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 | |
|---|---|---|---|---|---|---|
|
GAP
1851
The Gap Inc
GAP
$7.42B
| $2.89M | ﹤0.01% |
352,237
-245,529
| -41% | -$2.3M |
|
1852
Republic Bancorp
RBCAA
$1.97B
| $2.88M | ﹤0.01% |
75,296
| – | – |
|
|
ALX
1853
Alexander's
ALX
$1.4B
| $2.88M | ﹤0.01% |
13,771
| – | – |
|
1854
TechTarget
TTGT
$317M
| $2.84M | ﹤0.01% |
48,009
+18,689
| +64% | +$1.2M |
|
|
GTHX
1855
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $2.82M | ﹤0.01% |
+225,700
| New | +$2.58M |
|
1856
Haverty Furniture Companies
HVT
$455M
| $2.81M | ﹤0.01% |
+112,800
| New | +$3.06M |
|
1857
MACOM Technology Solutions
MTSI
$20.9B
| $2.81M | ﹤0.01% |
54,182
-94,164
| -63% | -$5.16M |
|
|
ETWO
1858
DELISTED
E2open Parent Holdings
ETWO
| $2.78M | ﹤0.01% |
457,201
+132,200
| +41% | +$926K |
|
|
TGI
1859
DELISTED
Triumph Group
TGI
| $2.74M | ﹤0.01% |
+318,900
| New | +$4.17M |
|
|
SFIX
1860
Stitch Fix
SFIX
$567M
| $2.72M | ﹤0.01% |
688,353
-418,410
| -38% | -$2.38M |
|
1861
Microvast
MVST
$288M
| $2.71M | ﹤0.01% |
1,500,000
| – | – |
|
1862
Fluence Energy
FLNC
$2.08B
| $2.71M | ﹤0.01% |
185,643
| – | – |
|
1863
TFS Financial
TFSL
$5.22B
| $2.69M | ﹤0.01% |
207,307
| – | – |
|
|
MAXR
1864
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $2.69M | ﹤0.01% |
143,642
+23,234
| +19% | +$570K |
|
1865
Napco Security Technologies
NSSC
$1.44B
| $2.66M | ﹤0.01% |
+91,400
| New | +$2.44M |
|
|
YSG
1866
Yatsen Holding
YSG
$280M
| $2.64M | ﹤0.01% |
484,982
+97,143
| +25% | +$637K |
|
1867
Telkom Indonesia
TLK
$15.1B
| $2.63M | ﹤0.01% |
+91,000
| New | +$2.66M |
|
1868
Liberty Latin America Class A
LILA
$1.69B
| $2.63M | ﹤0.01% |
624,281
| – | – |
|
1869
Quanex
NX
$959M
| $2.61M | ﹤0.01% |
143,591
+78,100
| +119% | +$1.77M |
|
|
NSTG
1870
DELISTED
NanoString Technologies, Inc.
NSTG
| $2.6M | ﹤0.01% |
203,726
-151,200
| -43% | -$2.1M |
|
1871
Caribou Biosciences
CRBU
$156M
| $2.6M | ﹤0.01% |
+246,500
| New | +$2.3M |
|
|
TWKS
1872
DELISTED
Thoughtworks Holding, Inc. Common Stock
TWKS
| $2.6M | ﹤0.01% |
247,746
+37,600
| +18% | +$530K |
|
1873
Magnachip Semiconductor
MX
$134M
| $2.55M | ﹤0.01% |
249,300
-17,300
| -6% | -$227K |
|
1874
Enviri
NVRI
$671M
| $2.54M | ﹤0.01% |
680,417
| – | – |
|
1875
Buckle
BKE
$2.35B
| $2.54M | ﹤0.01% |
80,357
-34,025
| -30% | -$1.07M |
|
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.