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 | |
|---|---|---|---|---|---|---|
926
Valley National Bancorp
VLY
$8.18B
| $51.2M | 0.01% |
3,721,654
-113,200
| -3% | -$1.57M |
|
927
Semtech
SMTC
$11.5B
| $51.1M | 0.01% |
574,224
+10,000
| +2% | +$851K |
|
928
Qfin Holdings
QFIN
$1.6B
| $51M | 0.01% |
2,223,449
+125,000
| +6% | +$2.78M |
|
|
SPR
929
DELISTED
Spirit AeroSystems
SPR
| $50.9M | 0.01% |
1,182,311
+194,538
| +20% | +$8.34M |
|
930
Boyd Gaming
BYD
$6.18B
| $50.9M | 0.01% |
776,006
-12,251
| -2% | -$777K |
|
|
NSA
931
DELISTED
National Storage Affiliates Trust
NSA
| $50.9M | 0.01% |
735,227
+22,464
| +3% | +$1.39M |
|
932
Arvinas
ARVN
$553M
| $50.5M | 0.01% |
615,370
+178,065
| +41% | +$14.5M |
|
933
Agree Realty
ADC
$9.4B
| $50.5M | 0.01% |
707,213
+119,464
| +20% | +$8.28M |
|
934
Wintrust Financial
WTFC
$11B
| $50.4M | 0.01% |
554,707
| – | – |
|
935
Armstrong World Industries
AWI
$7.8B
| $50.2M | 0.01% |
432,491
| – | – |
|
936
Vontier
VNT
$4.77B
| $50.2M | 0.01% |
1,633,053
+33,003
| +2% | +$1.07M |
|
937
MasTec
MTZ
$21.8B
| $50M | 0.01% |
542,238
| – | – |
|
|
BCPC
938
Balchem Corp
BCPC
$5.58B
| $50M | 0.01% |
296,654
-5,470
| -2% | -$878K |
|
|
UMPQ
939
DELISTED
Umpqua Holdings Corp
UMPQ
| $49.9M | 0.01% |
2,592,439
+385,797
| +17% | +$7.79M |
|
940
Watts Water Technologies
WTS
$12B
| $49.8M | 0.01% |
256,513
-23,132
| -8% | -$4.4M |
|
941
Exponent
EXPO
$3.24B
| $49.6M | 0.01% |
425,247
-62,800
| -13% | -$7.38M |
|
|
ISBC
942
DELISTED
Investors Bancorp, Inc.
ISBC
| $49.6M | 0.01% |
3,271,374
+808,300
| +33% | +$12.4M |
|
|
PACW
943
DELISTED
PacWest Bancorp
PACW
| $49.5M | 0.01% |
1,095,650
-4,662
| -0.4% | -$217K |
|
944
Doximity
DOCS
$3.93B
| $49.4M | 0.01% |
986,289
-563,832
| -36% | -$36.7M |
|
945
Evercore
EVR
$12.4B
| $49.4M | 0.01% |
363,805
-122,154
| -25% | -$17.8M |
|
|
JHG
946
DELISTED
Janus Henderson
JHG
| $49.3M | 0.01% |
1,175,989
+433,116
| +58% | +$19.1M |
|
947
NCR Voyix
VYX
$1.35B
| $49.3M | 0.01% |
1,997,361
+44,588
| +2% | +$1.13M |
|
948
HF Sinclair
DINO
$15B
| $48.9M | 0.01% |
1,490,724
-4,440
| -0.3% | -$150K |
|
949
Inspire Medical Systems
INSP
$1.74B
| $48.9M | 0.01% |
212,337
+16,271
| +8% | +$3.97M |
|
|
DISH
950
DELISTED
DISH Network Corp.
DISH
| $48.6M | 0.01% |
1,497,253
+897,111
| +149% | +$33.4M |
|
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.