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 |
Walmart Inc
WMT
|
+$629M |
| 2 |
T-Mobile US
TMUS
|
+$562M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$500M |
| 4 |
Autodesk
ADSK
|
+$426M |
| 5 |
Qualcomm
QCOM
|
+$353M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$894M |
| 2 |
Apple
AAPL
|
+$645M |
| 3 |
Visa
V
|
+$405M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
451
Caesars Entertainment
CZR
$6.09B
| $178M | 0.04% |
1,906,540
-29,610
| -2% | -$3M |
|
452
Pinterest
PINS
$14.2B
| $178M | 0.04% |
4,904,479
+64,260
| +1% | +$2.86M |
|
453
Molina Healthcare
MOH
$9.97B
| $178M | 0.04% |
559,217
+21,674
| +4% | +$6.45M |
|
454
Raymond James Financial
RJF
$34.4B
| $176M | 0.04% |
1,755,069
-5,608
| -0.3% | -$554K |
|
455
VICI Properties
VICI
$29.2B
| $176M | 0.04% |
5,839,106
-125,733
| -2% | -$3.64M |
|
456
Bath & Body Works
BBWI
$4.2B
| $174M | 0.04% |
2,500,296
-6,988
| -0.3% | -$496K |
|
457
Teledyne Technologies
TDY
$31.6B
| $174M | 0.04% |
399,163
-5,092
| -1% | -$2.21M |
|
458
A.O. Smith
AOS
$8.37B
| $174M | 0.04% |
2,027,383
+937,056
| +86% | +$71.4M |
|
459
Qorvo
QRVO
$8.21B
| $170M | 0.04% |
1,089,342
+31,725
| +3% | +$5.04M |
|
460
Rogers Communications
RCI
$18.3B
| $169M | 0.03% |
3,544,719
-35,274
| -1% | -$1.65M |
|
461
Builders FirstSource
BLDR
$7.83B
| $169M | 0.03% |
1,970,291
-29,372
| -1% | -$1.99M |
|
462
Ally Financial
ALLY
$13.6B
| $168M | 0.03% |
3,538,210
-336,078
| -9% | -$16.6M |
|
|
NKLA
463
DELISTED
Nikola Corporation Common Stock
NKLA
| $168M | 0.03% |
567,962
-45,385
| -7% | -$15.1M |
|
464
DuPont de Nemours
DD
$18.8B
| $167M | 0.03% |
1,645,226
-173,659
| -10% | -$16.5M |
|
465
Liberty Broadband Class C
LBRDK
$5B
| $166M | 0.03% |
1,030,898
+188,713
| +22% | +$31M |
|
|
PGRE
466
DELISTED
Paramount Group
PGRE
| $166M | 0.03% |
19,882,031
| – | – |
|
467
Cincinnati Financial
CINF
$27.3B
| $165M | 0.03% |
1,448,412
-5,204
| -0.4% | -$616K |
|
468
Bio-Rad Laboratories Class A
BIO
$8.86B
| $161M | 0.03% |
213,286
+6,426
| +3% | +$4.81M |
|
469
MGM Resorts International
MGM
$11.6B
| $161M | 0.03% |
3,578,576
-552,615
| -13% | -$24.8M |
|
470
Northern Trust
NTRS
$33.6B
| $160M | 0.03% |
1,341,644
-415,353
| -24% | -$49.8M |
|
471
Burlington
BURL
$23.5B
| $159M | 0.03% |
544,646
-47,755
| -8% | -$13.4M |
|
472
Masco
MAS
$14.9B
| $159M | 0.03% |
2,258,367
+217,145
| +11% | +$14M |
|
473
The Mosaic Company
MOS
$7.02B
| $158M | 0.03% |
4,031,374
-417,346
| -9% | -$16M |
|
474
Avery Dennison
AVY
$13.2B
| $158M | 0.03% |
730,788
-9,402
| -1% | -$2.01M |
|
475
Markel Group
MKL
$23.3B
| $158M | 0.03% |
128,240
+974
| +0.8% | +$1.23M |
|
Similar funds
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.