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 | |
|---|---|---|---|---|---|---|
1051
Valaris
VAL
$5.36B
| $36.6M | 0.01% |
+704,195
| New | +$30.5M |
|
1052
Sensient Technologies
SXT
$5.47B
| $36.5M | 0.01% |
435,208
| – | – |
|
1053
Roblox
RBLX
$25.7B
| $36.5M | 0.01% |
788,677
-302,018
| -28% | -$18.2M |
|
1054
Intellia Therapeutics
NTLA
$1.57B
| $36.4M | 0.01% |
500,807
+59,047
| +13% | +$5M |
|
1055
GATX Corp
GATX
$6.31B
| $36.3M | 0.01% |
294,603
-10,489
| -3% | -$1.15M |
|
1056
Apple Hospitality REIT
APLE
$3.77B
| $36.3M | 0.01% |
2,017,921
-46,396
| -2% | -$794K |
|
1057
Avient
AVNT
$3.91B
| $36.2M | 0.01% |
754,416
+22,471
| +3% | +$1.16M |
|
1058
Meritage Homes
MTH
$4.71B
| $36.2M | 0.01% |
913,942
-29,418
| -3% | -$1.44M |
|
1059
MSC Industrial Direct
MSM
$6.92B
| $36.1M | 0.01% |
423,334
-27,071
| -6% | -$2.19M |
|
1060
TD Synnex
SNX
$20.7B
| $36.1M | 0.01% |
349,490
-47,300
| -12% | -$5.03M |
|
1061
Glacier Bancorp
GBCI
$6.32B
| $36M | 0.01% |
715,157
-19,900
| -3% | -$1.07M |
|
|
JBTM
1062
JBT Marel
JBTM
$6.33B
| $35.9M | 0.01% |
303,199
| – | – |
|
1063
Q2 Holdings
QTWO
$3.95B
| $35.9M | 0.01% |
581,532
+72,090
| +14% | +$4.62M |
|
1064
ChargePoint
CHPT
$152M
| $35.8M | 0.01% |
89,933
+3,808
| +4% | +$1.17M |
|
|
VRNT
1065
DELISTED
Verint Systems
VRNT
| $35.8M | 0.01% |
691,510
-22,881
| -3% | -$1.18M |
|
1066
GXO Logistics
GXO
$5.41B
| $35.6M | 0.01% |
499,594
-215,831
| -30% | -$17.2M |
|
1067
Antero Midstream
AM
$10.2B
| $35.6M | 0.01% |
3,275,814
-88,755
| -3% | -$901K |
|
1068
Resideo Technologies
REZI
$3.95B
| $35.5M | 0.01% |
1,490,374
+57,856
| +4% | +$1.45M |
|
1069
Park Hotels & Resorts
PK
$2.89B
| $35.5M | 0.01% |
1,817,843
-388,137
| -18% | -$7.29M |
|
1070
Sonos
SONO
$1.83B
| $35.5M | 0.01% |
1,257,908
-153,369
| -11% | -$4.07M |
|
|
DOC
1071
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $35.4M | 0.01% |
2,020,430
| – | – |
|
|
IPG
1072
DELISTED
Interpublic Group of Companies
IPG
| $35.4M | 0.01% |
998,983
+60,323
| +6% | +$2.17M |
|
1073
Casella Waste Systems
CWST
$5.75B
| $35.3M | 0.01% |
403,214
-6,580
| -2% | -$524K |
|
|
SJI
1074
DELISTED
South Jersey Industries, Inc.
SJI
| $35.3M | 0.01% |
1,022,054
+312,713
| +44% | +$9.02M |
|
1075
Helen of Troy
HELE
$671M
| $35.2M | 0.01% |
179,819
+8,051
| +5% | +$1.7M |
|
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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.