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 | |
|---|---|---|---|---|---|---|
926
Planet Fitness
PLNT
$4.24B
| $54.1M | 0.01% |
699,349
-7,263
| -1% | -$577K |
|
|
AL
927
DELISTED
Air Lease Corp
AL
| $54M | 0.01% |
1,101,868
-148,900
| -12% | -$6.79M |
|
928
Travel + Leisure Co
TNL
$4.82B
| $53.9M | 0.01% |
881,639
-133,322
| -13% | -$7.24M |
|
929
Ashland
ASH
$3.32B
| $53.7M | 0.01% |
604,670
-12,861
| -2% | -$1.11M |
|
930
Dick's Sporting Goods
DKS
$18B
| $53.6M | 0.01% |
703,914
-76,931
| -10% | -$5.53M |
|
|
VMW
931
DELISTED
VMware, Inc
VMW
| $53.5M | 0.01% |
355,781
+119,267
| +50% | +$17M |
|
932
Park Hotels & Resorts
PK
$2.97B
| $53.5M | 0.01% |
2,480,343
-411,817
| -14% | -$8.18M |
|
933
Interactive Brokers
IBKR
$39.8B
| $53.5M | 0.01% |
2,930,904
-205,184
| -7% | -$3.7M |
|
|
NATI
934
DELISTED
National Instruments Corp
NATI
| $53.5M | 0.01% |
1,238,491
-64,420
| -5% | -$2.83M |
|
935
STAG Industrial
STAG
$7.15B
| $53.1M | 0.01% |
1,579,413
-259,383
| -14% | -$8.28M |
|
936
Bank OZK
OZK
$5.65B
| $53M | 0.01% |
1,298,524
-237,739
| -15% | -$9.36M |
|
937
Freshpet
FRPT
$3.41B
| $52.8M | 0.01% |
332,439
-85,682
| -20% | -$12.9M |
|
938
Primerica
PRI
$10.1B
| $52.8M | 0.01% |
357,104
-28,050
| -7% | -$4.02M |
|
939
Macy's
M
$6.75B
| $52.7M | 0.01% |
3,252,172
-949,134
| -23% | -$14.5M |
|
940
Hanover Insurance
THG
$8B
| $52.5M | 0.01% |
405,688
-26,969
| -6% | -$3.25M |
|
941
Vistra
VST
$47.9B
| $52.5M | 0.01% |
2,968,739
+246,305
| +9% | +$4.9M |
|
942
Cullen/Frost Bankers
CFR
$10.3B
| $52.4M | 0.01% |
481,987
-55,183
| -10% | -$5.69M |
|
943
Evercore
EVR
$12.3B
| $52.3M | 0.01% |
397,310
-69,827
| -15% | -$8.53M |
|
944
Xerox
XRX
$434M
| $52.2M | 0.01% |
2,149,928
+28,039
| +1% | +$670K |
|
|
AUY
945
DELISTED
Yamana Gold, Inc.
AUY
| $52.1M | 0.01% |
12,003,889
| – | – |
|
946
Silicon Laboratories
SLAB
$7.22B
| $52.1M | 0.01% |
369,310
-69,212
| -16% | -$9.92M |
|
947
ACI Worldwide
ACIW
$5.55B
| $51.9M | 0.01% |
1,363,034
+26,311
| +2% | +$1.04M |
|
|
GTLS
948
DELISTED
Chart Industries
GTLS
| $51.7M | 0.01% |
363,185
-41,549
| -10% | -$5.87M |
|
949
TG Therapeutics
TGTX
$7.67B
| $51.7M | 0.01% |
1,071,846
-203,647
| -16% | -$9.78M |
|
950
Meritage Homes
MTH
$4.82B
| $51.6M | 0.01% |
1,123,804
-366,990
| -25% | -$15.9M |
|
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.