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 | |
|---|---|---|---|---|---|---|
2126
American Vanguard Corp
AVD
$70.9M
| $805K | ﹤0.01% |
49,100
-8,100
| -14% | -$127K |
|
2127
Mitek Systems
MITK
$774M
| $793K | ﹤0.01% |
44,700
-46,500
| -51% | -$831K |
|
2128
Ooma
OOMA
$597M
| $774K | ﹤0.01% |
37,874
-32,200
| -46% | -$656K |
|
2129
Comtech Telecommunications
CMTL
$50.6M
| $744K | ﹤0.01% |
+31,400
| New | +$770K |
|
|
AMK
2130
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $731K | ﹤0.01% |
27,900
| – | – |
|
|
TRST
2131
Trustco Bank Corp NY
TRST
$974M
| $730K | ﹤0.01% |
21,907
-29,400
| -57% | -$977K |
|
2132
First Financial Corp
THFF
$978M
| $721K | ﹤0.01% |
15,920
| – | – |
|
2133
Merchants Bancorp
MBIN
$2.55B
| $677K | ﹤0.01% |
21,450
-35,400
| -62% | -$1.06M |
|
2134
Allot
ALLT
$381M
| $638K | ﹤0.01% |
53,741
| – | – |
|
|
AMAM
2135
DELISTED
Ambrx Biopharma Inc
AMAM
| $632K | ﹤0.01% |
70,000
| – | – |
|
|
DADA
2136
DELISTED
Dada Nexus
DADA
| $612K | ﹤0.01% |
46,500
-444,576
| -91% | -$8.58M |
|
|
GTH
2137
DELISTED
Genetron Holdings Limited ADS
GTH
| $608K | ﹤0.01% |
33,234
-64,006
| -66% | -$2.12M |
|
|
OLO
2138
DELISTED
Olo Inc
OLO
| $600K | ﹤0.01% |
28,820
| – | – |
|
|
TUFN
2139
DELISTED
Tufin Software Technologies Ltd.
TUFN
| $594K | ﹤0.01% |
56,300
| – | – |
|
2140
Blend Labs
BLND
$450M
| $591K | ﹤0.01% |
80,481
| – | – |
|
2141
Neuropace
NPCE
$457M
| $585K | ﹤0.01% |
58,000
| – | – |
|
|
DESP
2142
DELISTED
Despegar.com
DESP
| $567K | ﹤0.01% |
57,900
| – | – |
|
|
EXPR
2143
DELISTED
Express, Inc.
EXPR
| $564K | ﹤0.01% |
+9,160
| New | +$720K |
|
2144
Dime Commercial Bancshares
DCOM
$1.81B
| $554K | ﹤0.01% |
15,745
-3,123
| -17% | -$110K |
|
|
CUTR
2145
DELISTED
Cutera, Inc.
CUTR
| $550K | ﹤0.01% |
13,300
-20,600
| -61% | -$845K |
|
2146
Phillips Edison & Co
PECO
$5.43B
| $548K | ﹤0.01% |
16,579
| – | – |
|
2147
Cytek Biosciences
CTKB
$551M
| $546K | ﹤0.01% |
33,443
-27,947
| -46% | -$585K |
|
2148
Silicom
SILC
$229M
| $542K | ﹤0.01% |
10,500
-1,000
| -9% | -$44.4K |
|
2149
Rhythm Pharmaceuticals
RYTM
$6.85B
| $511K | ﹤0.01% |
51,161
| – | – |
|
2150
Sana Biotechnology
SANA
$865M
| $447K | ﹤0.01% |
+28,870
| New | +$557K |
|
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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.