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 | |
|---|---|---|---|---|---|---|
|
VRTV
2026
DELISTED
VERITIV CORPORATION
VRTV
| $2.18M | ﹤0.01% |
17,752
| – | – |
|
|
LOGC
2027
DELISTED
ContextLogic
LOGC
| $2.14M | ﹤0.01% |
22,984
+17,984
| +360% | +$2.38M |
|
|
SCPL
2028
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $2.11M | ﹤0.01% |
+153,100
| New | +$2.74M |
|
2029
Quanex
NX
$883M
| $2.11M | ﹤0.01% |
85,091
+23,700
| +39% | +$529K |
|
|
DSKE
2030
DELISTED
Daseke, Inc. Common Stock
DSKE
| $2.1M | ﹤0.01% |
209,700
-155,900
| -43% | -$1.53M |
|
|
ATC
2031
DELISTED
Atotech Limited
ATC
| $2.1M | ﹤0.01% |
82,454
-2,082,417
| -96% | -$51M |
|
2032
Clearfield
CLFD
$436M
| $2.08M | ﹤0.01% |
+24,700
| New | +$1.55M |
|
|
MAXN
2033
DELISTED
Maxeon Solar Technologies
MAXN
| $2.08M | ﹤0.01% |
1,498
| – | – |
|
|
INST
2034
DELISTED
Instructure Holdings, Inc.
INST
| $2.05M | ﹤0.01% |
85,494
-10,356
| -11% | -$251K |
|
|
EPZM
2035
DELISTED
Epizyme, Inc
EPZM
| $2.05M | ﹤0.01% |
818,853
+72,475
| +10% | +$285K |
|
2036
Anika Therapeutics
ANIK
$277M
| $2.03M | ﹤0.01% |
+56,700
| New | +$2.27M |
|
|
SONX
2037
DELISTED
Sonendo, Inc.
SONX
| $2.03M | ﹤0.01% |
+351,778
| New | +$3.17M |
|
2038
Metropolitan Bank Holding Corp
MCB
$1.15B
| $1.98M | ﹤0.01% |
18,600
| – | – |
|
2039
Shift4
FOUR
$4.31B
| $1.97M | ﹤0.01% |
34,068
-94,378
| -73% | -$6M |
|
2040
Weibo
WB
$2.01B
| $1.93M | ﹤0.01% |
62,128
-591,000
| -90% | -$24M |
|
|
HSII
2041
DELISTED
Heidrick & Struggles
HSII
| $1.88M | ﹤0.01% |
43,000
-25,400
| -37% | -$1.16M |
|
2042
Precigen
PGEN
$2.36B
| $1.87M | ﹤0.01% |
504,590
| – | – |
|
2043
Aveanna Healthcare
AVAH
$2.09B
| $1.81M | ﹤0.01% |
245,272
-58,343
| -19% | -$424K |
|
|
VVNT
2044
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $1.79M | ﹤0.01% |
183,072
-19,968
| -10% | -$196K |
|
|
EVLO
2045
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
| $1.79M | ﹤0.01% |
14,712
| – | – |
|
|
TBI
2046
Trueblue
TBI
$229M
| $1.77M | ﹤0.01% |
63,986
-146,902
| -70% | -$4.16M |
|
|
AVDX
2047
DELISTED
AvidXchange
AVDX
| $1.76M | ﹤0.01% |
+116,955
| New | +$2.44M |
|
2048
Myers Industries
MYE
$1.38B
| $1.75M | ﹤0.01% |
87,578
| – | – |
|
2049
Altimmune
ALT
$583M
| $1.74M | ﹤0.01% |
189,600
+122,000
| +180% | +$1.3M |
|
2050
Johnson Outdoors
JOUT
$502M
| $1.73M | ﹤0.01% |
18,480
-5,100
| -22% | -$536K |
|
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.