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 | |
|---|---|---|---|---|---|---|
1251
Hecla Mining
HL
$10.7B
| $25.8M | 0.01% |
3,934,261
-2,692,204
| -41% | -$15.6M |
|
|
BECN
1252
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $25.8M | 0.01% |
435,944
-86,847
| -17% | -$4.97M |
|
1253
Helios Technologies
HLIO
$2.72B
| $25.8M | 0.01% |
321,977
| – | – |
|
|
AAMI
1254
Acadian Asset Management
AAMI
$3.26B
| $25.8M | 0.01% |
1,064,550
-244,378
| -19% | -$5.81M |
|
1255
Yelp
YELP
$1.38B
| $25.8M | 0.01% |
755,828
| – | – |
|
1256
BOK Financial
BOKF
$8.78B
| $25.8M | 0.01% |
274,403
-14,104
| -5% | -$1.46M |
|
|
OCDX
1257
DELISTED
Ortho Clinical Diagnostics Holdings plc Ordinary Shares
OCDX
| $25.6M | 0.01% |
1,374,538
+205,847
| +18% | +$3.7M |
|
1258
NETSCOUT
NTCT
$2.92B
| $25.6M | 0.01% |
798,289
| – | – |
|
1259
Glaukos
GKOS
$10.1B
| $25.6M | 0.01% |
442,220
-571
| -0.1% | -$30.2K |
|
1260
National Health Investors
NHI
$3.65B
| $25.6M | 0.01% |
433,058
-15,000
| -3% | -$854K |
|
|
SI
1261
DELISTED
Silvergate Capital Corporation
SI
| $25.5M | 0.01% |
169,561
+108,686
| +179% | +$13.4M |
|
1262
Newmark Group
NMRK
$2.66B
| $25.5M | 0.01% |
1,600,425
| – | – |
|
1263
Upwork
UPWK
$1.16B
| $25.5M | 0.01% |
1,096,168
-130,527
| -11% | -$3.27M |
|
1264
Atlantic Union Bankshares
AUB
$6.02B
| $25.5M | 0.01% |
693,809
-6,020
| -0.9% | -$240K |
|
|
EQC
1265
DELISTED
Equity Commonwealth
EQC
| $25.4M | 0.01% |
899,381
-105,267
| -10% | -$2.81M |
|
|
CVET
1266
DELISTED
Covetrus, Inc. Common Stock
CVET
| $25.3M | 0.01% |
1,509,582
| – | – |
|
1267
Integer Holdings
ITGR
$4.29B
| $25.3M | 0.01% |
313,864
+7,900
| +3% | +$638K |
|
1268
Vistra
VST
$47.7B
| $25.3M | 0.01% |
1,086,145
-62,700
| -5% | -$1.39M |
|
1269
Lufax Holding
LU
$1.29B
| $25.2M | 0.01% |
1,133,054
+445,632
| +65% | +$9.82M |
|
1270
National Vision
EYE
$1.8B
| $25.2M | 0.01% |
579,143
+37,200
| +7% | +$1.51M |
|
|
CALY
1271
Callaway Golf Company
CALY
$3.1B
| $25.2M | 0.01% |
1,077,134
-185,788
| -15% | -$4.51M |
|
1272
KB Home
KBH
$3.49B
| $25.2M | 0.01% |
778,509
-18,932
| -2% | -$746K |
|
1273
AtriCure
ATRC
$2.01B
| $25.2M | 0.01% |
383,701
-58,371
| -13% | -$3.78M |
|
|
MANT
1274
DELISTED
Mantech International Corp
MANT
| $25.2M | 0.01% |
292,326
+17,400
| +6% | +$1.39M |
|
|
KRTX
1275
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $25.2M | 0.01% |
198,662
-14,200
| -7% | -$1.6M |
|
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.