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 | |
|---|---|---|---|---|---|---|
|
SWTX
1126
DELISTED
SpringWorks Therapeutics
SWTX
| $35.6M | 0.01% |
573,781
+77,438
| +16% | +$5.12M |
|
1127
Group 1 Automotive
GPI
$3.31B
| $35.5M | 0.01% |
181,621
+20,000
| +12% | +$3.89M |
|
1128
NorthWestern Energy
NWE
$4.25B
| $35.4M | 0.01% |
619,981
-2,267
| -0.4% | -$129K |
|
1129
Home BancShares
HOMB
$6.26B
| $35.4M | 0.01% |
1,453,918
-17,645
| -1% | -$434K |
|
1130
Pacific Biosciences
PACB
$404M
| $35.3M | 0.01% |
1,726,569
+532,100
| +45% | +$12.8M |
|
1131
Insmed
INSM
$21.5B
| $35.3M | 0.01% |
1,296,198
+357,300
| +38% | +$10.2M |
|
1132
Kirby Corp
KEX
$7.01B
| $35.2M | 0.01% |
592,565
+830
| +0.1% | +$46.4K |
|
1133
Ironwood Pharmaceuticals
IRWD
$683M
| $35.2M | 0.01% |
3,016,328
+1,240,900
| +70% | +$15.2M |
|
|
IPG
1134
DELISTED
Interpublic Group of Companies
IPG
| $35.2M | 0.01% |
938,660
+93,057
| +11% | +$3.38M |
|
|
ENV
1135
DELISTED
ENVESTNET, INC.
ENV
| $35.1M | 0.01% |
442,088
+20,500
| +5% | +$1.67M |
|
1136
Broadstone Net Lease
BNL
$4.07B
| $35.1M | 0.01% |
1,412,824
+597,199
| +73% | +$15.3M |
|
1137
Assured Guaranty
AGO
$3.66B
| $35M | 0.01% |
697,609
-30,993
| -4% | -$1.59M |
|
1138
Casella Waste Systems
CWST
$5.73B
| $35M | 0.01% |
409,794
+60,805
| +17% | +$5.1M |
|
1139
Nomad Foods
NOMD
$1.65B
| $34.9M | 0.01% |
1,374,685
| – | – |
|
1140
Silgan Holdings
SLGN
$4.51B
| $34.9M | 0.01% |
814,720
+526,048
| +182% | +$21.7M |
|
1141
Insight Enterprises
NSIT
$4.24B
| $34.7M | 0.01% |
325,741
| – | – |
|
|
CALY
1142
Callaway Golf Company
CALY
$3.44B
| $34.7M | 0.01% |
1,262,922
-12,230
| -1% | -$340K |
|
1143
Herbalife
HLF
$1.31B
| $34.6M | 0.01% |
846,353
-120,982
| -13% | -$5.03M |
|
1144
Hexcel
HXL
$7.89B
| $34.6M | 0.01% |
668,418
+113,939
| +21% | +$6.45M |
|
|
PPBI
1145
DELISTED
Pacific Premier Bancorp
PPBI
| $34.6M | 0.01% |
864,334
| – | – |
|
1146
Hecla Mining
HL
$11.1B
| $34.6M | 0.01% |
6,626,465
+1,641,722
| +33% | +$9.17M |
|
1147
Digital Turbine
APPS
$1.59B
| $34.6M | 0.01% |
566,553
+85,800
| +18% | +$5.84M |
|
|
TPH
1148
DELISTED
Tri Pointe Homes
TPH
| $34.5M | 0.01% |
1,238,432
-302,800
| -20% | -$7.62M |
|
|
AIMC
1149
DELISTED
Altra Industrial Motion Corp
AIMC
| $34.4M | 0.01% |
667,508
-13,829
| -2% | -$759K |
|
1150
Associated Banc-Corp
ASB
$5.95B
| $34.4M | 0.01% |
1,523,422
-89,000
| -6% | -$2.01M |
|
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.