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 | |
|---|---|---|---|---|---|---|
1376
Visteon
VC
$2.81B
| $24M | ﹤0.01% |
216,049
-22,800
| -10% | -$2.53M |
|
1377
Enpro
NPO
$7.06B
| $24M | ﹤0.01% |
217,726
| – | – |
|
|
RXDX
1378
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $23.9M | ﹤0.01% |
605,444
+213,492
| +54% | +$6.68M |
|
1379
Recursion Pharmaceuticals
RXRX
$1.76B
| $23.9M | ﹤0.01% |
1,397,274
+897,274
| +179% | +$16.9M |
|
1380
Nektar Therapeutics
NKTR
$2.38B
| $23.9M | ﹤0.01% |
117,828
+22,373
| +23% | +$4.85M |
|
1381
Jackson Financial
JXN
$9.32B
| $23.9M | ﹤0.01% |
570,732
-2,515,357
| -82% | -$82.4M |
|
1382
Nu Skin
NUS
$251M
| $23.8M | ﹤0.01% |
469,811
-141,951
| -23% | -$6.31M |
|
1383
Hilltop Holdings
HTH
$2.29B
| $23.8M | ﹤0.01% |
678,117
-13,952
| -2% | -$491K |
|
1384
Quaker Houghton
KWR
$2.89B
| $23.7M | ﹤0.01% |
102,823
-9,631
| -9% | -$2.33M |
|
|
PDM
1385
Piedmont Realty Trust
PDM
$1.24B
| $23.7M | ﹤0.01% |
1,290,566
-13,234
| -1% | -$242K |
|
1386
Artisan Partners
APAM
$3.03B
| $23.7M | ﹤0.01% |
497,694
| – | – |
|
|
VMEO
1387
DELISTED
Vimeo
VMEO
| $23.7M | ﹤0.01% |
1,320,017
+406,133
| +44% | +$9.89M |
|
1388
Xencor
XNCR
$1.44B
| $23.6M | ﹤0.01% |
587,914
-20,184
| -3% | -$765K |
|
1389
Pacira BioSciences
PCRX
$1.09B
| $23.6M | ﹤0.01% |
391,508
+131,982
| +51% | +$7.28M |
|
|
B
1390
DELISTED
Barnes Group Inc.
B
| $23.6M | ﹤0.01% |
505,574
-148,704
| -23% | -$6.57M |
|
1391
RLJ Lodging Trust
RLJ
$1.87B
| $23.5M | ﹤0.01% |
1,689,762
| – | – |
|
|
BDN
1392
Brandywine Realty Trust
BDN
$546M
| $23.5M | ﹤0.01% |
1,752,993
| – | – |
|
1393
Mueller Water Products
MWA
$4.04B
| $23.5M | ﹤0.01% |
1,632,786
-30,555
| -2% | -$459K |
|
1394
Medifast
MED
$108M
| $23.4M | ﹤0.01% |
111,741
| – | – |
|
1395
Ingevity
NGVT
$2.52B
| $23.4M | ﹤0.01% |
326,311
-3,613
| -1% | -$275K |
|
1396
Cabot Corp
CBT
$4.23B
| $23.3M | ﹤0.01% |
415,310
-62,600
| -13% | -$3.44M |
|
1397
WSFS Financial
WSFS
$4.19B
| $23.3M | ﹤0.01% |
465,680
+53,849
| +13% | +$2.82M |
|
1398
Lennar Class B
LEN.B
$20.1B
| $23.3M | ﹤0.01% |
256,405
| – | – |
|
1399
Kodiak Sciences
KOD
$2.49B
| $23.3M | ﹤0.01% |
274,816
-13,400
| -5% | -$1.36M |
|
1400
Stepan Co
SCL
$1.44B
| $23.2M | ﹤0.01% |
186,878
-37,185
| -17% | -$4.49M |
|
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.