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 | |
|---|---|---|---|---|---|---|
1451
Central Garden & Pet Co Class A
CENTA
$2.41B
| $18M | ﹤0.01% |
551,650
| – | – |
|
1452
Acadia Realty Trust
AKR
$2.95B
| $18M | ﹤0.01% |
829,305
-25,577
| -3% | -$540K |
|
1453
Renasant Corp
RNST
$4.03B
| $18M | ﹤0.01% |
536,814
| – | – |
|
1454
Cohen & Steers
CNS
$4.33B
| $17.9M | ﹤0.01% |
208,682
| – | – |
|
1455
Trustmark
TRMK
$2.83B
| $17.9M | ﹤0.01% |
588,250
-31,938
| -5% | -$1.03M |
|
1456
Cosan
CSAN
$3B
| $17.8M | ﹤0.01% |
898,354
| – | – |
|
1457
Emergent Biosolutions
EBS
$389M
| $17.7M | ﹤0.01% |
431,421
+5,033
| +1% | +$222K |
|
1458
Dave & Buster's
PLAY
$364M
| $17.7M | ﹤0.01% |
359,639
+46,848
| +15% | +$1.87M |
|
1459
JELD-WEN Holding
JELD
$157M
| $17.6M | ﹤0.01% |
870,154
| – | – |
|
1460
Northwest Natural Holdings
NWN
$2.08B
| $17.6M | ﹤0.01% |
341,188
+74,291
| +28% | +$3.73M |
|
|
HOUS
1461
DELISTED
Anywhere Real Estate
HOUS
| $17.6M | ﹤0.01% |
1,125,296
-80,756
| -7% | -$1.35M |
|
|
ECOL
1462
DELISTED
US Ecology, Inc.
ECOL
| $17.6M | ﹤0.01% |
368,275
+110,885
| +43% | +$4.43M |
|
1463
Bloomin' Brands
BLMN
$1.01B
| $17.6M | ﹤0.01% |
803,580
-51,298
| -6% | -$1.11M |
|
1464
Corcept Therapeutics
CORT
$12B
| $17.6M | ﹤0.01% |
780,722
-42,880
| -5% | -$912K |
|
1465
Asana
ASAN
$2.05B
| $17.6M | ﹤0.01% |
439,397
+130,239
| +42% | +$6.78M |
|
1466
Carpenter Technology
CRS
$28.3B
| $17.5M | ﹤0.01% |
417,422
+46,000
| +12% | +$1.61M |
|
1467
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $17.5M | ﹤0.01% |
488,187
| – | – |
|
1468
Parsons
PSN
$5.1B
| $17.5M | ﹤0.01% |
452,280
+46,817
| +12% | +$1.6M |
|
1469
Kemper
KMPR
$1.72B
| $17.5M | ﹤0.01% |
309,242
-196,749
| -39% | -$10.9M |
|
1470
NewMarket
NEU
$8.11B
| $17.4M | ﹤0.01% |
53,620
-4,391
| -8% | -$1.44M |
|
1471
Ubiquiti
UI
$34.4B
| $17.3M | ﹤0.01% |
59,498
-473
| -0.8% | -$128K |
|
1472
8x8 Inc
EGHT
$333M
| $17.3M | ﹤0.01% |
1,374,949
-364,094
| -21% | -$5.04M |
|
1473
GlobalFoundries
GFS
$27.1B
| $17.3M | ﹤0.01% |
277,295
-42,861
| -13% | -$2.53M |
|
|
IRBT
1474
DELISTED
iRobot
IRBT
| $17.2M | ﹤0.01% |
271,765
+3,895
| +1% | +$246K |
|
1475
Greif
GEF
$5.12B
| $17.2M | ﹤0.01% |
264,830
| – | – |
|
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.