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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
-3.69%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$459B
AUM Growth
-$27.6B
Cap. Flow
+$61.1M
Cap. Flow %
0.01%
Top 10 Hldgs %
23.45%
Holding
2,291
New
87
Increased
805
Reduced
864
Closed
129

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$2.21B
2
SHEL icon
Shell
SHEL
+$646M
3
SPGI icon
S&P Global
SPGI
+$609M
4
AMD icon
Advanced Micro Devices
AMD
+$575M
5
TMO icon
Thermo Fisher Scientific
TMO
+$533M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$2.17B
2
CVX icon
Chevron
CVX
+$1.22B
3
INFO
IHS Markit Ltd. Common Shares
INFO
+$579M
4
XLNX
Xilinx Inc
XLNX
+$487M
5
NUE icon
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
IOT icon
1701
Samsara
IOT
$23.8B
$9.97M ﹤0.01%
622,222
-22,691
-4% -$433K
NEO icon
1702
NeoGenomics
NEO
$2.13B
$9.95M ﹤0.01%
819,335
– –
ENTA icon
1703
Enanta Pharmaceuticals
ENTA
$400M
$9.93M ﹤0.01%
139,506
+15,162
+12% +$987K
CVAC
1704
DELISTED
CureVac
CVAC
$9.93M ﹤0.01%
506,162
+33,200
+7% +$663K
TPTX
1705
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
$9.9M ﹤0.01%
368,783
+34,000
+10% +$1.14M
BATRK icon
1706
Atlanta Braves Holdings Series B
BATRK
$3.21B
$9.82M ﹤0.01%
351,695
+36,979
+12% +$966K
DRVN icon
1707
Driven Brands
DRVN
$2.2B
$9.78M ﹤0.01%
372,336
– –
Z icon
1708
Zillow
Z
$7.56B
$9.75M ﹤0.01%
197,869
-660,604
-77% -$35.5M
DBX icon
1709
Dropbox
DBX
$8.12B
$9.75M ﹤0.01%
419,456
+37,178
+10% +$866K
SHEN icon
1710
Shenandoah Telecom
SHEN
$746M
$9.75M ﹤0.01%
413,285
-38,655
-9% -$872K
STBA icon
1711
S&T Bancorp
STBA
$1.79B
$9.72M ﹤0.01%
328,545
+17,900
+6% +$562K
SAFE
1712
DELISTED
Safehold Inc.
SAFE
$9.71M ﹤0.01%
175,035
+5,404
+3% +$335K
PRO
1713
DELISTED
PROS Holdings
PRO
$9.69M ﹤0.01%
290,981
+15,024
+5% +$462K
LZB icon
1714
La-Z-Boy
LZB
$1.69B
$9.67M ﹤0.01%
366,648
+164,481
+81% +$5.27M
TGTX icon
1715
TG Therapeutics
TGTX
$7.62B
$9.66M ﹤0.01%
1,015,422
-7,500
-0.7% -$86.8K
BRKL
1716
DELISTED
Brookline Bancorp
BRKL
$9.64M ﹤0.01%
609,114
-115,036
-16% -$1.94M
DK icon
1717
Delek US
DK
$3.58B
$9.62M ﹤0.01%
453,319
-16,108
-3% -$292K
POST icon
1718
Post Holdings
POST
$3.57B
$9.61M ﹤0.01%
138,807
-243,711
-64% -$17.1M
FRSH icon
1719
Freshworks
FRSH
$3.27B
$9.6M ﹤0.01%
+535,540
New +$10.9M
CDE icon
1720
Coeur Mining
CDE
$17.9B
$9.52M ﹤0.01%
2,138,975
+557,800
+35% +$2.66M
USNA icon
1721
Usana Health Sciences
USNA
$286M
$9.51M ﹤0.01%
119,651
– –
FTI icon
1722
TechnipFMC
FTI
$27.3B
$9.5M ﹤0.01%
1,225,505
-3,360,163
-73% -$23.5M
XRX icon
1723
Xerox
XRX
$425M
$9.45M ﹤0.01%
468,587
-866,911
-65% -$18.2M
BAND
1724
Bandwidth Inc
BAND
$1.61B
$9.43M ﹤0.01%
291,237
+73,100
+34% +$3.5M
WMK icon
1725
Weis Markets
WMK
$1.86B
$9.39M ﹤0.01%
131,525
– –
67 68
69
70 71

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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.