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 | |
|---|---|---|---|---|---|---|
|
BAND
1826
Bandwidth Inc
BAND
$1.25B
| $3.53M | ﹤0.01% |
187,318
-103,919
| -36% | -$2.4M |
|
1827
Arcus Biosciences
RCUS
$3.55B
| $3.5M | ﹤0.01% |
+138,305
| New | +$3.39M |
|
1828
Cosan
CSAN
$3.12B
| $3.5M | ﹤0.01% |
251,894
-646,460
| -72% | -$10.7M |
|
1829
Pulmonx
LUNG
$68M
| $3.43M | ﹤0.01% |
+233,100
| New | +$4.8M |
|
1830
Omnicom Group
OMC
$21.8B
| $3.42M | ﹤0.01% |
53,786
-137,808
| -72% | -$10.2M |
|
|
OCFT
1831
DELISTED
OneConnect Financial Technology
OCFT
| $3.39M | ﹤0.01% |
198,111
+76,444
| +63% | +$1.08M |
|
1832
Microvast
MVST
$267M
| $3.33M | ﹤0.01% |
1,500,000
-500,000
| -25% | -$2.15M |
|
1833
Liberty Latin America Class A
LILA
$1.63B
| $3.31M | ﹤0.01% |
624,281
+68,978
| +12% | +$430K |
|
1834
Shift4
FOUR
$4.26B
| $3.3M | ﹤0.01% |
99,832
+80,600
| +419% | +$3.8M |
|
|
LOGC
1835
DELISTED
ContextLogic
LOGC
| $3.3M | ﹤0.01% |
68,735
+57,006
| +486% | +$3.09M |
|
1836
Jack Henry & Associates
JKHY
$11B
| $3.24M | ﹤0.01% |
17,991
-127,686
| -88% | -$23.9M |
|
1837
Sabesp
SBS
$19.2B
| $3.24M | ﹤0.01% |
2,090,176
-1,759,405
| -46% | -$3.17M |
|
1838
Century Aluminum
CENX
$4.44B
| $3.17M | ﹤0.01% |
430,193
-363,540
| -46% | -$5.65M |
|
1839
Buckle
BKE
$2.27B
| $3.17M | ﹤0.01% |
114,382
-10,593
| -8% | -$332K |
|
|
MAXR
1840
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $3.14M | ﹤0.01% |
120,408
-163,428
| -58% | -$5.08M |
|
|
AGR
1841
DELISTED
Avangrid, Inc.
AGR
| $3.12M | ﹤0.01% |
67,733
+17,336
| +34% | +$804K |
|
1842
Vodafone
VOD
$37.2B
| $3.12M | ﹤0.01% |
+200,000
| New | +$3.19M |
|
1843
Health Catalyst
HCAT
$154M
| $3.07M | ﹤0.01% |
+211,600
| New | +$3.61M |
|
|
ALX
1844
Alexander's
ALX
$1.36B
| $3.06M | ﹤0.01% |
13,771
| – | – |
|
1845
AbCellera Biologics
ABCL
$1.74B
| $3.04M | ﹤0.01% |
285,369
| – | – |
|
|
ZIMV
1846
DELISTED
ZimVie
ZIMV
| $3.04M | ﹤0.01% |
189,822
-12,147
| -6% | -$268K |
|
|
CD
1847
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $3.03M | ﹤0.01% |
390,000
| – | – |
|
|
GTYH
1848
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
| $3.03M | ﹤0.01% |
+483,400
| New | +$2.47M |
|
|
YSG
1849
Yatsen Holding
YSG
$326M
| $3.01M | ﹤0.01% |
387,839
+260,000
| +203% | +$884K |
|
|
DESP
1850
DELISTED
Despegar.com
DESP
| $2.99M | ﹤0.01% |
369,218
+311,318
| +538% | +$3M |
|
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.