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 | |
|---|---|---|---|---|---|---|
1876
ArcBest
ARCB
$3.23B
| $2.53M | ﹤0.01% |
34,725
| – | – |
|
1877
BancFirst
BANF
$3.85B
| $2.52M | ﹤0.01% |
28,205
-169,769
| -86% | -$17.4M |
|
1878
Stoke Therapeutics
STOK
$1.97B
| $2.5M | ﹤0.01% |
194,412
| – | – |
|
1879
NOV
NOV
$7.13B
| $2.46M | ﹤0.01% |
151,787
-937,878
| -86% | -$15.8M |
|
1880
Cardlytics
CDLX
$23.3M
| $2.45M | ﹤0.01% |
26,097
| – | – |
|
|
CYBE
1881
DELISTED
Cyberoptics Corp
CYBE
| $2.45M | ﹤0.01% |
45,500
+400
| +0.9% | +$18.7K |
|
|
SI
1882
DELISTED
Silvergate Capital Corporation
SI
| $2.44M | ﹤0.01% |
32,334
+12,616
| +64% | +$1.07M |
|
1883
Standard Motor Products
SMP
$915M
| $2.42M | ﹤0.01% |
+74,400
| New | +$2.96M |
|
|
NVMI
1884
Nova
NVMI
$13.2B
| $2.37M | ﹤0.01% |
27,466
+15,650
| +132% | +$1.54M |
|
|
AAN
1885
DELISTED
The Aaron's Company Inc
AAN
| $2.37M | ﹤0.01% |
244,122
| – | – |
|
1886
Kennametal
KMT
$2.75B
| $2.36M | ﹤0.01% |
114,839
-216,163
| -65% | -$5.24M |
|
1887
Endava
DAVA
$163M
| $2.31M | ﹤0.01% |
28,700
| – | – |
|
|
NVEI
1888
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $2.31M | ﹤0.01% |
+85,730
| New | +$2.8M |
|
1889
Unitil
UTL
$964M
| $2.3M | ﹤0.01% |
+49,500
| New | +$2.68M |
|
1890
TAL Education Group
TAL
$6.65B
| $2.29M | ﹤0.01% |
+463,829
| New | +$2.3M |
|
1891
Century Aluminum
CENX
$4.66B
| $2.27M | ﹤0.01% |
430,193
| – | – |
|
1892
XPEL
XPEL
$1.27B
| $2.27M | ﹤0.01% |
+35,200
| New | +$2.29M |
|
|
NXRT
1893
NexPoint Residential Trust
NXRT
$623M
| $2.26M | ﹤0.01% |
48,900
+10,300
| +27% | +$594K |
|
|
KNBE
1894
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
| $2.26M | ﹤0.01% |
108,412
| – | – |
|
1895
Pool Corp
POOL
$7.39B
| $2.24M | ﹤0.01% |
+7,055
| New | +$2.52M |
|
1896
Coeur Mining
CDE
$16.7B
| $2.23M | ﹤0.01% |
652,719
-1,509,600
| -70% | -$4.48M |
|
|
BAND
1897
Bandwidth Inc
BAND
$1.49B
| $2.23M | ﹤0.01% |
187,318
| – | – |
|
1898
La-Z-Boy
LZB
$1.67B
| $2.22M | ﹤0.01% |
98,489
-214,409
| -69% | -$5.69M |
|
|
CLDT
1899
Chatham Lodging
CLDT
$629M
| $2.15M | ﹤0.01% |
+218,000
| New | +$2.62M |
|
1900
StepStone Group
STEP
$4B
| $2.15M | ﹤0.01% |
87,741
-9,181
| -9% | -$250K |
|
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.