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 | |
|---|---|---|---|---|---|---|
476
Pultegroup
PHM
$24.5B
| $156M | 0.03% |
2,731,542
+39,832
| +1% | +$2.04M |
|
477
Paycom
PAYC
$10B
| $156M | 0.03% |
375,905
-11,059
| -3% | -$5.24M |
|
478
Cooper Companies
COO
$14.4B
| $156M | 0.03% |
1,486,996
-273,848
| -16% | -$27.9M |
|
479
IDEX
IEX
$17.3B
| $156M | 0.03% |
658,133
-9,900
| -1% | -$2.25M |
|
480
M&T Bank
MTB
$36.1B
| $155M | 0.03% |
1,011,407
-71,427
| -7% | -$11M |
|
481
Dell
DELL
$287B
| $154M | 0.03% |
2,743,539
-2,542,487
| -48% | -$142M |
|
482
Cheniere Energy
LNG
$55.4B
| $154M | 0.03% |
1,518,357
-34,159
| -2% | -$3.56M |
|
483
Alcoa
AA
$12.7B
| $153M | 0.03% |
2,576,049
-312,654
| -11% | -$15.7M |
|
484
Cardinal Health
CAH
$55.2B
| $153M | 0.03% |
2,977,510
+169,329
| +6% | +$8.31M |
|
485
Fortis
FTS
$28.4B
| $153M | 0.03% |
3,172,177
+37,573
| +1% | +$1.7M |
|
486
Restaurant Brands International
QSR
$25.3B
| $152M | 0.03% |
2,509,543
-223,020
| -8% | -$13.1M |
|
487
Akamai
AKAM
$17B
| $151M | 0.03% |
1,291,726
+57,619
| +5% | +$6.34M |
|
488
Brown & Brown
BRO
$23.8B
| $151M | 0.03% |
2,143,296
+39,855
| +2% | +$2.57M |
|
489
Iron Mountain
IRM
$36.3B
| $150M | 0.03% |
2,873,379
+256,943
| +10% | +$12.1M |
|
490
Quanta Services
PWR
$101B
| $150M | 0.03% |
1,308,719
-81,053
| -6% | -$9.35M |
|
491
W.P. Carey
WPC
$16.4B
| $150M | 0.03% |
1,866,380
+45,974
| +3% | +$3.52M |
|
492
F5
FFIV
$23.4B
| $150M | 0.03% |
612,420
+7,749
| +1% | +$1.72M |
|
|
NUAN
493
DELISTED
Nuance Communications, Inc.
NUAN
| $149M | 0.03% |
2,695,943
-597,380
| -18% | -$32.9M |
|
494
Advance Auto Parts
AAP
$3.51B
| $148M | 0.03% |
618,894
-34,666
| -5% | -$7.92M |
|
495
Eastman Chemical
EMN
$8.54B
| $148M | 0.03% |
1,224,090
-37,734
| -3% | -$4.2M |
|
496
Kimco Realty
KIM
$16.4B
| $147M | 0.03% |
5,978,345
-207,523
| -3% | -$4.8M |
|
497
Middleby
MIDD
$5.99B
| $147M | 0.03% |
744,576
+12,067
| +2% | +$2.2M |
|
498
Insulet
PODD
$9.39B
| $146M | 0.03% |
549,739
+51,751
| +10% | +$15M |
|
499
Corpay
CPAY
$25.6B
| $146M | 0.03% |
652,836
-38,359
| -6% | -$9.16M |
|
500
Trip.com Group
TCOM
$28.9B
| $146M | 0.03% |
5,929,903
-32,851
| -0.6% | -$930K |
|
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.