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 | |
|---|---|---|---|---|---|---|
876
Kornit Digital
KRNT
$781M
| $54.5M | 0.01% |
376,522
+7,622
| +2% | +$1.01M |
|
877
Sonoco
SON
$5.78B
| $54.4M | 0.01% |
912,965
-108,950
| -11% | -$6.97M |
|
878
Upwork
UPWK
$1.18B
| $54.2M | 0.01% |
1,204,038
+280,840
| +30% | +$13.7M |
|
879
Asbury Automotive
ABG
$3.94B
| $53.9M | 0.01% |
273,817
-21,936
| -7% | -$4.13M |
|
880
WillScot Mobile Mini Holdings
WSC
$4.81B
| $53.8M | 0.01% |
1,696,055
+73,651
| +5% | +$2.13M |
|
881
Vontier
VNT
$4.73B
| $53.8M | 0.01% |
1,600,050
-42,040
| -3% | -$1.43M |
|
|
OTLY
882
Oatly Group
OTLY
$445M
| $53.7M | 0.01% |
177,643
-135
| -0.1% | -$48.9K |
|
883
Ambarella
AMBA
$3.59B
| $53.6M | 0.01% |
344,447
| – | – |
|
|
NATI
884
DELISTED
National Instruments Corp
NATI
| $53.6M | 0.01% |
1,365,245
+162,914
| +14% | +$6.82M |
|
885
BP
BP
$106B
| $53.5M | 0.01% |
1,957,413
-1,011,562
| -34% | -$25.3M |
|
886
Varonis Systems
VRNS
$4.98B
| $53.4M | 0.01% |
876,782
-11,728
| -1% | -$735K |
|
|
WCC
887
WESCO International
WCC
$18.2B
| $53.3M | 0.01% |
461,849
-52,020
| -10% | -$5.73M |
|
|
CHNG
888
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $53.2M | 0.01% |
2,542,748
+72,944
| +3% | +$1.59M |
|
|
SKX
889
DELISTED
Skechers
SKX
| $53.2M | 0.01% |
1,263,541
+79,275
| +7% | +$3.92M |
|
890
SiriusXM
SIRI
$10.3B
| $53.1M | 0.01% |
870,781
+78,977
| +10% | +$4.96M |
|
891
Cousins Properties
CUZ
$5.06B
| $52.9M | 0.01% |
1,417,566
-1,458,254
| -51% | -$56.2M |
|
892
Avis
CAR
$4.9B
| $52.8M | 0.01% |
453,300
-63,672
| -12% | -$5.61M |
|
893
Asana
ASAN
$2.05B
| $52.7M | 0.01% |
+507,931
| New | +$42.2M |
|
894
Huntsman Corp
HUN
$1.78B
| $52.6M | 0.01% |
1,778,177
-260,499
| -13% | -$6.86M |
|
895
SL Green Realty
SLG
$3.9B
| $52.6M | 0.01% |
742,072
+5,577
| +0.8% | +$407K |
|
896
Silicon Laboratories
SLAB
$7.2B
| $52.4M | 0.01% |
373,657
+1,268
| +0.3% | +$190K |
|
|
ATC
897
DELISTED
Atotech Limited
ATC
| $52.3M | 0.01% |
2,164,871
+101,771
| +5% | +$2.45M |
|
|
P
898
Everpure Inc
P
$27.8B
| $52.2M | 0.01% |
2,075,446
-475,903
| -19% | -$10.5M |
|
899
Royal Gold
RGLD
$18.3B
| $52.1M | 0.01% |
545,556
-22,579
| -4% | -$2.53M |
|
900
Eagle Materials
EXP
$6.7B
| $51.8M | 0.01% |
395,047
+90,500
| +30% | +$13M |
|
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.