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 | |
|---|---|---|---|---|---|---|
1726
Microvast
MVST
$274M
| $11.3M | ﹤0.01% |
2,000,000
| – | – |
|
1727
Healthcare Services Group
HCSG
$1.61B
| $11.3M | ﹤0.01% |
634,827
+18,083
| +3% | +$352K |
|
|
FSR
1728
DELISTED
Fisker Inc.
FSR
| $11.3M | ﹤0.01% |
716,681
+328,340
| +85% | +$5.68M |
|
1729
E.W. Scripps
SSP
$258M
| $11.2M | ﹤0.01% |
580,385
-12,212
| -2% | -$236K |
|
1730
Sotera Health
SHC
$5.13B
| $11.1M | ﹤0.01% |
472,331
+169,138
| +56% | +$4.05M |
|
|
KAMN
1731
DELISTED
Kaman Corp
KAMN
| $11.1M | ﹤0.01% |
257,400
-127,400
| -33% | -$5.02M |
|
1732
Sinclair Inc
SBGI
$1B
| $11.1M | ﹤0.01% |
420,015
-119,885
| -22% | -$3.2M |
|
|
WWE
1733
DELISTED
World Wrestling Entertainment
WWE
| $11.1M | ﹤0.01% |
224,559
-143,130
| -39% | -$7.79M |
|
1734
Huron Consulting
HURN
$2.39B
| $11.1M | ﹤0.01% |
221,707
-33,491
| -13% | -$1.67M |
|
1735
Varex Imaging
VREX
$502M
| $11M | ﹤0.01% |
349,509
+25,518
| +8% | +$723K |
|
|
AIV
1736
Aimco
AIV
$387M
| $11M | ﹤0.01% |
1,426,526
| – | – |
|
1737
LendingTree
TREE
$448M
| $10.9M | ﹤0.01% |
89,093
-39,643
| -31% | -$5.27M |
|
1738
Carpenter Technology
CRS
$27B
| $10.8M | ﹤0.01% |
371,422
-153,962
| -29% | -$4.8M |
|
1739
Edgewell Personal Care
EPC
$1.27B
| $10.8M | ﹤0.01% |
235,522
-234,087
| -50% | -$9.44M |
|
1740
Syndax Pharmaceuticals
SNDX
$1.7B
| $10.6M | ﹤0.01% |
+484,900
| New | +$8.96M |
|
|
DVAX
1741
DELISTED
Dynavax Technologies
DVAX
| $10.6M | ﹤0.01% |
750,000
+311,700
| +71% | +$5.13M |
|
|
POLY
1742
DELISTED
Plantronics, Inc.
POLY
| $10.5M | ﹤0.01% |
359,468
| – | – |
|
1743
Rocket Pharmaceuticals
RCKT
$372M
| $10.5M | ﹤0.01% |
482,779
+151,100
| +46% | +$4.12M |
|
1744
CryoPort
CYRX
$781M
| $10.5M | ﹤0.01% |
177,881
+78,027
| +78% | +$5.4M |
|
1745
InMode
INMD
$882M
| $10.5M | ﹤0.01% |
149,066
+134,376
| +915% | +$10.8M |
|
1746
Stock Yards Bancorp
SYBT
$2.62B
| $10.4M | ﹤0.01% |
163,558
+16,337
| +11% | +$1.03M |
|
1747
Cimpress
CMPR
$2.4B
| $10.4M | ﹤0.01% |
145,201
-11,224
| -7% | -$919K |
|
|
AMWD
1748
DELISTED
American Woodmark
AMWD
| $10.4M | ﹤0.01% |
159,256
-10,069
| -6% | -$682K |
|
|
ENFN
1749
DELISTED
Enfusion, Inc.
ENFN
| $10.4M | ﹤0.01% |
+495,652
| New | +$10M |
|
1750
Sylvamo
SLVM
$1.52B
| $10.3M | ﹤0.01% |
+369,740
| New | +$10.8M |
|
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.