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 | |
|---|---|---|---|---|---|---|
1651
Columbia Banking Systems
COLB
$8.9B
| $11.5M | ﹤0.01% |
357,468
-337,613
| -49% | -$11.8M |
|
1652
LivePerson
LPSN
$25.7M
| $11.5M | ﹤0.01% |
31,486
+221
| +0.7% | +$89.3K |
|
|
GCP
1653
DELISTED
GCP Applied Technologies Inc.
GCP
| $11.5M | ﹤0.01% |
365,972
-31,806
| -8% | -$1.01M |
|
1654
Apogee Enterprises
APOG
$904M
| $11.5M | ﹤0.01% |
241,559
| – | – |
|
|
VSTO
1655
DELISTED
Vista Outdoor Inc.
VSTO
| $11.4M | ﹤0.01% |
320,760
-20,569
| -6% | -$795K |
|
1656
Vicor
VICR
$10.3B
| $11.4M | ﹤0.01% |
162,167
-3,808
| -2% | -$342K |
|
1657
SFL Corp
SFL
$1.59B
| $11.4M | ﹤0.01% |
1,123,382
+31,840
| +3% | +$294K |
|
1658
Riot Platforms
RIOT
$8.29B
| $11.4M | ﹤0.01% |
539,977
+25,361
| +5% | +$458K |
|
1659
Enerpac Tool Group
EPAC
$1.89B
| $11.4M | ﹤0.01% |
520,679
-63,947
| -11% | -$1.21M |
|
1660
Sotera Health
SHC
$5.11B
| $11.4M | ﹤0.01% |
524,990
+52,659
| +11% | +$1.12M |
|
1661
Blue Owl Capital
OWL
$7.73B
| $11.3M | ﹤0.01% |
893,800
| – | – |
|
1662
Palomar
PLMR
$3.56B
| $11.3M | ﹤0.01% |
176,948
| – | – |
|
1663
Dine Brands
DIN
$453M
| $11.3M | ﹤0.01% |
144,772
-7,551
| -5% | -$562K |
|
1664
Laureate Education
LAUR
$5.25B
| $11.3M | ﹤0.01% |
950,043
+2,600
| +0.3% | +$31.5K |
|
|
ECHO
1665
EchoStar
ECHO
$25.5B
| $11.2M | ﹤0.01% |
461,138
| – | – |
|
|
MAXR
1666
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $11.2M | ﹤0.01% |
283,836
-59,444
| -17% | -$1.82M |
|
1667
Primoris Services
PRIM
$4.59B
| $11.2M | ﹤0.01% |
469,456
+253,600
| +117% | +$6.53M |
|
1668
MakeMyTrip
MMYT
$5.72B
| $11.1M | ﹤0.01% |
414,764
-18,910
| -4% | -$487K |
|
1669
JFrog
FROG
$10.4B
| $11.1M | ﹤0.01% |
412,477
-81,834
| -17% | -$2.07M |
|
1670
BridgeBio Pharma
BBIO
$16.1B
| $11.1M | ﹤0.01% |
1,093,895
+192,400
| +21% | +$1.97M |
|
1671
First Interstate BancSystem
FIBK
$3.72B
| $11.1M | ﹤0.01% |
301,934
+266,966
| +763% | +$10.5M |
|
1672
Sanmina
SANM
$10.9B
| $11.1M | ﹤0.01% |
274,285
-407,545
| -60% | -$16.2M |
|
1673
AMC Global Media
AMCX
$542M
| $11.1M | ﹤0.01% |
272,347
| – | – |
|
1674
Sony
SONY
$132B
| $11.1M | ﹤0.01% |
538,250
| – | – |
|
|
THS
1675
DELISTED
Treehouse Foods
THS
| $11M | ﹤0.01% |
342,470
-2,675
| -0.8% | -$101K |
|
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.