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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
-3.87%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$376B
AUM Growth
-$10.7B
Cap. Flow
+$10.8B
Cap. Flow %
2.88%
Top 10 Hldgs %
23.71%
Holding
2,179
New
127
Increased
1,072
Reduced
569
Closed
90

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.03B
2
AAPL icon
Apple
AAPL
+$741M
3
MSFT icon
Microsoft
MSFT
+$710M
4
TSLA icon
Tesla
TSLA
+$495M
5
AMGN icon
Amgen
AMGN
+$474M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$915M
2
CI icon
Cigna
CI
+$517M
3
UBS icon
UBS Group
UBS
+$413M
4
MS icon
Morgan Stanley
MS
+$300M
5
AZN icon
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
AHT
1951
Ashford Hospitality Trust
AHT
$20.7M
$1.5M ﹤0.01%
22,000
– –
SANA icon
1952
Sana Biotechnology
SANA
$946M
$1.5M ﹤0.01%
249,621
– –
BF.A icon
1953
Brown-Forman Class A
BF.A
$13.2B
$1.49M ﹤0.01%
22,036
-55,822
-72% -$4M
ZIMV
1954
DELISTED
ZimVie
ZIMV
$1.47M ﹤0.01%
148,937
-40,885
-22% -$660K
CWEN icon
1955
Clearway Energy Class C
CWEN
$4.94B
$1.46M ﹤0.01%
45,972
+23,079
+101% +$850K
DADA
1956
DELISTED
Dada Nexus
DADA
$1.46M ﹤0.01%
308,950
-382,848
-55% -$2.53M
KRUS icon
1957
Kura Sushi USA
KRUS
$588M
$1.45M ﹤0.01%
+19,700
New +$1.52M
TBI
1958
Trueblue
TBI
$234M
$1.45M ﹤0.01%
75,945
-166,400
-69% -$3.37M
IIIN icon
1959
Insteel Industries
IIIN
$638M
$1.45M ﹤0.01%
54,600
-9,400
-15% -$291K
MCW
1960
DELISTED
Mister Car Wash
MCW
$1.43M ﹤0.01%
166,667
+75,885
+84% +$815K
ASIX icon
1961
AdvanSix
ASIX
$546M
$1.43M ﹤0.01%
+44,500
New +$1.6M
EXTR icon
1962
Extreme Networks
EXTR
$4.23B
$1.42M ﹤0.01%
+109,000
New +$1.37M
BATRA icon
1963
Atlanta Braves Holdings Series A
BATRA
$3.52B
$1.42M ﹤0.01%
50,555
– –
VVNT
1964
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
$1.42M ﹤0.01%
216,182
– –
YELL
1965
DELISTED
Yellow Corporation Common Stock
YELL
$1.42M ﹤0.01%
+280,300
New +$1.54M
REAL icon
1966
The RealReal
REAL
$1.53B
$1.42M ﹤0.01%
943,700
– –
NXGN
1967
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$1.41M ﹤0.01%
79,593
– –
CLW icon
1968
Clearwater Paper
CLW
$369M
$1.41M ﹤0.01%
37,401
– –
CNVY
1969
DELISTED
Convey Health Solutions Holdings, Inc.
CNVY
$1.39M ﹤0.01%
132,692
– –
KELYA icon
1970
Kelly Services Class A
KELYA
$528M
$1.38M ﹤0.01%
+101,800
New +$1.84M
ANIK icon
1971
Anika Therapeutics
ANIK
$262M
$1.35M ﹤0.01%
56,700
– –
ADTN icon
1972
Adtran
ADTN
$710M
$1.35M ﹤0.01%
+68,801
New +$1.5M
ZEUS
1973
DELISTED
Olympic Steel
ZEUS
$1.33M ﹤0.01%
58,228
+13,028
+29% +$351K
UFPT icon
1974
UFP Technologies
UFPT
$2.59B
$1.32M ﹤0.01%
+15,400
New +$1.35M
PECO icon
1975
Phillips Edison & Co
PECO
$5.34B
$1.32M ﹤0.01%
47,038
+30,459
+184% +$1M
77 78
79
80 81

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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.