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 | |
|---|---|---|---|---|---|---|
1576
Nelnet
NNI
$4.88B
| $13.8M | ﹤0.01% |
162,284
| – | – |
|
1577
AZZ Inc
AZZ
$4.57B
| $13.8M | ﹤0.01% |
285,483
+4,500
| +2% | +$223K |
|
|
HEES
1578
DELISTED
H&E Equipment Services
HEES
| $13.8M | ﹤0.01% |
316,366
-2,700
| -0.8% | -$114K |
|
1579
Asbury Automotive
ABG
$3.94B
| $13.8M | ﹤0.01% |
85,935
-38,248
| -31% | -$6.69M |
|
1580
BancFirst
BANF
$3.83B
| $13.8M | ﹤0.01% |
165,338
| – | – |
|
1581
CNA Financial
CNA
$14.2B
| $13.7M | ﹤0.01% |
281,386
| – | – |
|
1582
Atmos Energy
ATO
$28.7B
| $13.7M | ﹤0.01% |
114,463
+40,666
| +55% | +$4.44M |
|
1583
Virgin Galactic
SPCE
$371M
| $13.7M | ﹤0.01% |
69,161
-7,710
| -10% | -$1.44M |
|
1584
Installed Building Products
IBP
$6.51B
| $13.6M | ﹤0.01% |
161,549
+11,002
| +7% | +$1.16M |
|
1585
TTEC Holdings
TTEC
$128M
| $13.6M | ﹤0.01% |
165,366
| – | – |
|
1586
GoodRx Holdings
GDRX
$1.11B
| $13.6M | ﹤0.01% |
705,300
| – | – |
|
|
OPTU
1587
Optimum Communications Inc
OPTU
$307M
| $13.6M | ﹤0.01% |
1,087,194
+83,017
| +8% | +$1.11M |
|
1588
Green Dot
GDOT
$764M
| $13.6M | ﹤0.01% |
493,599
| – | – |
|
|
DISCK
1589
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $13.6M | ﹤0.01% |
542,773
+189,353
| +54% | +$5.14M |
|
|
HOLI
1590
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $13.5M | ﹤0.01% |
845,265
| – | – |
|
|
VISN
1591
Vistance Networks Inc
VISN
$2.79B
| $13.4M | ﹤0.01% |
1,702,968
-101,821
| -6% | -$931K |
|
1592
Microvast
MVST
$281M
| $13.4M | ﹤0.01% |
2,000,000
| – | – |
|
1593
Cardlytics
CDLX
$23.8M
| $13.4M | ﹤0.01% |
24,319
+9,696
| +66% | +$5.86M |
|
|
FYBR
1594
DELISTED
Frontier Communications
FYBR
| $13.3M | ﹤0.01% |
+481,482
| New | +$13.3M |
|
|
LADR
1595
Ladder Capital
LADR
$1.2B
| $13.3M | ﹤0.01% |
1,116,400
| – | – |
|
|
JAMF
1596
DELISTED
Jamf
JAMF
| $13.2M | ﹤0.01% |
380,224
+152,896
| +67% | +$5.19M |
|
1597
PagerDuty
PD
$865M
| $13.2M | ﹤0.01% |
386,119
-222,903
| -37% | -$7.17M |
|
1598
Opko Health
OPK
$1.01B
| $13.2M | ﹤0.01% |
3,832,941
-443,442
| -10% | -$1.57M |
|
1599
Schneider National
SNDR
$6.4B
| $13.1M | ﹤0.01% |
515,344
+2,035
| +0.4% | +$53K |
|
|
CTEV
1600
Claritev Corp
CTEV
$445M
| $13.1M | ﹤0.01% |
70,195
-15,034
| -18% | -$2.48M |
|
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.