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 | |
|---|---|---|---|---|---|---|
|
CVGW
1801
DELISTED
Calavo Growers
CVGW
| $4.08M | ﹤0.01% |
128,637
| – | – |
|
|
PGTI
1802
DELISTED
PGT, Inc.
PGTI
| $4.05M | ﹤0.01% |
+193,000
| New | +$3.97M |
|
1803
Arcus Biosciences
RCUS
$3.62B
| $4.02M | ﹤0.01% |
153,826
+15,521
| +11% | +$410K |
|
|
SAFE
1804
DELISTED
Safehold Inc.
SAFE
| $4.01M | ﹤0.01% |
151,432
+22,141
| +17% | +$863K |
|
|
DESP
1805
DELISTED
Despegar.com
DESP
| $3.99M | ﹤0.01% |
700,000
+330,782
| +90% | +$2.51M |
|
1806
Sinclair Inc
SBGI
$1.01B
| $3.99M | ﹤0.01% |
220,289
+45,040
| +26% | +$1M |
|
1807
Choice Hotels
CHH
$4.94B
| $3.98M | ﹤0.01% |
+36,336
| New | +$4.17M |
|
1808
Employers Holdings
EIG
$911M
| $3.97M | ﹤0.01% |
115,043
| – | – |
|
|
OPTU
1809
Optimum Communications Inc
OPTU
$343M
| $3.96M | ﹤0.01% |
679,927
| – | – |
|
|
BFS
1810
Saul Centers
BFS
$838M
| $3.96M | ﹤0.01% |
105,566
| – | – |
|
1811
Shoals Technologies Group
SHLS
$1.55B
| $3.94M | ﹤0.01% |
182,778
-389,543
| -68% | -$8.7M |
|
1812
Harley-Davidson
HOG
$2.79B
| $3.9M | ﹤0.01% |
111,882
-552,151
| -83% | -$20.7M |
|
1813
Baidu
BIDU
$38.2B
| $3.9M | ﹤0.01% |
33,153
| – | – |
|
|
FARO
1814
DELISTED
Faro Technologies
FARO
| $3.89M | ﹤0.01% |
141,632
| – | – |
|
1815
Tower Semiconductor
TSEM
$27.1B
| $3.88M | ﹤0.01% |
88,456
-46,464
| -34% | -$2.14M |
|
|
CVAC
1816
DELISTED
CureVac
CVAC
| $3.87M | ﹤0.01% |
490,898
-66,970
| -12% | -$781K |
|
|
AMRS
1817
DELISTED
Amyris Inc.
AMRS
| $3.83M | ﹤0.01% |
1,312,074
+211,500
| +19% | +$577K |
|
|
VNET
1818
VNET Group
VNET
$2.06B
| $3.83M | ﹤0.01% |
695,685
-615,530
| -47% | -$3.24M |
|
1819
Pulmonx
LUNG
$87M
| $3.77M | ﹤0.01% |
226,100
-7,000
| -3% | -$129K |
|
|
LGF.B
1820
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $3.77M | ﹤0.01% |
541,865
-439,067
| -45% | -$3.98M |
|
1821
Clearfield
CLFD
$459M
| $3.68M | ﹤0.01% |
35,200
+22,200
| +171% | +$2.16M |
|
|
MDRX
1822
DELISTED
Veradigm Inc. Common Stock
MDRX
| $3.67M | ﹤0.01% |
241,005
| – | – |
|
1823
Boot Barn
BOOT
$4.94B
| $3.63M | ﹤0.01% |
62,158
+25,226
| +68% | +$1.69M |
|
|
RFP
1824
DELISTED
Resolute Forest Products Inc.
RFP
| $3.61M | ﹤0.01% |
180,500
-51,200
| -22% | -$1.03M |
|
1825
ScottsMiracle-Gro
SMG
$3.86B
| $3.6M | ﹤0.01% |
84,141
-58,359
| -41% | -$4.19M |
|
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.