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 | |
|---|---|---|---|---|---|---|
751
Neurocrine Biosciences
NBIX
$16.5B
| $73.3M | 0.02% |
764,419
+31,217
| +4% | +$2.95M |
|
752
Ciena
CIEN
$59B
| $72.9M | 0.02% |
1,420,251
-14,948
| -1% | -$830K |
|
753
Chemours
CC
$2.24B
| $72.9M | 0.02% |
2,508,914
-611,712
| -20% | -$19.8M |
|
|
STOR
754
DELISTED
STORE Capital Corporation
STOR
| $72.4M | 0.02% |
2,261,169
-99,514
| -4% | -$3.52M |
|
755
Delta Air Lines
DAL
$61.7B
| $72.2M | 0.02% |
1,694,721
-27,891
| -2% | -$1.14M |
|
756
Lincoln Electric
LECO
$15.2B
| $72M | 0.02% |
559,386
-4,210
| -0.7% | -$573K |
|
757
Gildan
GIL
$10.8B
| $72M | 0.02% |
1,973,483
-21,750
| -1% | -$799K |
|
758
US Foods
USFD
$22B
| $71.8M | 0.02% |
2,072,337
-232,737
| -10% | -$7.98M |
|
759
NNN REIT
NNN
$8.91B
| $71.6M | 0.02% |
1,658,684
-24,014
| -1% | -$1.13M |
|
|
GFLU
760
DELISTED
GFL Environmental Inc. Tangible Equity Units
GFLU
| $71.1M | 0.02% |
835,715
| – | – |
|
761
Voya Financial
VOYA
$8.97B
| $71M | 0.02% |
1,155,724
-34,494
| -3% | -$2.2M |
|
762
Cable One
CABO
$245M
| $70.6M | 0.02% |
38,911
-9,702
| -20% | -$19M |
|
763
Radian Group
RDN
$5.19B
| $70.4M | 0.02% |
3,100,637
-200,028
| -6% | -$4.54M |
|
764
Olin
OLN
$2.14B
| $70.1M | 0.02% |
1,453,757
-10,588
| -0.7% | -$494K |
|
765
First American
FAF
$7.7B
| $70.1M | 0.02% |
1,044,855
+13,203
| +1% | +$882K |
|
766
Tandem Diabetes Care
TNDM
$1.33B
| $70M | 0.02% |
586,150
| – | – |
|
767
Liberty Media Series C
FWONK
$23.9B
| $69.9M | 0.02% |
1,405,322
+125,358
| +10% | +$5.93M |
|
768
Omega Healthcare
OHI
$14.5B
| $69.8M | 0.02% |
2,328,113
+153,419
| +7% | +$5.28M |
|
769
Oshkosh
OSK
$9.57B
| $69.7M | 0.02% |
680,877
-39,323
| -5% | -$4.52M |
|
770
Zai Lab
ZLAB
$2.07B
| $69.4M | 0.02% |
658,800
-54,209
| -8% | -$7.78M |
|
771
Descartes Systems
DSGX
$6.57B
| $69.4M | 0.02% |
853,904
-70,657
| -8% | -$5.35M |
|
|
BBL
772
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $69.2M | 0.02% |
1,365,553
-1,689,447
| -55% | -$102M |
|
773
Live Nation Entertainment
LYV
$42.7B
| $69.2M | 0.02% |
759,257
+74,611
| +11% | +$6.28M |
|
774
Donaldson
DCI
$11.4B
| $69M | 0.02% |
1,202,125
-16,187
| -1% | -$1.04M |
|
775
XPO
XPO
$23.5B
| $69M | 0.02% |
1,458,848
-1,113,284
| -43% | -$55.8M |
|
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.