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 |
Welltower
WELL
|
+$851M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$768M |
| 3 |
Blackstone
BX
|
+$670M |
| 4 |
AstraZeneca
AZN
|
+$544M |
| 5 |
Chevron
CVX
|
+$483M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$1.52B |
| 2 |
Microsoft
MSFT
|
+$1.11B |
| 3 |
Apple
AAPL
|
+$825M |
| 4 |
Applied Materials
AMAT
|
+$579M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
676
SiteOne Landscape Supply
SITE
$4.39B
| $84.9M | 0.02% |
425,800
+65,820
| +18% | +$12.4M |
|
677
Public Service Enterprise Group
PEG
$37.5B
| $84.9M | 0.02% |
1,393,337
-261,351
| -16% | -$16.3M |
|
678
Expedia Group
EXPE
$37.9B
| $84.8M | 0.02% |
517,447
-291,652
| -36% | -$45.1M |
|
679
Dick's Sporting Goods
DKS
$17.9B
| $84.7M | 0.02% |
707,020
-22,813
| -3% | -$2.65M |
|
680
Healthcare Realty
HR
$7.05B
| $84.5M | 0.02% |
2,850,301
-1,878,367
| -40% | -$54.8M |
|
681
Alibaba
BABA
$309B
| $84.5M | 0.02% |
570,680
+468,789
| +460% | +$85.3M |
|
682
HEICO Corp Class A
HEI.A
$37.2B
| $84.4M | 0.02% |
713,053
-4,320
| -0.6% | -$515K |
|
683
Cameco
CCJ
$41B
| $84.3M | 0.02% |
3,884,884
-21,227
| -0.5% | -$402K |
|
684
RPM International
RPM
$14.7B
| $84.1M | 0.02% |
1,083,344
-128,087
| -11% | -$10.8M |
|
685
First Horizon
FHN
$12.4B
| $84M | 0.02% |
5,158,708
-374,870
| -7% | -$5.97M |
|
686
GrafTech
EAF
$197M
| $83.6M | 0.02% |
810,306
-12,348
| -2% | -$1.35M |
|
687
Opendoor
OPEN
$3.67B
| $83.6M | 0.02% |
+4,207,306
| New | +$68M |
|
|
SGI
688
Somnigroup International
SGI
$14.7B
| $83.6M | 0.02% |
1,800,984
-53,813
| -3% | -$2.35M |
|
689
Globe Life
GL
$14.2B
| $83.5M | 0.02% |
937,419
-17,957
| -2% | -$1.68M |
|
690
Sensata Technologies
ST
$7.04B
| $83.4M | 0.02% |
1,523,831
-23,839
| -2% | -$1.37M |
|
691
Omnicom Group
OMC
$22.4B
| $83.3M | 0.02% |
1,149,305
-154,391
| -12% | -$11.5M |
|
692
Western Union
WU
$2.3B
| $83.2M | 0.02% |
4,116,636
-124,846
| -3% | -$2.76M |
|
693
Cleveland-Cliffs
CLF
$7.02B
| $83M | 0.02% |
4,188,894
+513,524
| +14% | +$11.7M |
|
694
Hubbell
HUBB
$27B
| $82.9M | 0.02% |
458,899
-94,278
| -17% | -$18.4M |
|
695
Lamb Weston
LW
$7.31B
| $82.5M | 0.02% |
1,344,544
-36,830
| -3% | -$2.49M |
|
696
Intellia Therapeutics
NTLA
$1.55B
| $82.1M | 0.02% |
612,136
+197,417
| +48% | +$29.9M |
|
697
Jabil
JBL
$36B
| $82M | 0.02% |
1,405,593
-53,333
| -4% | -$3.17M |
|
698
Five Below
FIVE
$12.3B
| $81.8M | 0.02% |
462,865
-11,990
| -3% | -$2.39M |
|
|
SMAR
699
DELISTED
Smartsheet Inc.
SMAR
| $81.6M | 0.02% |
1,186,259
-32,582
| -3% | -$2.4M |
|
|
ARNC
700
DELISTED
Arconic Corporation
ARNC
| $81.3M | 0.02% |
2,577,393
-97,162
| -4% | -$3.32M |
|
Similar funds
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.