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 | |
|---|---|---|---|---|---|---|
1026
Ironwood Pharmaceuticals
IRWD
$701M
| $38.4M | 0.01% |
3,051,721
+35,393
| +1% | +$406K |
|
|
TCN
1027
DELISTED
Tricon Residential Inc.
TCN
| $38.4M | 0.01% |
+2,414,784
| New | +$36.8M |
|
1028
Outfront Media
OUT
$5.48B
| $38.3M | 0.01% |
1,367,697
| – | – |
|
1029
Hilton Grand Vacations
HGV
$3.61B
| $38.2M | 0.01% |
735,267
+18,320
| +3% | +$924K |
|
1030
Avnet
AVT
$7.94B
| $38.2M | 0.01% |
940,664
-33,420
| -3% | -$1.38M |
|
1031
Procore
PCOR
$8.47B
| $38.1M | 0.01% |
657,332
+171,082
| +35% | +$10.9M |
|
1032
Mine Safety
MSA
$7.48B
| $38M | 0.01% |
286,003
| – | – |
|
1033
ACI Worldwide
ACIW
$5.61B
| $37.9M | 0.01% |
1,204,045
+104,975
| +10% | +$3.5M |
|
|
HYZN
1034
DELISTED
Hyzon Motors Inc. Class A Common Stock
HYZN
| $37.9M | 0.01% |
+118,587
| New | +$32.9M |
|
|
BRSL
1035
Brightstar Lottery PLC
BRSL
$2.03B
| $37.8M | 0.01% |
1,531,549
-110,039
| -7% | -$2.96M |
|
1036
Silgan Holdings
SLGN
$4.39B
| $37.7M | 0.01% |
814,720
| – | – |
|
|
ALTR
1037
DELISTED
Altair Engineering Inc
ALTR
| $37.6M | 0.01% |
584,026
+11,058
| +2% | +$698K |
|
|
ENV
1038
DELISTED
ENVESTNET, INC.
ENV
| $37.6M | 0.01% |
505,187
+63,099
| +14% | +$4.62M |
|
1039
IPG Photonics
IPGP
$3.69B
| $37.5M | 0.01% |
341,362
+1,104
| +0.3% | +$152K |
|
1040
Papa John's
PZZA
$811M
| $37.4M | 0.01% |
354,959
+27,825
| +9% | +$3.12M |
|
|
SUM
1041
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $37.2M | 0.01% |
1,217,436
+32,081
| +3% | +$1.07M |
|
1042
RLI Corp
RLI
$5.91B
| $37.1M | 0.01% |
669,862
+30,200
| +5% | +$1.59M |
|
1043
Opendoor
OPEN
$3.34B
| $37M | 0.01% |
4,420,363
| – | – |
|
1044
Applied Industrial Technologies
AIT
$13.3B
| $37M | 0.01% |
360,376
-34,671
| -9% | -$3.45M |
|
1045
Hain Celestial
HAIN
$53.5M
| $36.9M | 0.01% |
1,073,158
-20,636
| -2% | -$750K |
|
1046
Wendy's
WEN
$1.41B
| $36.8M | 0.01% |
1,676,761
+343,716
| +26% | +$7.75M |
|
1047
Lazard
LAZ
$4.22B
| $36.8M | 0.01% |
1,067,272
-316,934
| -23% | -$12.3M |
|
1048
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.89B
| $36.7M | 0.01% |
774,001
+74,798
| +11% | +$3.34M |
|
1049
Qualys
QLYS
$6.29B
| $36.7M | 0.01% |
257,732
+37,187
| +17% | +$4.75M |
|
1050
TriNet
TNET
$3.06B
| $36.6M | 0.01% |
372,456
-124,390
| -25% | -$11M |
|
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.