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 | |
|---|---|---|---|---|---|---|
951
B2Gold
BTG
$5.53B
| $51.6M | 0.01% |
11,985,883
-112,485
| -0.9% | -$549K |
|
952
FirstService
FSV
$6.25B
| $51.5M | 0.01% |
346,931
-85,865
| -20% | -$12.5M |
|
953
Crane NXT
CXT
$3.26B
| $51.3M | 0.01% |
1,573,008
-501,510
| -24% | -$14.9M |
|
|
SRC
954
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $51.2M | 0.01% |
1,205,396
-118,953
| -9% | -$4.87M |
|
955
XPeng
XPEV
$11.1B
| $51.2M | 0.01% |
1,403,100
+875,523
| +166% | +$36.4M |
|
|
SPR
956
DELISTED
Spirit AeroSystems
SPR
| $51.2M | 0.01% |
1,052,655
-406,289
| -28% | -$17.4M |
|
|
AYX
957
DELISTED
Alteryx Inc
AYX
| $51.2M | 0.01% |
617,299
-5,791
| -0.9% | -$614K |
|
958
Rithm Capital
RITM
$5.61B
| $51.2M | 0.01% |
4,551,860
-819,227
| -15% | -$8.34M |
|
959
Glacier Bancorp
GBCI
$6.48B
| $51.1M | 0.01% |
895,285
-266,491
| -23% | -$14.4M |
|
|
IPG
960
DELISTED
Interpublic Group of Companies
IPG
| $51M | 0.01% |
1,747,715
-600,182
| -26% | -$15.8M |
|
|
TGNA
961
DELISTED
TEGNA Inc
TGNA
| $50.9M | 0.01% |
2,704,104
-239,704
| -8% | -$4.2M |
|
962
Advantage Solutions
ADV
$353M
| $50.8M | 0.01% |
172,000
-88,000
| -34% | -$23.5M |
|
963
Ziff Davis
ZD
$1.9B
| $50.5M | 0.01% |
484,800
-15,036
| -3% | -$1.42M |
|
964
Exponent
EXPO
$3.17B
| $50.4M | 0.01% |
517,071
-161,717
| -24% | -$15.2M |
|
965
SouthState Bank Corp
SSB
$10.6B
| $50.4M | 0.01% |
641,490
-116,702
| -15% | -$9.38M |
|
966
Sarepta Therapeutics
SRPT
$1.78B
| $50.2M | 0.01% |
674,002
+206,248
| +44% | +$19M |
|
967
Power Integrations
POWI
$3.46B
| $50.2M | 0.01% |
616,330
-177,509
| -22% | -$15.5M |
|
968
Helen of Troy
HELE
$674M
| $50M | 0.01% |
237,568
-62,345
| -21% | -$14.1M |
|
969
Halozyme
HALO
$9.94B
| $50M | 0.01% |
1,199,438
+62,793
| +6% | +$2.87M |
|
970
HealthEquity
HQY
$8.69B
| $50M | 0.01% |
734,719
+24,593
| +3% | +$1.93M |
|
971
Twist Bioscience
TWST
$6.97B
| $50M | 0.01% |
403,328
+376,975
| +1,430% | +$57.2M |
|
972
FTI Consulting
FCN
$4.15B
| $50M | 0.01% |
356,519
-12,148
| -3% | -$1.44M |
|
973
nVent Electric
NVT
$26.9B
| $49.9M | 0.01% |
1,788,711
-108,942
| -6% | -$2.79M |
|
974
UFP Industries
UFPI
$5.15B
| $49.8M | 0.01% |
656,478
-262,775
| -29% | -$16.4M |
|
975
Maximus
MMS
$3.02B
| $49.6M | 0.01% |
556,947
-158,042
| -22% | -$12.9M |
|
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.