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 | |
|---|---|---|---|---|---|---|
|
ISO
2001
DELISTED
IsoPlexis Corporation Common Stock
ISO
| $1.08M | ﹤0.01% |
629,000
| – | – |
|
2002
Precigen
PGEN
$2.33B
| $1.07M | ﹤0.01% |
504,590
| – | – |
|
2003
Energy Recovery
ERII
$470M
| $1.06M | ﹤0.01% |
48,900
-31,900
| -39% | -$718K |
|
|
AVYA
2004
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $1.03M | ﹤0.01% |
646,666
-100,736
| -13% | -$160K |
|
|
AD
2005
Array Digital Infrastructure
AD
$3.06B
| $1.02M | ﹤0.01% |
39,101
-9,931
| -20% | -$285K |
|
|
CVSA
2006
Covista Inc
CVSA
$4.42B
| $964K | ﹤0.01% |
26,458
+11,914
| +82% | +$455K |
|
2007
Koppers
KOP
$1,000M
| $948K | ﹤0.01% |
+45,600
| New | +$1.05M |
|
2008
Krystal Biotech
KRYS
$9.61B
| $943K | ﹤0.01% |
+13,526
| New | +$977K |
|
|
BRFS
2009
DELISTED
BRF SA
BRFS
| $920K | ﹤0.01% |
393,370
| – | – |
|
2010
Procept Biorobotics
PRCT
$1.04B
| $920K | ﹤0.01% |
+22,192
| New | +$885K |
|
2011
Seaboard Corp
SEB
$4.21B
| $919K | ﹤0.01% |
+270
| New | +$1.04M |
|
2012
Vertex
VERX
$2B
| $913K | ﹤0.01% |
66,765
-61,300
| -48% | -$777K |
|
2013
Ralph Lauren
RL
$22.5B
| $912K | ﹤0.01% |
+10,744
| New | +$1.01M |
|
|
PTVE
2014
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $881K | ﹤0.01% |
+100,900
| New | +$1.05M |
|
2015
Perion Network
PERI
$386M
| $877K | ﹤0.01% |
+45,238
| New | +$912K |
|
|
TCS
2016
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
| $863K | ﹤0.01% |
+11,739
| New | +$1.18M |
|
2017
Aurinia Pharmaceuticals
AUPH
$1.92B
| $858K | ﹤0.01% |
114,045
| – | – |
|
|
DISH
2018
DELISTED
DISH Network Corp.
DISH
| $848K | ﹤0.01% |
61,350
-315,718
| -84% | -$5.58M |
|
2019
MasterCraft Boat Holdings
MCFT
$608M
| $837K | ﹤0.01% |
+44,400
| New | +$1.02M |
|
2020
Ranpak Holdings
PACK
$483M
| $835K | ﹤0.01% |
244,190
+54,296
| +29% | +$298K |
|
|
RPC
2021
Ridgepost Capital
RPC
$995M
| $808K | ﹤0.01% |
76,761
| – | – |
|
|
AYX
2022
DELISTED
Alteryx Inc
AYX
| $804K | ﹤0.01% |
+14,400
| New | +$844K |
|
2023
Oportun Financial
OPRT
$276M
| $796K | ﹤0.01% |
+182,200
| New | +$1.3M |
|
2024
OrthoPediatrics
KIDS
$536M
| $785K | ﹤0.01% |
17,018
| – | – |
|
2025
AeroVironment
AVAV
$8.55B
| $776K | ﹤0.01% |
9,312
-162,126
| -95% | -$14.5M |
|
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.