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 | |
|---|---|---|---|---|---|---|
1801
Weis Markets
WMK
$1.94B
| $8.66M | ﹤0.01% |
131,525
+58,000
| +79% | +$3.52M |
|
|
JAMF
1802
DELISTED
Jamf
JAMF
| $8.64M | ﹤0.01% |
227,328
+86,550
| +61% | +$3.35M |
|
1803
Yext
YEXT
$569M
| $8.56M | ﹤0.01% |
863,431
-21,739
| -2% | -$244K |
|
1804
uniQure
QURE
$3.06B
| $8.52M | ﹤0.01% |
410,983
+14,036
| +4% | +$403K |
|
1805
Factset
FDS
$9.59B
| $8.5M | ﹤0.01% |
17,498
-8,126
| -32% | -$3.64M |
|
1806
Brookdale Senior Living
BKD
$3.43B
| $8.5M | ﹤0.01% |
1,647,938
| – | – |
|
|
BRSP
1807
BrightSpire Capital
BRSP
$649M
| $8.45M | ﹤0.01% |
823,069
-52,536
| -6% | -$509K |
|
1808
America Movil
AMX
$74.9B
| $8.44M | ﹤0.01% |
400,000
| – | – |
|
|
FIRY
1809
Firy Inc
FIRY
$144M
| $8.4M | ﹤0.01% |
56,430
+5,803
| +11% | +$1.12M |
|
1810
Dyne Therapeutics
DYN
$4.71B
| $8.36M | ﹤0.01% |
703,400
-13,700
| -2% | -$193K |
|
|
NOAH
1811
Noah Holdings
NOAH
$584M
| $8.25M | ﹤0.01% |
268,932
| – | – |
|
|
ACCD
1812
DELISTED
Accolade Inc
ACCD
| $8.25M | ﹤0.01% |
312,983
+159,163
| +103% | +$5.22M |
|
|
ECOL
1813
DELISTED
US Ecology, Inc.
ECOL
| $8.22M | ﹤0.01% |
257,390
-34,945
| -12% | -$1.16M |
|
|
KZR
1814
DELISTED
Kezar Life Sciences
KZR
| $8.22M | ﹤0.01% |
+49,150
| New | +$5.55M |
|
1815
Gossamer Bio
GOSS
$84.9M
| $8.2M | ﹤0.01% |
724,800
| – | – |
|
1816
Core Laboratories
CLB
$491M
| $8.19M | ﹤0.01% |
367,277
-9,659
| -3% | -$252K |
|
1817
Camping World
CWH
$694M
| $8.14M | ﹤0.01% |
201,597
| – | – |
|
1818
Washington Trust Bancorp
WASH
$755M
| $8.13M | ﹤0.01% |
144,238
| – | – |
|
1819
Consensus Cloud Solutions
CCSI
$690M
| $8.12M | ﹤0.01% |
+140,306
| New | +$8.53M |
|
1820
Pennant Group
PNTG
$1.4B
| $8.11M | ﹤0.01% |
351,326
+149,100
| +74% | +$3.45M |
|
|
DISCK
1821
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $8.09M | ﹤0.01% |
353,420
-415,936
| -54% | -$10M |
|
1822
Coeur Mining
CDE
$16B
| $7.97M | ﹤0.01% |
1,581,175
| – | – |
|
|
CELL
1823
DELISTED
PhenomeX Inc. Common Stock
CELL
| $7.96M | ﹤0.01% |
438,004
-671,100
| -61% | -$14.5M |
|
1824
Columbia Financial
CLBK
$1.11B
| $7.92M | ﹤0.01% |
379,706
+20,526
| +6% | +$398K |
|
1825
Compass Minerals
CMP
$1.21B
| $7.87M | ﹤0.01% |
154,124
-45,800
| -23% | -$2.79M |
|
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.