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 | |
|---|---|---|---|---|---|---|
1076
Selective Insurance
SIGI
$5.76B
| $41.9M | 0.01% |
578,283
-123,715
| -18% | -$8.61M |
|
1077
EnerSys
ENS
$6.92B
| $41.9M | 0.01% |
461,234
-76,132
| -14% | -$6.97M |
|
1078
Teradata
TDC
$2.47B
| $41.8M | 0.01% |
1,084,330
-323,085
| -23% | -$11.8M |
|
1079
The Ensign Group
ENSG
$10.4B
| $41.6M | 0.01% |
443,690
-128,715
| -22% | -$11M |
|
1080
Brighthouse Financial
BHF
$3.55B
| $41.6M | 0.01% |
940,905
-250,445
| -21% | -$10.3M |
|
|
DOO
1081
Bombardier Recreational Products
DOO
$4.81B
| $41.6M | 0.01% |
479,859
-128,037
| -21% | -$9.37M |
|
1082
Adient
ADNT
$1.61B
| $41.6M | 0.01% |
941,194
-46,123
| -5% | -$1.74M |
|
1083
UMB Financial
UMBF
$11.2B
| $41.5M | 0.01% |
449,855
-52,120
| -10% | -$4.31M |
|
1084
Lightspeed Commerce
LSPD
$1.34B
| $41.5M | 0.01% |
660,577
-7,814
| -1% | -$533K |
|
1085
Qfin Holdings
QFIN
$1.6B
| $41.4M | 0.01% |
1,592,014
+157,723
| +11% | +$3.51M |
|
|
ARNA
1086
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $41.4M | 0.01% |
596,527
-177,182
| -23% | -$13.6M |
|
1087
Clean Harbors
CLH
$16.3B
| $41.3M | 0.01% |
490,778
-124,859
| -20% | -$10.5M |
|
1088
ABM Industries
ABM
$2.87B
| $41.2M | 0.01% |
807,980
-151,054
| -16% | -$6.62M |
|
1089
Protolabs
PRLB
$2.16B
| $41.1M | 0.01% |
337,843
-83,332
| -20% | -$13.9M |
|
1090
Unifirst Corp
UNF
$5.24B
| $41.1M | 0.01% |
183,750
-49,047
| -21% | -$11.3M |
|
|
EGOV
1091
DELISTED
NIC Inc
EGOV
| $41.1M | 0.01% |
1,211,243
+36,820
| +3% | +$1.16M |
|
1092
Appian
APPN
$2.2B
| $41M | 0.01% |
+308,045
| New | +$54.5M |
|
|
MGLN
1093
DELISTED
Magellan Health Services, Inc.
MGLN
| $40.7M | 0.01% |
436,976
+142,532
| +48% | +$13.4M |
|
1094
Brookfield Renewable
BEPC
$6.18B
| $40.7M | 0.01% |
870,348
-111,481
| -11% | -$5.69M |
|
|
JBTM
1095
JBT Marel
JBTM
$6.35B
| $40.7M | 0.01% |
305,324
-34,284
| -10% | -$4.5M |
|
1096
EPR Properties
EPR
$4.68B
| $40.7M | 0.01% |
872,850
-216,528
| -20% | -$9.13M |
|
1097
First Citizens BancShares
FCNCA
$25.4B
| $40.7M | 0.01% |
48,644
-22,927
| -32% | -$16.6M |
|
|
JWN
1098
DELISTED
Nordstrom
JWN
| $40.6M | 0.01% |
1,072,697
-253,232
| -19% | -$9.36M |
|
|
PINC
1099
DELISTED
Premier
PINC
| $40.6M | 0.01% |
1,199,858
-125,871
| -9% | -$4.36M |
|
1100
Sabra Healthcare REIT
SBRA
$5.32B
| $40.4M | 0.01% |
2,327,058
-542,926
| -19% | -$9.55M |
|
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.