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 | |
|---|---|---|---|---|---|---|
|
RPTX
1951
DELISTED
Repare Therapeutics
RPTX
| $3.94M | ﹤0.01% |
+186,800
| New | +$4.4M |
|
1952
ATN International
ATNI
$379M
| $3.93M | ﹤0.01% |
98,263
| – | – |
|
|
BRFS
1953
DELISTED
BRF SA
BRFS
| $3.86M | ﹤0.01% |
943,370
| – | – |
|
1954
ZipRecruiter
ZIP
$342M
| $3.86M | ﹤0.01% |
+154,600
| New | +$4.24M |
|
1955
Upland Software
UPLD
$13.1M
| $3.83M | ﹤0.01% |
+21,320
| New | +$5.42M |
|
1956
Prothena Corp
PRTA
$436M
| $3.79M | ﹤0.01% |
+76,800
| New | +$4.26M |
|
1957
Olema Pharmaceuticals
OLMA
$985M
| $3.77M | ﹤0.01% |
+402,900
| New | +$8.35M |
|
1958
N-able
NABL
$953M
| $3.75M | ﹤0.01% |
337,479
-45,998
| -12% | -$569K |
|
1959
CVR Energy
CVI
$3.31B
| $3.74M | ﹤0.01% |
222,641
| – | – |
|
1960
Community Health Systems
CYH
$412M
| $3.74M | ﹤0.01% |
+281,200
| New | +$3.53M |
|
1961
CareDx
CDNA
$2.48B
| $3.73M | ﹤0.01% |
82,119
+9,665
| +13% | +$504K |
|
1962
Treace Medical Concepts
TMCI
$304M
| $3.69M | ﹤0.01% |
+198,119
| New | +$4.09M |
|
1963
Marten Transport
MRTN
$1.22B
| $3.69M | ﹤0.01% |
215,100
+121,000
| +129% | +$2M |
|
|
OSG
1964
Octave Specialty Group
OSG
$255M
| $3.68M | ﹤0.01% |
229,386
| – | – |
|
1965
Sweetgreen
SG
$703M
| $3.68M | ﹤0.01% |
+114,911
| New | +$3.89M |
|
1966
JD.com
JD
$44.6B
| $3.66M | ﹤0.01% |
52,252
-73,500
| -58% | -$5.82M |
|
1967
AudioCodes
AUDC
$249M
| $3.64M | ﹤0.01% |
104,079
-25,600
| -20% | -$892K |
|
1968
SiTime
SITM
$16.5B
| $3.63M | ﹤0.01% |
12,399
| – | – |
|
|
RAPT
1969
DELISTED
RAPT Therapeutics
RAPT
| $3.62M | ﹤0.01% |
12,325
-17,763
| -59% | -$4.75M |
|
1970
Metallus
MTUS
$851M
| $3.6M | ﹤0.01% |
218,500
-37,800
| -15% | -$551K |
|
1971
Alpha Metallurgical Resources
AMR
$1.76B
| $3.6M | ﹤0.01% |
58,900
-22,900
| -28% | -$1.27M |
|
|
DCPH
1972
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $3.6M | ﹤0.01% |
368,042
| – | – |
|
1973
Alector
ALEC
$168M
| $3.59M | ﹤0.01% |
174,037
+63,388
| +57% | +$1.43M |
|
|
LX
1974
LexinFintech Holdings
LX
$242M
| $3.54M | ﹤0.01% |
917,563
| – | – |
|
|
NVEE
1975
DELISTED
NV5 Global
NVEE
| $3.54M | ﹤0.01% |
+102,400
| New | +$2.95M |
|
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.