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 | |
|---|---|---|---|---|---|---|
|
EB
1701
DELISTED
Eventbrite
EB
| $5.98M | ﹤0.01% |
983,199
+593,999
| +153% | +$5M |
|
|
UDMY
1702
DELISTED
Udemy
UDMY
| $5.97M | ﹤0.01% |
494,114
| – | – |
|
|
TSE
1703
DELISTED
Trinseo
TSE
| $5.9M | ﹤0.01% |
321,900
| – | – |
|
1704
Innoviva
INVA
$1.48B
| $5.89M | ﹤0.01% |
507,060
| – | – |
|
1705
Group 1 Automotive
GPI
$3.18B
| $5.88M | ﹤0.01% |
41,170
-109,600
| -73% | -$18.8M |
|
|
MFA
1706
MFA Financial
MFA
$933M
| $5.88M | ﹤0.01% |
755,273
-170,800
| -18% | -$1.91M |
|
1707
TriMas Corp
TRS
$1.44B
| $5.82M | ﹤0.01% |
232,263
+13,700
| +6% | +$378K |
|
1708
Travere Therapeutics
TVTX
$5.78B
| $5.81M | ﹤0.01% |
235,900
+144,000
| +157% | +$3.72M |
|
|
SNBR
1709
DELISTED
Sleep Number
SNBR
| $5.8M | ﹤0.01% |
171,664
+24,500
| +17% | +$983K |
|
1710
Krispy Kreme
DNUT
$576M
| $5.78M | ﹤0.01% |
+501,606
| New | +$6.6M |
|
1711
MGP Ingredients
MGPI
$375M
| $5.78M | ﹤0.01% |
+54,433
| New | +$5.85M |
|
1712
Consensus Cloud Solutions
CCSI
$647M
| $5.77M | ﹤0.01% |
121,952
-18,354
| -13% | -$945K |
|
|
OTLY
1713
Oatly Group
OTLY
$438M
| $5.73M | ﹤0.01% |
108,898
-29,865
| -22% | -$2.06M |
|
|
ARGO
1714
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $5.73M | ﹤0.01% |
297,352
| – | – |
|
1715
Live Oak Bancshares
LOB
$1.97B
| $5.72M | ﹤0.01% |
186,824
+15,435
| +9% | +$554K |
|
|
LAC
1716
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $5.71M | ﹤0.01% |
217,845
+27,454
| +14% | +$730K |
|
|
AMWD
1717
DELISTED
American Woodmark
AMWD
| $5.71M | ﹤0.01% |
130,086
-13,600
| -9% | -$663K |
|
1718
Alpha Metallurgical Resources
AMR
$1.93B
| $5.7M | ﹤0.01% |
41,661
-105,939
| -72% | -$14.7M |
|
|
IRBT
1719
DELISTED
iRobot
IRBT
| $5.69M | ﹤0.01% |
101,012
-171,388
| -63% | -$9M |
|
|
QVCGA
1720
DELISTED
QVC Group Inc Series A
QVCGA
| $5.67M | ﹤0.01% |
56,438
| – | – |
|
|
SAVE
1721
DELISTED
Spirit Airlines, Inc.
SAVE
| $5.67M | ﹤0.01% |
301,285
-101,184
| -25% | -$2.38M |
|
1722
Ally Financial
ALLY
$13.3B
| $5.63M | ﹤0.01% |
202,169
+178,815
| +766% | +$5.94M |
|
1723
Scansource
SCSC
$1.12B
| $5.6M | ﹤0.01% |
211,924
| – | – |
|
|
RPT
1724
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $5.6M | ﹤0.01% |
740,279
-94,300
| -11% | -$927K |
|
1725
Scholastic
SCHL
$792M
| $5.59M | ﹤0.01% |
181,709
-70,257
| -28% | -$2.93M |
|
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.