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 | |
|---|---|---|---|---|---|---|
2051
Spruce Power Holding Corp
SPRU
$41.3M
| $1.01M | ﹤0.01% |
+63,700
| New | +$1.11M |
|
2052
Horace Mann Educators
HMN
$2.09B
| $1M | ﹤0.01% |
23,918
-373,477
| -94% | -$15M |
|
|
EVLO
2053
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
| $997K | ﹤0.01% |
14,712
| – | – |
|
|
DOMA
2054
DELISTED
Doma Holdings, Inc.
DOMA
| $989K | ﹤0.01% |
+18,236
| New | +$1.46M |
|
2055
Enact Holdings
ACT
$6.68B
| $983K | ﹤0.01% |
44,200
| – | – |
|
2056
Claros Mortgage Trust
CMTG
$250M
| $977K | ﹤0.01% |
56,996
-13,982
| -20% | -$244K |
|
|
RUBY
2057
DELISTED
Rubius Therapeutics, Inc
RUBY
| $962K | ﹤0.01% |
174,519
| – | – |
|
2058
Immunic
IMUX
$195M
| $950K | ﹤0.01% |
+8,410
| New | +$974K |
|
2059
Argan
AGX
$8.63B
| $950K | ﹤0.01% |
23,400
| – | – |
|
2060
Arlo Technologies
ARLO
$1.71B
| $947K | ﹤0.01% |
+106,900
| New | +$982K |
|
2061
Stewart Information Services
STC
$2.09B
| $933K | ﹤0.01% |
+15,400
| New | +$1.07M |
|
|
RPC
2062
Ridgepost Capital
RPC
$1.01B
| $930K | ﹤0.01% |
76,761
-20,096
| -21% | -$250K |
|
2063
OrthoPediatrics
KIDS
$536M
| $919K | ﹤0.01% |
17,018
| – | – |
|
|
CUTR
2064
DELISTED
Cutera, Inc.
CUTR
| $918K | ﹤0.01% |
13,300
| – | – |
|
2065
Jakks Pacific
JAKK
$296M
| $894K | ﹤0.01% |
+63,700
| New | +$777K |
|
2066
Garrett Motion
GTX
$5.84B
| $890K | ﹤0.01% |
+123,800
| New | +$887K |
|
|
HUYA
2067
Huya Inc
HUYA
$584M
| $875K | ﹤0.01% |
195,805
-753,289
| -79% | -$4.33M |
|
|
CNVY
2068
DELISTED
Convey Health Solutions Holdings, Inc.
CNVY
| $868K | ﹤0.01% |
132,692
-512,435
| -79% | -$3.38M |
|
2069
Hawkins
HWKN
$2.8B
| $868K | ﹤0.01% |
18,900
-14,500
| -43% | -$611K |
|
2070
SelectQuote
SLQT
$135M
| $852K | ﹤0.01% |
305,483
| – | – |
|
2071
Pixelworks
PXLW
$40.1M
| $843K | ﹤0.01% |
23,667
| – | – |
|
2072
Organogenesis Holdings
ORGO
$309M
| $840K | ﹤0.01% |
110,200
-224,400
| -67% | -$1.74M |
|
2073
RPC Inc
RES
$1.31B
| $824K | ﹤0.01% |
77,242
| – | – |
|
|
LOGC
2074
DELISTED
ContextLogic
LOGC
| $792K | ﹤0.01% |
11,729
-11,255
| -49% | -$794K |
|
2075
Braskem
BAK
$928M
| $765K | ﹤0.01% |
41,063
| – | – |
|
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.