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 | |
|---|---|---|---|---|---|---|
|
ECHO
1726
EchoStar
ECHO
$25.6B
| $5.59M | ﹤0.01% |
339,348
-13,171
| -4% | -$246K |
|
|
DM
1727
DELISTED
Desktop Metal, Inc.
DM
| $5.59M | ﹤0.01% |
215,698
+17,231
| +9% | +$482K |
|
1728
Columbia Financial
CLBK
$1.12B
| $5.55M | ﹤0.01% |
262,650
| – | – |
|
1729
Atmos Energy
ATO
$28.8B
| $5.55M | ﹤0.01% |
54,449
+22,957
| +73% | +$2.63M |
|
1730
Theravance Biopharma
TBPH
$875M
| $5.53M | ﹤0.01% |
545,427
| – | – |
|
1731
Deluxe
DLX
$1.22B
| $5.51M | ﹤0.01% |
330,706
-66,170
| -17% | -$1.39M |
|
1732
Century Communities
CCS
$2.01B
| $5.5M | ﹤0.01% |
128,659
+11,574
| +10% | +$560K |
|
|
ENFN
1733
DELISTED
Enfusion, Inc.
ENFN
| $5.5M | ﹤0.01% |
445,652
| – | – |
|
1734
Liberty Energy
LBRT
$3.15B
| $5.5M | ﹤0.01% |
+433,666
| New | +$5.86M |
|
1735
Matthews International
MATW
$848M
| $5.49M | ﹤0.01% |
245,065
| – | – |
|
1736
Avnet
AVT
$7.4B
| $5.47M | ﹤0.01% |
151,336
-730,896
| -83% | -$31.4M |
|
1737
Kornit Digital
KRNT
$780M
| $5.43M | ﹤0.01% |
204,071
-186,745
| -48% | -$5.37M |
|
1738
Nektar Therapeutics
NKTR
$2.48B
| $5.43M | ﹤0.01% |
113,123
| – | – |
|
1739
Jack Henry & Associates
JKHY
$11.1B
| $5.42M | ﹤0.01% |
29,735
+11,744
| +65% | +$2.3M |
|
1740
B&G Foods
BGS
$284M
| $5.41M | ﹤0.01% |
328,145
+23,786
| +8% | +$528K |
|
|
RYZ
1741
Ryerson Holding Corp
RYZ
$1.43B
| $5.39M | ﹤0.01% |
+209,300
| New | +$5.57M |
|
1742
1st Source
SRCE
$2.18B
| $5.37M | ﹤0.01% |
116,087
| – | – |
|
|
VMEO
1743
DELISTED
Vimeo
VMEO
| $5.37M | ﹤0.01% |
1,342,167
| – | – |
|
1744
AMC Global Media
AMCX
$522M
| $5.36M | ﹤0.01% |
264,037
| – | – |
|
1745
SiteOne Landscape Supply
SITE
$4.41B
| $5.3M | ﹤0.01% |
50,879
-407,421
| -89% | -$51M |
|
|
DMC
1746
Del Monte Corp
DMC
$1.41B
| $5.29M | ﹤0.01% |
227,495
+17,716
| +8% | +$494K |
|
|
RDFN
1747
DELISTED
Redfin
RDFN
| $5.28M | ﹤0.01% |
903,688
+55,803
| +7% | +$496K |
|
1748
IAMGOLD
IAG
$9.29B
| $5.24M | ﹤0.01% |
4,881,363
| – | – |
|
1749
C3.ai
AI
$1.54B
| $5.23M | ﹤0.01% |
418,176
| – | – |
|
1750
LGI Homes
LGIH
$1.4B
| $5.21M | ﹤0.01% |
64,013
-20,151
| -24% | -$1.97M |
|
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.