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 |
Alphabet (Google) Class C
GOOG
|
+$2.21B |
| 2 |
Shell
SHEL
|
+$646M |
| 3 |
S&P Global
SPGI
|
+$609M |
| 4 |
Advanced Micro Devices
AMD
|
+$575M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$533M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$2.17B |
| 2 |
Chevron
CVX
|
+$1.22B |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$579M |
| 4 |
XLNX
Xilinx Inc
XLNX
|
+$487M |
| 5 |
Nucor
NUE
|
+$487M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.29% |
| 2 | Financials | 14.66% |
| 3 | Healthcare | 12.85% |
| 4 | Consumer Discretionary | 11.35% |
| 5 | Communication Services | 8.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
Hilltop Holdings
HTH
$2.27B
| $18.9M | ﹤0.01% |
642,083
-36,034
| -5% | -$1.18M |
|
1427
DigitalOcean
DOCN
$14.5B
| $18.8M | ﹤0.01% |
325,474
-478,342
| -60% | -$27.9M |
|
1428
Matsons
MATX
$6.06B
| $18.7M | ﹤0.01% |
154,911
+5,916
| +4% | +$596K |
|
1429
Telephone and Data Systems
TDS
$4.05B
| $18.7M | ﹤0.01% |
987,949
| – | – |
|
|
VSXY
1430
Victoria's Secret
VSXY
$7.29B
| $18.6M | ﹤0.01% |
362,593
+57,200
| +19% | +$3.11M |
|
1431
Bumble
BMBL
$374M
| $18.6M | ﹤0.01% |
642,308
+465,768
| +264% | +$12.9M |
|
1432
Twist Bioscience
TWST
$6.96B
| $18.6M | ﹤0.01% |
375,735
+78,927
| +27% | +$4.37M |
|
1433
Lennar Class B
LEN.B
$20.5B
| $18.5M | ﹤0.01% |
285,353
+28,948
| +11% | +$2.14M |
|
1434
CareTrust REIT
CTRE
$9.75B
| $18.5M | ﹤0.01% |
959,439
| – | – |
|
1435
Stepan Co
SCL
$1.45B
| $18.5M | ﹤0.01% |
186,878
| – | – |
|
|
REGI
1436
DELISTED
Renewable Energy Group, Inc.
REGI
| $18.5M | ﹤0.01% |
304,413
-145,100
| -32% | -$7.03M |
|
1437
Neogen
NEOG
$2.5B
| $18.5M | ﹤0.01% |
598,268
-256,785
| -30% | -$9.23M |
|
1438
Sprout Social
SPT
$497M
| $18.4M | ﹤0.01% |
230,012
+81,873
| +55% | +$5.61M |
|
|
AAT
1439
American Assets Trust
AAT
$1.41B
| $18.4M | ﹤0.01% |
486,185
| – | – |
|
1440
St. Joe Company
JOE
$3.71B
| $18.4M | ﹤0.01% |
310,769
-11,386
| -4% | -$589K |
|
|
GBT
1441
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $18.3M | ﹤0.01% |
529,590
+327,469
| +162% | +$9.79M |
|
1442
Provident Financial Services
PFS
$3.27B
| $18.3M | ﹤0.01% |
783,812
-23,816
| -3% | -$573K |
|
1443
Marathon Digital Holdings
MARA
$4.2B
| $18.3M | ﹤0.01% |
655,454
+24,579
| +4% | +$639K |
|
1444
NMI Holdings
NMIH
$3.31B
| $18.3M | ﹤0.01% |
888,096
| – | – |
|
1445
Tencent Music
TME
$15.7B
| $18.2M | ﹤0.01% |
3,741,731
| – | – |
|
1446
The Greenbrier Companies
GBX
$1.54B
| $18.2M | ﹤0.01% |
353,696
| – | – |
|
|
HTLF
1447
DELISTED
Heartland Financial USA, Inc.
HTLF
| $18.2M | ﹤0.01% |
380,175
| – | – |
|
1448
Oceaneering
OII
$4.91B
| $18.2M | ﹤0.01% |
1,197,438
+177,330
| +17% | +$2.55M |
|
|
MFA
1449
MFA Financial
MFA
$918M
| $18.1M | ﹤0.01% |
1,121,295
| – | – |
|
|
TWO
1450
Two Harbors Investment
TWO
$1.27B
| $18M | ﹤0.01% |
813,907
| – | – |
|
Similar funds
Norges Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Norges Bank held 2,291 positions worth $459B, down 5.7% from $486B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q1 2022 filing shows 87 new, 805 increased, 864 reduced and 129 closed positions. Its largest new stake was Shell: 12,168,641 shares worth $668M. The largest sale was Alphabet (Google) Class A, an estimated $2.17B.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2022 buy was Shell: 12,168,641 shares worth $668M.
- Norges Bank added most to Alphabet (Google) Class C in Q1 2022, an estimated $2.21B increase.
- Norges Bank's biggest Q1 2022 reduction was Alphabet (Google) Class A, cutting an estimated $2.17B.
- Norges Bank fully exited IHS Markit Ltd. Common Shares in Q1 2022, selling an estimated $579M.
- Norges Bank's ten largest holdings make up 23% of its $459B portfolio in Q1 2022.
- Norges Bank opened 87 new positions and closed 129 in Q1 2022.
- Norges Bank's portfolio value fell 5.7% quarter-over-quarter to $459B.
Based on Norges Bank's 13F filing for Q1 2022, filed 9 May 2022.