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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
-3.69%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$459B
AUM Growth
-$27.6B
Cap. Flow
+$61.1M
Cap. Flow %
0.01%
Top 10 Hldgs %
23.45%
Holding
2,291
New
87
Increased
805
Reduced
864
Closed
129

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$2.21B
2
SHEL icon
Shell
SHEL
+$646M
3
SPGI icon
S&P Global
SPGI
+$609M
4
AMD icon
Advanced Micro Devices
AMD
+$575M
5
TMO icon
Thermo Fisher Scientific
TMO
+$533M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$2.17B
2
CVX icon
Chevron
CVX
+$1.22B
3
INFO
IHS Markit Ltd. Common Shares
INFO
+$579M
4
XLNX
Xilinx Inc
XLNX
+$487M
5
NUE icon
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
VMW
551
DELISTED
VMware, Inc
VMW
$111M 0.02%
976,674
+166,469
+21% +$20.2M
PHM icon
552
Pultegroup
PHM
$24.7B
$111M 0.02%
2,651,409
-80,133
-3% -$3.98M
OLPX
553
DELISTED
Olaplex Holdings
OLPX
$111M 0.02%
7,106,039
-624,936
-8% -$11.9M
CBOE icon
554
Cboe Global Markets
CBOE
$30.2B
$111M 0.02%
966,424
+25,700
+3% +$3.04M
CHRW icon
555
C.H. Robinson
CHRW
$17.2B
$110M 0.02%
1,023,714
-8,595
-0.8% -$873K
THC icon
556
Tenet Healthcare
THC
$21B
$109M 0.02%
1,272,231
-72,316
-5% -$5.94M
DT icon
557
Dynatrace
DT
$14.2B
$109M 0.02%
2,317,867
+651,884
+39% +$30.7M
BAH icon
558
Booz Allen Hamilton
BAH
$8.96B
$109M 0.02%
1,242,042
-42,296
-3% -$3.48M
NLSN
559
DELISTED
Nielsen Holdings plc
NLSN
$109M 0.02%
4,003,663
-154,257
-4% -$3.06M
ZNGA
560
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
$108M 0.02%
11,734,290
+2,278,515
+24% +$20M
ZION icon
561
Zions Bancorporation
ZION
$10.3B
$107M 0.02%
1,631,914
+103,989
+7% +$7.11M
AYI icon
562
Acuity Brands
AYI
$10.7B
$107M 0.02%
564,513
+121,053
+27% +$23.3M
TDOC icon
563
Teladoc Health
TDOC
$1.22B
$107M 0.02%
1,481,365
+197,738
+15% +$14.2M
EWBC icon
564
East-West Bancorp
EWBC
$18.2B
$107M 0.02%
1,348,324
+8,417
+0.6% +$710K
ROG icon
565
Rogers Corp
ROG
$2.38B
$106M 0.02%
391,905
+18,323
+5% +$5M
TU icon
566
Telus
TU
$15.3B
$106M 0.02%
4,067,257
-574,454
-12% -$14.2M
CNM icon
567
Core & Main
CNM
$8.58B
$105M 0.02%
4,357,849
+1,557,849
+56% +$36.6M
GLPI icon
568
Gaming and Leisure Properties
GLPI
$12.8B
$105M 0.02%
2,238,554
-10,674
-0.5% -$480K
ALB icon
569
Albemarle
ALB
$15.3B
$104M 0.02%
471,571
-321,208
-41% -$67.8M
WYNN icon
570
Wynn Resorts
WYNN
$10.5B
$104M 0.02%
1,306,608
+549,944
+73% +$46.3M
SNA icon
571
Snap-on
SNA
$21.5B
$104M 0.02%
503,736
+70,983
+16% +$15M
RGEN icon
572
Repligen
RGEN
$9.01B
$103M 0.02%
545,787
+21,393
+4% +$4.06M
ROKU icon
573
Roku
ROKU
$22.3B
$103M 0.02%
818,776
-59,694
-7% -$8.76M
Y
574
DELISTED
Alleghany Corp
Y
$103M 0.02%
121,088
-3,340
-3% -$2.31M
HAS icon
575
Hasbro
HAS
$12.9B
$102M 0.02%
1,249,291
-37,086
-3% -$3.48M
21 22
23
24 25

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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.