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 | |
|---|---|---|---|---|---|---|
1076
DigitalBridge
DBRG
$2.95B
| $35.2M | 0.01% |
1,222,578
| – | – |
|
1077
Adient
ADNT
$1.45B
| $34.9M | 0.01% |
855,625
+353,206
| +70% | +$15.2M |
|
1078
Methanex
MEOH
$4.21B
| $34.8M | 0.01% |
638,018
| – | – |
|
|
NVRO
1079
DELISTED
NEVRO CORP.
NVRO
| $34.8M | 0.01% |
480,537
+123,845
| +35% | +$8.93M |
|
1080
Ambarella
AMBA
$3.68B
| $34.8M | 0.01% |
331,259
-87,400
| -21% | -$11.1M |
|
1081
Rambus
RMBS
$10.6B
| $34.7M | 0.01% |
1,089,477
| – | – |
|
1082
Kornit Digital
KRNT
$772M
| $34.7M | 0.01% |
419,328
+31,806
| +8% | +$3.07M |
|
1083
Associated Banc-Corp
ASB
$5.88B
| $34.7M | 0.01% |
1,523,422
| – | – |
|
1084
First Hawaiian
FHB
$3.35B
| $34.7M | 0.01% |
1,242,946
+43,000
| +4% | +$1.24M |
|
1085
Harley-Davidson
HOG
$2.67B
| $34.5M | 0.01% |
875,145
-294,958
| -25% | -$11.4M |
|
1086
Iridium Communications
IRDM
$5.12B
| $34.4M | 0.01% |
853,801
+412,200
| +93% | +$15.5M |
|
1087
Franklin Electric
FELE
$4.83B
| $34.4M | 0.01% |
414,101
-12,757
| -3% | -$1.09M |
|
1088
Doximity
DOCS
$3.77B
| $34.4M | 0.01% |
659,800
-326,489
| -33% | -$16.4M |
|
1089
Qfin Holdings
QFIN
$1.59B
| $34.2M | 0.01% |
2,223,449
| – | – |
|
1090
Fox Factory Holding Corp
FOXF
$791M
| $34.2M | 0.01% |
348,825
+5,939
| +2% | +$733K |
|
|
PSB
1091
DELISTED
PS Business Parks, Inc.
PSB
| $34M | 0.01% |
202,511
+3,271
| +2% | +$539K |
|
1092
Walker & Dunlop
WD
$1.52B
| $34M | 0.01% |
262,811
| – | – |
|
|
AEL
1093
DELISTED
American Equity Investment Life Holding Company
AEL
| $34M | 0.01% |
851,511
-23,736
| -3% | -$956K |
|
1094
Crocs
CROX
$6.43B
| $33.9M | 0.01% |
443,303
-64,411
| -13% | -$6.09M |
|
1095
APi Group
APG
$17.8B
| $33.9M | 0.01% |
2,415,605
+78,890
| +3% | +$1.16M |
|
|
LSXMA
1096
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $33.8M | 0.01% |
1,005,631
-6,851
| -0.7% | -$241K |
|
1097
PagSeguro Digital
PAGS
$2.62B
| $33.7M | 0.01% |
1,682,179
-124,560
| -7% | -$2.32M |
|
1098
Viasat
VSAT
$11.3B
| $33.7M | 0.01% |
689,792
+33,244
| +5% | +$1.53M |
|
|
FLG
1099
Flagstar Bank National Association
FLG
$5.9B
| $33.6M | 0.01% |
1,044,470
-46,035
| -4% | -$1.62M |
|
|
RXDX
1100
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $33.5M | 0.01% |
887,989
+282,545
| +47% | +$11.2M |
|
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.