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 C
GOOG
|
+$1.1B |
| 2 |
Apple
AAPL
|
+$1.1B |
| 3 |
Microsoft
MSFT
|
+$819M |
| 4 |
Cigna
CI
|
+$613M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$548M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$506M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$388M |
| 4 |
DRE
Duke Realty Corp.
DRE
|
+$358M |
| 5 |
IBM
IBM
|
+$211M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.98% |
| 2 | Healthcare | 15.12% |
| 3 | Financials | 15.08% |
| 4 | Consumer Discretionary | 10.12% |
| 5 | Industrials | 8.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1801
Myers Industries
MYE
$1.13B
| $4.6M | ﹤0.01% |
207,100
+112,416
| +119% | +$2.34M |
|
1802
Kearny Financial
KRNY
$618M
| $4.6M | ﹤0.01% |
453,097
| – | – |
|
|
BFS
1803
Saul Centers
BFS
$773M
| $4.59M | ﹤0.01% |
112,866
+7,300
| +7% | +$296K |
|
1804
TechTarget
TTGT
$280M
| $4.59M | ﹤0.01% |
104,120
+56,111
| +117% | +$2.94M |
|
|
ESPR
1805
DELISTED
Esperion Therapeutics
ESPR
| $4.58M | ﹤0.01% |
+735,900
| New | +$5.26M |
|
1806
AMC Global Media
AMCX
$502M
| $4.57M | ﹤0.01% |
291,737
+27,700
| +10% | +$548K |
|
1807
CareDx
CDNA
$2.71B
| $4.57M | ﹤0.01% |
400,142
+27,237
| +7% | +$404K |
|
1808
Star Bulk Carriers
SBLK
$3.48B
| $4.54M | ﹤0.01% |
236,138
| – | – |
|
1809
Travere Therapeutics
TVTX
$6.2B
| $4.52M | ﹤0.01% |
215,000
-20,900
| -9% | -$443K |
|
1810
Phillips Edison & Co
PECO
$4.94B
| $4.52M | ﹤0.01% |
142,004
+94,966
| +202% | +$2.92M |
|
|
BASE
1811
DELISTED
Couchbase
BASE
| $4.52M | ﹤0.01% |
+340,500
| New | +$4.41M |
|
1812
Clearway Energy Class C
CWEN
$6.22B
| $4.46M | ﹤0.01% |
140,041
+94,069
| +205% | +$3.17M |
|
1813
FIGS
FIGS
$2.32B
| $4.43M | ﹤0.01% |
658,910
+157,805
| +31% | +$1.13M |
|
1814
Lloyds Banking Group
LYG
$85.2B
| $4.4M | ﹤0.01% |
2,000,000
| – | – |
|
|
SOHU
1815
Sohu.com
SOHU
$356M
| $4.36M | ﹤0.01% |
318,129
-58,384
| -16% | -$864K |
|
1816
UFP Technologies
UFPT
$2.15B
| $4.31M | ﹤0.01% |
36,600
+21,200
| +138% | +$2.26M |
|
1817
8x8 Inc
EGHT
$266M
| $4.31M | ﹤0.01% |
998,691
| – | – |
|
1818
Syndax Pharmaceuticals
SNDX
$1.62B
| $4.3M | ﹤0.01% |
169,100
-19,100
| -10% | -$445K |
|
|
MDRX
1819
DELISTED
Veradigm Inc. Common Stock
MDRX
| $4.25M | ﹤0.01% |
241,005
| – | – |
|
1820
Triumph Financial Inc
TFIN
$1.58B
| $4.25M | ﹤0.01% |
86,932
| – | – |
|
1821
ArcBest
ARCB
$3.03B
| $4.24M | ﹤0.01% |
60,578
+25,853
| +74% | +$2M |
|
1822
iHeartMedia
IHRT
$418M
| $4.17M | ﹤0.01% |
680,533
| – | – |
|
|
SLCA
1823
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $4.17M | ﹤0.01% |
+333,500
| New | +$4.27M |
|
|
FARO
1824
DELISTED
Faro Technologies
FARO
| $4.17M | ﹤0.01% |
141,632
| – | – |
|
1825
Haverty Furniture Companies
HVT
$434M
| $4.14M | ﹤0.01% |
138,500
+25,700
| +23% | +$751K |
|
Similar funds
Norges Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Norges Bank held 2,222 positions worth $415B, up 10% from $376B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Norges Bank deployed $17.2B of net new capital in Q4 2022, opening 133 new positions and adding to 1,177 existing holdings. Its largest new stake was Mobileye: 12,085,900 shares worth $424M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was T-Mobile US, an estimated $548M trimmed.
- Norges Bank's largest Q4 2022 buy was Mobileye: 12,085,900 shares worth $424M.
- Norges Bank added most to Alphabet (Google) Class C in Q4 2022, an estimated $1.1B increase.
- Norges Bank's biggest Q4 2022 reduction was T-Mobile US, cutting an estimated $548M.
- Norges Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $388M.
- Norges Bank's ten largest holdings make up 21% of its $415B portfolio in Q4 2022.
- Norges Bank opened 133 new positions and closed 92 in Q4 2022.
- Norges Bank's portfolio value rose 10% quarter-over-quarter to $415B.
Based on Norges Bank's 13F filing for Q4 2022, filed 14 Feb 2023.