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 | |
|---|---|---|---|---|---|---|
|
TWOU
1651
DELISTED
2U Inc
TWOU
| $13.4M | ﹤0.01% |
22,204
+2,657
| +14% | +$2.12M |
|
|
SFIX
1652
Stitch Fix
SFIX
$566M
| $13.4M | ﹤0.01% |
706,109
+202,759
| +40% | +$5.81M |
|
1653
Blue Owl Capital
OWL
$7.78B
| $13.3M | ﹤0.01% |
+893,800
| New | +$14.1M |
|
|
ACH
1654
Accendra Health
ACH
$246M
| $13.3M | ﹤0.01% |
306,162
+30,729
| +11% | +$1.2M |
|
1655
Empire State Realty Trust
ESRT
$848M
| $13.3M | ﹤0.01% |
1,494,874
-196,547
| -12% | -$1.94M |
|
1656
Veracyte
VCYT
$3.69B
| $13.3M | ﹤0.01% |
322,801
-162,200
| -33% | -$7.17M |
|
|
OPLN
1657
Openlane
OPLN
$4.28B
| $13.2M | ﹤0.01% |
847,323
-43,189
| -5% | -$661K |
|
1658
BGC Group
BGC
$5.28B
| $13.2M | ﹤0.01% |
2,839,777
| – | – |
|
1659
Strategic Education
STRA
$1.89B
| $13.1M | ﹤0.01% |
226,652
+39,546
| +21% | +$2.48M |
|
1660
Editas Medicine
EDIT
$416M
| $13M | ﹤0.01% |
490,627
+46,798
| +11% | +$1.61M |
|
1661
Northwest Natural Holdings
NWN
$2.05B
| $13M | ﹤0.01% |
266,897
+706
| +0.3% | +$32.8K |
|
1662
Phathom Pharmaceuticals
PHAT
$686M
| $13M | ﹤0.01% |
660,690
+331,347
| +101% | +$7.8M |
|
1663
Celestica
CLS
$42.2B
| $13M | ﹤0.01% |
1,162,868
| – | – |
|
1664
SkinHealth Systems
SKIN
$96.1M
| $12.9M | ﹤0.01% |
+534,900
| New | +$13.8M |
|
1665
NetEase
NTES
$83.3B
| $12.9M | ﹤0.01% |
126,813
-94,693
| -43% | -$9.62M |
|
|
AUY
1666
DELISTED
Yamana Gold, Inc.
AUY
| $12.9M | ﹤0.01% |
3,066,415
-8,937,474
| -74% | -$37M |
|
1667
Kaiser Aluminum
KALU
$2.86B
| $12.8M | ﹤0.01% |
136,342
-10,787
| -7% | -$1.09M |
|
|
FLNA
1668
Filana Therapeutics
FLNA
$48.3M
| $12.7M | ﹤0.01% |
289,841
| – | – |
|
1669
Griffon
GFF
$4.26B
| $12.6M | ﹤0.01% |
443,933
-86,004
| -16% | -$2.3M |
|
1670
Rio Tinto
RIO
$161B
| $12.6M | ﹤0.01% |
188,556
| – | – |
|
1671
JetBlue
JBLU
$2.48B
| $12.6M | ﹤0.01% |
886,339
-168,490
| -16% | -$2.48M |
|
|
NXGN
1672
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $12.6M | ﹤0.01% |
708,300
-96,968
| -12% | -$1.56M |
|
|
GCP
1673
DELISTED
GCP Applied Technologies Inc.
GCP
| $12.6M | ﹤0.01% |
397,778
-110,045
| -22% | -$2.81M |
|
1674
Lifestance Health
LFST
$3.96B
| $12.6M | ﹤0.01% |
1,321,716
-149,365
| -10% | -$1.58M |
|
1675
Driven Brands
DRVN
$2.45B
| $12.5M | ﹤0.01% |
372,336
-14,126
| -4% | -$442K |
|
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.