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 | |
|---|---|---|---|---|---|---|
1901
Prothena Corp
PRTA
$444M
| $2.15M | ﹤0.01% |
35,400
-41,400
| -54% | -$1.31M |
|
1902
LivePerson
LPSN
$27M
| $2.13M | ﹤0.01% |
15,086
-12,675
| -46% | -$2.43M |
|
1903
System1
SST
$16.5M
| $2.13M | ﹤0.01% |
+33,853
| New | +$2.95M |
|
|
BNT
1904
Brookfield Wealth Solutions
BNT
$12.3B
| $2.11M | ﹤0.01% |
77,496
| – | – |
|
1905
Skywest
SKYW
$4.56B
| $2.11M | ﹤0.01% |
129,617
| – | – |
|
|
ACCD
1906
DELISTED
Accolade Inc
ACCD
| $2.11M | ﹤0.01% |
184,501
-440,886
| -70% | -$4.81M |
|
1907
Crocs
CROX
$6.77B
| $2.09M | ﹤0.01% |
+30,446
| New | +$2.11M |
|
|
CERE
1908
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $2.09M | ﹤0.01% |
+73,843
| New | +$2.2M |
|
1909
F5
FFIV
$23.4B
| $2.08M | ﹤0.01% |
14,406
+8,067
| +127% | +$1.28M |
|
1910
Fulgent Genetics
FLGT
$527M
| $2.08M | ﹤0.01% |
54,687
-33,705
| -38% | -$1.69M |
|
|
BBBY
1911
DELISTED
Bed Bath & Beyond Inc
BBBY
| $2.05M | ﹤0.01% |
337,374
-923,770
| -73% | -$7.52M |
|
1912
Relmada Therapeutics
RLMD
$574M
| $2.03M | ﹤0.01% |
54,900
-1,800
| -3% | -$49.9K |
|
1913
Ardagh Metal Packaging
AMBP
$2.96B
| $2.01M | ﹤0.01% |
+415,801
| New | +$2.53M |
|
1914
John B. Sanfilippo & Son
JBSS
$986M
| $1.98M | ﹤0.01% |
+26,100
| New | +$1.97M |
|
1915
Ivanhoe Electric
IE
$1.66B
| $1.97M | ﹤0.01% |
238,885
+38,885
| +19% | +$355K |
|
1916
LendingTree
TREE
$474M
| $1.96M | ﹤0.01% |
82,007
| – | – |
|
|
OCFT
1917
DELISTED
OneConnect Financial Technology
OCFT
| $1.95M | ﹤0.01% |
270,476
+72,365
| +37% | +$951K |
|
1918
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $1.91M | ﹤0.01% |
430,000
| – | – |
|
1919
Paysafe
PSFE
$405M
| $1.88M | ﹤0.01% |
+113,525
| New | +$2.54M |
|
1920
Compass
COMP
$8.97B
| $1.87M | ﹤0.01% |
+806,500
| New | +$2.86M |
|
1921
Nu Holdings
NU
$69.2B
| $1.87M | ﹤0.01% |
425,000
| – | – |
|
1922
Liberty Broadband Class A
LBRDA
$5.17B
| $1.87M | ﹤0.01% |
25,051
-1,022,087
| -98% | -$108M |
|
1923
Grupo Cibest SA
CIB
$21.4B
| $1.83M | ﹤0.01% |
+75,000
| New | +$2.16M |
|
|
TARO
1924
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $1.82M | ﹤0.01% |
60,790
| – | – |
|
1925
Federated Hermes
FHI
$4.85B
| $1.8M | ﹤0.01% |
54,401
-600,290
| -92% | -$20.5M |
|
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.