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 | |
|---|---|---|---|---|---|---|
1701
Westamerica Bancorp
WABC
$1.38B
| $11.8M | ﹤0.01% |
204,066
| – | – |
|
1702
AdaptHealth
AHCO
$806M
| $11.8M | ﹤0.01% |
481,083
+213,696
| +80% | +$5.02M |
|
|
GTY
1703
Getty Realty Corp
GTY
$2.06B
| $11.8M | ﹤0.01% |
366,631
| – | – |
|
|
SPWR
1704
DELISTED
SunPower Corporation Common Stock
SPWR
| $11.8M | ﹤0.01% |
563,304
-37,658
| -6% | -$1.02M |
|
|
BRKL
1705
DELISTED
Brookline Bancorp
BRKL
| $11.7M | ﹤0.01% |
724,150
-99,761
| -12% | -$1.59M |
|
1706
BancFirst
BANF
$3.81B
| $11.7M | ﹤0.01% |
165,338
| – | – |
|
1707
Abercrombie & Fitch
ANF
$4.91B
| $11.7M | ﹤0.01% |
334,767
-50,993
| -13% | -$1.99M |
|
1708
Apogee Enterprises
APOG
$900M
| $11.6M | ﹤0.01% |
241,559
| – | – |
|
1709
Life Time Group Holdings
LTH
$9.72B
| $11.6M | ﹤0.01% |
+674,688
| New | +$12.6M |
|
1710
Laureate Education
LAUR
$5.14B
| $11.6M | ﹤0.01% |
947,443
-43,326
| -4% | -$568K |
|
1711
Jack Henry & Associates
JKHY
$11.2B
| $11.6M | ﹤0.01% |
69,423
-5,761
| -8% | -$932K |
|
1712
Revolution Medicines
RVMD
$42.4B
| $11.6M | ﹤0.01% |
459,043
+53,077
| +13% | +$1.5M |
|
1713
Dine Brands
DIN
$449M
| $11.5M | ﹤0.01% |
152,323
| – | – |
|
|
OPI
1714
DELISTED
Office Properties Income Trust
OPI
| $11.5M | ﹤0.01% |
464,786
| – | – |
|
1715
Oceaneering
OII
$4.9B
| $11.5M | ﹤0.01% |
1,020,108
-177,400
| -15% | -$2.3M |
|
1716
Shenandoah Telecom
SHEN
$742M
| $11.5M | ﹤0.01% |
451,940
-8,896
| -2% | -$250K |
|
1717
Riot Platforms
RIOT
$8.02B
| $11.5M | ﹤0.01% |
514,616
+267,110
| +108% | +$7.95M |
|
1718
Matthews International
MATW
$863M
| $11.5M | ﹤0.01% |
313,284
-9,885
| -3% | -$358K |
|
1719
Progyny
PGNY
$2.37B
| $11.5M | ﹤0.01% |
227,728
-12,313
| -5% | -$689K |
|
1720
Palomar
PLMR
$3.6B
| $11.5M | ﹤0.01% |
176,948
| – | – |
|
1721
TriMas Corp
TRS
$1.45B
| $11.4M | ﹤0.01% |
308,769
-77,900
| -20% | -$2.68M |
|
1722
Regenxbio
RGNX
$745M
| $11.4M | ﹤0.01% |
348,379
+27,849
| +9% | +$948K |
|
|
CTXS
1723
DELISTED
Citrix Systems Inc
CTXS
| $11.4M | ﹤0.01% |
120,278
+49,352
| +70% | +$4.51M |
|
1724
Urban Outfitters
URBN
$6.65B
| $11.3M | ﹤0.01% |
386,216
-377,784
| -49% | -$12M |
|
1725
Golar LNG
GLNG
$5.19B
| $11.3M | ﹤0.01% |
914,538
+69,964
| +8% | +$892K |
|
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.