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 C
GOOG
|
+$1.1B |
| 2 |
Apple
AAPL
|
+$1.1B |
| 3 |
Microsoft
MSFT
|
+$819M |
| 4 |
Cigna
CI
|
+$613M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$548M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$506M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$388M |
| 4 |
DRE
Duke Realty Corp.
DRE
|
+$358M |
| 5 |
IBM
IBM
|
+$211M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.98% |
| 2 | Healthcare | 15.12% |
| 3 | Financials | 15.08% |
| 4 | Consumer Discretionary | 10.12% |
| 5 | Industrials | 8.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CWAN
1676
DELISTED
Clearwater Analytics
CWAN
| $7.03M | ﹤0.01% |
374,786
| – | – |
|
1677
Healthcare Services Group
HCSG
$1.5B
| $6.99M | ﹤0.01% |
582,672
| – | – |
|
1678
Veeco
VECO
$2.45B
| $6.99M | ﹤0.01% |
+376,300
| New | +$7.07M |
|
|
NXH
1679
Neighborhood Intelligence Inc
NXH
$340M
| $6.98M | ﹤0.01% |
396,856
| – | – |
|
1680
MACOM Technology Solutions
MTSI
$18.1B
| $6.97M | ﹤0.01% |
110,727
+56,545
| +104% | +$3.53M |
|
1681
ADMA Biologics
ADMA
$1.96B
| $6.96M | ﹤0.01% |
+1,793,300
| New | +$5.53M |
|
|
HOUS
1682
DELISTED
Anywhere Real Estate
HOUS
| $6.91M | ﹤0.01% |
1,081,858
| – | – |
|
1683
Beyond Meat
BYND
$173M
| $6.88M | ﹤0.01% |
18,618
+3,442
| +23% | +$1.44M |
|
|
RXDX
1684
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $6.88M | ﹤0.01% |
+62,500
| New | +$4.05M |
|
1685
Enviri
NVRI
$613M
| $6.83M | ﹤0.01% |
1,086,217
+405,800
| +60% | +$2.42M |
|
|
RPT
1686
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $6.83M | ﹤0.01% |
680,079
-60,200
| -8% | -$594K |
|
1687
DigitalOcean
DOCN
$13.6B
| $6.83M | ﹤0.01% |
268,023
+91,138
| +52% | +$2.85M |
|
1688
iQIYI
IQ
$975M
| $6.79M | ﹤0.01% |
+1,281,810
| New | +$3.74M |
|
1689
La-Z-Boy
LZB
$1.23B
| $6.76M | ﹤0.01% |
296,298
+197,809
| +201% | +$4.81M |
|
1690
Chesapeake Utilities
CPK
$3.1B
| $6.75M | ﹤0.01% |
57,117
-8,100
| -12% | -$951K |
|
1691
Deluxe
DLX
$1.08B
| $6.74M | ﹤0.01% |
396,876
+66,170
| +20% | +$1.18M |
|
1692
Innoviva
INVA
$1.5B
| $6.72M | ﹤0.01% |
507,060
| – | – |
|
1693
Inogen
INGN
$139M
| $6.69M | ﹤0.01% |
339,249
+131,453
| +63% | +$2.83M |
|
1694
Kinross Gold
KGC
$33.2B
| $6.68M | ﹤0.01% |
1,638,479
-98,740
| -6% | -$390K |
|
1695
JFrog
FROG
$11.7B
| $6.67M | ﹤0.01% |
312,659
-237,900
| -43% | -$5.41M |
|
1696
CryoPort
CYRX
$818M
| $6.61M | ﹤0.01% |
381,161
+78,600
| +26% | +$1.66M |
|
1697
Varex Imaging
VREX
$779M
| $6.6M | ﹤0.01% |
325,226
| – | – |
|
1698
Edgewell Personal Care
EPC
$1.21B
| $6.6M | ﹤0.01% |
171,157
-35,400
| -17% | -$1.41M |
|
1699
3D Systems Corp
DDD
$523M
| $6.57M | ﹤0.01% |
888,469
| – | – |
|
1700
Virgin Galactic
SPCE
$465M
| $6.57M | ﹤0.01% |
94,378
| – | – |
|
Similar funds
Norges Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Norges Bank held 2,222 positions worth $415B, up 10% from $376B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Norges Bank deployed $17.2B of net new capital in Q4 2022, opening 133 new positions and adding to 1,177 existing holdings. Its largest new stake was Mobileye: 12,085,900 shares worth $424M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was T-Mobile US, an estimated $548M trimmed.
- Norges Bank's largest Q4 2022 buy was Mobileye: 12,085,900 shares worth $424M.
- Norges Bank added most to Alphabet (Google) Class C in Q4 2022, an estimated $1.1B increase.
- Norges Bank's biggest Q4 2022 reduction was T-Mobile US, cutting an estimated $548M.
- Norges Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $388M.
- Norges Bank's ten largest holdings make up 21% of its $415B portfolio in Q4 2022.
- Norges Bank opened 133 new positions and closed 92 in Q4 2022.
- Norges Bank's portfolio value rose 10% quarter-over-quarter to $415B.
Based on Norges Bank's 13F filing for Q4 2022, filed 14 Feb 2023.