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 |
Alphabet (Google) Class A
GOOGL
|
+$576M |
| 2 |
Ferguson
FERG
|
+$574M |
| 3 |
Stellantis
STLA
|
+$471M |
| 4 |
International Flavors & Fragrances
IFF
|
+$425M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$5.99B |
| 2 |
Apple
AAPL
|
+$1.07B |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$981M |
| 4 |
Tesla
TSLA
|
+$836M |
| 5 |
T-Mobile US
TMUS
|
+$723M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.86% |
| 2 | Financials | 14.58% |
| 3 | Healthcare | 12.62% |
| 4 | Consumer Discretionary | 12.5% |
| 5 | Communication Services | 10.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Penumbra
PEN
$12.7B
| $80.8M | 0.02% |
298,468
-70,439
| -19% | -$18.2M |
|
727
Alcoa
AA
$12.6B
| $80.2M | 0.02% |
2,467,927
-43,698
| -2% | -$1.11M |
|
728
Encompass Health
EHC
$11B
| $80M | 0.02% |
1,227,394
+108,961
| +10% | +$7.11M |
|
729
United Therapeutics
UTHR
$22B
| $80M | 0.02% |
478,088
+89,762
| +23% | +$15M |
|
730
SL Green Realty
SLG
$3.88B
| $79.3M | 0.02% |
1,133,626
-72,203
| -6% | -$4.87M |
|
|
PBCT
731
DELISTED
People's United Financial Inc
PBCT
| $79.3M | 0.02% |
4,429,394
+280,468
| +7% | +$4.51M |
|
732
Capri Holdings
CPRI
$1.84B
| $79.1M | 0.02% |
1,550,428
-332,236
| -18% | -$15.6M |
|
733
Manhattan Associates
MANH
$11.2B
| $78.9M | 0.02% |
672,528
-101,105
| -13% | -$12.2M |
|
|
COR
734
DELISTED
Coresite Realty Corporation
COR
| $78.8M | 0.02% |
657,235
-144,389
| -18% | -$17.6M |
|
735
Coursera
COUR
$1.66B
| $78.8M | 0.02% |
+1,750,000
| New | +$78.8M |
|
736
Ciena
CIEN
$57.9B
| $78.5M | 0.02% |
1,435,199
-1,124,623
| -44% | -$60.5M |
|
737
IPG Photonics
IPGP
$3.9B
| $78.4M | 0.02% |
371,612
-10,375
| -3% | -$2.36M |
|
738
10x Genomics
TXG
$6.03B
| $78.3M | 0.02% |
+432,847
| New | +$74.7M |
|
|
LNW
739
DELISTED
Light & Wonder
LNW
| $78.3M | 0.02% |
2,032,474
+620,086
| +44% | +$27.8M |
|
|
ZNGA
740
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $78.2M | 0.02% |
7,659,935
+3,866,492
| +102% | +$40.4M |
|
741
Performance Food Group
PFGC
$17.6B
| $78.2M | 0.02% |
1,357,456
-171,206
| -11% | -$9.04M |
|
|
TCF
742
DELISTED
TCF Financial Corporation Common Stock
TCF
| $77.9M | 0.02% |
1,677,544
-59,103
| -3% | -$2.61M |
|
743
Dynatrace
DT
$14.8B
| $77.8M | 0.02% |
1,613,629
-609,567
| -27% | -$29.6M |
|
744
Jefferies Financial Group
JEF
$13B
| $77.8M | 0.02% |
2,702,022
-238,260
| -8% | -$6.5M |
|
745
Churchill Downs
CHDN
$6.02B
| $77.6M | 0.02% |
682,698
+7,830
| +1% | +$862K |
|
746
Jabil
JBL
$35.5B
| $77.5M | 0.02% |
1,485,854
-79,535
| -5% | -$3.62M |
|
747
NNN REIT
NNN
$9.01B
| $77.5M | 0.02% |
1,757,778
-164,770
| -9% | -$6.9M |
|
|
SNV
748
DELISTED
Synovus
SNV
| $77.1M | 0.02% |
1,685,572
-67,674
| -4% | -$2.83M |
|
749
Coherent
COHR
$64.2B
| $77M | 0.02% |
1,125,819
-76,000
| -6% | -$6.24M |
|
|
AZPN
750
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $76.8M | 0.02% |
532,104
| – | – |
|
Similar funds
Norges Bank's Q1 2021 Portfolio in Review
As of Q1 2021, Norges Bank held 2,241 positions worth $437B, up 2% from $428B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Norges Bank withdrew a net $15.8B in Q1 2021, closing 114 positions and reducing 1,392 holdings. Its most notable exit was Tiffany & Co., an estimated $229M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 23% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Norges Bank opened a new position in Ferguson worth $562M.
- Norges Bank's largest Q1 2021 buy was Ferguson: 4,706,324 shares worth $562M.
- Norges Bank added most to Alphabet (Google) Class A in Q1 2021, an estimated $576M increase.
- Norges Bank's biggest Q1 2021 reduction was Alibaba, cutting an estimated $5.99B.
- Norges Bank fully exited Tiffany & Co. in Q1 2021, selling an estimated $229M.
- Norges Bank's ten largest holdings make up 21% of its $437B portfolio in Q1 2021.
- Norges Bank opened 131 new positions and closed 114 in Q1 2021.
- Norges Bank's portfolio value rose 2% quarter-over-quarter to $437B.
Based on Norges Bank's 13F filing for Q1 2021, filed 7 May 2021.