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 | |
|---|---|---|---|---|---|---|
|
KYNB
1626
Kyntra Bio
KYNB
$27.9M
| $8.33M | ﹤0.01% |
31,564
+1,067
| +3% | +$273K |
|
|
FLNA
1627
Filana Therapeutics
FLNA
$48.8M
| $8.27M | ﹤0.01% |
294,039
+4,198
| +1% | +$106K |
|
1628
Astec Industries
ASTE
$1.16B
| $8.24M | ﹤0.01% |
201,944
-6,476
| -3% | -$276K |
|
1629
S&T Bancorp
STBA
$1.88B
| $8.22M | ﹤0.01% |
299,575
-28,970
| -9% | -$820K |
|
|
SVC
1630
Service Properties Trust
SVC
$1.04B
| $8.21M | ﹤0.01% |
313,967
-9,375
| -3% | -$323K |
|
|
RPT
1631
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $8.2M | ﹤0.01% |
834,579
+87,935
| +12% | +$1.07M |
|
|
TWOU
1632
DELISTED
2U Inc
TWOU
| $8.19M | ﹤0.01% |
26,061
+4,295
| +20% | +$1.33M |
|
1633
Opko Health
OPK
$985M
| $8.18M | ﹤0.01% |
3,233,385
-599,556
| -16% | -$1.75M |
|
1634
America Movil
AMX
$76.1B
| $8.17M | ﹤0.01% |
400,000
| – | – |
|
1635
Marcus & Millichap
MMI
$1.16B
| $8.11M | ﹤0.01% |
219,322
-10,081
| -4% | -$438K |
|
|
QVCGA
1636
DELISTED
QVC Group Inc Series A
QVCGA
| $8.1M | ﹤0.01% |
56,438
-3,523
| -6% | -$684K |
|
1637
Bumble
BMBL
$372M
| $8.08M | ﹤0.01% |
287,142
-355,166
| -55% | -$9.65M |
|
|
VMEO
1638
DELISTED
Vimeo
VMEO
| $8.08M | ﹤0.01% |
1,342,167
+103,784
| +8% | +$941K |
|
1639
Apogee Enterprises
APOG
$827M
| $8.07M | ﹤0.01% |
205,730
-35,829
| -15% | -$1.53M |
|
1640
Regenxbio
RGNX
$620M
| $8.07M | ﹤0.01% |
326,618
-21,761
| -6% | -$544K |
|
|
TDCX
1641
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
| $8.05M | ﹤0.01% |
870,000
| – | – |
|
1642
Life Time Group Holdings
LTH
$10.1B
| $8.05M | ﹤0.01% |
624,688
| – | – |
|
1643
FIGS
FIGS
$1.79B
| $8.04M | ﹤0.01% |
882,882
+831,887
| +1,631% | +$10.6M |
|
1644
CareDx
CDNA
$2.26B
| $8.01M | ﹤0.01% |
372,905
+279,784
| +300% | +$7.76M |
|
1645
Allegro MicroSystems
ALGM
$7.74B
| $8M | ﹤0.01% |
386,700
+66,612
| +21% | +$1.59M |
|
|
BRKL
1646
DELISTED
Brookline Bancorp
BRKL
| $8M | ﹤0.01% |
600,784
-8,330
| -1% | -$120K |
|
1647
Usana Health Sciences
USNA
$409M
| $7.97M | ﹤0.01% |
110,109
-9,542
| -8% | -$711K |
|
1648
JetBlue
JBLU
$2.28B
| $7.93M | ﹤0.01% |
947,446
+154,632
| +20% | +$1.65M |
|
|
VNET
1649
VNET Group
VNET
$2.04B
| $7.92M | ﹤0.01% |
1,311,215
| – | – |
|
1650
IAMGOLD
IAG
$8.18B
| $7.85M | ﹤0.01% |
4,881,363
| – | – |
|
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.