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 | |
|---|---|---|---|---|---|---|
726
First Industrial Realty Trust
FR
$8.4B
| $68.3M | 0.01% |
1,103,140
+21,321
| +2% | +$1.28M |
|
727
STAG Industrial
STAG
$7.1B
| $68.1M | 0.01% |
1,646,893
+56,392
| +4% | +$2.33M |
|
|
SNV
728
DELISTED
Synovus
SNV
| $68M | 0.01% |
1,388,289
-38,118
| -3% | -$1.93M |
|
729
Bruker
BRKR
$7.8B
| $68M | 0.01% |
1,057,316
+5,866
| +0.6% | +$401K |
|
|
SMAR
730
DELISTED
Smartsheet Inc.
SMAR
| $68M | 0.01% |
1,241,028
-50,748
| -4% | -$2.9M |
|
731
Alibaba
BABA
$304B
| $67.8M | 0.01% |
623,600
+70,000
| +13% | +$8.06M |
|
732
Radian Group
RDN
$4.82B
| $67.8M | 0.01% |
3,054,202
+98,782
| +3% | +$2.27M |
|
733
AptarGroup
ATR
$8.63B
| $67.6M | 0.01% |
575,569
+60,072
| +12% | +$7.06M |
|
734
Bright Horizons
BFAM
$3.89B
| $67.5M | 0.01% |
508,801
+3,122
| +0.6% | +$406K |
|
735
Peloton Interactive
PTON
$2.38B
| $67.5M | 0.01% |
2,554,511
+484,513
| +23% | +$13.9M |
|
736
Popular Inc
BPOP
$11.2B
| $67.4M | 0.01% |
824,598
+31,517
| +4% | +$2.78M |
|
737
Advanced Drainage Systems
WMS
$11.4B
| $67.3M | 0.01% |
566,677
+8,150
| +1% | +$967K |
|
738
Envista
NVST
$4.46B
| $66.9M | 0.01% |
1,373,128
+543,915
| +66% | +$25.1M |
|
739
HEICO Corp
HEI
$50.8B
| $66.7M | 0.01% |
434,523
-315,287
| -42% | -$45.8M |
|
740
Planet Fitness
PLNT
$4.05B
| $66.6M | 0.01% |
788,636
-22,038
| -3% | -$1.91M |
|
741
BlackLine
BL
$1.76B
| $66.6M | 0.01% |
909,891
+452,643
| +99% | +$36.6M |
|
742
Autoliv
ALV
$8.83B
| $66.1M | 0.01% |
864,629
+17,600
| +2% | +$1.62M |
|
|
STOR
743
DELISTED
STORE Capital Corporation
STOR
| $66.1M | 0.01% |
2,261,055
| – | – |
|
744
Starwood Property Trust
STWD
$5.91B
| $66.1M | 0.01% |
2,733,695
| – | – |
|
745
CACI
CACI
$13.9B
| $66M | 0.01% |
219,216
-7,019
| -3% | -$1.94M |
|
746
Norwegian Cruise Line
NCLH
$8.89B
| $65.9M | 0.01% |
3,013,427
-279,666
| -8% | -$5.71M |
|
747
Rollins
ROL
$17.7B
| $65.6M | 0.01% |
1,872,497
-192,531
| -9% | -$6.25M |
|
748
Jefferies Financial Group
JEF
$13B
| $65.4M | 0.01% |
2,083,526
-203,304
| -9% | -$6.9M |
|
749
Mohawk Industries
MHK
$8.97B
| $65.3M | 0.01% |
526,145
-31,411
| -6% | -$4.71M |
|
750
Casey's General Stores
CASY
$30.8B
| $65.2M | 0.01% |
328,863
-5,715
| -2% | -$1.08M |
|
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.