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 | |
|---|---|---|---|---|---|---|
2126
National Bank Holdings
NBHC
$1.9B
| – | – |
-91,200
| Closed | -$3.67M |
|
2127
Neogen
NEOG
$2.05B
| – | – |
-598,268
| Closed | -$18.5M |
|
2128
Neuropace
NPCE
$465M
| – | – |
-58,000
| Closed | -$476K |
|
|
NVEE
2129
DELISTED
NV5 Global
NVEE
| – | – |
-102,400
| Closed | -$3.41M |
|
2130
Orion
OEC
$403M
| – | – |
-517,076
| Closed | -$8.26M |
|
2131
Orion Energy Systems
OESX
$38.9M
| – | – |
-5,250
| Closed | -$147K |
|
2132
Orthofix Medical
OFIX
$492M
| – | – |
-93,146
| Closed | -$3.05M |
|
2133
Olema Pharmaceuticals
OLMA
$977M
| – | – |
-402,900
| Closed | -$1.72M |
|
2134
On Holding
ONON
$12.6B
| – | – |
-257,648
| Closed | -$6.5M |
|
2135
Oportun Financial
OPRT
$262M
| – | – |
-92,600
| Closed | -$1.33M |
|
2136
Ormat Technologies
ORA
$5.8B
| – | – |
-275,177
| Closed | -$22.5M |
|
2137
Organogenesis Holdings
ORGO
$324M
| – | – |
-110,200
| Closed | -$840K |
|
2138
Plains GP Holdings
PAGP
$5.28B
| – | – |
-233,200
| Closed | -$2.69M |
|
2139
Passage Bio
PASG
$14.5M
| – | – |
-1,920
| Closed | -$119K |
|
2140
Phathom Pharmaceuticals
PHAT
$928M
| – | – |
-660,690
| Closed | -$8.99M |
|
2141
ePlus
PLUS
$2.43B
| – | – |
-20,000
| Closed | -$1.12M |
|
2142
PMV Pharmaceuticals
PMVP
$57.1M
| – | – |
-238,200
| Closed | -$4.96M |
|
2143
Pennant Group
PNTG
$1.43B
| – | – |
-276,281
| Closed | -$5.15M |
|
2144
Pool Corp
POOL
$7.05B
| – | – |
-303,035
| Closed | -$128M |
|
2145
CarParts.com
PRTS
$42.6M
| – | – |
-43,000
| Closed | -$2.88M |
|
2146
Privia Health
PRVA
$3.04B
| – | – |
-194,200
| Closed | -$5.19M |
|
2147
ProPetro Holding
PUMP
$1.25B
| – | – |
-26,958
| Closed | -$376K |
|
2148
Perella Weinberg Partners
PWP
$1.08B
| – | – |
-232,400
| Closed | -$2.2M |
|
2149
Pixelworks
PXLW
$37.2M
| – | – |
-23,667
| Closed | -$843K |
|
2150
Roblox
RBLX
$35.9B
| – | – |
-788,677
| Closed | -$36.5M |
|
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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.