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 | |
|---|---|---|---|---|---|---|
1876
Plains GP Holdings
PAGP
$5.15B
| $6.31M | ﹤0.01% |
622,299
+389,399
| +167% | +$4.19M |
|
1877
1st Source
SRCE
$2.18B
| $6.3M | ﹤0.01% |
127,080
| – | – |
|
|
TSC
1878
DELISTED
TriState Capital Holdings, Inc.
TSC
| $6.29M | ﹤0.01% |
207,900
+160,000
| +334% | +$4.52M |
|
1879
eHealth
EHTH
$43.8M
| $6.24M | ﹤0.01% |
244,871
+79,800
| +48% | +$2.65M |
|
1880
Fomento Económico Mexicano
FMX
$42.8B
| $6.24M | ﹤0.01% |
+80,339
| New | +$6.29M |
|
1881
American Well
AMWL
$180M
| $6.21M | ﹤0.01% |
51,398
+15,438
| +43% | +$2.35M |
|
1882
Reynolds Consumer Products
REYN
$5.32B
| $6.17M | ﹤0.01% |
196,481
-114,697
| -37% | -$3.34M |
|
|
SOHU
1883
Sohu.com
SOHU
$364M
| $6.13M | ﹤0.01% |
376,513
| – | – |
|
|
LYLT
1884
DELISTED
Loyalty Ventures Inc. Common Stock
LYLT
| $6.11M | ﹤0.01% |
+203,269
| New | +$6.56M |
|
1885
Hayward Holdings
HAYW
$3.28B
| $6.08M | ﹤0.01% |
231,754
| – | – |
|
|
BNT
1886
Brookfield Wealth Solutions
BNT
$12B
| $6.08M | ﹤0.01% |
145,203
| – | – |
|
1887
Health Catalyst
HCAT
$163M
| $6.03M | ﹤0.01% |
152,167
+95,632
| +169% | +$4.36M |
|
1888
Bumble
BMBL
$403M
| $5.98M | ﹤0.01% |
176,540
+32,911
| +23% | +$1.4M |
|
|
UHT
1889
Universal Health Realty Income Trust
UHT
$592M
| $5.95M | ﹤0.01% |
100,032
| – | – |
|
1890
Nu Holdings
NU
$69.8B
| $5.92M | ﹤0.01% |
+630,732
| New | +$6.19M |
|
|
GBT
1891
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $5.92M | ﹤0.01% |
202,121
-165,657
| -45% | -$5.13M |
|
1892
Theravance Biopharma
TBPH
$874M
| $5.89M | ﹤0.01% |
533,094
+290,600
| +120% | +$2.53M |
|
1893
SiriusPoint
SPNT
$2.75B
| $5.89M | ﹤0.01% |
724,181
| – | – |
|
|
RETA
1894
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $5.77M | ﹤0.01% |
218,725
| – | – |
|
|
BFS
1895
Saul Centers
BFS
$842M
| $5.6M | ﹤0.01% |
105,566
| – | – |
|
1896
Magnachip Semiconductor
MX
$127M
| $5.59M | ﹤0.01% |
+266,600
| New | +$4.93M |
|
1897
Arcutis Biotherapeutics
ARQT
$3.24B
| $5.5M | ﹤0.01% |
265,393
+204,277
| +334% | +$4.07M |
|
1898
Sabesp
SBS
$19B
| $5.48M | ﹤0.01% |
3,849,581
| – | – |
|
|
CVGW
1899
DELISTED
Calavo Growers
CVGW
| $5.45M | ﹤0.01% |
128,637
-176,241
| -58% | -$7.22M |
|
|
CNVY
1900
DELISTED
Convey Health Solutions Holdings, Inc.
CNVY
| $5.39M | ﹤0.01% |
645,127
+512,435
| +386% | +$3.76M |
|
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.