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 | |
|---|---|---|---|---|---|---|
976
Pan American Silver
PAAS
$20.3B
| $46.6M | 0.01% |
1,866,885
-125,327
| -6% | -$3.16M |
|
977
Hain Celestial
HAIN
$50.3M
| $46.6M | 0.01% |
1,093,794
+486,485
| +80% | +$20.8M |
|
|
JBTM
978
JBT Marel
JBTM
$6.35B
| $46.6M | 0.01% |
303,199
+12,660
| +4% | +$1.98M |
|
|
SRCL
979
DELISTED
Stericycle Inc
SRCL
| $46.4M | 0.01% |
777,536
+16,510
| +2% | +$1.03M |
|
980
Houlihan Lokey
HLI
$8.96B
| $46.2M | 0.01% |
446,269
+54,234
| +14% | +$5.79M |
|
981
Fate Therapeutics
FATE
$303M
| $46.2M | 0.01% |
789,454
+25,625
| +3% | +$1.45M |
|
982
RBC Bearings
RBC
$18.1B
| $46.2M | 0.01% |
228,684
+108,675
| +91% | +$23.3M |
|
983
Korn Ferry
KFY
$4.25B
| $46.1M | 0.01% |
609,368
-59,400
| -9% | -$4.56M |
|
984
Workiva
WK
$3.46B
| $46.1M | 0.01% |
353,255
+45,896
| +15% | +$6.47M |
|
985
Essent Group
ESNT
$6.13B
| $45.9M | 0.01% |
1,007,168
| – | – |
|
986
Arrowhead Research
ARWR
$12.2B
| $45.8M | 0.01% |
690,823
+14,966
| +2% | +$1.03M |
|
987
B2Gold
BTG
$5.46B
| $45.7M | 0.01% |
11,588,771
-983,519
| -8% | -$3.95M |
|
988
Teradata
TDC
$2.47B
| $45.6M | 0.01% |
1,072,967
+234,904
| +28% | +$11.6M |
|
989
TD Synnex
SNX
$21B
| $45.4M | 0.01% |
396,790
+12,485
| +3% | +$1.36M |
|
990
Rithm Capital
RITM
$5.64B
| $45.4M | 0.01% |
4,236,473
| – | – |
|
991
Performance Food Group
PFGC
$17.6B
| $45.4M | 0.01% |
988,503
-276,200
| -22% | -$12.6M |
|
992
Spectrum Brands
SPB
$2.08B
| $45.3M | 0.01% |
445,394
+76,319
| +21% | +$7.49M |
|
993
Integra LifeSciences
IART
$1.38B
| $45.3M | 0.01% |
676,254
+219,198
| +48% | +$14.8M |
|
994
Brookfield Renewable
BEPC
$6.18B
| $45.3M | 0.01% |
1,229,938
| – | – |
|
|
CADE
995
DELISTED
Cadence Bank
CADE
| $45.3M | 0.01% |
1,519,887
+881,577
| +138% | +$26.6M |
|
996
Travel + Leisure Co
TNL
$4.77B
| $45.2M | 0.01% |
818,583
| – | – |
|
997
BJs Wholesale Club
BJ
$12.3B
| $45.2M | 0.01% |
675,424
-410,940
| -38% | -$25.7M |
|
998
H&R Block
HRB
$5.82B
| $45.2M | 0.01% |
1,919,641
+87,873
| +5% | +$2.13M |
|
999
Shoals Technologies Group
SHLS
$1.46B
| $45.2M | 0.01% |
1,861,029
+727,726
| +64% | +$20.9M |
|
1000
Saic
SAIC
$5.09B
| $45.1M | 0.01% |
539,925
-5,081
| -0.9% | -$441K |
|
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.