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 | |
|---|---|---|---|---|---|---|
|
HTO
1551
H2O America
HTO
$2.6B
| $17.4M | ﹤0.01% |
238,219
| – | – |
|
1552
Duolingo
DUOL
$6.42B
| $17.4M | ﹤0.01% |
163,985
-27,694
| -14% | -$3.81M |
|
1553
Interparfums
IPAR
$4.12B
| $17.4M | ﹤0.01% |
162,519
-9,051
| -5% | -$812K |
|
1554
HNI Corp
HNI
$3.49B
| $17.3M | ﹤0.01% |
410,796
-40,475
| -9% | -$1.62M |
|
1555
Worthington Enterprises
WOR
$2.89B
| $17.2M | ﹤0.01% |
509,089
+11,352
| +2% | +$374K |
|
|
VSXY
1556
Victoria's Secret
VSXY
$7.09B
| $17M | ﹤0.01% |
305,393
-417,662
| -58% | -$21.8M |
|
1557
Equinox Gold
EQX
$7.56B
| $16.9M | ﹤0.01% |
2,500,473
-40,160
| -2% | -$293K |
|
|
MTOR
1558
DELISTED
MERITOR, Inc.
MTOR
| $16.9M | ﹤0.01% |
680,909
-167,800
| -20% | -$4.28M |
|
|
TVTY
1559
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $16.8M | ﹤0.01% |
636,458
-38,412
| -6% | -$977K |
|
|
AVYA
1560
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $16.8M | ﹤0.01% |
849,698
| – | – |
|
|
SAFE
1561
Safehold
SAFE
$1.16B
| $16.8M | ﹤0.01% |
133,706
| – | – |
|
|
MDRX
1562
DELISTED
Veradigm Inc. Common Stock
MDRX
| $16.8M | ﹤0.01% |
911,046
| – | – |
|
1563
St. Joe Company
JOE
$3.69B
| $16.8M | ﹤0.01% |
322,155
-17,692
| -5% | -$858K |
|
1564
LivePerson
LPSN
$27M
| $16.8M | ﹤0.01% |
31,265
| – | – |
|
|
TDCX
1565
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
| $16.7M | ﹤0.01% |
+870,000
| New | +$19.1M |
|
1566
Northwest Bancshares
NWBI
$2.34B
| $16.6M | ﹤0.01% |
1,170,504
| – | – |
|
1567
Tennant Co
TNC
$1.52B
| $16.6M | ﹤0.01% |
204,370
-21,910
| -10% | -$1.76M |
|
1568
PTC Therapeutics
PTCT
$5.77B
| $16.5M | ﹤0.01% |
414,626
-134,514
| -24% | -$5.15M |
|
|
DIDI
1569
DELISTED
DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share
DIDI
| $16.4M | ﹤0.01% |
3,301,170
-1,249,090
| -27% | -$9.48M |
|
|
JOBS
1570
DELISTED
51job Inc
JOBS
| $16.4M | ﹤0.01% |
334,416
| – | – |
|
1571
Corcept Therapeutics
CORT
$11.9B
| $16.3M | ﹤0.01% |
823,602
-262,800
| -24% | -$5.33M |
|
1572
Replimune Group
REPL
$1B
| $16.3M | ﹤0.01% |
601,445
| – | – |
|
|
OPTU
1573
Optimum Communications Inc
OPTU
$343M
| $16.2M | ﹤0.01% |
1,004,177
+63,572
| +7% | +$1.08M |
|
1574
The Greenbrier Companies
GBX
$1.56B
| $16.2M | ﹤0.01% |
353,696
+45,357
| +15% | +$1.97M |
|
|
CVAC
1575
DELISTED
CureVac
CVAC
| $16.2M | ﹤0.01% |
472,962
+104,556
| +28% | +$4.21M |
|
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.