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 | |
|---|---|---|---|---|---|---|
1101
Alaska Air
ALK
$5.66B
| $33.4M | 0.01% |
575,404
+78,640
| +16% | +$4.29M |
|
1102
Full Truck Alliance
YMM
$9.89B
| $33.3M | 0.01% |
4,998,258
+4,522,504
| +951% | +$36.6M |
|
|
CTXS
1103
DELISTED
Citrix Systems Inc
CTXS
| $33.3M | 0.01% |
330,169
+209,891
| +175% | +$21.2M |
|
1104
Insight Enterprises
NSIT
$4.51B
| $33.2M | 0.01% |
309,782
-15,959
| -5% | -$1.62M |
|
1105
Grand Canyon Education
LOPE
$3.88B
| $33.2M | 0.01% |
342,291
-44,616
| -12% | -$3.91M |
|
1106
Alarm.com
ALRM
$2.78B
| $33.2M | 0.01% |
499,326
| – | – |
|
1107
HealthEquity
HQY
$8.65B
| $33.2M | 0.01% |
492,029
-7,033
| -1% | -$380K |
|
1108
Coty
COTY
$2.39B
| $33.2M | 0.01% |
3,689,261
| – | – |
|
1109
Carter's
CRI
$1.48B
| $33.2M | 0.01% |
360,413
-55,789
| -13% | -$5.24M |
|
1110
Sprouts Farmers Market
SFM
$8.13B
| $32.9M | 0.01% |
1,027,981
+88,466
| +9% | +$2.65M |
|
1111
Maravai LifeSciences
MRVI
$922M
| $32.9M | 0.01% |
931,729
| – | – |
|
1112
Home BancShares
HOMB
$6.18B
| $32.9M | 0.01% |
1,453,918
| – | – |
|
1113
Independent Bank
INDB
$4B
| $32.8M | 0.01% |
401,898
+33,664
| +9% | +$2.84M |
|
1114
FormFactor
FORM
$9B
| $32.8M | 0.01% |
780,624
-30,870
| -4% | -$1.29M |
|
1115
Sunstone Hotel Investors
SHO
$2.1B
| $32.8M | 0.01% |
2,784,540
-5,594,730
| -67% | -$63.5M |
|
1116
Sabra Healthcare REIT
SBRA
$5.34B
| $32.7M | 0.01% |
2,196,937
| – | – |
|
1117
COPT Defense Properties
CDP
$4.22B
| $32.6M | 0.01% |
1,143,834
| – | – |
|
1118
Medpace
MEDP
$16.3B
| $32.6M | 0.01% |
199,532
-63,946
| -24% | -$10.5M |
|
1119
Viavi Solutions
VIAV
$10B
| $32.6M | 0.01% |
2,028,797
-249,617
| -11% | -$4.12M |
|
|
HI
1120
DELISTED
Hillenbrand
HI
| $32.6M | 0.01% |
737,252
-28,119
| -4% | -$1.33M |
|
1121
STAAR Surgical
STAA
$1.15B
| $32.5M | 0.01% |
407,212
| – | – |
|
|
MRTX
1122
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $32.5M | 0.01% |
395,724
| – | – |
|
1123
Signet Jewelers
SIG
$3.65B
| $32.5M | 0.01% |
447,320
-48,866
| -10% | -$3.9M |
|
1124
Macerich
MAC
$6.66B
| $32.5M | 0.01% |
2,077,634
| – | – |
|
1125
Ziff Davis
ZD
$1.88B
| $32.5M | 0.01% |
335,655
-33,030
| -9% | -$3.39M |
|
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.