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 | |
|---|---|---|---|---|---|---|
1276
NeoGenomics
NEO
$2.04B
| $28M | 0.01% |
819,335
+50,457
| +7% | +$1.98M |
|
1277
Cannae Holdings
CNNE
$659M
| $27.9M | 0.01% |
795,011
-15,734
| -2% | -$522K |
|
1278
Madison Square Garden
MSGS
$9.4B
| $27.9M | 0.01% |
160,608
-40,705
| -20% | -$7.39M |
|
1279
Plexus
PLXS
$7.4B
| $27.9M | 0.01% |
290,866
-14,556
| -5% | -$1.34M |
|
1280
Sprouts Farmers Market
SFM
$7.93B
| $27.9M | 0.01% |
939,515
+68,090
| +8% | +$1.7M |
|
|
KRTX
1281
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $27.9M | 0.01% |
212,862
+29,222
| +16% | +$3.78M |
|
1282
Itron
ITRI
$4.6B
| $27.6M | 0.01% |
402,488
-26,207
| -6% | -$1.84M |
|
1283
Freshpet
FRPT
$3.53B
| $27.6M | 0.01% |
289,318
+41,451
| +17% | +$5.14M |
|
|
GRUB
1284
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $27.6M | 0.01% |
2,561,255
-167,248
| -6% | -$2.24M |
|
|
GAP
1285
The Gap Inc
GAP
$7.4B
| $27.5M | 0.01% |
1,559,361
-415,421
| -21% | -$8.7M |
|
1286
Brady Corp
BRC
$4.62B
| $27.5M | 0.01% |
510,226
-42,837
| -8% | -$2.24M |
|
|
UNIT
1287
Uniti Group
UNIT
$2.35B
| $27.5M | 0.01% |
1,962,407
+141,078
| +8% | +$1.88M |
|
1288
Yelp
YELP
$1.42B
| $27.4M | 0.01% |
755,828
+21,982
| +3% | +$826K |
|
1289
Murphy USA
MUSA
$10.9B
| $27.4M | 0.01% |
137,321
-35,309
| -20% | -$6.31M |
|
1290
Granite Construction
GVA
$5.46B
| $27.3M | 0.01% |
706,508
+70,036
| +11% | +$2.78M |
|
|
TWNK
1291
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $27.3M | 0.01% |
1,337,920
+263,015
| +24% | +$4.89M |
|
1292
Commault Systems
CVLT
$5.51B
| $27.3M | 0.01% |
395,919
| – | – |
|
1293
TechnipFMC
FTI
$27.2B
| $27.3M | 0.01% |
4,585,668
+564,671
| +14% | +$3.88M |
|
1294
White Mountains Insurance
WTM
$5.25B
| $27.2M | 0.01% |
26,862
+1,818
| +7% | +$1.92M |
|
|
NARI
1295
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $27.2M | 0.01% |
297,754
+57,940
| +24% | +$4.97M |
|
|
COOP
1296
DELISTED
Mr. Cooper
COOP
| $27.2M | 0.01% |
653,094
-246,684
| -27% | -$10.4M |
|
1297
Werner Enterprises
WERN
$2.3B
| $27.1M | 0.01% |
569,571
-31,328
| -5% | -$1.43M |
|
|
NUVA
1298
DELISTED
NuVasive, Inc.
NUVA
| $27M | 0.01% |
514,823
+11,560
| +2% | +$628K |
|
1299
Fastly Inc
FSLY
$4.1B
| $27M | 0.01% |
761,089
-2,219
| -0.3% | -$96.5K |
|
1300
United Parks & Resorts
PRKS
$2.16B
| $26.9M | 0.01% |
415,068
-25,000
| -6% | -$1.57M |
|
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.