We are live on ! Find out more
Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+0.6%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$452B
AUM Growth
-$9.33B
Cap. Flow
-$7.26B
Cap. Flow %
-1.61%
Top 10 Hldgs %
22.53%
Holding
2,403
New
197
Increased
630
Reduced
1,246
Closed
133

Top Buys

Rank Stock Value
1
WELL icon
Welltower
WELL
+$851M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$768M
3
BX icon
Blackstone
BX
+$670M
4
AZN icon
AstraZeneca
AZN
+$544M
5
CVX icon
Chevron
CVX
+$483M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.52B
2
MSFT icon
Microsoft
MSFT
+$1.11B
3
AAPL icon
Apple
AAPL
+$825M
4
AMAT icon
Applied Materials
AMAT
+$579M
5
JD icon
JD.com
JD
+$538M

Sector Composition

Rank Sector Weight
1 Technology 23.35%
2 Financials 14.56%
3 Healthcare 12.76%
4 Consumer Discretionary 12.17%
5 Communication Services 10.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XYL icon
351
Xylem
XYL
$28.5B
$234M 0.05%
1,892,023
-42,091
-2% -$5.42M
REXR icon
352
Rexford Industrial Realty
REXR
$8.26B
$234M 0.05%
4,122,529
+1,530,798
+59% +$92.4M
COLD icon
353
Americold
COLD
$4.03B
$234M 0.05%
8,048,497
+1,517,775
+23% +$55.6M
ZBRA icon
354
Zebra Technologies
ZBRA
$17.4B
$234M 0.05%
453,374
-19,890
-4% -$11.1M
HZNP
355
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$232M 0.05%
2,118,669
+39,696
+2% +$4.12M
KEYS icon
356
Keysight
KEYS
$58.6B
$232M 0.05%
1,412,586
+56,360
+4% +$9.46M
CFG icon
357
Citizens Financial Group
CFG
$31.3B
$231M 0.05%
4,923,230
-95,794
-2% -$4.21M
DEI icon
358
Douglas Emmett
DEI
$2B
$231M 0.05%
7,301,728
-41,872
-0.6% -$1.38M
DASH icon
359
DoorDash
DASH
$88.4B
$230M 0.05%
1,117,736
+954
+0.1% +$182K
GRMN
360
Garmin
GRMN
$59.5B
$229M 0.05%
1,473,326
-28,457
-2% -$4.63M
IP icon
361
International Paper
IP
$22.5B
$228M 0.05%
4,310,024
-37,017
-0.9% -$2.06M
ALB icon
362
Albemarle
ALB
$14.3B
$227M 0.05%
1,038,191
-36,205
-3% -$7.73M
TTEK icon
363
Tetra Tech
TTEK
$8.98B
$227M 0.05%
7,584,475
-21,985
-0.3% -$604K
HBAN icon
364
Huntington Bancshares
HBAN
$35.6B
$224M 0.05%
14,507,013
-650,874
-4% -$9.58M
IT icon
365
Gartner
IT
$12.6B
$224M 0.05%
736,102
-81,813
-10% -$23.7M
ANSS
366
DELISTED
Ansys
ANSS
$223M 0.05%
655,953
-4,012
-0.6% -$1.45M
BHP icon
367
BHP
BHP
$223B
$223M 0.05%
4,662,248
+1,247,998
+37% +$76.2M
PARA
368
DELISTED
Paramount Global Class B
PARA
$223M 0.05%
5,632,049
-214,678
-4% -$8.75M
KHC icon
369
Kraft Heinz
KHC
$31.5B
$223M 0.05%
6,042,902
+1,937,433
+47% +$72.9M
STT icon
370
State Street
STT
$51B
$222M 0.05%
2,622,760
-114,692
-4% -$9.98M
FSLR icon
371
First Solar
FSLR
$26.5B
$222M 0.05%
2,324,946
+104,168
+5% +$9.67M
EIX icon
372
Edison International
EIX
$27.6B
$221M 0.05%
3,988,012
-140,807
-3% -$8.08M
MGA icon
373
Magna International
MGA
$18.7B
$221M 0.05%
2,933,681
-703,301
-19% -$57.9M
WMB icon
374
Williams Companies
WMB
$88.1B
$220M 0.05%
8,473,014
-260,329
-3% -$6.56M
ACGL icon
375
Arch Capital
ACGL
$34.1B
$219M 0.05%
5,742,379
+913,671
+19% +$36.2M
13 14
15
16 17

Similar funds

CIBC Private Wealth Group
CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return
Two Sigma Advisers
Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return
Comerica Bank
Comerica Bank Dallas, Texas $25.1B AUM 24.68% 1-Year Est. Return
CWM
CIBC World Markets New York $20.8B AUM
VRS
Virginia Retirement Systems Richmond, Virginia $16.8B AUM 25.91% 1-Year Est. Return
FAF
Första AP-fonden Stockholm, Sweden $16.8B AUM 29.64% 1-Year Est. Return
BGIM
Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return
CIM
CCLA Investment Management London, United Kingdom $6.23B AUM 5.02% 1-Year Est. Return

Norges Bank's Q3 2021 Portfolio in Review

As of Q3 2021, Norges Bank held 2,403 positions worth $452B, down 2% from $461B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Norges Bank's Q3 2021 filing shows 197 new, 630 increased, 1,246 reduced and 133 closed positions. Its largest new stake was Palantir: 14,697,343 shares worth $353M. The largest sale was Alphabet (Google) Class A, an estimated $1.52B.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

  • Norges Bank's largest Q3 2021 buy was Palantir: 14,697,343 shares worth $353M.
  • Norges Bank added most to Welltower in Q3 2021, an estimated $851M increase.
  • Norges Bank's biggest Q3 2021 reduction was Alphabet (Google) Class A, cutting an estimated $1.52B.
  • Norges Bank fully exited Alexion Pharmaceuticals in Q3 2021, selling an estimated $359M.
  • Norges Bank's ten largest holdings make up 23% of its $452B portfolio in Q3 2021.
  • Norges Bank opened 197 new positions and closed 133 in Q3 2021.
  • Norges Bank's portfolio value fell 2% quarter-over-quarter to $452B.

Based on Norges Bank's 13F filing for Q3 2021, filed 5 Nov 2021.