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 | |
|---|---|---|---|---|---|---|
2226
Covenant Logistics
CVLG
$894M
| – | – |
-75,200
| Closed | -$1.04M |
|
2227
dLocal
DLO
$4.44B
| – | – |
-94,937
| Closed | -$5.18M |
|
2228
Viant Technology
DSP
$236M
| – | – |
-113,200
| Closed | -$1.38M |
|
2229
Diana Shipping
DSX
$302M
| – | – |
-427,381
| Closed | -$1.71M |
|
2230
DoubleVerify
DV
$1.73B
| – | – |
-20,591
| Closed | -$703K |
|
2231
Ecovyst
ECVT
$1.32B
| – | – |
-86,300
| Closed | -$1.01M |
|
|
ETWO
2232
DELISTED
E2open Parent Holdings
ETWO
| – | – |
-1,473,600
| Closed | -$16.7M |
|
2233
EverQuote
EVER
$892M
| – | – |
-106,900
| Closed | -$1.99M |
|
2234
EVgo
EVGO
$223M
| – | – |
-3,000,000
| Closed | -$24.4M |
|
|
EVRI
2235
DELISTED
Everi Holdings
EVRI
| – | – |
-84,600
| Closed | -$2.05M |
|
2236
Extreme Networks
EXTR
$3.94B
| – | – |
-146,500
| Closed | -$1.44M |
|
2237
First Advantage
FA
$3.4B
| – | – |
-20,745
| Closed | -$395K |
|
2238
Future Fuel
FF
$217M
| – | – |
-73,800
| Closed | -$526K |
|
|
FFIC
2239
DELISTED
Flushing Financial
FFIC
| – | – |
-29,401
| Closed | -$664K |
|
2240
Freshworks
FRSH
$3.14B
| – | – |
-162,533
| Closed | -$6.94M |
|
2241
Global Industrial
GIC
$1.37B
| – | – |
-19,300
| Closed | -$731K |
|
2242
Greenlight Captial
GLRE
$552M
| – | – |
-34,700
| Closed | -$256K |
|
2243
Genasys
GNSS
$76.1M
| – | – |
-11,500
| Closed | -$60K |
|
2244
Gogo Inc
GOGO
$565M
| – | – |
-121,500
| Closed | -$2.1M |
|
2245
Green Plains
GPRE
$1.18B
| – | – |
-275,900
| Closed | -$9.01M |
|
2246
Gorman-Rupp
GRC
$2.14B
| – | – |
-14,100
| Closed | -$505K |
|
2247
Warrior Met Coal
HCC
$4.19B
| – | – |
-56,700
| Closed | -$1.32M |
|
2248
Hackett Group
HCKT
$270M
| – | – |
-94,400
| Closed | -$1.85M |
|
2249
Haverty Furniture Companies
HVT
$397M
| – | – |
-143,000
| Closed | -$4.82M |
|
2250
Hyster-Yale Materials Handling
HY
$599M
| – | – |
-29,900
| Closed | -$1.5M |
|
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.