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 | |
|---|---|---|---|---|---|---|
851
Campbell Soup
CPB
$6.87B
| $57.6M | 0.01% |
1,377,235
-195,545
| -12% | -$8.49M |
|
852
SEI Investments
SEIC
$12.6B
| $57.6M | 0.01% |
970,941
-44,198
| -4% | -$2.7M |
|
853
Prosperity Bancshares
PB
$8.94B
| $57.4M | 0.01% |
806,665
-98,778
| -11% | -$6.83M |
|
854
nVent Electric
NVT
$26.2B
| $57.1M | 0.01% |
1,765,297
+77,230
| +5% | +$2.5M |
|
855
Vertiv
VRT
$107B
| $56.7M | 0.01% |
2,352,298
-33,960
| -1% | -$903K |
|
856
Hewlett Packard
HPE
$70.5B
| $56.6M | 0.01% |
3,974,020
-1,191,175
| -23% | -$17.2M |
|
857
Saia
SAIA
$9.52B
| $56.6M | 0.01% |
237,630
-8,637
| -4% | -$2M |
|
858
STAG Industrial
STAG
$7.19B
| $56.5M | 0.01% |
1,440,349
-49,007
| -3% | -$2M |
|
859
Advanced Drainage Systems
WMS
$11.5B
| $56.3M | 0.01% |
520,263
+1,612
| +0.3% | +$185K |
|
860
Rollins
ROL
$18.1B
| $56.2M | 0.01% |
1,589,612
-470,310
| -23% | -$17.6M |
|
861
OneMain Financial
OMF
$7.54B
| $55.9M | 0.01% |
1,010,843
+137,089
| +16% | +$7.97M |
|
862
Sunrun
RUN
$2.5B
| $55.6M | 0.01% |
1,264,365
+5,914
| +0.5% | +$282K |
|
863
Polaris
PII
$4.16B
| $55.6M | 0.01% |
464,270
-37,518
| -7% | -$4.77M |
|
864
Axalta
AXTA
$8.15B
| $55.5M | 0.01% |
1,901,451
-1,637
| -0.1% | -$49K |
|
865
KBR
KBR
$4.58B
| $55.3M | 0.01% |
1,404,754
-40,785
| -3% | -$1.58M |
|
866
QuidelOrtho
QDEL
$1.19B
| $55.3M | 0.01% |
391,500
-23,505
| -6% | -$3.16M |
|
867
Exponent
EXPO
$3.24B
| $55.2M | 0.01% |
488,047
-58,964
| -11% | -$6.36M |
|
868
Clean Harbors
CLH
$16.3B
| $55M | 0.01% |
529,661
+84,833
| +19% | +$8.35M |
|
|
NVTA
869
DELISTED
Invitae Corporation
NVTA
| $54.9M | 0.01% |
1,929,576
+224,903
| +13% | +$6.59M |
|
870
Euronet Worldwide
EEFT
$2.83B
| $54.8M | 0.01% |
430,404
-11,230
| -3% | -$1.49M |
|
871
Lumentum
LITE
$64.3B
| $54.7M | 0.01% |
654,618
+107,723
| +20% | +$9.03M |
|
|
SRC
872
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $54.6M | 0.01% |
1,186,252
+20,959
| +2% | +$1.04M |
|
|
BHVN
873
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $54.6M | 0.01% |
392,909
-21,514
| -5% | -$2.69M |
|
|
CIT
874
DELISTED
CIT Group Inc.
CIT
| $54.5M | 0.01% |
1,049,969
-16,792
| -2% | -$859K |
|
875
Affiliated Managers Group
AMG
$9.92B
| $54.5M | 0.01% |
360,963
-11,392
| -3% | -$1.87M |
|
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.