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 | |
|---|---|---|---|---|---|---|
|
OCDX
1351
DELISTED
Ortho Clinical Diagnostics Holdings plc Ordinary Shares
OCDX
| $25M | 0.01% |
1,168,691
+293,458
| +34% | +$5.78M |
|
1352
Winnebago Industries
WGO
$885M
| $25M | 0.01% |
333,195
-93,332
| -22% | -$6.72M |
|
1353
Hawaiian Electric Industries
HE
$2.2B
| $24.9M | 0.01% |
601,115
-2,662
| -0.4% | -$108K |
|
|
LGF.B
1354
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $24.9M | 0.01% |
1,619,445
-103,892
| -6% | -$1.46M |
|
1355
Virtu Financial
VIRT
$5.2B
| $24.9M | 0.01% |
863,792
+47,098
| +6% | +$1.28M |
|
1356
Boise Cascade
BCC
$3.04B
| $24.9M | 0.01% |
349,541
-33,600
| -9% | -$2.17M |
|
1357
Iovance Biotherapeutics
IOVA
$1.95B
| $24.8M | 0.01% |
1,301,450
+63,252
| +5% | +$1.39M |
|
|
RCM
1358
DELISTED
R1 RCM Inc. Common Stock
RCM
| $24.8M | 0.01% |
974,402
+172,260
| +21% | +$4.13M |
|
1359
Helmerich & Payne
HP
$3.45B
| $24.7M | 0.01% |
1,043,223
+44,820
| +4% | +$1.28M |
|
1360
MediaAlpha
MAX
$781M
| $24.7M | 0.01% |
+1,600,000
| New | +$26.7M |
|
1361
Evolent Health
EVH
$350M
| $24.6M | 0.01% |
890,836
+301,669
| +51% | +$8.65M |
|
1362
Franklin Resources
BEN
$18.2B
| $24.6M | 0.01% |
733,144
-71,518
| -9% | -$2.35M |
|
1363
First Financial Bancorp
FFBC
$3.62B
| $24.4M | 0.01% |
1,002,589
-40,497
| -4% | -$980K |
|
1364
Minerals Technologies
MTX
$2.34B
| $24.4M | 0.01% |
334,153
-16,977
| -5% | -$1.22M |
|
1365
Knowles
KN
$3.45B
| $24.4M | 0.01% |
1,045,082
-185,200
| -15% | -$3.91M |
|
|
SWAV
1366
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $24.3M | 0.01% |
136,517
+62,161
| +84% | +$12.3M |
|
|
CWEN.A
1367
DELISTED
Clearway Energy Class A
CWEN.A
| $24.3M | 0.01% |
727,105
+67,112
| +10% | +$2.2M |
|
1368
Allogene Therapeutics
ALLO
$656M
| $24.3M | 0.01% |
1,629,417
+453,421
| +39% | +$8M |
|
1369
Campbell Soup
CPB
$6.79B
| $24.1M | 0.01% |
554,767
-822,468
| -60% | -$34.2M |
|
1370
AutoNation
AN
$7.13B
| $24.1M | 0.01% |
206,140
-218,224
| -51% | -$26.3M |
|
1371
NOV
NOV
$7.13B
| $24.1M | ﹤0.01% |
1,775,641
+272,600
| +18% | +$3.74M |
|
1372
Adient
ADNT
$1.66B
| $24.1M | ﹤0.01% |
502,419
+72,136
| +17% | +$3.24M |
|
1373
Lamb Weston
LW
$7.29B
| $24.1M | ﹤0.01% |
379,526
-965,018
| -72% | -$55.7M |
|
|
ODP
1374
DELISTED
ODP
ODP
| $24M | ﹤0.01% |
611,602
+80,480
| +15% | +$3.31M |
|
1375
Cracker Barrel
CBRL
$1.28B
| $24M | ﹤0.01% |
186,716
+21,248
| +13% | +$2.84M |
|
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.