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 | |
|---|---|---|---|---|---|---|
2051
National Presto Industries
NPK
$961M
| $1.71M | ﹤0.01% |
20,862
+17,300
| +486% | +$1.45M |
|
|
RUBY
2052
DELISTED
Rubius Therapeutics, Inc
RUBY
| $1.69M | ﹤0.01% |
174,519
| – | – |
|
2053
Clearway Energy Class C
CWEN
$4.98B
| $1.67M | ﹤0.01% |
46,329
-312,345
| -87% | -$11M |
|
2054
Joby Aviation
JOBY
$7.28B
| $1.66M | ﹤0.01% |
+227,272
| New | +$1.89M |
|
2055
Xometry
XMTR
$4.82B
| $1.62M | ﹤0.01% |
31,578
| – | – |
|
2056
Universal Technical Institute
UTI
$2.24B
| $1.59M | ﹤0.01% |
203,200
| – | – |
|
2057
Mercer International
MERC
$44.7M
| $1.58M | ﹤0.01% |
132,000
| – | – |
|
2058
Gaotu Techedu
GOTU
$455M
| $1.58M | ﹤0.01% |
814,019
-349,650
| -30% | -$975K |
|
2059
Microvision
MVIS
$89.7M
| $1.56M | ﹤0.01% |
20,818
| – | – |
|
|
BCOV
2060
DELISTED
Brightcove, Inc.
BCOV
| $1.56M | ﹤0.01% |
152,500
| – | – |
|
2061
Seer Inc
SEER
$123M
| $1.49M | ﹤0.01% |
65,460
| – | – |
|
|
BMTC
2062
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.47M | ﹤0.01% |
+32,700
| New | +$1.54M |
|
2063
Costamare
CMRE
$1.86B
| $1.47M | ﹤0.01% |
116,000
+62,000
| +115% | +$811K |
|
2064
Torrid Holdings
CURV
$252M
| $1.44M | ﹤0.01% |
145,846
+95,846
| +192% | +$1.42M |
|
|
KC
2065
Kingsoft Cloud Holdings
KC
$3.6B
| $1.43M | ﹤0.01% |
90,991
-618,429
| -87% | -$13.3M |
|
|
VRS
2066
DELISTED
Verso Corporation
VRS
| $1.43M | ﹤0.01% |
52,900
| – | – |
|
2067
Personalis
PSNL
$1.43B
| $1.42M | ﹤0.01% |
99,800
| – | – |
|
2068
First Interstate BancSystem
FIBK
$3.74B
| $1.42M | ﹤0.01% |
34,968
| – | – |
|
2069
Zeta Global
ZETA
$5.61B
| $1.41M | ﹤0.01% |
167,055
-194,167
| -54% | -$1.63M |
|
2070
Invivyd
IVVD
$165M
| $1.39M | ﹤0.01% |
191,230
+180,540
| +1,689% | +$4.69M |
|
|
CMBM
2071
DELISTED
Cambium Networks
CMBM
| $1.38M | ﹤0.01% |
53,900
| – | – |
|
|
RPC
2072
Ridgepost Capital
RPC
$1.01B
| $1.35M | ﹤0.01% |
+96,857
| New | +$1.28M |
|
|
ABTX
2073
DELISTED
Allegiance Bancshares
ABTX
| $1.34M | ﹤0.01% |
31,800
+17,000
| +115% | +$694K |
|
2074
Crinetics Pharmaceuticals
CRNX
$8.87B
| $1.34M | ﹤0.01% |
47,200
+25,600
| +119% | +$631K |
|
2075
Intrepid Potash
IPI
$442M
| $1.32M | ﹤0.01% |
30,900
| – | – |
|
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.