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 | |
|---|---|---|---|---|---|---|
1126
Community Bank
CBU
$3.44B
| $32.4M | 0.01% |
462,017
+6,798
| +1% | +$495K |
|
1127
Lightspeed Commerce
LSPD
$1.32B
| $32.4M | 0.01% |
1,062,980
-93,313
| -8% | -$2.78M |
|
|
WBT
1128
DELISTED
Welbilt, Inc.
WBT
| $32.4M | 0.01% |
1,364,030
-157,200
| -10% | -$3.73M |
|
1129
WaFd
WAFD
$2.77B
| $32.4M | 0.01% |
985,820
-201,801
| -17% | -$7.07M |
|
1130
ABM Industries
ABM
$2.84B
| $32.3M | 0.01% |
701,661
-18,726
| -3% | -$815K |
|
|
UCB
1131
United Community Banks
UCB
$4.28B
| $32.2M | 0.01% |
926,567
+100,068
| +12% | +$3.68M |
|
1132
Virtu Financial
VIRT
$4.91B
| $32.2M | 0.01% |
863,792
| – | – |
|
|
BLDP
1133
Ballard Power Systems
BLDP
$769M
| $32M | 0.01% |
2,752,083
+628,988
| +30% | +$6.7M |
|
1134
Factset
FDS
$9.77B
| $32M | 0.01% |
73,755
+56,257
| +322% | +$23.7M |
|
1135
Madison Square Garden
MSGS
$9.43B
| $32M | 0.01% |
178,428
+17,820
| +11% | +$3.03M |
|
1136
Insperity
NSP
$1.96B
| $31.9M | 0.01% |
317,484
-26,751
| -8% | -$2.67M |
|
1137
White Mountains Insurance
WTM
$5.3B
| $31.9M | 0.01% |
28,042
+1,180
| +4% | +$1.24M |
|
1138
ATI
ATI
$30.5B
| $31.9M | 0.01% |
1,186,890
+600,103
| +102% | +$13.9M |
|
1139
Pacira BioSciences
PCRX
$1.02B
| $31.8M | 0.01% |
416,361
+24,853
| +6% | +$1.66M |
|
1140
United Parks & Resorts
PRKS
$2.09B
| $31.8M | 0.01% |
426,680
+11,612
| +3% | +$762K |
|
|
TWNK
1141
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $31.8M | 0.01% |
1,447,420
+109,500
| +8% | +$2.27M |
|
1142
Under Armour
UAA
$2.73B
| $31.7M | 0.01% |
1,865,101
+847,040
| +83% | +$15.2M |
|
|
ANAT
1143
DELISTED
American National Group, Inc. Common Stock
ANAT
| $31.7M | 0.01% |
167,492
+10,582
| +7% | +$2M |
|
|
CSGS
1144
DELISTED
CSG Systems International
CSGS
| $31.6M | 0.01% |
497,872
+47,341
| +11% | +$2.85M |
|
1145
H.B. Fuller
FUL
$3.18B
| $31.6M | 0.01% |
478,937
-50,604
| -10% | -$3.56M |
|
1146
Spectrum Brands
SPB
$2.03B
| $31.6M | 0.01% |
356,409
-88,985
| -20% | -$8.18M |
|
|
TMHC
1147
DELISTED
Taylor Morrison
TMHC
| $31.6M | 0.01% |
1,161,018
-72,531
| -6% | -$2.21M |
|
1148
ScottsMiracle-Gro
SMG
$3.61B
| $31.5M | 0.01% |
256,493
-85,830
| -25% | -$12M |
|
|
ETRN
1149
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $31.5M | 0.01% |
3,727,652
-490,273
| -12% | -$4.04M |
|
|
SAIL
1150
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $31.5M | 0.01% |
614,642
-49,526
| -7% | -$2.12M |
|
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.