -10% | -$1.01M |
|
1610
Credicorp
BAP
$31.8B
| $8.81M | ﹤0.01% |
73,494
+5,435
| +8% | +$747K |
|
1611
Sony
SONY
$136B
| $8.8M | ﹤0.01% |
538,250
| – | – |
|
1612
Kinross Gold
KGC
$27.5B
| $8.79M | ﹤0.01% |
2,469,481
-71
| -0% | -$343 |
|
|
DCT
1613
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $8.76M | ﹤0.01% |
589,892
+136,885
| +30% | +$2.4M |
|
1614
BridgeBio Pharma
BBIO
$15.7B
| $8.72M | ﹤0.01% |
960,595
-133,300
| -12% | -$1.11M |
|
1615
NeoGenomics
NEO
$2.02B
| $8.69M | ﹤0.01% |
1,066,297
+246,962
| +30% | +$2.36M |
|
|
LGF.B
1616
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $8.66M | ﹤0.01% |
980,932
-596,601
| -38% | -$6.79M |
|
1617
Sally Beauty Holdings
SBH
$1.45B
| $8.65M | ﹤0.01% |
726,059
-193,261
| -21% | -$2.81M |
|
|
GOOS
1618
Canada Goose Holdings
GOOS
$876M
| $8.64M | ﹤0.01% |
479,581
+34,087
| +8% | +$720K |
|
1619
3D Systems Corp
DDD
$434M
| $8.62M | ﹤0.01% |
888,469
-39,885
| -4% | -$466K |
|
1620
Deluxe
DLX
$1.18B
| $8.6M | ﹤0.01% |
396,876
-31,544
| -7% | -$803K |
|
|
VISN
1621
Vistance Networks Inc
VISN
$2.67B
| $8.6M | ﹤0.01% |
1,404,432
-298,536
| -18% | -$2.09M |
|
1622
nCino
NCNO
$2.03B
| $8.58M | ﹤0.01% |
277,602
-18,860
| -6% | -$666K |
|
1623
CorVel
CRVL
$3.07B
| $8.58M | ﹤0.01% |
174,756
-7,449
| -4% | -$384K |
|
|
AAMI
1624
Acadian Asset Management
AAMI
$3.09B
| $8.57M | ﹤0.01% |
475,750
-588,800
| -55% | -$12.1M |
|
|
HEES
1625
DELISTED
H&E Equipment Services
HEES
| $8.39M | ﹤0.01% |
289,659
-26,707
| -8% | -$938K |
|
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.