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 | |
|---|---|---|---|---|---|---|
1751
Veracyte
VCYT
$3.61B
| $5.21M | ﹤0.01% |
313,705
-159,094
| -34% | -$3.58M |
|
|
BRSP
1752
BrightSpire Capital
BRSP
$649M
| $5.19M | ﹤0.01% |
823,069
| – | – |
|
1753
AbCellera Biologics
ABCL
$1.86B
| $5.17M | ﹤0.01% |
522,410
+237,041
| +83% | +$2.6M |
|
|
PRA
1754
DELISTED
ProAssurance
PRA
| $5.16M | ﹤0.01% |
264,698
| – | – |
|
|
ATSG
1755
DELISTED
Air Transport Services Group
ATSG
| $5.16M | ﹤0.01% |
+214,048
| New | +$6.22M |
|
1756
Community Trust Bancorp
CTBI
$1.43B
| $5.12M | ﹤0.01% |
126,322
| – | – |
|
1757
Rocket Pharmaceuticals
RCKT
$376M
| $5.12M | ﹤0.01% |
320,773
| – | – |
|
|
LKFT
1758
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.75B
| $5.12M | ﹤0.01% |
120,000
| – | – |
|
1759
Camping World
CWH
$694M
| $5.1M | ﹤0.01% |
201,597
| – | – |
|
1760
Stem
STEM
$50.3M
| $5.1M | ﹤0.01% |
+19,106
| New | +$4.89M |
|
1761
Brady Corp
BRC
$4.52B
| $5.08M | ﹤0.01% |
+121,676
| New | +$5.61M |
|
1762
Core Laboratories
CLB
$491M
| $5.05M | ﹤0.01% |
374,595
| – | – |
|
1763
Inogen
INGN
$182M
| $5.05M | ﹤0.01% |
207,796
| – | – |
|
|
FSR
1764
DELISTED
Fisker Inc.
FSR
| $5.04M | ﹤0.01% |
667,147
-107,758
| -14% | -$972K |
|
1765
Zentalis Pharmaceuticals
ZNTL
$331M
| $5.02M | ﹤0.01% |
231,988
-100,056
| -30% | -$2.74M |
|
|
RETA
1766
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $4.99M | ﹤0.01% |
198,730
| – | – |
|
1767
iHeartMedia
IHRT
$602M
| $4.99M | ﹤0.01% |
680,533
+32,588
| +5% | +$282K |
|
|
MZTI
1768
The Marzetti Company
MZTI
$3.02B
| $4.94M | ﹤0.01% |
32,849
-40,594
| -55% | -$6.02M |
|
1769
CRH
CRH
$65.6B
| $4.92M | ﹤0.01% |
+152,800
| New | +$5.56M |
|
1770
Dick's Sporting Goods
DKS
$18B
| $4.85M | ﹤0.01% |
46,364
-233,690
| -83% | -$23.8M |
|
1771
E.W. Scripps
SSP
$258M
| $4.83M | ﹤0.01% |
429,006
-65,100
| -13% | -$922K |
|
1772
Kymera Therapeutics
KYMR
$8.59B
| $4.83M | ﹤0.01% |
222,017
-16,400
| -7% | -$432K |
|
1773
Credicorp
BAP
$31.4B
| $4.83M | ﹤0.01% |
39,303
-34,191
| -47% | -$4.38M |
|
1774
Heartland Express
HTLD
$949M
| $4.82M | ﹤0.01% |
337,103
| – | – |
|
1775
Kearny Financial
KRNY
$613M
| $4.81M | ﹤0.01% |
453,097
| – | – |
|
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.