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 | |
|---|---|---|---|---|---|---|
|
AQUA
1001
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $45M | 0.01% |
962,580
+107,748
| +13% | +$4.69M |
|
1002
Valmont Industries
VMI
$9.58B
| $45M | 0.01% |
179,613
-14,982
| -8% | -$3.67M |
|
|
GRP.U
1003
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $45M | 0.01% |
539,539
+23,054
| +4% | +$1.82M |
|
1004
Petco
WOOF
$834M
| $45M | 0.01% |
2,273,326
-653,858
| -22% | -$14.3M |
|
1005
Ryman Hospitality Properties
RHP
$8.05B
| $45M | 0.01% |
488,933
-15,004
| -3% | -$1.29M |
|
1006
SPS Commerce
SPSC
$2.61B
| $44.9M | 0.01% |
315,738
| – | – |
|
1007
CRISPR Therapeutics
CRSP
$5.17B
| $44.9M | 0.01% |
592,737
-72,870
| -11% | -$6.37M |
|
1008
Blackstone Mortgage Trust
BXMT
$2.35B
| $44.8M | 0.01% |
1,464,470
+68,448
| +5% | +$2.18M |
|
1009
Power Integrations
POWI
$3.45B
| $44.7M | 0.01% |
481,191
-149,529
| -24% | -$14.7M |
|
1010
Pegasystems
PEGA
$5.23B
| $44.6M | 0.01% |
798,472
+7,816
| +1% | +$463K |
|
1011
Choice Hotels
CHH
$5.09B
| $44.5M | 0.01% |
284,984
+240,633
| +543% | +$34.5M |
|
|
LTHM
1012
DELISTED
Livent Corporation
LTHM
| $44.4M | 0.01% |
1,819,755
+127,075
| +8% | +$3.45M |
|
|
AL
1013
DELISTED
Air Lease Corp
AL
| $44.4M | 0.01% |
1,002,747
-89,268
| -8% | -$3.87M |
|
|
ALTR
1014
DELISTED
Altair Engineering Inc
ALTR
| $44.3M | 0.01% |
572,968
+64,803
| +13% | +$4.85M |
|
|
MIME
1015
DELISTED
Mimecast Limited
MIME
| $44.2M | 0.01% |
555,928
+57,058
| +11% | +$4.3M |
|
1016
SSR Mining
SSRM
$6.02B
| $44.1M | 0.01% |
2,493,182
-46,783
| -2% | -$800K |
|
1017
Harley-Davidson
HOG
$2.76B
| $44.1M | 0.01% |
1,170,103
+51,506
| +5% | +$1.92M |
|
1018
Hancock Whitney
HWC
$6.3B
| $44.1M | 0.01% |
881,323
| – | – |
|
1019
Diodes
DIOD
$3.93B
| $44M | 0.01% |
400,849
+10,300
| +3% | +$1.04M |
|
|
UNVR
1020
DELISTED
Univar Solutions Inc.
UNVR
| $44M | 0.01% |
1,550,826
-52,487
| -3% | -$1.42M |
|
1021
Papa John's
PZZA
$979M
| $43.7M | 0.01% |
327,134
| – | – |
|
1022
AXIS Capital
AXS
$7.61B
| $43.6M | 0.01% |
801,059
| – | – |
|
|
ETRN
1023
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $43.6M | 0.01% |
4,217,925
+526,400
| +14% | +$5.46M |
|
1024
Sensient Technologies
SXT
$5.54B
| $43.5M | 0.01% |
435,208
+78,000
| +22% | +$7.59M |
|
1025
Lumen
LUMN
$6.26B
| $43.4M | 0.01% |
3,456,007
-3,512,910
| -50% | -$44.7M |
|
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.