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 | |
|---|---|---|---|---|---|---|
1976
Select Water Solutions
WTTR
$2.3B
| $2.14M | ﹤0.01% |
250,100
+88,000
| +54% | +$686K |
|
1977
Five Point Holdings
FPH
$379M
| $2.09M | ﹤0.01% |
+342,100
| New | +$2.09M |
|
|
TPC
1978
Tutor Perini Cor
TPC
$4.51B
| $2.09M | ﹤0.01% |
193,126
-150,792
| -44% | -$1.69M |
|
1979
Fulcrum Therapeutics
FULC
$290M
| $2.06M | ﹤0.01% |
+87,100
| New | +$1.23M |
|
1980
Atlanta Braves Holdings Series A
BATRA
$3.52B
| $2.02M | ﹤0.01% |
70,349
-35,307
| -33% | -$953K |
|
1981
American Well
AMWL
$174M
| $2.01M | ﹤0.01% |
23,931
-27,467
| -53% | -$2.32M |
|
|
NXGN
1982
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2M | ﹤0.01% |
95,599
-612,701
| -87% | -$11.7M |
|
1983
Dole
DOLE
$1.33B
| $1.99M | ﹤0.01% |
160,506
-67,705
| -30% | -$937K |
|
1984
Global Industrial
GIC
$1.43B
| $1.99M | ﹤0.01% |
+61,700
| New | +$2.08M |
|
|
MRUS
1985
DELISTED
Merus
MRUS
| $1.98M | ﹤0.01% |
75,000
| – | – |
|
1986
Ardagh Metal Packaging
AMBP
$2.96B
| $1.92M | ﹤0.01% |
+236,128
| New | +$2.04M |
|
|
PLL
1987
DELISTED
Piedmont Lithium
PLL
| $1.91M | ﹤0.01% |
26,129
+6,555
| +33% | +$368K |
|
1988
Mercer International
MERC
$47.5M
| $1.88M | ﹤0.01% |
134,600
+2,600
| +2% | +$33.5K |
|
1989
Wheels Up
UP
$208M
| $1.85M | ﹤0.01% |
+2,979
| New | +$2.15M |
|
1990
Amneal Pharmaceuticals
AMRX
$5.9B
| $1.83M | ﹤0.01% |
439,257
-241,452
| -35% | -$1.07M |
|
1991
Douglas Elliman
DOUG
$160M
| $1.81M | ﹤0.01% |
+260,175
| New | +$1.97M |
|
1992
Universal Technical Institute
UTI
$2.33B
| $1.8M | ﹤0.01% |
203,200
| – | – |
|
1993
IDT Corp
IDT
$1.67B
| $1.79M | ﹤0.01% |
+52,400
| New | +$1.95M |
|
1994
Stagwell
STGW
$2.2B
| $1.78M | ﹤0.01% |
246,500
-104,700
| -30% | -$786K |
|
1995
Hackett Group
HCKT
$284M
| $1.75M | ﹤0.01% |
+75,900
| New | +$1.55M |
|
1996
Olema Pharmaceuticals
OLMA
$1.03B
| $1.72M | ﹤0.01% |
402,900
| – | – |
|
|
OCFT
1997
DELISTED
OneConnect Financial Technology
OCFT
| $1.72M | ﹤0.01% |
+121,667
| New | +$2.15M |
|
|
VLDR
1998
DELISTED
Velodyne Lidar, Inc. Common Stock
VLDR
| $1.71M | ﹤0.01% |
+666,500
| New | +$2.28M |
|
1999
Clearway Energy Class C
CWEN
$4.94B
| $1.69M | ﹤0.01% |
46,329
| – | – |
|
|
ITOS
2000
DELISTED
iTeos Therapeutics
ITOS
| $1.69M | ﹤0.01% |
52,500
| – | – |
|
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.