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 | |
|---|---|---|---|---|---|---|
1951
Aurinia Pharmaceuticals
AUPH
$1.93B
| $1.15M | ﹤0.01% |
+114,045
| New | +$1.27M |
|
1952
Tootsie Roll Industries
TR
$2.96B
| $1.15M | ﹤0.01% |
36,457
-47,872
| -57% | -$1.45M |
|
1953
Macy's
M
$6.56B
| $1.14M | ﹤0.01% |
62,413
-1,010,671
| -94% | -$22.9M |
|
1954
National Presto Industries
NPK
$871M
| $1.14M | ﹤0.01% |
17,300
-3,562
| -17% | -$253K |
|
|
RUTH
1955
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $1.13M | ﹤0.01% |
+69,600
| New | +$1.34M |
|
1956
The Joint Corp
JYNT
$119M
| $1.08M | ﹤0.01% |
70,500
-25,800
| -27% | -$576K |
|
1957
Relmada Therapeutics
RLMD
$562M
| $1.08M | ﹤0.01% |
+56,700
| New | +$1.24M |
|
1958
ACV Auctions
ACVA
$1.4B
| $1.07M | ﹤0.01% |
+163,400
| New | +$1.68M |
|
|
SI
1959
DELISTED
Silvergate Capital Corporation
SI
| $1.06M | ﹤0.01% |
19,718
-149,843
| -88% | -$14M |
|
1960
Sanmina
SANM
$9.83B
| $1.05M | ﹤0.01% |
25,678
-248,607
| -91% | -$10.3M |
|
1961
MeiraGTx Holdings
MGTX
$1.11B
| $1.03M | ﹤0.01% |
136,157
-643,129
| -83% | -$6.24M |
|
1962
Tactile Systems Technology
TCMD
$636M
| $1.03M | ﹤0.01% |
140,500
-52,400
| -27% | -$664K |
|
|
NVMI
1963
Nova
NVMI
$12.5B
| $1.02M | ﹤0.01% |
+11,816
| New | +$1.18M |
|
|
HSKA
1964
DELISTED
Heska Corp
HSKA
| $1.02M | ﹤0.01% |
+10,800
| New | +$1.17M |
|
1965
Adecoagro
AGRO
$1.47B
| $1.02M | ﹤0.01% |
120,200
-295,300
| -71% | -$3.18M |
|
|
BRFS
1966
DELISTED
BRF SA
BRFS
| $1.01M | ﹤0.01% |
393,370
-300,000
| -43% | -$885K |
|
|
MCW
1967
DELISTED
Mister Car Wash
MCW
| $988K | ﹤0.01% |
90,782
+4,586
| +5% | +$59.7K |
|
|
SHYF
1968
DELISTED
The Shyft Group
SHYF
| $980K | ﹤0.01% |
+52,700
| New | +$1.29M |
|
1969
F5
FFIV
$22.1B
| $970K | ﹤0.01% |
6,339
-19,851
| -76% | -$3.45M |
|
|
HT
1970
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $967K | ﹤0.01% |
+98,600
| New | +$987K |
|
1971
Claros Mortgage Trust
CMTG
$255M
| $955K | ﹤0.01% |
56,996
| – | – |
|
1972
Smartbird Inc
BIRD
$20.3M
| $949K | ﹤0.01% |
12,069
| – | – |
|
|
KC
1973
Kingsoft Cloud Holdings
KC
$3.04B
| $946K | ﹤0.01% |
212,676
| – | – |
|
1974
Regional Management Corp
RM
$297M
| $945K | ﹤0.01% |
+25,300
| New | +$1.12M |
|
1975
Johnson Outdoors
JOUT
$493M
| $924K | ﹤0.01% |
15,100
-3,380
| -18% | -$234K |
|
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.