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 | |
|---|---|---|---|---|---|---|
2076
Kenon Holdings
KEN
$3.55B
| $213K | ﹤0.01% |
6,190
| – | – |
|
2077
Hudbay
HBM
$11B
| $212K | ﹤0.01% |
52,829
| – | – |
|
2078
Lexicon Pharmaceuticals
LXRX
$1.07B
| $199K | ﹤0.01% |
+82,900
| New | +$229K |
|
2079
Ceragon Networks
CRNT
$207M
| $196K | ﹤0.01% |
106,455
| – | – |
|
|
GHG
2080
GreenTree Hospitality
GHG
$113M
| $172K | ﹤0.01% |
50,700
| – | – |
|
2081
Kopin
KOPN
$786M
| $157K | ﹤0.01% |
+149,700
| New | +$209K |
|
2082
Kamada
KMDA
$418M
| $149K | ﹤0.01% |
33,595
| – | – |
|
2083
NextCure
NXTC
$23M
| $143K | ﹤0.01% |
4,325
| – | – |
|
2084
Axogen
AXGN
$2.45B
| $139K | ﹤0.01% |
11,635
| – | – |
|
|
TPC
2085
Tutor Perini Cor
TPC
$4.55B
| $125K | ﹤0.01% |
22,589
| – | – |
|
2086
EyePoint Inc
EYPT
$988M
| $98.9K | ﹤0.01% |
+12,500
| New | +$116K |
|
2087
Nexa Resources
NEXA
$1.78B
| $64.4K | ﹤0.01% |
12,486
| – | – |
|
|
TDAY
2088
USA Today Co
TDAY
$1.33B
| $25.5K | ﹤0.01% |
16,697
| – | – |
|
|
ALR
2089
DELISTED
AlerisLife Inc
ALR
| $13K | ﹤0.01% |
13,647
| – | – |
|
2090
ACV Auctions
ACVA
$1.39B
| – | – |
-163,400
| Closed | -$1.07M |
|
2091
Adecoagro
AGRO
$1.34B
| – | – |
-120,200
| Closed | -$1.02M |
|
2092
Altimmune
ALT
$583M
| – | – |
-189,600
| Closed | -$2.22M |
|
2093
Ascendis Pharma A/S
ASND
$16B
| – | – |
-3,727
| Closed | -$346K |
|
2094
Smartbird Inc
BIRD
$20M
| – | – |
-12,069
| Closed | -$949K |
|
2095
Barnes & Noble Education
BNED
$448M
| – | – |
-1,874
| Closed | -$549K |
|
|
BNR
2096
Burning Rock Biotech
BNR
$94.7M
| – | – |
-27,996
| Closed | -$815K |
|
2097
Celldex Therapeutics
CLDX
$3.05B
| – | – |
-92,900
| Closed | -$2.5M |
|
2098
Costamare
CMRE
$1.84B
| – | – |
-242,900
| Closed | -$2.94M |
|
2099
Ducommun
DCO
$2.9B
| – | – |
-7,000
| Closed | -$301K |
|
2100
Ecovyst
ECVT
$1.33B
| – | – |
-38,800
| Closed | -$382K |
|
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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.