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 | |
|---|---|---|---|---|---|---|
1901
Pentair
PNR
$10.6B
| $1.93M | ﹤0.01% |
42,142
-1,554,643
| -97% | -$77.8M |
|
|
VRTV
1902
DELISTED
VERITIV CORPORATION
VRTV
| $1.93M | ﹤0.01% |
17,752
| – | – |
|
1903
TechTarget
TTGT
$325M
| $1.93M | ﹤0.01% |
+29,320
| New | +$2.04M |
|
1904
Riot Platforms
RIOT
$8.36B
| $1.91M | ﹤0.01% |
455,476
-84,501
| -16% | -$784K |
|
|
MIC
1905
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $1.89M | ﹤0.01% |
483,900
-337,000
| -41% | -$1.27M |
|
|
EDR
1906
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $1.81M | ﹤0.01% |
88,100
-413,100
| -82% | -$9.37M |
|
|
BIG
1907
DELISTED
Big Lots, Inc.
BIG
| $1.79M | ﹤0.01% |
85,551
+18,661
| +28% | +$549K |
|
|
SEI
1908
Solaris Energy Infrastructure
SEI
$3.14B
| $1.78M | ﹤0.01% |
164,024
+41,824
| +34% | +$503K |
|
|
HCCI
1909
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $1.78M | ﹤0.01% |
+66,100
| New | +$1.8M |
|
1910
Fluence Energy
FLNC
$1.79B
| $1.76M | ﹤0.01% |
185,643
-287,557
| -61% | -$2.8M |
|
1911
TIM SA
TIMB
$9.13B
| $1.74M | ﹤0.01% |
143,513
-350,000
| -71% | -$4.78M |
|
1912
Ivanhoe Electric
IE
$1.48B
| $1.74M | ﹤0.01% |
+200,000
| New | +$1.95M |
|
1913
Urban Outfitters
URBN
$6.49B
| $1.73M | ﹤0.01% |
92,503
-244,688
| -73% | -$5.55M |
|
1914
Philips
PHG
$25.8B
| $1.72M | ﹤0.01% |
93,148
-3,410
| -4% | -$73.5K |
|
|
MRUS
1915
DELISTED
Merus
MRUS
| $1.7M | ﹤0.01% |
75,000
| – | – |
|
|
KNBE
1916
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
| $1.69M | ﹤0.01% |
108,412
-27,098
| -20% | -$530K |
|
|
VNTR
1917
DELISTED
Venator Materials PLC
VNTR
| $1.69M | ﹤0.01% |
814,125
-782,941
| -49% | -$1.6M |
|
|
AVYA
1918
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $1.67M | ﹤0.01% |
747,402
+161,400
| +28% | +$1.15M |
|
1919
SelectQuote
SLQT
$128M
| $1.66M | ﹤0.01% |
670,446
+364,963
| +119% | +$936K |
|
|
INST
1920
DELISTED
Instructure Holdings, Inc.
INST
| $1.65M | ﹤0.01% |
72,862
| – | – |
|
1921
Montauk Renewables
MNTK
$260M
| $1.63M | ﹤0.01% |
+161,700
| New | +$1.93M |
|
1922
Sana Biotechnology
SANA
$904M
| $1.61M | ﹤0.01% |
249,621
+220,751
| +765% | +$1.41M |
|
1923
Replimune Group
REPL
$455M
| $1.6M | ﹤0.01% |
91,300
-510,145
| -85% | -$8.38M |
|
1924
Nu Holdings
NU
$70B
| $1.59M | ﹤0.01% |
425,000
| – | – |
|
|
CYBE
1925
DELISTED
Cyberoptics Corp
CYBE
| $1.58M | ﹤0.01% |
45,100
+37,200
| +471% | +$1.52M |
|
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.