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 | |
|---|---|---|---|---|---|---|
1676
ADT
ADT
$5.57B
| $11M | ﹤0.01% |
1,444,421
+316,300
| +28% | +$2.41M |
|
1677
E.W. Scripps
SSP
$259M
| $10.8M | ﹤0.01% |
519,948
-60,437
| -10% | -$1.28M |
|
1678
MeiraGTx Holdings
MGTX
$1.15B
| $10.8M | ﹤0.01% |
779,286
| – | – |
|
|
FLNA
1679
Filana Therapeutics
FLNA
$47.1M
| $10.8M | ﹤0.01% |
289,841
| – | – |
|
1680
Madrigal Pharmaceuticals
MDGL
$11.8B
| $10.7M | ﹤0.01% |
109,506
| – | – |
|
1681
LendingTree
TREE
$474M
| $10.7M | ﹤0.01% |
89,093
| – | – |
|
1682
ACM Research
ACMR
$5.64B
| $10.7M | ﹤0.01% |
514,800
| – | – |
|
1683
Ryder
R
$10.2B
| $10.6M | ﹤0.01% |
133,886
-300,469
| -69% | -$23.4M |
|
1684
DNOW Inc
DNOW
$2.6B
| $10.6M | ﹤0.01% |
959,933
-98,700
| -9% | -$957K |
|
|
TDCX
1685
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
| $10.6M | ﹤0.01% |
870,000
| – | – |
|
1686
Sinclair Inc
SBGI
$1B
| $10.6M | ﹤0.01% |
377,181
-42,834
| -10% | -$1.19M |
|
|
GTY
1687
Getty Realty Corp
GTY
$2.06B
| $10.5M | ﹤0.01% |
366,631
| – | – |
|
|
AIV
1688
Aimco
AIV
$381M
| $10.4M | ﹤0.01% |
1,426,526
| – | – |
|
|
MOMO
1689
Hello Group
MOMO
$863M
| $10.4M | ﹤0.01% |
1,796,515
| – | – |
|
1690
Onto Innovation
ONTO
$14.2B
| $10.4M | ﹤0.01% |
119,492
| – | – |
|
1691
CTS Corp
CTS
$1.92B
| $10.4M | ﹤0.01% |
293,314
-29,368
| -9% | -$1.03M |
|
|
RPT
1692
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $10.3M | ﹤0.01% |
746,644
| – | – |
|
1693
CorVel
CRVL
$3.25B
| $10.2M | ﹤0.01% |
182,205
-25,128
| -12% | -$1.43M |
|
1694
AutoNation
AN
$7.08B
| $10.2M | ﹤0.01% |
102,678
-103,462
| -50% | -$11.4M |
|
1695
Replimune Group
REPL
$1.01B
| $10.2M | ﹤0.01% |
601,445
| – | – |
|
|
PRA
1696
DELISTED
ProAssurance
PRA
| $10.2M | ﹤0.01% |
377,660
-162,676
| -30% | -$4.02M |
|
1697
Scholastic
SCHL
$810M
| $10.1M | ﹤0.01% |
250,357
| – | – |
|
|
AGNT
1698
AGNT Inc
AGNT
$666M
| $10.1M | ﹤0.01% |
475,046
+47,700
| +11% | +$1.25M |
|
|
DCT
1699
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $10M | ﹤0.01% |
453,007
+38,846
| +9% | +$929K |
|
1700
Recursion Pharmaceuticals
RXRX
$1.69B
| $10M | ﹤0.01% |
1,397,275
+1
| +0% | +$11 |
|
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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.