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 | |
|---|---|---|---|---|---|---|
1876
Intrepid Potash
IPI
$456M
| $4.87M | ﹤0.01% |
59,300
+28,400
| +92% | +$1.57M |
|
|
CMRC
1877
Commerce.com Inc Series 1
CMRC
$269M
| $4.86M | ﹤0.01% |
221,992
+142,948
| +181% | +$3.84M |
|
1878
Hayward Holdings
HAYW
$3.41B
| $4.81M | ﹤0.01% |
289,490
+57,736
| +25% | +$1.09M |
|
1879
iQIYI
IQ
$1.28B
| $4.78M | ﹤0.01% |
1,052,122
-1,595,184
| -60% | -$6.66M |
|
1880
Phreesia
PHR
$707M
| $4.74M | ﹤0.01% |
179,942
+23,812
| +15% | +$730K |
|
1881
Magnachip Semiconductor
MX
$134M
| $4.74M | ﹤0.01% |
280,300
+13,700
| +5% | +$246K |
|
1882
Heron Therapeutics
HRTX
$96.8M
| $4.71M | ﹤0.01% |
823,322
+14,362
| +2% | +$105K |
|
|
CVGW
1883
DELISTED
Calavo Growers
CVGW
| $4.69M | ﹤0.01% |
128,637
| – | – |
|
|
MYOV
1884
DELISTED
Myovant Sciences Ltd.
MYOV
| $4.67M | ﹤0.01% |
350,531
-64,455
| -16% | -$864K |
|
|
ZIMV
1885
DELISTED
ZimVie
ZIMV
| $4.61M | ﹤0.01% |
+201,969
| New | +$4.76M |
|
1886
Axcelis
ACLS
$4.29B
| $4.57M | ﹤0.01% |
60,516
-229,300
| -79% | -$15.7M |
|
|
HAPN
1887
Happen Inc
HAPN
$2.41B
| $4.55M | ﹤0.01% |
288,200
| – | – |
|
1888
Marten Transport
MRTN
$1.22B
| $4.5M | ﹤0.01% |
253,400
+38,300
| +18% | +$671K |
|
1889
Upland Software
UPLD
$13.4M
| $4.46M | ﹤0.01% |
25,340
+4,020
| +19% | +$737K |
|
|
SWCH
1890
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $4.46M | ﹤0.01% |
144,570
-161,739
| -53% | -$4.31M |
|
|
SWI
1891
DELISTED
SolarWinds Corporation Common Stock
SWI
| $4.4M | ﹤0.01% |
330,417
+2,140
| +0.7% | +$28.2K |
|
1892
Rio Tinto
RIO
$161B
| $4.39M | ﹤0.01% |
54,558
-133,998
| -71% | -$10.2M |
|
1893
Baidu
BIDU
$38.2B
| $4.39M | ﹤0.01% |
33,153
-2,413,408
| -99% | -$364M |
|
|
NBP
1894
NovaBridge Biosciences American Depositary Shares
NBP
$191M
| $4.37M | ﹤0.01% |
269,330
+186,133
| +224% | +$4.77M |
|
1895
Zentalis Pharmaceuticals
ZNTL
$347M
| $4.37M | ﹤0.01% |
94,750
+40,967
| +76% | +$2.21M |
|
1896
BellRing Brands
BRBR
$1.48B
| $4.33M | ﹤0.01% |
+187,460
| New | +$4.7M |
|
1897
Workhorse Group
WKHS
$37.1M
| $4.25M | ﹤0.01% |
283
-26
| -8% | -$287K |
|
1898
Genco Shipping & Trading
GNK
$1.13B
| $4.24M | ﹤0.01% |
179,600
| – | – |
|
1899
Century Communities
CCS
$2B
| $4.24M | ﹤0.01% |
+79,066
| New | +$5.08M |
|
|
WW
1900
DELISTED
WW International
WW
| $4.17M | ﹤0.01% |
407,713
-54,846
| -12% | -$644K |
|
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.