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 | |
|---|---|---|---|---|---|---|
976
Globus Medical
GMED
$10.9B
| $45M | 0.01% |
587,257
| – | – |
|
|
SEM
977
DELISTED
Select Medical
SEM
| $45M | 0.01% |
2,306,924
+379,542
| +20% | +$7.53M |
|
978
OGE Energy
OGE
$9.71B
| $44.9M | 0.01% |
1,361,711
+65,170
| +5% | +$2.25M |
|
|
GAP
979
The Gap Inc
GAP
$7.4B
| $44.8M | 0.01% |
1,974,782
-28,272
| -1% | -$781K |
|
980
Leggett & Platt
LEG
$1.4B
| $44.7M | 0.01% |
997,821
-176,700
| -15% | -$8.51M |
|
981
Selective Insurance
SIGI
$5.76B
| $44.7M | 0.01% |
591,758
-1,391
| -0.2% | -$112K |
|
|
UMPQ
982
DELISTED
Umpqua Holdings Corp
UMPQ
| $44.7M | 0.01% |
2,206,642
-325,886
| -13% | -$6.25M |
|
983
Travel + Leisure Co
TNL
$4.77B
| $44.6M | 0.01% |
818,583
-55,301
| -6% | -$3.02M |
|
984
Wintrust Financial
WTFC
$10.9B
| $44.6M | 0.01% |
554,707
-107,313
| -16% | -$7.92M |
|
985
Essent Group
ESNT
$6.13B
| $44.3M | 0.01% |
1,007,168
-991,867
| -50% | -$45M |
|
986
Under Armour Class C
UA
$2.82B
| $44.3M | 0.01% |
2,527,590
-1,026,049
| -29% | -$19.7M |
|
987
United Airlines
UAL
$43.1B
| $44.3M | 0.01% |
930,384
+36,494
| +4% | +$1.72M |
|
988
Semtech
SMTC
$11.3B
| $44M | 0.01% |
564,224
| – | – |
|
989
Simpson Manufacturing
SSD
$8.12B
| $43.9M | 0.01% |
410,172
-3,159
| -0.8% | -$350K |
|
|
EFOR
990
Everforth Inc
EFOR
$1.3B
| $43.8M | 0.01% |
387,416
-136,748
| -26% | -$14.4M |
|
|
BCPC
991
Balchem Corp
BCPC
$5.7B
| $43.8M | 0.01% |
302,124
-34,366
| -10% | -$4.65M |
|
|
SPR
992
DELISTED
Spirit AeroSystems
SPR
| $43.6M | 0.01% |
987,773
-32,112
| -3% | -$1.34M |
|
993
Park Hotels & Resorts
PK
$3.01B
| $43.4M | 0.01% |
2,266,922
-131,815
| -5% | -$2.49M |
|
994
First Citizens BancShares
FCNCA
$25.4B
| $43.4M | 0.01% |
51,444
-2,888
| -5% | -$2.4M |
|
995
Workiva
WK
$3.46B
| $43.3M | 0.01% |
307,359
-65,021
| -17% | -$8.81M |
|
996
Brookfield Infrastructure
BIPC
$4.94B
| $43.2M | 0.01% |
1,083,350
+492,783
| +83% | +$21.6M |
|
997
Mine Safety
MSA
$7.44B
| $43.1M | 0.01% |
295,804
-12,523
| -4% | -$1.99M |
|
998
Denali Therapeutics
DNLI
$3.88B
| $43.1M | 0.01% |
853,356
+111,376
| +15% | +$6.28M |
|
|
AL
999
DELISTED
Air Lease Corp
AL
| $43M | 0.01% |
1,092,015
+48,415
| +5% | +$1.97M |
|
|
EVBG
1000
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $42.9M | 0.01% |
284,343
-22,502
| -7% | -$3.33M |
|
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.