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 | |
|---|---|---|---|---|---|---|
1476
TAL Education Group
TAL
$6.65B
| $20M | ﹤0.01% |
5,095,528
| – | – |
|
1477
3D Systems Corp
DDD
$581M
| $20M | ﹤0.01% |
928,354
-11,715
| -1% | -$296K |
|
1478
Sabre
SABR
$838M
| $20M | ﹤0.01% |
2,324,725
| – | – |
|
1479
TripAdvisor
TRIP
$1.67B
| $19.9M | ﹤0.01% |
731,301
-10,504
| -1% | -$322K |
|
|
VISN
1480
Vistance Networks Inc
VISN
$2.82B
| $19.9M | ﹤0.01% |
1,804,789
| – | – |
|
1481
Telephone and Data Systems
TDS
$4.07B
| $19.9M | ﹤0.01% |
987,949
+172,497
| +21% | +$3.37M |
|
1482
Methode Electronics
MEI
$536M
| $19.9M | ﹤0.01% |
404,709
-25,200
| -6% | -$1.13M |
|
1483
NewMarket
NEU
$8.18B
| $19.9M | ﹤0.01% |
58,011
| – | – |
|
1484
LGI Homes
LGIH
$1.43B
| $19.8M | ﹤0.01% |
128,471
-30,000
| -19% | -$4.39M |
|
1485
Towne Bank
TOWN
$3.53B
| $19.7M | ﹤0.01% |
624,786
+37,000
| +6% | +$1.18M |
|
|
OTLY
1486
Oatly Group
OTLY
$461M
| $19.7M | ﹤0.01% |
123,898
-53,745
| -30% | -$11.9M |
|
1487
Perrigo
PRGO
$1.49B
| $19.7M | ﹤0.01% |
507,014
-4,239
| -0.8% | -$178K |
|
1488
Glaukos
GKOS
$10.1B
| $19.7M | ﹤0.01% |
442,791
-29,245
| -6% | -$1.35M |
|
1489
First Majestic Silver
AG
$8.13B
| $19.6M | ﹤0.01% |
1,763,888
-27,094
| -2% | -$327K |
|
|
LPRO
1490
DELISTED
Open Lending Corp
LPRO
| $19.6M | ﹤0.01% |
873,144
+213,716
| +32% | +$6.06M |
|
|
ELME
1491
Elme Communities
ELME
$144M
| $19.6M | ﹤0.01% |
758,765
| – | – |
|
1492
Autohome
ATHM
$2.64B
| $19.6M | ﹤0.01% |
664,280
| – | – |
|
1493
Provident Financial Services
PFS
$3.3B
| $19.6M | ﹤0.01% |
807,628
| – | – |
|
1494
Verra Mobility
VRRM
$848M
| $19.6M | ﹤0.01% |
1,267,694
+214,221
| +20% | +$3.25M |
|
1495
TG Therapeutics
TGTX
$7.46B
| $19.4M | ﹤0.01% |
1,022,922
+198,098
| +24% | +$5.14M |
|
1496
Patrick Industries
PATK
$2.88B
| $19.4M | ﹤0.01% |
361,140
| – | – |
|
1497
NMI Holdings
NMIH
$3.34B
| $19.4M | ﹤0.01% |
888,096
-23,858
| -3% | -$530K |
|
1498
Definitive Healthcare
DH
$73.9M
| $19.4M | ﹤0.01% |
709,884
+369,380
| +108% | +$12.9M |
|
|
AY
1499
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $19.4M | ﹤0.01% |
542,482
-27,729
| -5% | -$1.04M |
|
1500
Cohen & Steers
CNS
$4.32B
| $19.3M | ﹤0.01% |
208,682
-2,721
| -1% | -$252K |
|
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.