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 | |
|---|---|---|---|---|---|---|
1826
Brown-Forman Class A
BF.A
$12.9B
| $6.23M | ﹤0.01% |
99,368
-8,002
| -7% | -$496K |
|
|
FSR
1827
DELISTED
Fisker Inc.
FSR
| $6.23M | ﹤0.01% |
483,049
-233,632
| -33% | -$2.93M |
|
1828
Fluence Energy
FLNC
$2.08B
| $6.2M | ﹤0.01% |
473,200
-970,562
| -67% | -$16.3M |
|
|
RETA
1829
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $6.16M | ﹤0.01% |
187,882
-30,843
| -14% | -$915K |
|
1830
NETGEAR
NTGR
$648M
| $6.14M | ﹤0.01% |
248,922
| – | – |
|
1831
XP
XP
$8.8B
| $6.12M | ﹤0.01% |
203,472
+125,532
| +161% | +$3.91M |
|
1832
Inogen
INGN
$182M
| $6.1M | ﹤0.01% |
188,296
-99,300
| -35% | -$3.12M |
|
|
NP
1833
DELISTED
Neenah, Inc. Common Stock
NP
| $6M | ﹤0.01% |
151,380
| – | – |
|
|
ONEM
1834
DELISTED
1Life Healthcare
ONEM
| $6M | ﹤0.01% |
541,799
-948,488
| -64% | -$10.6M |
|
1835
Gates Industrial Corporation Ltd.
GTES
$7.44B
| $5.99M | ﹤0.01% |
397,830
| – | – |
|
1836
Yext
YEXT
$569M
| $5.95M | ﹤0.01% |
863,431
| – | – |
|
|
TBI
1837
Trueblue
TBI
$229M
| $5.95M | ﹤0.01% |
205,854
+141,868
| +222% | +$3.9M |
|
1838
1st Source
SRCE
$2.18B
| $5.88M | ﹤0.01% |
127,080
| – | – |
|
1839
HUTCHMED
HCM
$2.01B
| $5.88M | ﹤0.01% |
310,559
+47,499
| +18% | +$1.21M |
|
1840
Kymera Therapeutics
KYMR
$8.59B
| $5.87M | ﹤0.01% |
138,691
+84,528
| +156% | +$3.57M |
|
|
UHT
1841
Universal Health Realty Income Trust
UHT
$592M
| $5.84M | ﹤0.01% |
100,032
| – | – |
|
|
ONL
1842
Orion Office REIT
ONL
$155M
| $5.81M | ﹤0.01% |
414,882
-115,008
| -22% | -$1.94M |
|
1843
Dyne Therapeutics
DYN
$4.71B
| $5.78M | ﹤0.01% |
600,000
-103,400
| -15% | -$880K |
|
|
ARR
1844
Armour Residential REIT
ARR
$2.31B
| $5.76M | ﹤0.01% |
137,142
| – | – |
|
|
ENFN
1845
DELISTED
Enfusion, Inc.
ENFN
| $5.67M | ﹤0.01% |
445,652
-50,000
| -10% | -$764K |
|
1846
Camping World
CWH
$694M
| $5.63M | ﹤0.01% |
201,597
| – | – |
|
|
AAN
1847
DELISTED
The Aaron's Company Inc
AAN
| $5.61M | ﹤0.01% |
279,269
| – | – |
|
|
BFS
1848
Saul Centers
BFS
$842M
| $5.56M | ﹤0.01% |
105,566
| – | – |
|
1849
Microvision
MVIS
$89.9M
| $5.54M | ﹤0.01% |
79,103
+58,285
| +280% | +$3.45M |
|
1850
Cognyte Software
CGNT
$685M
| $5.52M | ﹤0.01% |
488,494
-84,027
| -15% | -$971K |
|
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.