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 | |
|---|---|---|---|---|---|---|
|
LTHM
1051
DELISTED
Livent Corporation
LTHM
| $39.1M | 0.01% |
1,692,680
+396,656
| +31% | +$8.9M |
|
1052
LivaNova
LIVN
$4.29B
| $39.1M | 0.01% |
493,517
-14,287
| -3% | -$1.17M |
|
1053
BridgeBio Pharma
BBIO
$16.1B
| $39.1M | 0.01% |
833,232
+8,800
| +1% | +$472K |
|
1054
Avient
AVNT
$3.48B
| $38.9M | 0.01% |
839,945
-89,844
| -10% | -$4.32M |
|
1055
Agree Realty
ADC
$9.46B
| $38.9M | 0.01% |
587,749
-16,593
| -3% | -$1.21M |
|
1056
American Airlines Group
AAL
$11B
| $38.9M | 0.01% |
1,894,592
+246,322
| +15% | +$4.99M |
|
1057
UMB Financial
UMBF
$11.2B
| $38.8M | 0.01% |
401,688
-22,721
| -5% | -$2.07M |
|
|
CIXX
1058
DELISTED
CI Financial Corp.
CIXX
| $38.7M | 0.01% |
1,910,712
-133,653
| -7% | -$2.57M |
|
1059
Celsius Holdings
CELH
$7.45B
| $38.6M | 0.01% |
1,284,894
+435,627
| +51% | +$11.2M |
|
1060
Ollie's Bargain Outlet
OLLI
$4.74B
| $38.5M | 0.01% |
638,676
+112,343
| +21% | +$9.09M |
|
1061
Ionis Pharmaceuticals
IONS
$9.01B
| $38.5M | 0.01% |
1,146,918
+250,629
| +28% | +$9.44M |
|
1062
Brighthouse Financial
BHF
$3.55B
| $38.3M | 0.01% |
847,805
-58,476
| -6% | -$2.64M |
|
1063
EPR Properties
EPR
$4.68B
| $38.3M | 0.01% |
775,774
-78,606
| -9% | -$3.99M |
|
1064
Coherent
COHR
$64.2B
| $38.3M | 0.01% |
645,029
+53,720
| +9% | +$3.51M |
|
1065
Insperity
NSP
$1.95B
| $38.2M | 0.01% |
345,043
+24,258
| +8% | +$2.49M |
|
|
UNVR
1066
DELISTED
Univar Solutions Inc.
UNVR
| $38.2M | 0.01% |
1,603,313
-3,089,496
| -66% | -$73M |
|
1067
Sonos
SONO
$1.88B
| $38.2M | 0.01% |
1,179,436
-119,166
| -9% | -$4.29M |
|
1068
Allison Transmission
ALSN
$9.8B
| $38M | 0.01% |
1,077,170
-69,378
| -6% | -$2.65M |
|
1069
MaxLinear
MXL
$6.12B
| $38M | 0.01% |
771,468
-36,812
| -5% | -$1.78M |
|
1070
Viasat
VSAT
$11.2B
| $38M | 0.01% |
689,792
| – | – |
|
1071
Nomad Foods
NOMD
$1.65B
| $37.9M | 0.01% |
1,374,685
-144,916
| -10% | -$3.93M |
|
|
QVCGA
1072
DELISTED
QVC Group Inc Series A
QVCGA
| $37.8M | 0.01% |
74,238
-1,739
| -2% | -$978K |
|
|
HI
1073
DELISTED
Hillenbrand
HI
| $37.8M | 0.01% |
885,460
+113,500
| +15% | +$4.98M |
|
|
AIMC
1074
DELISTED
Altra Industrial Motion Corp
AIMC
| $37.7M | 0.01% |
681,337
+90,770
| +15% | +$5.42M |
|
|
NSA
1075
DELISTED
National Storage Affiliates Trust
NSA
| $37.6M | 0.01% |
712,763
+95,852
| +16% | +$5.28M |
|
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.