We are live on ! Find out more
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
AL
901
DELISTED
Air Lease Corp
AL
$48.4M 0.01%
1,083,959
+81,212
+8% +$3.4M
VLY icon
902
Valley National Bancorp
VLY
$8B
$48.3M 0.01%
3,709,668
-11,986
-0.3% -$167K
NSA
903
DELISTED
National Storage Affiliates Trust
NSA
$48.2M 0.01%
768,170
+32,943
+4% +$2.03M
NWE icon
904
NorthWestern Energy
NWE
$4.32B
$48.1M 0.01%
795,759
+175,778
+28% +$10.3M
RARE icon
905
Ultragenyx Pharmaceutical
RARE
$2.55B
$48.1M 0.01%
662,676
+41,100
+7% +$2.86M
PRFT
906
DELISTED
Perficient Inc
PRFT
$48.1M 0.01%
436,785
-6,543
-1% -$686K
VYX icon
907
NCR Voyix
VYX
$1.16B
$48M 0.01%
1,948,504
-48,857
-2% -$1.2M
AQUA
908
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$48M 0.01%
1,021,243
+58,663
+6% +$2.5M
MTZ icon
909
MasTec
MTZ
$20.8B
$47.7M 0.01%
547,945
+5,707
+1% +$499K
CCJ icon
910
Cameco
CCJ
$40.8B
$47.7M 0.01%
1,638,881
-1,485,859
-48% -$34.9M
SLM icon
911
SLM Corp
SLM
$5.15B
$47.7M 0.01%
2,597,891
-194,010
-7% -$3.67M
ONB icon
912
Old National Bancorp
ONB
$10.2B
$47.7M 0.01%
2,909,855
+1,308,900
+82% +$23.8M
FCN icon
913
FTI Consulting
FCN
$4.17B
$47.6M 0.01%
302,923
-4,966
-2% -$740K
SPR
914
DELISTED
Spirit AeroSystems
SPR
$47.5M 0.01%
971,052
-211,259
-18% -$9.88M
SRCL
915
DELISTED
Stericycle Inc
SRCL
$47.4M 0.01%
803,884
+26,348
+3% +$1.53M
HRB icon
916
H&R Block
HRB
$5.82B
$47.3M 0.01%
1,816,324
-103,317
-5% -$2.51M
HALO icon
917
Halozyme
HALO
$10.2B
$47.3M 0.01%
1,185,665
+139,467
+13% +$4.97M
FFIN icon
918
First Financial Bankshares
FFIN
$4.97B
$47.1M 0.01%
1,067,629
+52,230
+5% +$2.5M
AXTA icon
919
Axalta
AXTA
$8.03B
$47.1M 0.01%
1,914,513
-23,094
-1% -$645K
QS icon
920
QuantumScape Corp
QS
$3.4B
$47M 0.01%
2,353,156
-596,466
-20% -$10.2M
OZK icon
921
Bank OZK
OZK
$5.63B
$47M 0.01%
1,101,224
-44,603
-4% -$2.08M
CARG icon
922
CarGurus
CARG
$3.28B
$47M 0.01%
1,107,433
+43,031
+4% +$1.58M
CRUS icon
923
Cirrus Logic
CRUS
$6.19B
$47M 0.01%
553,826
-6,304
-1% -$541K
MIME
924
DELISTED
Mimecast Limited
MIME
$46.9M 0.01%
589,208
+33,280
+6% +$2.65M
PACW
925
DELISTED
PacWest Bancorp
PACW
$46.9M 0.01%
1,086,466
-9,184
-0.8% -$433K
35 36
37
38 39

Similar funds

CIBC Private Wealth Group
CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return
Two Sigma Advisers
Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return
Comerica Bank
Comerica Bank Dallas, Texas $25.1B AUM 24.68% 1-Year Est. Return
CWM
CIBC World Markets New York $20.8B AUM
VRS
Virginia Retirement Systems Richmond, Virginia $16.8B AUM 25.91% 1-Year Est. Return
FAF
Första AP-fonden Stockholm, Sweden $16.8B AUM 29.64% 1-Year Est. Return
BGIM
Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return
CIM
CCLA Investment Management London, United Kingdom $6.23B AUM 5.02% 1-Year Est. Return

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.