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 | |
|---|---|---|---|---|---|---|
1026
Herbalife
HLF
$1.31B
| $41M | 0.01% |
967,335
-70,297
| -7% | -$3.48M |
|
1027
Q2 Holdings
QTWO
$3.97B
| $41M | 0.01% |
511,158
-68,000
| -12% | -$6.23M |
|
1028
Harley-Davidson
HOG
$2.76B
| $41M | 0.01% |
1,118,597
+140,059
| +14% | +$5.65M |
|
1029
Terreno Realty
TRNO
$7.34B
| $40.9M | 0.01% |
646,543
-2,977
| -0.5% | -$198K |
|
1030
EXL Service
EXLS
$5.11B
| $40.9M | 0.01% |
1,659,690
+53,000
| +3% | +$1.24M |
|
|
JBTM
1031
JBT Marel
JBTM
$6.35B
| $40.8M | 0.01% |
290,539
+3,238
| +1% | +$464K |
|
1032
WaFd
WAFD
$2.79B
| $40.7M | 0.01% |
1,187,621
+484,100
| +69% | +$15.8M |
|
1033
Resideo Technologies
REZI
$3.97B
| $40.7M | 0.01% |
1,642,529
+183,160
| +13% | +$5.33M |
|
1034
Vipshop
VIPS
$7.46B
| $40.6M | 0.01% |
3,646,758
-2,311,450
| -39% | -$36.3M |
|
1035
Colliers International
CIGI
$5.17B
| $40.6M | 0.01% |
317,624
| – | – |
|
1036
Alarm.com
ALRM
$2.8B
| $40.6M | 0.01% |
519,124
-12,165
| -2% | -$1.01M |
|
1037
FNB Corp
FNB
$6.84B
| $40.5M | 0.01% |
3,485,646
-183,622
| -5% | -$2.11M |
|
1038
Carter's
CRI
$1.47B
| $40.5M | 0.01% |
416,202
| – | – |
|
1039
TD Synnex
SNX
$21B
| $40M | 0.01% |
384,305
-13,029
| -3% | -$1.56M |
|
1040
Neogen
NEOG
$2.49B
| $40M | 0.01% |
920,916
+93,888
| +11% | +$4.08M |
|
|
VSXY
1041
Victoria's Secret
VSXY
$7.14B
| $40M | 0.01% |
+723,055
| New | +$43.9M |
|
1042
CarGurus
CARG
$3.28B
| $40M | 0.01% |
1,272,002
-644,152
| -34% | -$18.8M |
|
1043
ZTO Express
ZTO
$18B
| $39.8M | 0.01% |
1,299,524
-238,767
| -16% | -$6.85M |
|
1044
Meritage Homes
MTH
$4.88B
| $39.8M | 0.01% |
819,794
-127,852
| -13% | -$6.58M |
|
|
GRUB
1045
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $39.6M | 0.01% |
2,728,503
| – | – |
|
|
AYX
1046
DELISTED
Alteryx Inc
AYX
| $39.5M | 0.01% |
540,403
-31,788
| -6% | -$2.39M |
|
|
VG
1047
DELISTED
Vonage Holdings Corporation
VG
| $39.5M | 0.01% |
2,449,612
-1,237,584
| -34% | -$17.9M |
|
1048
Rapid7
RPD
$726M
| $39.3M | 0.01% |
347,474
+30,078
| +9% | +$3.41M |
|
1049
IPG Photonics
IPGP
$3.89B
| $39.2M | 0.01% |
247,209
-102,736
| -29% | -$18.9M |
|
1050
Viavi Solutions
VIAV
$9.6B
| $39.2M | 0.01% |
2,487,832
-94,975
| -4% | -$1.56M |
|
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.