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 | |
|---|---|---|---|---|---|---|
|
AXNX
1176
DELISTED
Axonics, Inc. Common Stock
AXNX
| $29.8M | 0.01% |
476,447
+68,702
| +17% | +$3.7M |
|
|
DNB
1177
DELISTED
Dun & Bradstreet
DNB
| $29.8M | 0.01% |
1,698,085
-67,125
| -4% | -$1.25M |
|
1178
HUB Group
HUBG
$2.83B
| $29.5M | 0.01% |
764,568
+31,126
| +4% | +$1.24M |
|
1179
Beyond Meat
BYND
$272M
| $29.4M | 0.01% |
608,876
+21,757
| +4% | +$1.2M |
|
1180
Simply Good Foods
SMPL
$988M
| $29.2M | 0.01% |
770,621
| – | – |
|
|
AIMC
1181
DELISTED
Altra Industrial Motion Corp
AIMC
| $29.2M | 0.01% |
750,765
+83,257
| +12% | +$3.74M |
|
1182
Spire
SR
$4.78B
| $29.2M | 0.01% |
406,614
+1,888
| +0.5% | +$125K |
|
1183
Acadia Pharmaceuticals
ACAD
$4.9B
| $29.1M | 0.01% |
1,202,199
+124,000
| +12% | +$3M |
|
1184
Ionis Pharmaceuticals
IONS
$9.06B
| $29.1M | 0.01% |
785,561
-45,658
| -5% | -$1.49M |
|
1185
Mueller Industries
MLI
$15.4B
| $29.1M | 0.01% |
2,147,992
-274,484
| -11% | -$3.89M |
|
1186
News Corp Class B
NWS
$18.3B
| $29.1M | 0.01% |
1,291,628
| – | – |
|
|
ESGR
1187
DELISTED
Enstar Group
ESGR
| $29.1M | 0.01% |
111,362
-4,694
| -4% | -$1.25M |
|
|
SEM
1188
DELISTED
Select Medical
SEM
| $29M | 0.01% |
2,240,745
+73,301
| +3% | +$968K |
|
1189
Cabot Corp
CBT
$4.52B
| $28.9M | 0.01% |
422,992
+7,682
| +2% | +$507K |
|
1190
Patterson-UTI
PTEN
$3.83B
| $28.9M | 0.01% |
1,869,055
| – | – |
|
1191
Eastern Bankshares
EBC
$5.27B
| $28.8M | 0.01% |
1,337,694
+293,506
| +28% | +$6.25M |
|
|
NVEI
1192
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $28.8M | 0.01% |
382,929
-230,540
| -38% | -$14.1M |
|
1193
Trupanion
TRUP
$1.23B
| $28.7M | 0.01% |
322,464
| – | – |
|
1194
Merit Medical Systems
MMSI
$5.24B
| $28.7M | 0.01% |
431,578
+16,100
| +4% | +$968K |
|
1195
Jack Henry & Associates
JKHY
$11.2B
| $28.7M | 0.01% |
145,677
+76,254
| +110% | +$13.3M |
|
1196
Simmons First National
SFNC
$3.4B
| $28.6M | 0.01% |
1,092,111
+64
| +0% | +$1.85K |
|
|
CCXI
1197
DELISTED
ChemoCentryx, Inc.
CCXI
| $28.6M | 0.01% |
1,139,940
+40,116
| +4% | +$1.13M |
|
|
NUVA
1198
DELISTED
NuVasive, Inc.
NUVA
| $28.4M | 0.01% |
501,093
-13,730
| -3% | -$729K |
|
1199
Hormel Foods
HRL
$13.8B
| $28.4M | 0.01% |
550,848
+20,194
| +4% | +$989K |
|
1200
Nomad Foods
NOMD
$1.65B
| $28.4M | 0.01% |
1,256,074
-118,611
| -9% | -$2.88M |
|
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.