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 | |
|---|---|---|---|---|---|---|
1426
HealthEquity
HQY
$8.72B
| $22.1M | ﹤0.01% |
499,062
-149,460
| -23% | -$8.7M |
|
1427
Trinity Industries
TRN
$2.5B
| $22M | ﹤0.01% |
727,501
+143,088
| +24% | +$4.09M |
|
1428
Wolverine World Wide
WWW
$1.62B
| $21.9M | ﹤0.01% |
761,836
-24,015
| -3% | -$766K |
|
1429
CareTrust REIT
CTRE
$9.74B
| $21.9M | ﹤0.01% |
959,439
-27,210
| -3% | -$576K |
|
1430
Protolabs
PRLB
$1.92B
| $21.9M | ﹤0.01% |
426,011
+141,568
| +50% | +$8.35M |
|
1431
International Bancshares
IBOC
$4.74B
| $21.7M | ﹤0.01% |
511,257
| – | – |
|
1432
Axcelis
ACLS
$4.29B
| $21.6M | ﹤0.01% |
289,816
+229,300
| +379% | +$13.6M |
|
1433
Genworth Financial
GNW
$3.76B
| $21.6M | ﹤0.01% |
5,330,792
-62,900
| -1% | -$261K |
|
1434
Under Armour
UAA
$2.89B
| $21.6M | ﹤0.01% |
1,018,061
-187,115
| -16% | -$4.25M |
|
1435
BP
BP
$109B
| $21.5M | ﹤0.01% |
809,138
-1,148,275
| -59% | -$31.8M |
|
|
SASR
1436
DELISTED
Sandy Spring Bancorp Inc
SASR
| $21.5M | ﹤0.01% |
447,845
+3,800
| +0.9% | +$184K |
|
|
EPAY
1437
DELISTED
Bottomline Technologies Inc
EPAY
| $21.5M | ﹤0.01% |
379,908
-99,853
| -21% | -$4.67M |
|
1438
Asbury Automotive
ABG
$4.09B
| $21.4M | ﹤0.01% |
124,183
-149,634
| -55% | -$27.5M |
|
1439
Kratos Defense & Security Solutions
KTOS
$9.73B
| $21.4M | ﹤0.01% |
1,105,450
+254,667
| +30% | +$5.37M |
|
1440
Four Corners Property Trust
FCPT
$2.78B
| $21.4M | ﹤0.01% |
728,026
-17,128
| -2% | -$487K |
|
1441
InterDigital
IDCC
$7.98B
| $21.4M | ﹤0.01% |
298,891
| – | – |
|
|
NOVA
1442
DELISTED
Sunnova Energy
NOVA
| $21.4M | ﹤0.01% |
766,012
+125,688
| +20% | +$4.53M |
|
1443
Brink's
BCO
$4.76B
| $21.3M | ﹤0.01% |
325,417
-36,750
| -10% | -$2.37M |
|
|
XHR
1444
Xenia Hotels & Resorts
XHR
$1.89B
| $21.2M | ﹤0.01% |
1,171,582
-12,866
| -1% | -$227K |
|
|
JWN
1445
DELISTED
Nordstrom
JWN
| $21.2M | ﹤0.01% |
937,795
-17,596
| -2% | -$466K |
|
1446
PagerDuty
PD
$871M
| $21.2M | ﹤0.01% |
609,022
+216,549
| +55% | +$8.38M |
|
1447
Central Garden & Pet Co Class A
CENTA
$2.39B
| $21.1M | ﹤0.01% |
551,650
-28,250
| -5% | -$1.05M |
|
1448
Vicor
VICR
$9.85B
| $21.1M | ﹤0.01% |
165,975
-2,408
| -1% | -$341K |
|
1449
Eastern Bankshares
EBC
$5.35B
| $21.1M | ﹤0.01% |
1,044,188
-108,059
| -9% | -$2.24M |
|
1450
Installed Building Products
IBP
$6.15B
| $21M | ﹤0.01% |
150,547
-12,319
| -8% | -$1.58M |
|
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.