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 | |
|---|---|---|---|---|---|---|
|
MOMO
1576
Hello Group
MOMO
$881M
| $16.1M | ﹤0.01% |
1,796,515
| – | – |
|
|
TRQ
1577
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $16M | ﹤0.01% |
973,781
-39,842
| -4% | -$563K |
|
1578
Greif
GEF
$5.07B
| $16M | ﹤0.01% |
264,830
| – | – |
|
|
TPTX
1579
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $16M | ﹤0.01% |
334,783
| – | – |
|
1580
Oxford Industries
OXM
$578M
| $15.9M | ﹤0.01% |
156,511
| – | – |
|
1581
Nelnet
NNI
$4.89B
| $15.9M | ﹤0.01% |
162,284
| – | – |
|
1582
First Commonwealth Financial
FCF
$2.21B
| $15.8M | ﹤0.01% |
983,720
-123,025
| -11% | -$1.87M |
|
1583
Ormat Technologies
ORA
$6.14B
| $15.8M | ﹤0.01% |
199,534
-1,363
| -0.7% | -$103K |
|
1584
Patterson-UTI
PTEN
$3.83B
| $15.8M | ﹤0.01% |
1,869,055
| – | – |
|
|
VSTO
1585
DELISTED
Vista Outdoor Inc.
VSTO
| $15.7M | ﹤0.01% |
341,329
+37,309
| +12% | +$1.6M |
|
1586
AeroVironment
AVAV
$8.56B
| $15.7M | ﹤0.01% |
253,395
+78,500
| +45% | +$6.38M |
|
1587
Global Net Lease
GNL
$1.82B
| $15.7M | ﹤0.01% |
1,028,599
-66,761
| -6% | -$1.04M |
|
1588
Kanzhun
BZ
$7.36B
| $15.7M | ﹤0.01% |
449,993
+231,886
| +106% | +$8.14M |
|
|
NSTG
1589
DELISTED
NanoString Technologies, Inc.
NSTG
| $15.7M | ﹤0.01% |
371,589
-38,281
| -9% | -$1.67M |
|
|
BAND
1590
Bandwidth Inc
BAND
$1.49B
| $15.7M | ﹤0.01% |
218,137
-12,053
| -5% | -$939K |
|
1591
Jack in the Box
JACK
$329M
| $15.6M | ﹤0.01% |
178,752
-7,941
| -4% | -$738K |
|
|
AVNS
1592
DELISTED
Avanos Medical
AVNS
| $15.6M | ﹤0.01% |
450,822
-19,003
| -4% | -$614K |
|
1593
B&G Foods
BGS
$289M
| $15.6M | ﹤0.01% |
507,748
-67,510
| -12% | -$2.07M |
|
1594
AZZ Inc
AZZ
$4.59B
| $15.5M | ﹤0.01% |
280,983
-85,000
| -23% | -$4.61M |
|
1595
Lufax Holding
LU
$1.32B
| $15.5M | ﹤0.01% |
687,422
-493,681
| -42% | -$12.9M |
|
1596
Atara Biotherapeutics
ATRA
$79.1M
| $15.4M | ﹤0.01% |
39,034
+9,009
| +30% | +$3.79M |
|
1597
Horace Mann Educators
HMN
$2.09B
| $15.4M | ﹤0.01% |
397,395
+820
| +0.2% | +$32.2K |
|
|
VRE
1598
DELISTED
Veris Residential
VRE
| $15.4M | ﹤0.01% |
835,900
-16,452
| -2% | -$301K |
|
1599
Advantage Solutions
ADV
$549M
| $15.3M | ﹤0.01% |
76,145
-35,855
| -32% | -$7.37M |
|
1600
IAMGOLD
IAG
$8.55B
| $15.3M | ﹤0.01% |
4,881,363
| – | – |
|
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.