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 | |
|---|---|---|---|---|---|---|
926
Boyd Gaming
BYD
$6.13B
| $49.9M | 0.01% |
788,257
+61,779
| +9% | +$3.66M |
|
927
Primerica
PRI
$10B
| $49.8M | 0.01% |
324,100
-11,398
| -3% | -$1.7M |
|
928
Casey's General Stores
CASY
$31.6B
| $49.7M | 0.01% |
263,878
-153,045
| -37% | -$30M |
|
929
BlackLine
BL
$1.79B
| $49.6M | 0.01% |
420,184
| – | – |
|
930
HF Sinclair
DINO
$14.8B
| $49.5M | 0.01% |
1,495,164
-29,278
| -2% | -$890K |
|
|
COR
931
DELISTED
Coresite Realty Corporation
COR
| $49.2M | 0.01% |
355,465
-92,231
| -21% | -$13.2M |
|
932
SLM Corp
SLM
$5.16B
| $49.1M | 0.01% |
2,791,901
-482,988
| -15% | -$9.07M |
|
933
Ziff Davis
ZD
$1.94B
| $49.1M | 0.01% |
413,572
-59,295
| -13% | -$7.12M |
|
934
Goodyear
GT
$1.99B
| $49.1M | 0.01% |
2,772,853
-312,020
| -10% | -$5.07M |
|
|
TMX
935
DELISTED
Terminix Global Holdings, Inc.
TMX
| $49M | 0.01% |
1,175,278
+25,091
| +2% | +$1.15M |
|
936
Medpace
MEDP
$16.4B
| $48.9M | 0.01% |
258,535
-12,967
| -5% | -$2.37M |
|
937
Maximus
MMS
$3.32B
| $48.8M | 0.01% |
586,593
+15,470
| +3% | +$1.33M |
|
938
Novanta
NOVT
$5.45B
| $48.4M | 0.01% |
313,520
+22,370
| +8% | +$3.25M |
|
939
Korn Ferry
KFY
$4.25B
| $48.4M | 0.01% |
668,768
+62,881
| +10% | +$4.38M |
|
940
Curtiss-Wright
CW
$27.6B
| $48.4M | 0.01% |
383,251
-91,055
| -19% | -$10.9M |
|
941
Teradata
TDC
$2.47B
| $48.1M | 0.01% |
838,063
-141,326
| -14% | -$7.28M |
|
|
AMED
942
DELISTED
Amedisys
AMED
| $48M | 0.01% |
322,054
+52,550
| +19% | +$10.9M |
|
943
Crane NXT
CXT
$3.01B
| $48M | 0.01% |
1,457,972
-36,212
| -2% | -$1.21M |
|
944
Hanover Insurance
THG
$7.98B
| $47.9M | 0.01% |
369,639
-8,756
| -2% | -$1.19M |
|
|
TGNA
945
DELISTED
TEGNA Inc
TGNA
| $47.9M | 0.01% |
2,426,924
-161,042
| -6% | -$2.92M |
|
946
Brookfield Renewable
BEPC
$6.18B
| $47.7M | 0.01% |
1,229,938
+33,479
| +3% | +$1.4M |
|
947
Ryder
R
$10.2B
| $47.4M | 0.01% |
573,196
| – | – |
|
|
AUY
948
DELISTED
Yamana Gold, Inc.
AUY
| $47.3M | 0.01% |
12,003,889
| – | – |
|
949
TriNet
TNET
$3.14B
| $47.3M | 0.01% |
499,827
+62,260
| +14% | +$5.33M |
|
950
Interactive Brokers
IBKR
$39.5B
| $47.2M | 0.01% |
3,030,644
+230,480
| +8% | +$3.63M |
|
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.