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 | |
|---|---|---|---|---|---|---|
1176
Enovis
ENOV
$1.74B
| $32.6M | 0.01% |
411,501
-228,970
| -36% | -$19.2M |
|
1177
ONE Gas
OGS
$4.97B
| $32.4M | 0.01% |
418,202
-60,447
| -13% | -$4.21M |
|
1178
Westlake Corp
WLK
$10.1B
| $32.3M | 0.01% |
332,834
-1,743
| -0.5% | -$170K |
|
1179
Simmons First National
SFNC
$3.47B
| $32.3M | 0.01% |
1,092,047
+41,705
| +4% | +$1.27M |
|
1180
Leslie's
LESL
$12.7M
| $32.3M | 0.01% |
68,225
+17,418
| +34% | +$7.52M |
|
1181
Essential Properties Realty Trust
EPRT
$6.65B
| $32.2M | 0.01% |
1,117,498
| – | – |
|
1182
LCI Industries
LCII
$2.61B
| $32.1M | 0.01% |
206,031
| – | – |
|
|
SAIL
1183
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $32.1M | 0.01% |
664,168
-47,735
| -7% | -$2.34M |
|
1184
Forward Air
FWRD
$487M
| $32.1M | 0.01% |
265,068
-15,100
| -5% | -$1.55M |
|
1185
New Oriental
EDU
$9.06B
| $32.1M | 0.01% |
1,527,062
| – | – |
|
1186
Simply Good Foods
SMPL
$989M
| $32M | 0.01% |
770,621
-87,800
| -10% | -$3.35M |
|
1187
Rambus
RMBS
$10.6B
| $32M | 0.01% |
1,089,477
+26,484
| +2% | +$673K |
|
1188
COPT Defense Properties
CDP
$4.24B
| $32M | 0.01% |
1,143,834
| – | – |
|
1189
Ollie's Bargain Outlet
OLLI
$4.74B
| $31.9M | 0.01% |
623,876
-14,800
| -2% | -$902K |
|
1190
American States Water
AWR
$3.33B
| $31.8M | 0.01% |
307,697
-16,900
| -5% | -$1.59M |
|
1191
FirstCash
FCFS
$9.02B
| $31.8M | 0.01% |
425,006
+149,177
| +54% | +$11.5M |
|
1192
Wendy's
WEN
$1.52B
| $31.8M | 0.01% |
1,333,045
-48,348
| -3% | -$1.08M |
|
|
NVTA
1193
DELISTED
Invitae Corporation
NVTA
| $31.8M | 0.01% |
2,081,840
+152,264
| +8% | +$3.29M |
|
1194
GATX Corp
GATX
$6.34B
| $31.8M | 0.01% |
305,092
| – | – |
|
1195
New Jersey Resources
NJR
$5.59B
| $31.7M | 0.01% |
771,841
-93,707
| -11% | -$3.62M |
|
1196
Alamos Gold
AGI
$13.1B
| $31.7M | 0.01% |
4,114,379
-150,674
| -4% | -$1.16M |
|
|
DOOR
1197
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $31.6M | 0.01% |
268,191
-15,561
| -5% | -$1.78M |
|
|
AYX
1198
DELISTED
Alteryx Inc
AYX
| $31.5M | 0.01% |
521,398
-19,005
| -4% | -$1.31M |
|
1199
Cushman & Wakefield Ltd
CWK
$3.29B
| $31.5M | 0.01% |
1,416,699
+404,000
| +40% | +$7.81M |
|
|
RDFN
1200
DELISTED
Redfin
RDFN
| $31.5M | 0.01% |
819,671
| – | – |
|
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.