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 | |
|---|---|---|---|---|---|---|
1776
Microvision
MVIS
$85.7M
| $4.91M | ﹤0.01% |
1,277,394
+90,851
| +8% | +$325K |
|
1777
Enviri
NVRI
$624M
| $4.84M | ﹤0.01% |
680,417
| – | – |
|
1778
Fulgent Genetics
FLGT
$574M
| $4.82M | ﹤0.01% |
88,392
-45,107
| -34% | -$2.48M |
|
1779
Employers Holdings
EIG
$941M
| $4.82M | ﹤0.01% |
115,043
-50,596
| -31% | -$2.07M |
|
1780
8x8 Inc
EGHT
$262M
| $4.72M | ﹤0.01% |
915,704
-459,245
| -33% | -$3.84M |
|
|
CWAN
1781
DELISTED
Clearwater Analytics
CWAN
| $4.71M | ﹤0.01% |
391,287
| – | – |
|
|
NP
1782
DELISTED
Neenah, Inc. Common Stock
NP
| $4.71M | ﹤0.01% |
137,968
-13,412
| -9% | -$502K |
|
1783
Kymera Therapeutics
KYMR
$8.8B
| $4.69M | ﹤0.01% |
238,417
+99,726
| +72% | +$2.33M |
|
1784
Heartland Express
HTLD
$986M
| $4.69M | ﹤0.01% |
337,103
-187,900
| -36% | -$2.6M |
|
1785
Artisan Partners
APAM
$2.82B
| $4.65M | ﹤0.01% |
130,714
-103,616
| -44% | -$3.77M |
|
|
ACCD
1786
DELISTED
Accolade Inc
ACCD
| $4.63M | ﹤0.01% |
625,387
+312,404
| +100% | +$2.73M |
|
1787
HEICO Corp
HEI
$49.5B
| $4.62M | ﹤0.01% |
35,241
-399,282
| -92% | -$56.3M |
|
1788
NETGEAR
NTGR
$616M
| $4.61M | ﹤0.01% |
248,922
| – | – |
|
|
SAFE
1789
DELISTED
Safehold Inc.
SAFE
| $4.57M | ﹤0.01% |
129,291
-45,744
| -26% | -$1.99M |
|
|
SNBR
1790
DELISTED
Sleep Number
SNBR
| $4.55M | ﹤0.01% |
147,164
-83,517
| -36% | -$3.55M |
|
|
ENFN
1791
DELISTED
Enfusion, Inc.
ENFN
| $4.55M | ﹤0.01% |
445,652
| – | – |
|
1792
TG Therapeutics
TGTX
$8.19B
| $4.53M | ﹤0.01% |
1,066,599
+51,177
| +5% | +$320K |
|
|
SWI
1793
DELISTED
SolarWinds Corporation Common Stock
SWI
| $4.52M | ﹤0.01% |
441,152
+110,735
| +34% | +$1.31M |
|
|
NSTG
1794
DELISTED
NanoString Technologies, Inc.
NSTG
| $4.51M | ﹤0.01% |
354,926
| – | – |
|
|
PINC
1795
DELISTED
Premier
PINC
| $4.43M | ﹤0.01% |
124,245
-272,878
| -69% | -$9.98M |
|
1796
Rocket Pharmaceuticals
RCKT
$351M
| $4.41M | ﹤0.01% |
320,773
-7,800
| -2% | -$93K |
|
|
FARO
1797
DELISTED
Faro Technologies
FARO
| $4.37M | ﹤0.01% |
141,632
| – | – |
|
|
DM
1798
DELISTED
Desktop Metal, Inc.
DM
| $4.37M | ﹤0.01% |
198,467
+63,615
| +47% | +$1.86M |
|
1799
Camping World
CWH
$400M
| $4.35M | ﹤0.01% |
201,597
| – | – |
|
|
TBI
1800
Trueblue
TBI
$222M
| $4.34M | ﹤0.01% |
242,345
+36,491
| +18% | +$856K |
|
Similar funds
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.