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 | |
|---|---|---|---|---|---|---|
|
TDAY
2051
USA Today Co
TDAY
$1.28B
| $48.4K | ﹤0.01% |
16,697
| – | – |
|
|
ALR
2052
DELISTED
AlerisLife Inc
ALR
| $16.4K | ﹤0.01% |
13,647
| – | – |
|
2053
ACM Research
ACMR
$5.44B
| – | – |
-514,800
| Closed | -$10.7M |
|
2054
Enact Holdings
ACT
$6.63B
| – | – |
-44,200
| Closed | -$983K |
|
2055
Afya
AFYA
$1.31B
| – | – |
-159,446
| Closed | -$2.3M |
|
2056
Argan
AGX
$8.13B
| – | – |
-23,400
| Closed | -$950K |
|
|
AGS
2057
DELISTED
PlayAGS
AGS
| – | – |
-35,200
| Closed | -$235K |
|
2058
Allot
ALLT
$367M
| – | – |
-53,741
| Closed | -$461K |
|
|
OSG
2059
Octave Specialty Group
OSG
$250M
| – | – |
-126,300
| Closed | -$1.31M |
|
2060
Ardagh Metal Packaging
AMBP
$2.9B
| – | – |
-236,128
| Closed | -$1.92M |
|
2061
Amneal Pharmaceuticals
AMRX
$5.91B
| – | – |
-439,257
| Closed | -$1.83M |
|
2062
Andersons Inc
ANDE
$2.44B
| – | – |
-11,600
| Closed | -$583K |
|
2063
Ares Capital
ARCC
$13.5B
| – | – |
-73,000
| Closed | -$1.53M |
|
2064
Arlo Technologies
ARLO
$1.57B
| – | – |
-106,900
| Closed | -$947K |
|
2065
ATN International
ATNI
$361M
| – | – |
-56,321
| Closed | -$2.25M |
|
2066
Aveanna Healthcare
AVAH
$2.11B
| – | – |
-56,591
| Closed | -$193K |
|
|
AZEK
2067
DELISTED
The AZEK Co
AZEK
| – | – |
-608,761
| Closed | -$15.1M |
|
2068
BioAtla
BCAB
$5.61M
| – | – |
-5,024
| Closed | -$1.26M |
|
2069
Black Diamond Therapeutics
BDTX
$98.6M
| – | – |
-210,300
| Closed | -$583K |
|
2070
BlackLine
BL
$1.8B
| – | – |
-909,891
| Closed | -$66.6M |
|
2071
Brady Corp
BRC
$4.39B
| – | – |
-343,457
| Closed | -$15.9M |
|
2072
Clear Channel Outdoor Holdings
CCO
$1.23B
| – | – |
-1,509,000
| Closed | -$5.22M |
|
2073
Cadiz
CDZI
$264M
| – | – |
-171,700
| Closed | -$355K |
|
2074
Cerus
CERS
$579M
| – | – |
-89,274
| Closed | -$490K |
|
2075
CEVA Inc
CEVA
$916M
| – | – |
-12,700
| Closed | -$516K |
|
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.