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 | |
|---|---|---|---|---|---|---|
1526
Encore Capital Group
ECPG
$1.99B
| $18.4M | ﹤0.01% |
296,592
| – | – |
|
1527
Amkor Technology
AMKR
$13.4B
| $18.4M | ﹤0.01% |
742,724
+16,900
| +2% | +$393K |
|
1528
Ubiquiti
UI
$34.4B
| $18.4M | ﹤0.01% |
59,971
+9,655
| +19% | +$2.94M |
|
|
SNBR
1529
DELISTED
Sleep Number
SNBR
| $18.4M | ﹤0.01% |
239,619
| – | – |
|
1530
Hope Bancorp
HOPE
$1.82B
| $18.3M | ﹤0.01% |
1,244,681
-32,100
| -3% | -$474K |
|
1531
Grocery Outlet
GO
$975M
| $18.3M | ﹤0.01% |
646,718
+24,850
| +4% | +$638K |
|
|
AAT
1532
American Assets Trust
AAT
$1.42B
| $18.2M | ﹤0.01% |
486,185
-19,289
| -4% | -$725K |
|
1533
Iridium Communications
IRDM
$5.13B
| $18.2M | ﹤0.01% |
441,601
+43,300
| +11% | +$1.75M |
|
1534
OSI Systems
OSIS
$3.87B
| $18.2M | ﹤0.01% |
195,397
-5,287
| -3% | -$496K |
|
1535
Boston Beer
SAM
$1.92B
| $18.2M | ﹤0.01% |
35,991
-32,203
| -47% | -$16.1M |
|
1536
Kontoor Brands
KTB
$4.62B
| $18.2M | ﹤0.01% |
354,547
+9,883
| +3% | +$530K |
|
1537
Samsara
IOT
$22.6B
| $18.1M | ﹤0.01% |
+644,913
| New | +$16.8M |
|
1538
Bloomin' Brands
BLMN
$1.01B
| $17.9M | ﹤0.01% |
854,878
-48,520
| -5% | -$1.02M |
|
1539
Green Dot
GDOT
$764M
| $17.9M | ﹤0.01% |
493,599
+11,258
| +2% | +$460K |
|
1540
Champion Homes
SKY
$5B
| $17.9M | ﹤0.01% |
226,363
+25,119
| +12% | +$1.81M |
|
1541
Liberty Latin America Class C
LILAK
$1.66B
| $17.9M | ﹤0.01% |
1,724,526
| – | – |
|
|
MZTI
1542
The Marzetti Company
MZTI
$3.05B
| $17.8M | ﹤0.01% |
107,562
-33,921
| -24% | -$5.56M |
|
1543
Pediatrix Medical
MD
$2.13B
| $17.8M | ﹤0.01% |
653,231
+263,441
| +68% | +$7.05M |
|
1544
John Wiley & Sons Class A
WLY
$2.76B
| $17.7M | ﹤0.01% |
309,674
-61,000
| -16% | -$3.3M |
|
1545
Gray Television
GTN
$447M
| $17.7M | ﹤0.01% |
877,986
-2,319
| -0.3% | -$51.3K |
|
|
GOOS
1546
Canada Goose Holdings
GOOS
$861M
| $17.7M | ﹤0.01% |
476,094
+30,600
| +7% | +$1.25M |
|
|
IRBT
1547
DELISTED
iRobot
IRBT
| $17.6M | ﹤0.01% |
267,870
-50,695
| -16% | -$4.01M |
|
|
PMT
1548
PennyMac Mortgage Investment
PMT
$824M
| $17.5M | ﹤0.01% |
1,012,369
| – | – |
|
1549
Warner Music
WMG
$13.6B
| $17.5M | ﹤0.01% |
+405,443
| New | +$18.2M |
|
|
EDR
1550
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $17.5M | ﹤0.01% |
+501,200
| New | +$14.2M |
|
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.