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 | |
|---|---|---|---|---|---|---|
|
ROIC
1401
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $23.2M | ﹤0.01% |
1,184,734
-17,176
| -1% | -$316K |
|
1402
Cerence
CRNC
$424M
| $23.1M | ﹤0.01% |
301,986
+17,300
| +6% | +$1.53M |
|
1403
GoodRx Holdings
GDRX
$1.07B
| $23M | ﹤0.01% |
+705,300
| New | +$28.4M |
|
1404
Asana
ASAN
$2.02B
| $23M | ﹤0.01% |
309,158
-198,773
| -39% | -$21M |
|
|
FOE
1405
DELISTED
Ferro Corporation
FOE
| $23M | ﹤0.01% |
1,053,377
-57,400
| -5% | -$1.22M |
|
1406
Twist Bioscience
TWST
$6.19B
| $23M | ﹤0.01% |
296,808
-22,579
| -7% | -$2.32M |
|
1407
JELD-WEN Holding
JELD
$156M
| $22.9M | ﹤0.01% |
870,154
+21,209
| +2% | +$550K |
|
|
AXNX
1408
DELISTED
Axonics, Inc. Common Stock
AXNX
| $22.8M | ﹤0.01% |
407,745
| – | – |
|
1409
Dycom Industries
DY
$12.5B
| $22.8M | ﹤0.01% |
243,084
| – | – |
|
|
HCP
1410
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $22.8M | ﹤0.01% |
+250,000
| New | +$21.7M |
|
1411
Columbia Banking Systems
COLB
$8.91B
| $22.7M | ﹤0.01% |
695,081
| – | – |
|
1412
CVB Financial
CVBF
$4.07B
| $22.7M | ﹤0.01% |
1,062,282
-50,188
| -5% | -$1.03M |
|
1413
Adeia
ADEA
$3.44B
| $22.7M | ﹤0.01% |
4,537,179
-150,497
| -3% | -$749K |
|
|
TSP
1414
DELISTED
TuSimple Holdings Inc. Class A Common Stock
TSP
| $22.7M | ﹤0.01% |
+632,924
| New | +$23.6M |
|
1415
WesBanco
WSBC
$4.01B
| $22.5M | ﹤0.01% |
644,426
-20,193
| -3% | -$710K |
|
1416
Beam Therapeutics
BEAM
$2.67B
| $22.5M | ﹤0.01% |
282,666
-30,887
| -10% | -$2.64M |
|
1417
O-I Glass
OI
$1.14B
| $22.5M | ﹤0.01% |
1,867,792
| – | – |
|
1418
Gibraltar Industries
ROCK
$1.37B
| $22.4M | ﹤0.01% |
335,881
-32,570
| -9% | -$2.33M |
|
1419
First Merchants
FRME
$2.74B
| $22.4M | ﹤0.01% |
534,004
-5,972
| -1% | -$250K |
|
1420
Banner Corp
BANR
$2.44B
| $22.4M | ﹤0.01% |
368,675
-25,500
| -6% | -$1.51M |
|
1421
Progress Software
PRGS
$1.7B
| $22.2M | ﹤0.01% |
460,223
-115,222
| -20% | -$5.74M |
|
1422
Brinker International
EAT
$9.66B
| $22.1M | ﹤0.01% |
604,408
+183,276
| +44% | +$7.57M |
|
|
DAY
1423
DELISTED
Dayforce
DAY
| $22.1M | ﹤0.01% |
211,641
+152,726
| +259% | +$17.5M |
|
1424
United Airlines
UAL
$43B
| $22.1M | ﹤0.01% |
504,652
-425,732
| -46% | -$19.7M |
|
1425
Agilon Health
AGL
$1.58B
| $22.1M | ﹤0.01% |
+32,722
| New | +$19.9M |
|
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.