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 | |
|---|---|---|---|---|---|---|
2026
Equity Bancshares
EQBK
$1.06B
| $1.26M | ﹤0.01% |
+39,000
| New | +$1.27M |
|
2027
BioAtla
BCAB
$5.56M
| $1.26M | ﹤0.01% |
+5,024
| New | +$2.1M |
|
|
AVID
2028
DELISTED
Avid Technology Inc
AVID
| $1.26M | ﹤0.01% |
+36,000
| New | +$1.12M |
|
2029
monday.com
MNDY
$3.97B
| $1.22M | ﹤0.01% |
+7,738
| New | +$1.45M |
|
2030
Shift4
FOUR
$4.41B
| $1.19M | ﹤0.01% |
19,232
-14,836
| -44% | -$782K |
|
|
BTTX
2031
DELISTED
Better Therapeutics, Inc. Common Stock
BTTX
| $1.18M | ﹤0.01% |
+597,015
| New | +$2.06M |
|
2032
Arcutis Biotherapeutics
ARQT
$3.26B
| $1.18M | ﹤0.01% |
61,116
-204,277
| -77% | -$3.46M |
|
|
HDSN
2033
Hudson Technologies
HDSN
$266M
| $1.17M | ﹤0.01% |
+189,200
| New | +$839K |
|
2034
Xometry
XMTR
$5.06B
| $1.16M | ﹤0.01% |
31,578
| – | – |
|
2035
TriCo Bancshares
TCBK
$1.87B
| $1.16M | ﹤0.01% |
+28,900
| New | +$1.25M |
|
2036
Altimmune
ALT
$597M
| $1.15M | ﹤0.01% |
189,600
| – | – |
|
2037
N-able
NABL
$981M
| $1.13M | ﹤0.01% |
124,487
-212,992
| -63% | -$2.24M |
|
2038
Grid Dynamics Holdings
GDYN
$588M
| $1.12M | ﹤0.01% |
79,700
-4,100
| -5% | -$83.8K |
|
2039
ePlus
PLUS
$2.54B
| $1.12M | ﹤0.01% |
+20,000
| New | +$994K |
|
|
GTH
2040
DELISTED
Genetron Holdings Limited ADS
GTH
| $1.12M | ﹤0.01% |
170,248
+137,014
| +412% | +$1.5M |
|
|
EXTN
2041
DELISTED
Exterran Corporation
EXTN
| $1.11M | ﹤0.01% |
+178,300
| New | +$950K |
|
2042
Zymeworks
ZYME
$1.68B
| $1.1M | ﹤0.01% |
168,700
| – | – |
|
2043
FIGS
FIGS
$1.81B
| $1.1M | ﹤0.01% |
+50,995
| New | +$1.02M |
|
2044
Cartesian Therapeutics
RNAC
$237M
| $1.09M | ﹤0.01% |
+29,433
| New | +$1.84M |
|
2045
Mercury Insurance
MCY
$5.9B
| $1.08M | ﹤0.01% |
19,551
-236,925
| -92% | -$12.8M |
|
2046
Precigen
PGEN
$2.33B
| $1.06M | ﹤0.01% |
504,590
| – | – |
|
2047
Clear Secure
YOU
$5.62B
| $1.06M | ﹤0.01% |
39,337
| – | – |
|
2048
StoneCo
STNE
$2.73B
| $1.05M | ﹤0.01% |
89,422
+41,149
| +85% | +$538K |
|
|
TWKS
2049
DELISTED
Thoughtworks Holding, Inc. Common Stock
TWKS
| $1.03M | ﹤0.01% |
49,383
+41,050
| +493% | +$896K |
|
|
OLO
2050
DELISTED
Olo Inc
OLO
| $1.02M | ﹤0.01% |
77,300
+48,480
| +168% | +$750K |
|
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.