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 | |
|---|---|---|---|---|---|---|
1851
N-able
NABL
$821M
| $2.97M | ﹤0.01% |
330,504
+206,017
| +165% | +$2.02M |
|
|
TWKS
1852
DELISTED
Thoughtworks Holding, Inc. Common Stock
TWKS
| $2.97M | ﹤0.01% |
210,146
+160,763
| +326% | +$2.78M |
|
|
RFP
1853
DELISTED
Resolute Forest Products Inc.
RFP
| $2.96M | ﹤0.01% |
+231,700
| New | +$3.2M |
|
1854
Costamare
CMRE
$1.87B
| $2.94M | ﹤0.01% |
242,900
+144,600
| +147% | +$2.01M |
|
1855
TFS Financial
TFSL
$5.06B
| $2.85M | ﹤0.01% |
207,307
+21,918
| +12% | +$322K |
|
|
TUYA
1856
Tuya Inc
TUYA
$1.04B
| $2.85M | ﹤0.01% |
1,085,925
| – | – |
|
1857
International Money Express
IMXI
$394M
| $2.79M | ﹤0.01% |
+136,100
| New | +$2.73M |
|
1858
Skywest
SKYW
$4.29B
| $2.75M | ﹤0.01% |
129,617
-94,200
| -42% | -$2.47M |
|
1859
Southern Copper
SCCO
$145B
| $2.66M | ﹤0.01% |
57,710
+35,106
| +155% | +$2.03M |
|
1860
Green Brick Partners
GRBK
$3.03B
| $2.66M | ﹤0.01% |
135,700
| – | – |
|
1861
Dillards
DDS
$9.41B
| $2.63M | ﹤0.01% |
11,943
-16,585
| -58% | -$4.79M |
|
1862
Allegiant Air
ALGT
$2.66B
| $2.62M | ﹤0.01% |
23,140
| – | – |
|
|
WW
1863
DELISTED
WW International
WW
| $2.61M | ﹤0.01% |
407,713
| – | – |
|
1864
Gossamer Bio
GOSS
$87.2M
| $2.59M | ﹤0.01% |
309,300
-415,500
| -57% | -$3.22M |
|
1865
StoneCo
STNE
$2.78B
| $2.58M | ﹤0.01% |
335,015
+245,593
| +275% | +$2.35M |
|
|
NIU
1866
Niu Technologies
NIU
$203M
| $2.58M | ﹤0.01% |
299,540
| – | – |
|
1867
Stoke Therapeutics
STOK
$1.87B
| $2.57M | ﹤0.01% |
194,412
+48,812
| +34% | +$742K |
|
1868
Boot Barn
BOOT
$4.68B
| $2.54M | ﹤0.01% |
+36,932
| New | +$3.16M |
|
|
FIRY
1869
Firy Inc
FIRY
$152M
| $2.54M | ﹤0.01% |
102,572
-18,564
| -15% | -$725K |
|
1870
Endava
DAVA
$153M
| $2.53M | ﹤0.01% |
+28,700
| New | +$3M |
|
|
ETWO
1871
DELISTED
E2open Parent Holdings
ETWO
| $2.53M | ﹤0.01% |
+325,001
| New | +$2.61M |
|
1872
StepStone Group
STEP
$3.59B
| $2.52M | ﹤0.01% |
96,922
| – | – |
|
1873
Celldex Therapeutics
CLDX
$3.02B
| $2.5M | ﹤0.01% |
+92,900
| New | +$2.7M |
|
1874
Strategy Inc
MSTR
$35.7B
| $2.5M | ﹤0.01% |
152,250
-959,140
| -86% | -$27.7M |
|
1875
Duolingo
DUOL
$6.22B
| $2.5M | ﹤0.01% |
28,506
-135,479
| -83% | -$12M |
|
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.