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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
+11.12%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$486B
AUM Growth
+$34.4B
Cap. Flow
-$6.45B
Cap. Flow %
-1.33%
Top 10 Hldgs %
23.63%
Holding
2,366
New
96
Increased
712
Reduced
1,022
Closed
162

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$629M
2
TMUS icon
T-Mobile US
TMUS
+$562M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$500M
4
ADSK icon
Autodesk
ADSK
+$426M
5
QCOM icon
Qualcomm
QCOM
+$353M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$894M
2
AAPL icon
Apple
AAPL
+$645M
3
V icon
Visa
V
+$405M
4
NET icon
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
CWAN
1776
DELISTED
Clearwater Analytics
CWAN
$9.57M ﹤0.01%
416,287
-33,713
-7% -$762K
CENX icon
1777
Century Aluminum
CENX
$4.47B
$9.56M ﹤0.01%
577,033
+63,200
+12% +$925K
PRO
1778
DELISTED
PROS Holdings
PRO
$9.52M ﹤0.01%
275,957
+43,199
+19% +$1.48M
ADT icon
1779
ADT
ADT
$5.76B
$9.49M ﹤0.01%
1,128,121
-111,600
-9% -$951K
DDS icon
1780
Dillards
DDS
$9.57B
$9.46M ﹤0.01%
38,611
+2,404
+7% +$632K
RNG icon
1781
RingCentral
RNG
$4.81B
$9.43M ﹤0.01%
50,341
+23,156
+85% +$5.14M
DBX icon
1782
Dropbox
DBX
$7.71B
$9.38M ﹤0.01%
382,278
-2,350,149
-86% -$63.2M
AMCX icon
1783
AMC Global Media
AMCX
$479M
$9.38M ﹤0.01%
272,347
– –
ATI icon
1784
ATI
ATI
$26.4B
$9.35M ﹤0.01%
586,787
-658,826
-53% -$10.6M
ENTA icon
1785
Enanta Pharmaceuticals
ENTA
$377M
$9.3M ﹤0.01%
124,344
+14,408
+13% +$1.13M
MDGL icon
1786
Madrigal Pharmaceuticals
MDGL
$11.1B
$9.28M ﹤0.01%
109,506
+8,500
+8% +$698K
HCM icon
1787
HUTCHMED
HCM
$2.01B
$9.23M ﹤0.01%
+263,060
New +$8.55M
DCH
1788
Dauch Corp
DCH
$1.38B
$9.17M ﹤0.01%
982,890
-38,793
-4% -$371K
PLTK icon
1789
Playtika
PLTK
$1.54B
$9.11M ﹤0.01%
526,808
+63,636
+14% +$1.42M
SCS
1790
DELISTED
Steelcase
SCS
$9.1M ﹤0.01%
776,711
-84,026
-10% -$1.01M
KYNB
1791
Kyntra Bio
KYNB
$27.4M
$9.06M ﹤0.01%
25,700
-1,103
-4% -$343K
ATCO
1792
DELISTED
Atlas Corp.
ATCO
$9.04M ﹤0.01%
637,895
-17,934
-3% -$253K
DNOW icon
1793
DNOW Inc
DNOW
$2.6B
$9.04M ﹤0.01%
1,058,633
-192,968
-15% -$1.67M
BBBY
1794
Bed Bath & Beyond
BBBY
$507M
$9.03M ﹤0.01%
168,357
– –
SI
1795
DELISTED
Silvergate Capital Corporation
SI
$9.02M ﹤0.01%
60,875
+22,131
+57% +$3.78M
CGNT icon
1796
Cognyte Software
CGNT
$676M
$8.97M ﹤0.01%
572,521
+12,588
+2% +$254K
SFL icon
1797
SFL Corp
SFL
$1.65B
$8.9M ﹤0.01%
1,091,542
+91,491
+9% +$761K
BATRK icon
1798
Atlanta Braves Holdings Series B
BATRK
$3.27B
$8.84M ﹤0.01%
314,716
– –
INN
1799
Summit Hotel Properties
INN
$749M
$8.82M ﹤0.01%
903,340
-4,448
-0.5% -$43.2K
SWCH
1800
DELISTED
Switch, Inc. Class A Common Stock
SWCH
$8.77M ﹤0.01%
306,309
+92,302
+43% +$2.41M
70 71
72
73 74

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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.