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 | |
|---|---|---|---|---|---|---|
|
ATCO
1726
DELISTED
Atlas Corp.
ATCO
| $9.36M | ﹤0.01% |
637,895
| – | – |
|
1727
Editas Medicine
EDIT
$434M
| $9.33M | ﹤0.01% |
490,627
| – | – |
|
1728
TTM Technologies
TTMI
$14.1B
| $9.31M | ﹤0.01% |
628,379
+168,169
| +37% | +$2.31M |
|
|
BBBY
1729
Bed Bath & Beyond
BBBY
$437M
| $9.29M | ﹤0.01% |
232,331
+63,974
| +38% | +$2.84M |
|
1730
City Holding Co
CHCO
$2.06B
| $9.23M | ﹤0.01% |
117,311
| – | – |
|
1731
Artisan Partners
APAM
$3.06B
| $9.22M | ﹤0.01% |
234,330
-263,364
| -53% | -$10.7M |
|
|
IMGN
1732
DELISTED
Immunogen Inc
IMGN
| $9.21M | ﹤0.01% |
1,934,900
| – | – |
|
|
MGI
1733
DELISTED
MoneyGram International, Inc. New
MGI
| $9.18M | ﹤0.01% |
+869,200
| New | +$8.36M |
|
|
KYNB
1734
Kyntra Bio
KYNB
$28.5M
| $9.16M | ﹤0.01% |
30,497
+4,797
| +19% | +$1.67M |
|
1735
Matthews International
MATW
$838M
| $9.12M | ﹤0.01% |
281,703
-31,581
| -10% | -$1.08M |
|
1736
Huron Consulting
HURN
$2.37B
| $9.09M | ﹤0.01% |
198,462
-23,245
| -10% | -$1.07M |
|
1737
Allegro MicroSystems
ALGM
$8.01B
| $9.09M | ﹤0.01% |
320,088
+173,254
| +118% | +$4.95M |
|
1738
Life Time Group Holdings
LTH
$9.91B
| $9.08M | ﹤0.01% |
624,688
-50,000
| -7% | -$759K |
|
1739
Atara Biotherapeutics
ATRA
$80.9M
| $9.07M | ﹤0.01% |
39,034
| – | – |
|
1740
Playtika
PLTK
$1.51B
| $9.03M | ﹤0.01% |
467,313
-59,495
| -11% | -$1.06M |
|
|
INN
1741
Summit Hotel Properties
INN
$740M
| $9M | ﹤0.01% |
903,340
| – | – |
|
1742
Phathom Pharmaceuticals
PHAT
$700M
| $8.99M | ﹤0.01% |
660,690
| – | – |
|
1743
Astec Industries
ASTE
$1.1B
| $8.96M | ﹤0.01% |
208,420
| – | – |
|
1744
The Honest Company
HNST
$425M
| $8.91M | ﹤0.01% |
1,710,867
| – | – |
|
1745
Griffon
GFF
$4.57B
| $8.89M | ﹤0.01% |
443,933
| – | – |
|
|
TWOU
1746
DELISTED
2U Inc
TWOU
| $8.67M | ﹤0.01% |
21,766
-438
| -2% | -$176K |
|
1747
Stock Yards Bancorp
SYBT
$2.66B
| $8.65M | ﹤0.01% |
163,558
| – | – |
|
|
SCS
1748
DELISTED
Steelcase
SCS
| $8.6M | ﹤0.01% |
719,864
-56,847
| -7% | -$687K |
|
1749
Nektar Therapeutics
NKTR
$2.48B
| $8.6M | ﹤0.01% |
106,375
-11,453
| -10% | -$1.7M |
|
1750
Scorpio Tankers
STNG
$3.8B
| $8.59M | ﹤0.01% |
401,745
| – | – |
|
Similar funds
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.