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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
GE icon
176
GE Aerospace
GE
$374B
$425M 0.11%
11,031,077
+402,707
+4% +$17.7M
CM icon
177
Canadian Imperial Bank of Commerce
CM
$108B
$424M 0.11%
9,690,107
+223,629
+2% +$10.9M
VNO icon
178
Vornado Realty Trust
VNO
$7.41B
$419M 0.11%
18,082,373
– –
MET icon
179
MetLife
MET
$61.9B
$418M 0.11%
6,873,546
+169,146
+3% +$10.8M
URI icon
180
United Rentals
URI
$67.2B
$414M 0.11%
1,531,822
+173,744
+13% +$50.6M
BNY
181
Bank of New York Mellon
BNY
$106B
$413M 0.11%
10,720,543
+224,498
+2% +$9.57M
UNM icon
182
Unum
UNM
$13.6B
$411M 0.11%
10,603,305
-83,162
-0.8% -$3.04M
MRNA icon
183
Moderna
MRNA
$21.8B
$411M 0.11%
3,478,665
+109,476
+3% +$16.6M
ADP icon
184
Automatic Data Processing
ADP
$106B
$405M 0.11%
1,791,870
+127,950
+8% +$30.2M
PDD icon
185
Pinduoduo
PDD
$126B
$404M 0.11%
6,448,476
+1,657,316
+35% +$96.3M
BAX icon
186
Baxter International
BAX
$13.5B
$403M 0.11%
7,479,227
+891,100
+14% +$53.6M
MPC icon
187
Marathon Petroleum
MPC
$92.4B
$403M 0.11%
4,053,454
-57,075
-1% -$5.34M
EXR icon
188
Extra Space Storage
EXR
$31.3B
$400M 0.11%
2,317,550
-913
-0% -$173K
CTVA icon
189
Corteva
CTVA
$52.6B
$400M 0.11%
6,999,793
-812,396
-10% -$47.3M
ROP icon
190
Roper Technologies
ROP
$38.8B
$399M 0.11%
1,109,568
-102,838
-8% -$41.8M
DLR icon
191
Digital Realty Trust
DLR
$69.7B
$396M 0.11%
3,997,561
+147,433
+4% +$18.1M
FIS icon
192
Fidelity National Information Services
FIS
$23.1B
$396M 0.11%
5,241,834
+166,073
+3% +$15.5M
HST icon
193
Host Hotels & Resorts
HST
$17.2B
$395M 0.11%
24,879,428
+2,409,464
+11% +$42M
TWTR
194
DELISTED
Twitter, Inc.
TWTR
$388M 0.1%
8,850,155
+4,159,024
+89% +$169M
STLA icon
195
Stellantis
STLA
$21.7B
$386M 0.1%
32,077,013
+683,277
+2% +$9.18M
F icon
196
Ford
F
$58.5B
$384M 0.1%
34,256,383
+1,533,334
+5% +$21.5M
MRVL icon
197
Marvell Technology
MRVL
$168B
$383M 0.1%
8,929,661
+200,806
+2% +$9.94M
KRC icon
198
Kilroy Realty
KRC
$4.52B
$381M 0.1%
9,057,009
– –
COLD icon
199
Americold
COLD
$4.02B
$381M 0.1%
15,490,229
+3,284,085
+27% +$99.3M
HCA icon
200
HCA Healthcare
HCA
$87.2B
$375M 0.1%
2,038,390
-13,702
-0.7% -$2.73M
6 7
8
9 10

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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.