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 C
GOOG
|
+$2.21B |
| 2 |
Shell
SHEL
|
+$646M |
| 3 |
S&P Global
SPGI
|
+$609M |
| 4 |
Advanced Micro Devices
AMD
|
+$575M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$533M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$2.17B |
| 2 |
Chevron
CVX
|
+$1.22B |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$579M |
| 4 |
XLNX
Xilinx Inc
XLNX
|
+$487M |
| 5 |
Nucor
NUE
|
+$487M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.29% |
| 2 | Financials | 14.66% |
| 3 | Healthcare | 12.85% |
| 4 | Consumer Discretionary | 11.35% |
| 5 | Communication Services | 8.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Domino's
DPZ
$12.1B
| $185M | 0.04% |
455,273
+9,845
| +2% | +$4.29M |
|
402
eBay
EBAY
$49.4B
| $184M | 0.04% |
3,210,481
-409,828
| -11% | -$23.9M |
|
403
CubeSmart
CUBE
$9.5B
| $183M | 0.04% |
3,520,370
| – | – |
|
404
Magna International
MGA
$19.2B
| $183M | 0.04% |
2,849,288
-102,943
| -3% | -$7.62M |
|
405
VICI Properties
VICI
$29.1B
| $183M | 0.04% |
6,423,825
+584,719
| +10% | +$16.4M |
|
|
HOLX
406
DELISTED
Hologic
HOLX
| $182M | 0.04% |
2,367,142
-104,732
| -4% | -$7.53M |
|
407
GFL Environmental
GFL
$14.9B
| $181M | 0.04% |
5,577,042
+3,401,863
| +156% | +$107M |
|
|
SBNY
408
DELISTED
Signature Bank
SBNY
| $181M | 0.04% |
617,297
+43,502
| +8% | +$14.1M |
|
409
Fortive
FTV
$18.5B
| $181M | 0.04% |
3,944,882
+94,071
| +2% | +$4.65M |
|
410
Electronic Arts
EA
$52.9B
| $180M | 0.04% |
1,421,991
-233,300
| -14% | -$30.4M |
|
411
Cooper Companies
COO
$14.6B
| $179M | 0.04% |
1,718,020
+231,024
| +16% | +$23.3M |
|
412
Quanta Services
PWR
$103B
| $179M | 0.04% |
1,360,268
+51,549
| +4% | +$5.73M |
|
413
Yum China
YUMC
$16.3B
| $179M | 0.04% |
4,309,389
+151,067
| +4% | +$7.12M |
|
414
Pinduoduo
PDD
$129B
| $179M | 0.04% |
4,456,518
-115,000
| -3% | -$5.91M |
|
415
CGI
GIB
$15B
| $179M | 0.04% |
2,242,284
-43,611
| -2% | -$3.63M |
|
416
Thomson Reuters
TRI
$43B
| $178M | 0.04% |
1,556,716
+37,941
| +2% | +$4.24M |
|
|
DOCU
417
DocuSign
DOCU
$11B
| $177M | 0.04% |
1,652,543
-14,678
| -0.9% | -$1.68M |
|
418
Okta
OKTA
$25.6B
| $176M | 0.04% |
1,168,693
+94,884
| +9% | +$17M |
|
419
Ingersoll Rand
IR
$34.9B
| $176M | 0.04% |
3,491,030
+62,201
| +2% | +$3.33M |
|
420
Synchrony
SYF
$25.8B
| $175M | 0.04% |
5,017,078
-230,432
| -4% | -$9.64M |
|
421
Kraft Heinz
KHC
$30.5B
| $174M | 0.04% |
4,415,224
+678,534
| +18% | +$25.4M |
|
|
CTLT
422
DELISTED
CATALENT, INC.
CTLT
| $172M | 0.04% |
1,554,351
+25,882
| +2% | +$2.7M |
|
423
W.R. Berkley
WRB
$26.8B
| $172M | 0.04% |
3,877,435
+1,118,703
| +41% | +$44.6M |
|
|
GRMN
424
Garmin
GRMN
$58.3B
| $172M | 0.04% |
1,447,327
+5,822
| +0.4% | +$701K |
|
425
KeyCorp
KEY
$24.8B
| $170M | 0.04% |
7,610,534
-242,203
| -3% | -$6.02M |
|
Similar funds
Norges Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Norges Bank held 2,291 positions worth $459B, down 5.7% from $486B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q1 2022 filing shows 87 new, 805 increased, 864 reduced and 129 closed positions. Its largest new stake was Shell: 12,168,641 shares worth $668M. The largest sale was Alphabet (Google) Class A, an estimated $2.17B.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2022 buy was Shell: 12,168,641 shares worth $668M.
- Norges Bank added most to Alphabet (Google) Class C in Q1 2022, an estimated $2.21B increase.
- Norges Bank's biggest Q1 2022 reduction was Alphabet (Google) Class A, cutting an estimated $2.17B.
- Norges Bank fully exited IHS Markit Ltd. Common Shares in Q1 2022, selling an estimated $579M.
- Norges Bank's ten largest holdings make up 23% of its $459B portfolio in Q1 2022.
- Norges Bank opened 87 new positions and closed 129 in Q1 2022.
- Norges Bank's portfolio value fell 5.7% quarter-over-quarter to $459B.
Based on Norges Bank's 13F filing for Q1 2022, filed 9 May 2022.