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 | |
|---|---|---|---|---|---|---|
1776
Super Micro Computer
SMCI
$20.5B
| $4.8M | ﹤0.01% |
872,140
+662,140
| +315% | +$3.77M |
|
1777
Helmerich & Payne
HP
$3.41B
| $4.76M | ﹤0.01% |
128,713
-88,266
| -41% | -$3.71M |
|
1778
Triumph Financial Inc
TFIN
$1.83B
| $4.72M | ﹤0.01% |
86,932
+7,399
| +9% | +$487K |
|
1779
Sotera Health
SHC
$5.13B
| $4.7M | ﹤0.01% |
689,270
+307,116
| +80% | +$5.11M |
|
1780
BlackLine
BL
$1.92B
| $4.69M | ﹤0.01% |
+78,296
| New | +$5.25M |
|
|
UHT
1781
Universal Health Realty Income Trust
UHT
$592M
| $4.64M | ﹤0.01% |
107,458
| – | – |
|
1782
RLX Technology
RLX
$2.43B
| $4.63M | ﹤0.01% |
4,407,827
-2,000,000
| -31% | -$3.06M |
|
1783
Vodafone
VOD
$36.3B
| $4.62M | ﹤0.01% |
408,000
+208,000
| +104% | +$2.9M |
|
1784
Microvision
MVIS
$85.2M
| $4.61M | ﹤0.01% |
85,160
| – | – |
|
|
SRNE
1785
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $4.56M | ﹤0.01% |
2,901,483
| – | – |
|
|
SCS
1786
DELISTED
Steelcase
SCS
| $4.53M | ﹤0.01% |
695,398
+91,700
| +15% | +$979K |
|
1787
ProPetro Holding
PUMP
$1.37B
| $4.53M | ﹤0.01% |
+563,100
| New | +$5.03M |
|
1788
Syndax Pharmaceuticals
SNDX
$1.69B
| $4.52M | ﹤0.01% |
+188,200
| New | +$4.22M |
|
|
CDMO
1789
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $4.49M | ﹤0.01% |
234,800
-34,600
| -13% | -$630K |
|
1790
Editas Medicine
EDIT
$407M
| $4.48M | ﹤0.01% |
366,338
| – | – |
|
1791
Whirlpool
WHR
$2.54B
| $4.43M | ﹤0.01% |
32,858
-5,082
| -13% | -$809K |
|
|
INN
1792
Summit Hotel Properties
INN
$749M
| $4.42M | ﹤0.01% |
658,340
-245,000
| -27% | -$1.92M |
|
|
ARR
1793
Armour Residential REIT
ARR
$2.33B
| $4.42M | ﹤0.01% |
181,475
+14,327
| +9% | +$502K |
|
1794
Carnival Corporation Ltd
CCL
$40.5B
| $4.4M | ﹤0.01% |
626,451
-1,821,444
| -74% | -$17.6M |
|
|
RUTH
1795
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $4.36M | ﹤0.01% |
258,600
+189,000
| +272% | +$3.35M |
|
|
GES
1796
DELISTED
Guess Inc
GES
| $4.32M | ﹤0.01% |
294,225
-36,865
| -11% | -$659K |
|
1797
Acco Brands
ACCO
$399M
| $4.21M | ﹤0.01% |
859,157
| – | – |
|
1798
Abercrombie & Fitch
ANF
$4.84B
| $4.15M | ﹤0.01% |
266,835
-44,060
| -14% | -$760K |
|
1799
FIGS
FIGS
$1.82B
| $4.13M | ﹤0.01% |
501,105
-381,777
| -43% | -$4.06M |
|
1800
Star Bulk Carriers
SBLK
$3.2B
| $4.13M | ﹤0.01% |
+236,138
| New | +$5.39M |
|
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.