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 | |
|---|---|---|---|---|---|---|
|
DCT
1676
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $12.5M | ﹤0.01% |
414,161
+176,332
| +74% | +$5.67M |
|
|
APPH
1677
DELISTED
AppHarvest, Inc. Common Stock
APPH
| $12.4M | ﹤0.01% |
3,200,000
| – | – |
|
1678
Pilgrim's Pride
PPC
$6.65B
| $12.4M | ﹤0.01% |
440,905
| – | – |
|
1679
Capitol Federal Financial
CFFN
$1.12B
| $12.4M | ﹤0.01% |
1,096,464
-109,700
| -9% | -$1.29M |
|
1680
CNA Financial
CNA
$14.5B
| $12.4M | ﹤0.01% |
281,386
+29,549
| +12% | +$1.31M |
|
1681
PBF Energy
PBF
$8.05B
| $12.4M | ﹤0.01% |
954,499
+217,357
| +29% | +$3.01M |
|
1682
Cal-Maine
CALM
$4.08B
| $12.3M | ﹤0.01% |
333,155
+70,108
| +27% | +$2.54M |
|
1683
NBT Bancorp
NBTB
$2.75B
| $12.3M | ﹤0.01% |
319,406
| – | – |
|
1684
AAR Corp
AIR
$5.71B
| $12.3M | ﹤0.01% |
314,865
| – | – |
|
1685
Sturm, Ruger & Co
RGR
$616M
| $12.2M | ﹤0.01% |
179,291
-55,903
| -24% | -$4.06M |
|
|
ECHO
1686
EchoStar
ECHO
$24.9B
| $12.2M | ﹤0.01% |
461,138
| – | – |
|
1687
Usana Health Sciences
USNA
$422M
| $12.1M | ﹤0.01% |
119,651
| – | – |
|
1688
Onto Innovation
ONTO
$13.4B
| $12.1M | ﹤0.01% |
119,492
| – | – |
|
1689
iQIYI
IQ
$1.26B
| $12.1M | ﹤0.01% |
2,647,306
-208,550
| -7% | -$1.48M |
|
1690
MakeMyTrip
MMYT
$5.81B
| $12M | ﹤0.01% |
433,674
+38,936
| +10% | +$1.16M |
|
1691
Dave & Buster's
PLAY
$403M
| $12M | ﹤0.01% |
312,791
-168,400
| -35% | -$6.24M |
|
1692
iHeartMedia
IHRT
$602M
| $12M | ﹤0.01% |
570,657
+190,657
| +50% | +$4.04M |
|
1693
IMAX
IMAX
$2.8B
| $12M | ﹤0.01% |
670,706
+128,722
| +24% | +$2.47M |
|
1694
Enviri
NVRI
$651M
| $12M | ﹤0.01% |
715,644
-184,193
| -20% | -$2.97M |
|
1695
Penske Automotive Group
PAG
$14.3B
| $11.9M | ﹤0.01% |
111,162
-109,581
| -50% | -$11.5M |
|
|
HOLI
1696
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $11.9M | ﹤0.01% |
845,265
| – | – |
|
1697
G-III Apparel Group
GIII
$1.54B
| $11.9M | ﹤0.01% |
429,866
| – | – |
|
1698
Enerpac Tool Group
EPAC
$1.85B
| $11.9M | ﹤0.01% |
584,626
-44,920
| -7% | -$965K |
|
1699
CTS Corp
CTS
$1.86B
| $11.8M | ﹤0.01% |
322,682
| – | – |
|
|
VNET
1700
VNET Group
VNET
$2.04B
| $11.8M | ﹤0.01% |
1,311,215
| – | – |
|
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.