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 | |
|---|---|---|---|---|---|---|
|
ONL
1726
Orion Office REIT
ONL
$148M
| $5.98M | ﹤0.01% |
545,598
+130,716
| +32% | +$1.69M |
|
1727
Globus Medical
GMED
$10.9B
| $5.97M | ﹤0.01% |
106,280
-5,930
| -5% | -$390K |
|
|
ATCO
1728
DELISTED
Atlas Corp.
ATCO
| $5.92M | ﹤0.01% |
553,093
-84,802
| -13% | -$1.07M |
|
1729
LivePerson
LPSN
$22M
| $5.89M | ﹤0.01% |
27,761
-3,725
| -12% | -$1.05M |
|
|
ARR
1730
Armour Residential REIT
ARR
$2.33B
| $5.88M | ﹤0.01% |
167,148
+30,006
| +22% | +$1.11M |
|
1731
Whirlpool
WHR
$2.47B
| $5.88M | ﹤0.01% |
37,940
-36,654
| -49% | -$6.37M |
|
|
SRNE
1732
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $5.83M | ﹤0.01% |
2,901,483
+717,900
| +33% | +$1.24M |
|
1733
Cardlytics
CDLX
$22.1M
| $5.82M | ﹤0.01% |
26,097
+1,778
| +7% | +$595K |
|
1734
Live Oak Bancshares
LOB
$1.97B
| $5.81M | ﹤0.01% |
171,389
+72,000
| +72% | +$2.98M |
|
|
MASI
1735
DELISTED
Masimo
MASI
| $5.74M | ﹤0.01% |
43,914
+27,371
| +165% | +$3.66M |
|
1736
Columbia Financial
CLBK
$1.14B
| $5.73M | ﹤0.01% |
262,650
-78,316
| -23% | -$1.63M |
|
|
UHT
1737
Universal Health Realty Income Trust
UHT
$608M
| $5.72M | ﹤0.01% |
107,458
+7,426
| +7% | +$393K |
|
1738
First Interstate BancSystem
FIBK
$3.74B
| $5.67M | ﹤0.01% |
148,871
-153,063
| -51% | -$5.46M |
|
|
TEN
1739
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $5.67M | ﹤0.01% |
+330,200
| New | +$5.58M |
|
|
GES
1740
DELISTED
Guess Inc
GES
| $5.65M | ﹤0.01% |
331,090
-61,220
| -16% | -$1.27M |
|
|
TSP
1741
DELISTED
TuSimple Holdings Inc. Class A Common Stock
TSP
| $5.62M | ﹤0.01% |
776,718
+143,794
| +23% | +$1.31M |
|
|
NPTN
1742
DELISTED
NEOPHOTONICS CORP
NPTN
| $5.61M | ﹤0.01% |
+356,900
| New | +$5.45M |
|
|
DADA
1743
DELISTED
Dada Nexus
DADA
| $5.61M | ﹤0.01% |
691,798
+363,608
| +111% | +$2.79M |
|
1744
Acco Brands
ACCO
$390M
| $5.61M | ﹤0.01% |
859,157
| – | – |
|
1745
TTM Technologies
TTMI
$12B
| $5.6M | ﹤0.01% |
448,325
-180,054
| -29% | -$2.49M |
|
1746
Pacific Biosciences
PACB
$460M
| $5.52M | ﹤0.01% |
1,249,059
-32,908
| -3% | -$200K |
|
1747
BellRing Brands
BRBR
$1.53B
| $5.49M | ﹤0.01% |
220,759
+33,299
| +18% | +$815K |
|
|
SFIX
1748
Stitch Fix
SFIX
$547M
| $5.47M | ﹤0.01% |
1,106,763
+400,654
| +57% | +$3.35M |
|
|
NOAH
1749
Noah Holdings
NOAH
$583M
| $5.44M | ﹤0.01% |
268,932
| – | – |
|
1750
Fomento Económico Mexicano
FMX
$43.2B
| $5.42M | ﹤0.01% |
80,339
| – | – |
|
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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.