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 | |
|---|---|---|---|---|---|---|
2076
Hawkins
HWKN
$2.76B
| $1.32M | ﹤0.01% |
33,400
-9,400
| -22% | -$348K |
|
2077
Pulmonx
LUNG
$84.5M
| $1.31M | ﹤0.01% |
40,880
| – | – |
|
2078
Southern Copper
SCCO
$146B
| $1.29M | ﹤0.01% |
22,604
-99,183
| -81% | -$5.53M |
|
|
SEEL
2079
DELISTED
Seelos Therapeutics, Inc. Common Stock
SEEL
| $1.28M | ﹤0.01% |
204
| – | – |
|
|
BEST
2080
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $1.27M | ﹤0.01% |
74,380
| – | – |
|
2081
MINISO
MNSO
$3.84B
| $1.26M | ﹤0.01% |
121,771
| – | – |
|
2082
Pixelworks
PXLW
$39.8M
| $1.25M | ﹤0.01% |
+23,667
| New | +$1.33M |
|
2083
Clear Secure
YOU
$5.59B
| $1.23M | ﹤0.01% |
39,337
-152,002
| -79% | -$5.61M |
|
|
COWN
2084
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.23M | ﹤0.01% |
34,000
-700
| -2% | -$25.7K |
|
2085
Teva Pharmaceuticals
TEVA
$39.8B
| $1.2M | ﹤0.01% |
150,316
-150,997
| -50% | -$1.36M |
|
|
ONIT
2086
Onity Group
ONIT
$317M
| $1.2M | ﹤0.01% |
+30,100
| New | +$1.02M |
|
|
OSH
2087
DELISTED
Oak Street Health, Inc.
OSH
| $1.2M | ﹤0.01% |
36,197
-667,000
| -95% | -$25.2M |
|
|
JBIO
2088
Jade Biosciences
JBIO
$1.15B
| $1.2M | ﹤0.01% |
+2,900
| New | +$1.47M |
|
|
EH
2089
EHang Holdings
EH
$405M
| $1.2M | ﹤0.01% |
80,230
| – | – |
|
|
SEV
2090
DELISTED
Sono Group N.V. Common Shares
SEV
| $1.19M | ﹤0.01% |
+123,913
| New | +$1.87M |
|
2091
Byline Bancorp
BY
$1.81B
| $1.18M | ﹤0.01% |
43,200
-11,500
| -21% | -$303K |
|
2092
Neuronetics
STIM
$150M
| $1.17M | ﹤0.01% |
263,200
| – | – |
|
2093
Claros Mortgage Trust
CMTG
$260M
| $1.16M | ﹤0.01% |
+70,978
| New | +$1.2M |
|
|
AGS
2094
DELISTED
PlayAGS
AGS
| $1.16M | ﹤0.01% |
170,300
| – | – |
|
|
RERE
2095
ATRenew
RERE
$935M
| $1.15M | ﹤0.01% |
194,030
-445,970
| -70% | -$3.47M |
|
2096
Vertex
VERX
$2.15B
| $1.15M | ﹤0.01% |
72,230
| – | – |
|
2097
Hudbay
HBM
$10.4B
| $1.14M | ﹤0.01% |
157,284
| – | – |
|
2098
nLIGHT
LASR
$3.99B
| $1.14M | ﹤0.01% |
47,614
| – | – |
|
2099
Black Diamond Therapeutics
BDTX
$97.4M
| $1.12M | ﹤0.01% |
210,300
-64,000
| -23% | -$447K |
|
2100
Caesarstone
CSTE
$75M
| $1.12M | ﹤0.01% |
98,500
-24,258
| -20% | -$291K |
|
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.