We are live on ! Find out more
Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+11.12%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$486B
AUM Growth
+$34.4B
Cap. Flow
-$6.45B
Cap. Flow %
-1.33%
Top 10 Hldgs %
23.63%
Holding
2,366
New
96
Increased
712
Reduced
1,022
Closed
162

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$629M
2
TMUS icon
T-Mobile US
TMUS
+$562M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$500M
4
ADSK icon
Autodesk
ADSK
+$426M
5
QCOM icon
Qualcomm
QCOM
+$353M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$894M
2
AAPL icon
Apple
AAPL
+$645M
3
V icon
Visa
V
+$405M
4
NET icon
Cloudflare
NET
+$282M
5
KSU
Kansas City Southern
KSU
+$251M

Sector Composition

Rank Sector Weight
1 Technology 24.83%
2 Financials 13.82%
3 Healthcare 12.74%
4 Consumer Discretionary 11.88%
5 Communication Services 9.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NDAQ icon
376
Nasdaq
NDAQ
$52.6B
$224M 0.05%
3,194,925
-49,575
-2% -$3.38M
ETSY icon
377
Etsy
ETSY
$7.89B
$223M 0.05%
1,020,316
-20,857
-2% -$5.02M
FNF icon
378
Fidelity National Financial
FNF
$13.9B
$223M 0.05%
4,438,411
+1,270,485
+40% +$60.8M
FTV icon
379
Fortive
FTV
$18B
$221M 0.05%
3,850,811
-11,590
-0.3% -$655K
STX icon
380
Seagate
STX
$189B
$221M 0.05%
1,959,183
-23,387
-1% -$2.27M
U icon
381
Unity
U
$14.6B
$221M 0.05%
1,545,710
-307,841
-17% -$47M
EA icon
382
Electronic Arts
EA
$53B
$218M 0.04%
1,655,291
-289,455
-15% -$38.9M
ATH
383
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$217M 0.04%
2,607,307
+504,281
+24% +$41.4M
BALL icon
384
Ball Corp
BALL
$17.3B
$215M 0.04%
2,236,450
-444,704
-17% -$41.1M
ALNY icon
385
Alnylam Pharmaceuticals
ALNY
$29.5B
$215M 0.04%
1,269,191
+274,303
+28% +$51M
RF icon
386
Regions Financial
RF
$26.9B
$215M 0.04%
9,863,763
-93,695
-0.9% -$2.14M
GWW icon
387
W.W. Grainger
GWW
$64.7B
$215M 0.04%
414,753
+31,186
+8% +$14.7M
BBL
388
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
$215M 0.04%
3,590,801
+2,225,248
+163% +$121M
HBAN icon
389
Huntington Bancshares
HBAN
$35.1B
$214M 0.04%
13,850,754
-656,259
-5% -$10.3M
VFC icon
390
VF Corp
VFC
$5.87B
$213M 0.04%
2,914,273
-303,900
-9% -$22.2M
IR icon
391
Ingersoll Rand
IR
$34.1B
$212M 0.04%
3,428,829
-63,182
-2% -$3.6M
DGX icon
392
Quest Diagnostics
DGX
$25.6B
$212M 0.04%
1,226,024
+68,323
+6% +$10.4M
TTD icon
393
Trade Desk
TTD
$8.6B
$210M 0.04%
2,290,513
-1,242,356
-35% -$109M
PLUG icon
394
Plug Power
PLUG
$2.9B
$209M 0.04%
7,393,970
+1,056,131
+17% +$36.5M
LSI
395
DELISTED
Life Storage, Inc.
LSI
$208M 0.04%
1,358,140
-23,065
-2% -$3.08M
BMRN icon
396
BioMarin Pharmaceuticals
BMRN
$11.6B
$208M 0.04%
2,349,540
+223,693
+11% +$18.5M
YUMC icon
397
Yum China
YUMC
$16.6B
$207M 0.04%
4,158,322
-5,522
-0.1% -$300K
XYL icon
398
Xylem
XYL
$27.8B
$207M 0.04%
1,727,186
-164,837
-9% -$20.5M
RIVN icon
399
Rivian
RIVN
$22.2B
$207M 0.04%
+1,993,212
New +$230M
NTAP icon
400
NetApp
NTAP
$35.9B
$205M 0.04%
2,223,661
+923,462
+71% +$83.2M
14 15
16
17 18

Similar funds

CIBC Private Wealth Group
CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return
Two Sigma Advisers
Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return
Comerica Bank
Comerica Bank Dallas, Texas $25.1B AUM 24.68% 1-Year Est. Return
CWM
CIBC World Markets New York $20.8B AUM
VRS
Virginia Retirement Systems Richmond, Virginia $16.8B AUM 25.91% 1-Year Est. Return
FAF
Första AP-fonden Stockholm, Sweden $16.8B AUM 29.64% 1-Year Est. Return
BGIM
Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return
CIM
CCLA Investment Management London, United Kingdom $6.23B AUM 5.02% 1-Year Est. Return

Norges Bank's Q4 2021 Portfolio in Review

As of Q4 2021, Norges Bank held 2,366 positions worth $486B, up 7.6% from $452B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Norges Bank's Q4 2021 filing shows 96 new, 712 increased, 1,022 reduced and 162 closed positions. Its largest new stake was Rivian: 1,993,212 shares worth $207M. The largest sale was Alphabet (Google) Class A, an estimated $894M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

  • Norges Bank's largest Q4 2021 buy was Rivian: 1,993,212 shares worth $207M.
  • Norges Bank added most to Walmart Inc in Q4 2021, an estimated $629M increase.
  • Norges Bank's biggest Q4 2021 reduction was Alphabet (Google) Class A, cutting an estimated $894M.
  • Norges Bank fully exited Kansas City Southern in Q4 2021, selling an estimated $251M.
  • Norges Bank's ten largest holdings make up 24% of its $486B portfolio in Q4 2021.
  • Norges Bank opened 96 new positions and closed 162 in Q4 2021.
  • Norges Bank's portfolio value rose 7.6% quarter-over-quarter to $486B.

Based on Norges Bank's 13F filing for Q4 2021, filed 10 Feb 2022.