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 | |
|---|---|---|---|---|---|---|
1676
Kaiser Aluminum
KALU
$2.57B
| $7.17M | ﹤0.01% |
90,646
-39,235
| -30% | -$3.67M |
|
1677
Matthews International
MATW
$860M
| $7.03M | ﹤0.01% |
245,065
-36,638
| -13% | -$1.12M |
|
|
RDFN
1678
DELISTED
Redfin
RDFN
| $6.99M | ﹤0.01% |
847,885
+28,214
| +3% | +$323K |
|
1679
Playtika
PLTK
$1.5B
| $6.96M | ﹤0.01% |
525,931
+58,618
| +13% | +$913K |
|
1680
Varex Imaging
VREX
$459M
| $6.96M | ﹤0.01% |
325,226
-24,283
| -7% | -$516K |
|
1681
Samsara
IOT
$21.3B
| $6.95M | ﹤0.01% |
622,222
| – | – |
|
1682
MACOM Technology Solutions
MTSI
$19.2B
| $6.84M | ﹤0.01% |
148,346
-318,364
| -68% | -$16.4M |
|
|
X
1683
DELISTED
US Steel
X
| $6.81M | ﹤0.01% |
380,353
-1,780,651
| -82% | -$48.7M |
|
|
ECHO
1684
EchoStar
ECHO
$24.4B
| $6.8M | ﹤0.01% |
352,519
-108,619
| -24% | -$2.45M |
|
|
DISH
1685
DELISTED
DISH Network Corp.
DISH
| $6.76M | ﹤0.01% |
377,068
-1,039,036
| -73% | -$25.2M |
|
1686
Gibraltar Industries
ROCK
$1.26B
| $6.75M | ﹤0.01% |
174,179
-152,902
| -47% | -$6.24M |
|
1687
Lifestance Health
LFST
$4.04B
| $6.72M | ﹤0.01% |
1,208,813
-12,903
| -1% | -$98.8K |
|
|
CMRC
1688
Commerce.com Inc Series 1
CMRC
$254M
| $6.72M | ﹤0.01% |
414,745
+192,753
| +87% | +$3.53M |
|
|
LKFT
1689
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.77B
| $6.7M | ﹤0.01% |
120,000
| – | – |
|
1690
uniQure
QURE
$3.11B
| $6.68M | ﹤0.01% |
358,587
| – | – |
|
1691
Treace Medical Concepts
TMCI
$270M
| $6.68M | ﹤0.01% |
+465,529
| New | +$7.84M |
|
1692
Benchmark Electronics
BHE
$2.9B
| $6.67M | ﹤0.01% |
295,870
-30,475
| -9% | -$735K |
|
|
FSR
1693
DELISTED
Fisker Inc.
FSR
| $6.64M | ﹤0.01% |
774,905
+291,856
| +60% | +$3.02M |
|
1694
Gates Industrial Corporation Ltd.
GTES
$6.57B
| $6.63M | ﹤0.01% |
613,783
+215,953
| +54% | +$2.7M |
|
|
HCP
1695
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $6.62M | ﹤0.01% |
225,000
| – | – |
|
1696
Scansource
SCSC
$1.13B
| $6.6M | ﹤0.01% |
211,924
-7,187
| -3% | -$252K |
|
1697
Enanta Pharmaceuticals
ENTA
$366M
| $6.59M | ﹤0.01% |
139,506
| – | – |
|
1698
Coeur Mining
CDE
$15.1B
| $6.57M | ﹤0.01% |
2,162,319
+23,344
| +1% | +$91.7K |
|
|
INN
1699
Summit Hotel Properties
INN
$751M
| $6.57M | ﹤0.01% |
903,340
| – | – |
|
|
BRG
1700
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $6.53M | ﹤0.01% |
+248,300
| New | +$6.56M |
|
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.