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 | |
|---|---|---|---|---|---|---|
|
FLG
1976
Flagstar Bank National Association
FLG
$5.95B
| $1.32M | ﹤0.01% |
+51,486
| New | +$1.51M |
|
1977
PDF Solutions
PDFS
$2.14B
| $1.31M | ﹤0.01% |
+53,400
| New | +$1.35M |
|
1978
Vroom Inc
VRM
$36.7M
| $1.31M | ﹤0.01% |
14,093
-6,139
| -30% | -$819K |
|
1979
Cullinan Oncology
CGEM
$1.08B
| $1.31M | ﹤0.01% |
+101,900
| New | +$1.37M |
|
1980
Vericel Corp
VCEL
$2.37B
| $1.3M | ﹤0.01% |
56,030
| – | – |
|
1981
Clear Channel Outdoor Holdings
CCO
$1.24B
| $1.29M | ﹤0.01% |
+945,000
| New | +$1.43M |
|
1982
Franklin Covey
FC
$244M
| $1.29M | ﹤0.01% |
28,500
-2,000
| -7% | -$99K |
|
1983
Sensus Healthcare
SRTS
$48.9M
| $1.29M | ﹤0.01% |
+102,800
| New | +$1.23M |
|
1984
Woodside Energy
WDS
$42.6B
| $1.28M | ﹤0.01% |
63,430
-951,500
| -94% | -$21M |
|
1985
Destination XL Group
DXLG
$31.4M
| $1.27M | ﹤0.01% |
235,200
+149,500
| +174% | +$712K |
|
1986
Upland Software
UPLD
$13.4M
| $1.26M | ﹤0.01% |
+15,490
| New | +$1.71M |
|
|
MORF
1987
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $1.23M | ﹤0.01% |
+43,400
| New | +$1.21M |
|
|
NIU
1988
Niu Technologies
NIU
$196M
| $1.23M | ﹤0.01% |
299,540
| – | – |
|
1989
Philips
PHG
$25.9B
| $1.23M | ﹤0.01% |
93,148
| – | – |
|
1990
Immunovant
IMVT
$8.08B
| $1.23M | ﹤0.01% |
219,901
+190,435
| +646% | +$931K |
|
|
NVTA
1991
DELISTED
Invitae Corporation
NVTA
| $1.22M | ﹤0.01% |
494,537
-1,658,969
| -77% | -$5.03M |
|
1992
American Well
AMWL
$174M
| $1.2M | ﹤0.01% |
16,704
| – | – |
|
1993
Columbia Banking Systems
COLB
$8.99B
| $1.19M | ﹤0.01% |
+41,208
| New | +$1.24M |
|
1994
Scholar Rock
SRRK
$5.73B
| $1.18M | ﹤0.01% |
+170,300
| New | +$1.42M |
|
1995
Hayward Holdings
HAYW
$3.41B
| $1.17M | ﹤0.01% |
132,366
-581,283
| -81% | -$6.84M |
|
1996
Dole
DOLE
$1.33B
| $1.17M | ﹤0.01% |
160,506
| – | – |
|
1997
Alphatec Holdings
ATEC
$1.59B
| $1.13M | ﹤0.01% |
129,100
-60,400
| -32% | -$478K |
|
|
TBCH
1998
Turtle Beach Corp
TBCH
$276M
| $1.13M | ﹤0.01% |
+165,300
| New | +$1.73M |
|
1999
National Presto Industries
NPK
$975M
| $1.13M | ﹤0.01% |
17,300
| – | – |
|
|
ESMT
2000
DELISTED
EngageSmart, Inc.
ESMT
| $1.11M | ﹤0.01% |
+53,700
| New | +$1.05M |
|
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.