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 | |
|---|---|---|---|---|---|---|
1551
Patrick Industries
PATK
$2.9B
| $14.5M | ﹤0.01% |
361,140
| – | – |
|
1552
Schrodinger
SDGR
$1.23B
| $14.5M | ﹤0.01% |
425,183
+16,935
| +4% | +$514K |
|
1553
Kinross Gold
KGC
$30.5B
| $14.5M | ﹤0.01% |
2,469,552
-4,029,563
| -62% | -$22.5M |
|
1554
Agios Pharmaceuticals
AGIO
$1.89B
| $14.4M | ﹤0.01% |
495,892
+290,246
| +141% | +$8.87M |
|
1555
Compass Minerals
CMP
$1.26B
| $14.4M | ﹤0.01% |
229,055
+74,931
| +49% | +$4.26M |
|
1556
Sally Beauty Holdings
SBH
$1.51B
| $14.4M | ﹤0.01% |
919,320
-87,561
| -9% | -$1.52M |
|
|
VRE
1557
DELISTED
Veris Residential
VRE
| $14.3M | ﹤0.01% |
823,001
-12,899
| -2% | -$224K |
|
|
ACH
1558
Accendra Health
ACH
$227M
| $14.3M | ﹤0.01% |
324,517
+18,355
| +6% | +$788K |
|
|
SVC
1559
Service Properties Trust
SVC
$1.02B
| $14.3M | ﹤0.01% |
323,342
| – | – |
|
|
QVCGA
1560
DELISTED
QVC Group Inc Series A
QVCGA
| $14.3M | ﹤0.01% |
59,961
+33,235
| +124% | +$10.6M |
|
1561
Vir Biotechnology
VIR
$1.54B
| $14.2M | ﹤0.01% |
553,117
+55,697
| +11% | +$1.65M |
|
|
WWE
1562
DELISTED
World Wrestling Entertainment
WWE
| $14.2M | ﹤0.01% |
227,782
+3,223
| +1% | +$178K |
|
1563
Ligand Pharmaceuticals
LGND
$6.06B
| $14.2M | ﹤0.01% |
202,108
+5,811
| +3% | +$422K |
|
1564
Oxford Industries
OXM
$580M
| $14.2M | ﹤0.01% |
156,511
| – | – |
|
|
POLY
1565
DELISTED
Plantronics, Inc.
POLY
| $14.2M | ﹤0.01% |
359,468
| – | – |
|
|
PINC
1566
DELISTED
Premier
PINC
| $14.1M | ﹤0.01% |
397,123
-759,035
| -66% | -$28.3M |
|
1567
Gibraltar Industries
ROCK
$1.63B
| $14M | ﹤0.01% |
327,081
-8,800
| -3% | -$464K |
|
1568
Veracyte
VCYT
$3.71B
| $14M | ﹤0.01% |
509,001
+186,200
| +58% | +$5.33M |
|
1569
Fastly Inc
FSLY
$4.07B
| $14M | ﹤0.01% |
807,173
+46,084
| +6% | +$1.08M |
|
1570
Lamb Weston
LW
$7.33B
| $14M | ﹤0.01% |
234,107
-145,419
| -38% | -$9.03M |
|
1571
Aaon
AAON
$7.63B
| $14M | ﹤0.01% |
375,537
-124,523
| -25% | -$5.07M |
|
1572
Liberty Latin America Class C
LILAK
$1.66B
| $14M | ﹤0.01% |
1,600,116
-124,410
| -7% | -$1.18M |
|
|
OTLY
1573
Oatly Group
OTLY
$445M
| $13.9M | ﹤0.01% |
138,763
+14,865
| +12% | +$1.96M |
|
|
BBT
1574
Beacon Financial Corp
BBT
$2.68B
| $13.9M | ﹤0.01% |
479,003
| – | – |
|
1575
Lindsay Corp
LNN
$1.17B
| $13.8M | ﹤0.01% |
87,982
| – | – |
|
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.