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 | |
|---|---|---|---|---|---|---|
1451
OR Royalties Inc
OR
$5.77B
| $20.9M | ﹤0.01% |
1,710,148
| – | – |
|
1452
Urban Edge Properties
UE
$2.81B
| $20.9M | ﹤0.01% |
1,097,360
-39,918
| -4% | -$731K |
|
1453
Magnite
MGNI
$2.99B
| $20.8M | ﹤0.01% |
1,190,742
+224,499
| +23% | +$5.06M |
|
1454
Vir Biotechnology
VIR
$1.55B
| $20.8M | ﹤0.01% |
497,420
+103,751
| +26% | +$4.06M |
|
1455
GlobalFoundries
GFS
$28.5B
| $20.8M | ﹤0.01% |
+320,156
| New | +$19.9M |
|
1456
CBIZ
CBZ
$2.99B
| $20.8M | ﹤0.01% |
530,408
-43,600
| -8% | -$1.63M |
|
1457
Diamondrock Hospitality Co
DRH
$2.72B
| $20.7M | ﹤0.01% |
2,158,901
| – | – |
|
1458
Appian
APPN
$2.09B
| $20.7M | ﹤0.01% |
317,968
-16,737
| -5% | -$1.39M |
|
1459
Marathon Digital Holdings
MARA
$4.48B
| $20.7M | ﹤0.01% |
630,875
+387,138
| +159% | +$18.5M |
|
|
EVBG
1460
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $20.7M | ﹤0.01% |
307,900
+23,557
| +8% | +$2.85M |
|
1461
ESCO Technologies
ESE
$8.45B
| $20.6M | ﹤0.01% |
229,204
-106,992
| -32% | -$9.25M |
|
1462
Virgin Galactic
SPCE
$379M
| $20.6M | ﹤0.01% |
76,871
+4,003
| +5% | +$1.45M |
|
1463
Opko Health
OPK
$978M
| $20.6M | ﹤0.01% |
4,276,383
+1,215,448
| +40% | +$4.92M |
|
1464
Graham Holdings Company
GHC
$5.13B
| $20.5M | ﹤0.01% |
32,474
-9,739
| -23% | -$5.73M |
|
|
MFA
1465
MFA Financial
MFA
$924M
| $20.5M | ﹤0.01% |
1,121,295
| – | – |
|
1466
Renasant Corp
RNST
$4.05B
| $20.4M | ﹤0.01% |
536,814
+738
| +0.1% | +$28K |
|
|
SAGE
1467
DELISTED
Sage Therapeutics
SAGE
| $20.4M | ﹤0.01% |
478,436
+9,455
| +2% | +$396K |
|
|
HOUS
1468
DELISTED
Anywhere Real Estate
HOUS
| $20.3M | ﹤0.01% |
1,206,052
-42,280
| -3% | -$736K |
|
1469
Haemonetics
HAE
$3.88B
| $20.2M | ﹤0.01% |
381,771
-694
| -0.2% | -$42.3K |
|
1470
Innospec
IOSP
$2.14B
| $20.2M | ﹤0.01% |
223,843
-68,531
| -23% | -$6.05M |
|
1471
J&J Snack Foods
JJSF
$1.47B
| $20.2M | ﹤0.01% |
127,665
-8,134
| -6% | -$1.22M |
|
1472
Trustmark
TRMK
$2.82B
| $20.1M | ﹤0.01% |
620,188
-22,189
| -3% | -$726K |
|
1473
McGrath RentCorp
MGRC
$2.94B
| $20.1M | ﹤0.01% |
250,671
-12,577
| -5% | -$971K |
|
1474
Virtus Investment Partners
VRTS
$1.11B
| $20.1M | ﹤0.01% |
67,664
-1,810
| -3% | -$562K |
|
|
MANT
1475
DELISTED
Mantech International Corp
MANT
| $20.1M | ﹤0.01% |
274,926
-65,845
| -19% | -$5.02M |
|
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.