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 | |
|---|---|---|---|---|---|---|
|
IPG
1676
DELISTED
Interpublic Group of Companies
IPG
| $6.44M | ﹤0.01% |
251,431
+64,955
| +35% | +$1.84M |
|
1677
LSB Industries
LXU
$706M
| $6.41M | ﹤0.01% |
+449,500
| New | +$6.36M |
|
1678
DigitalOcean
DOCN
$14.8B
| $6.4M | ﹤0.01% |
176,885
-482,287
| -73% | -$20.3M |
|
|
RWT
1679
Redwood Trust
RWT
$575M
| $6.4M | ﹤0.01% |
1,114,431
-39,694
| -3% | -$307K |
|
|
PYCR
1680
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $6.4M | ﹤0.01% |
+216,380
| New | +$6.25M |
|
1681
Kulicke & Soffa
KLIC
$5.01B
| $6.38M | ﹤0.01% |
165,523
-241,427
| -59% | -$10.7M |
|
1682
CareDx
CDNA
$2.4B
| $6.35M | ﹤0.01% |
372,905
| – | – |
|
|
OPI
1683
DELISTED
Office Properties Income Trust
OPI
| $6.34M | ﹤0.01% |
451,109
| – | – |
|
|
APPH
1684
DELISTED
AppHarvest, Inc. Common Stock
APPH
| $6.3M | ﹤0.01% |
3,200,000
| – | – |
|
|
EHAB
1685
DELISTED
Enhabit
EHAB
| $6.3M | ﹤0.01% |
+448,971
| New | +$7.28M |
|
1686
Astec Industries
ASTE
$1.04B
| $6.3M | ﹤0.01% |
201,944
| – | – |
|
1687
Alector
ALEC
$168M
| $6.29M | ﹤0.01% |
665,304
+30,148
| +5% | +$326K |
|
|
CWAN
1688
DELISTED
Clearwater Analytics
CWAN
| $6.29M | ﹤0.01% |
374,786
-16,501
| -4% | -$241K |
|
1689
GSK
GSK
$103B
| $6.27M | ﹤0.01% |
+213,000
| New | +$8.07M |
|
|
AGR
1690
DELISTED
Avangrid, Inc.
AGR
| $6.23M | ﹤0.01% |
149,323
+81,590
| +120% | +$3.92M |
|
|
MOMO
1691
Hello Group
MOMO
$861M
| $6.22M | ﹤0.01% |
1,346,515
-450,000
| -25% | -$2.15M |
|
1692
Washington Trust Bancorp
WASH
$752M
| $6.2M | ﹤0.01% |
133,320
| – | – |
|
|
MYOV
1693
DELISTED
Myovant Sciences Ltd.
MYOV
| $6.16M | ﹤0.01% |
342,873
| – | – |
|
1694
NetEase
NTES
$81.7B
| $6.16M | ﹤0.01% |
81,449
| – | – |
|
1695
Opko Health
OPK
$985M
| $6.11M | ﹤0.01% |
3,233,385
| – | – |
|
1696
Usana Health Sciences
USNA
$270M
| $6.1M | ﹤0.01% |
108,748
-1,361
| -1% | -$90K |
|
1697
Life Time Group Holdings
LTH
$10B
| $6.09M | ﹤0.01% |
624,688
| – | – |
|
|
SOHU
1698
Sohu.com
SOHU
$359M
| $6.05M | ﹤0.01% |
376,513
| – | – |
|
1699
G-III Apparel Group
GIII
$1.54B
| $6.03M | ﹤0.01% |
403,550
-99,400
| -20% | -$2.03M |
|
1700
The Honest Company
HNST
$432M
| $5.99M | ﹤0.01% |
1,710,867
| – | – |
|
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.