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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
FMX icon
1601
Fomento Económico Mexicano
FMX
$42.4B
$8.18M ﹤0.01%
130,339
+50,000
+62% +$3.15M
LILAK icon
1602
Liberty Latin America Class C
LILAK
$1.66B
$8.15M ﹤0.01%
1,458,484
– –
TDCX
1603
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
$8.15M ﹤0.01%
870,000
– –
LGF.A
1604
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
$8.15M ﹤0.01%
1,097,066
+418,003
+62% +$4M
AROC icon
1605
Archrock
AROC
$5.95B
$8.14M ﹤0.01%
1,267,243
– –
MRCY icon
1606
Mercury Systems
MRCY
$6.45B
$8.04M ﹤0.01%
197,948
-277,815
-58% -$14.6M
EQX icon
1607
Equinox Gold
EQX
$8.14B
$8.01M ﹤0.01%
2,206,459
– –
TEN
1608
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
$8.01M ﹤0.01%
460,700
+130,500
+40% +$2.45M
LFST icon
1609
Lifestance Health
LFST
$3.96B
$8M ﹤0.01%
1,208,813
– –
TSP
1610
DELISTED
TuSimple Holdings Inc. Class A Common Stock
TSP
$7.99M ﹤0.01%
1,051,291
+274,573
+35% +$2.3M
CVI icon
1611
CVR Energy
CVI
$3.14B
$7.96M ﹤0.01%
274,588
+60,399
+28% +$1.9M
JACK icon
1612
Jack in the Box
JACK
$351M
$7.96M ﹤0.01%
107,414
-57,641
-35% -$4.37M
QLYS icon
1613
Qualys
QLYS
$6.45B
$7.91M ﹤0.01%
56,756
-134,897
-70% -$19M
APOG icon
1614
Apogee Enterprises
APOG
$897M
$7.86M ﹤0.01%
205,730
– –
OPLN
1615
Openlane
OPLN
$4.05B
$7.86M ﹤0.01%
703,733
+55,300
+9% +$831K
AVTA
1616
DELISTED
Avantax, Inc. Common Stock
AVTA
$7.83M ﹤0.01%
404,940
+114,600
+39% +$2.3M
TA
1617
DELISTED
TravelCenters of America LLC
TA
$7.82M ﹤0.01%
+145,000
New +$7.22M
ZG icon
1618
Zillow
ZG
$8.44B
$7.81M ﹤0.01%
272,821
-165,202
-38% -$5.76M
MGNI icon
1619
Magnite
MGNI
$2.96B
$7.8M ﹤0.01%
1,187,688
– –
EPC icon
1620
Edgewell Personal Care
EPC
$1.35B
$7.73M ﹤0.01%
206,557
-84,054
-29% -$3.28M
VIVO
1621
DELISTED
Meridian Bioscience Inc
VIVO
$7.72M ﹤0.01%
+245,000
New +$7.93M
ADPT icon
1622
Adaptive Biotechnologies
ADPT
$3.91B
$7.69M ﹤0.01%
1,080,221
-45,454
-4% -$428K
ATCO
1623
DELISTED
Atlas Corp.
ATCO
$7.69M ﹤0.01%
553,093
– –
ACH
1624
Accendra Health
ACH
$227M
$7.59M ﹤0.01%
314,767
-69,081
-18% -$2.13M
MDGL icon
1625
Madrigal Pharmaceuticals
MDGL
$11.9B
$7.56M ﹤0.01%
116,300
+6,794
+6% +$472K
63 64
65
66 67

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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.