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 | |
|---|---|---|---|---|---|---|
1926
Energy Recovery
ERII
$435M
| $1.57M | ﹤0.01% |
+80,800
| New | +$1.57M |
|
1927
Quanex
NX
$818M
| $1.49M | ﹤0.01% |
65,491
-38,100
| -37% | -$795K |
|
1928
Asana
ASAN
$1.83B
| $1.48M | ﹤0.01% |
84,203
-355,194
| -81% | -$8.94M |
|
1929
Vertex
VERX
$2.04B
| $1.45M | ﹤0.01% |
128,065
-17,600
| -12% | -$223K |
|
1930
American Well
AMWL
$181M
| $1.44M | ﹤0.01% |
16,704
-7,227
| -30% | -$539K |
|
|
AD
1931
Array Digital Infrastructure
AD
$3.02B
| $1.42M | ﹤0.01% |
49,032
-78,935
| -62% | -$2.37M |
|
1932
Vericel Corp
VCEL
$2.43B
| $1.41M | ﹤0.01% |
56,030
-1,029
| -2% | -$30.4K |
|
1933
Franklin Covey
FC
$243M
| $1.41M | ﹤0.01% |
+30,500
| New | +$1.21M |
|
|
NXGN
1934
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.39M | ﹤0.01% |
79,593
-16,006
| -17% | -$305K |
|
|
CNVY
1935
DELISTED
Convey Health Solutions Holdings, Inc.
CNVY
| $1.38M | ﹤0.01% |
132,692
| – | – |
|
|
ISO
1936
DELISTED
IsoPlexis Corporation Common Stock
ISO
| $1.36M | ﹤0.01% |
629,000
| – | – |
|
1937
Dole
DOLE
$1.36B
| $1.36M | ﹤0.01% |
160,506
| – | – |
|
1938
Ranpak Holdings
PACK
$442M
| $1.33M | ﹤0.01% |
+189,894
| New | +$2.45M |
|
|
AHT
1939
Ashford Hospitality Trust
AHT
$20.9M
| $1.32M | ﹤0.01% |
+22,000
| New | +$1.48M |
|
1940
Arcutis Biotherapeutics
ARQT
$3.5B
| $1.3M | ﹤0.01% |
61,116
| – | – |
|
1941
Atlanta Braves Holdings Series A
BATRA
$3.49B
| $1.27M | ﹤0.01% |
50,555
-19,794
| -28% | -$521K |
|
1942
Dropbox
DBX
$7.49B
| $1.27M | ﹤0.01% |
60,412
-359,044
| -86% | -$7.77M |
|
1943
Anika Therapeutics
ANIK
$242M
| $1.27M | ﹤0.01% |
56,700
| – | – |
|
1944
Clearwater Paper
CLW
$341M
| $1.26M | ﹤0.01% |
+37,401
| New | +$1.17M |
|
1945
Remitly
RELY
$4.94B
| $1.25M | ﹤0.01% |
+163,600
| New | +$1.62M |
|
1946
Alphatec Holdings
ATEC
$1.49B
| $1.24M | ﹤0.01% |
+189,500
| New | +$1.75M |
|
1947
AMC Entertainment Holdings
AMC
$2.47B
| $1.21M | ﹤0.01% |
8,937
+7,182
| +409% | +$1.05M |
|
|
CHUY
1948
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $1.2M | ﹤0.01% |
60,300
+43,700
| +263% | +$1M |
|
|
PLL
1949
DELISTED
Piedmont Lithium
PLL
| $1.2M | ﹤0.01% |
32,979
+6,850
| +26% | +$405K |
|
|
ZEUS
1950
DELISTED
Olympic Steel
ZEUS
| $1.16M | ﹤0.01% |
+45,200
| New | +$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.