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 | |
|---|---|---|---|---|---|---|
951
Alkermes
ALKS
$8.32B
| $47.2M | 0.01% |
1,529,967
-226,468
| -13% | -$6.4M |
|
952
First Financial Bankshares
FFIN
$5.06B
| $47.1M | 0.01% |
1,024,323
-50,765
| -5% | -$2.41M |
|
953
Cirrus Logic
CRUS
$6.53B
| $47.1M | 0.01% |
571,403
-100,807
| -15% | -$8.38M |
|
954
Watts Water Technologies
WTS
$12.1B
| $47M | 0.01% |
279,645
+5,423
| +2% | +$869K |
|
955
Webster Financial
WBS
$12.8B
| $46.8M | 0.01% |
860,017
-71,518
| -8% | -$3.56M |
|
956
KE Holdings
BEKE
$18.7B
| $46.8M | 0.01% |
2,564,818
| – | – |
|
957
MasTec
MTZ
$21.4B
| $46.8M | 0.01% |
542,238
-11,531
| -2% | -$1.09M |
|
958
Cinemark Holdings
CNK
$4.38B
| $46.7M | 0.01% |
2,430,245
+1,160,655
| +91% | +$19.7M |
|
959
ICU Medical
ICUI
$4.16B
| $46.7M | 0.01% |
199,983
+37,444
| +23% | +$7.85M |
|
960
Saic
SAIC
$5.09B
| $46.6M | 0.01% |
545,006
-24,103
| -4% | -$2.06M |
|
961
Rithm Capital
RITM
$5.64B
| $46.6M | 0.01% |
4,236,473
-174,521
| -4% | -$1.79M |
|
962
STAAR Surgical
STAA
$1.14B
| $46.6M | 0.01% |
362,495
+10,772
| +3% | +$1.51M |
|
963
NCR Voyix
VYX
$1.31B
| $46.4M | 0.01% |
1,952,773
-142,263
| -7% | -$3.7M |
|
964
Synaptics
SYNA
$3.91B
| $46.4M | 0.01% |
258,225
+59,025
| +30% | +$9.93M |
|
965
UFP Industries
UFPI
$5.24B
| $46.4M | 0.01% |
682,333
+75,800
| +12% | +$5.51M |
|
966
Highwoods Properties
HIW
$3.58B
| $46.4M | 0.01% |
1,057,346
-781,699
| -43% | -$35.8M |
|
967
Pan American Silver
PAAS
$20.3B
| $46.4M | 0.01% |
1,992,212
+112,409
| +6% | +$2.94M |
|
968
Liberty Global Class C
LBTYK
$3.51B
| $46.3M | 0.01% |
1,570,546
-345,954
| -18% | -$9.61M |
|
|
STL
969
DELISTED
Sterling Bancorp
STL
| $46.1M | 0.01% |
1,847,630
-208,852
| -10% | -$4.73M |
|
970
H&R Block
HRB
$5.82B
| $45.8M | 0.01% |
1,831,768
-41,123
| -2% | -$1.02M |
|
971
Valmont Industries
VMI
$9.58B
| $45.8M | 0.01% |
194,595
-14,784
| -7% | -$3.51M |
|
972
Inspire Medical Systems
INSP
$1.73B
| $45.7M | 0.01% |
196,066
-51,086
| -21% | -$10.7M |
|
973
Fox Factory Holding Corp
FOXF
$824M
| $45.3M | 0.01% |
313,486
+41,800
| +15% | +$6.42M |
|
974
Flowserve
FLS
$10.1B
| $45.3M | 0.01% |
1,305,914
-40,692
| -3% | -$1.59M |
|
975
Fate Therapeutics
FATE
$303M
| $45.3M | 0.01% |
763,829
+36,272
| +5% | +$2.85M |
|
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.