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 | |
|---|---|---|---|---|---|---|
1776
Scansource
SCSC
$1.16B
| $7.62M | ﹤0.01% |
219,111
| – | – |
|
|
BRSP
1777
BrightSpire Capital
BRSP
$649M
| $7.61M | ﹤0.01% |
823,069
| – | – |
|
1778
Alector
ALEC
$168M
| $7.49M | ﹤0.01% |
525,956
+351,919
| +202% | +$5.57M |
|
1779
Cactus
WHD
$5.12B
| $7.47M | ﹤0.01% |
131,625
| – | – |
|
|
LKFT
1780
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.75B
| $7.44M | ﹤0.01% |
120,000
| – | – |
|
1781
Varex Imaging
VREX
$502M
| $7.44M | ﹤0.01% |
349,509
| – | – |
|
|
AVYA
1782
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $7.42M | ﹤0.01% |
586,002
-263,696
| -31% | -$4.1M |
|
1783
Cimpress
CMPR
$2.4B
| $7.42M | ﹤0.01% |
116,695
-28,506
| -20% | -$1.9M |
|
1784
Scholar Rock
SRRK
$5.49B
| $7.4M | ﹤0.01% |
574,372
| – | – |
|
1785
Innoviva
INVA
$1.53B
| $7.4M | ﹤0.01% |
382,261
| – | – |
|
1786
Heartland Express
HTLD
$949M
| $7.39M | ﹤0.01% |
525,003
-54,550
| -9% | -$813K |
|
|
FARO
1787
DELISTED
Faro Technologies
FARO
| $7.35M | ﹤0.01% |
141,632
| – | – |
|
1788
Sabesp
SBS
$19.1B
| $7.34M | ﹤0.01% |
3,849,581
| – | – |
|
1789
Axsome Therapeutics
AXSM
$10.9B
| $7.34M | ﹤0.01% |
177,280
-15,049
| -8% | -$466K |
|
1790
Columbia Financial
CLBK
$1.11B
| $7.33M | ﹤0.01% |
340,966
-38,740
| -10% | -$828K |
|
1791
NetEase
NTES
$84.2B
| $7.31M | ﹤0.01% |
81,449
-45,364
| -36% | -$4.32M |
|
|
NTUS
1792
DELISTED
Natus Medical Inc
NTUS
| $7.29M | ﹤0.01% |
277,397
| – | – |
|
|
DHC
1793
Diversified Healthcare Trust
DHC
$2.13B
| $7.29M | ﹤0.01% |
2,278,014
| – | – |
|
1794
Tower Semiconductor
TSEM
$27.1B
| $7.28M | ﹤0.01% |
150,358
-96,200
| -39% | -$4.06M |
|
|
EBIX
1795
DELISTED
Ebix Inc
EBIX
| $7.28M | ﹤0.01% |
219,540
+1,400
| +0.6% | +$43.7K |
|
1796
B&G Foods
BGS
$290M
| $7.27M | ﹤0.01% |
269,542
-238,206
| -47% | -$7.16M |
|
|
FIRY
1797
Firy Inc
FIRY
$144M
| $7.27M | ﹤0.01% |
121,136
+64,706
| +115% | +$5.28M |
|
1798
TIM SA
TIMB
$9.04B
| $7.16M | ﹤0.01% |
493,513
-141,963
| -22% | -$1.79M |
|
|
SFIX
1799
Stitch Fix
SFIX
$567M
| $7.11M | ﹤0.01% |
706,109
| – | – |
|
1800
TaskUs
TASK
$599M
| $7.08M | ﹤0.01% |
184,000
-491,800
| -73% | -$17.3M |
|
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.