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 | |
|---|---|---|---|---|---|---|
1076
Madison Square Garden
MSGS
$9.42B
| $37.4M | 0.01% |
201,313
-112,903
| -36% | -$19.3M |
|
|
ETRN
1077
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $37.4M | 0.01% |
3,691,525
-834,645
| -18% | -$7.36M |
|
1078
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.88B
| $37.4M | 0.01% |
699,203
+32,042
| +5% | +$1.83M |
|
1079
Franklin Electric
FELE
$4.87B
| $37.3M | 0.01% |
467,128
-119,345
| -20% | -$9.8M |
|
1080
American Eagle Outfitters
AEO
$2.99B
| $37.2M | 0.01% |
1,443,154
-125,557
| -8% | -$3.99M |
|
|
ISBC
1081
DELISTED
Investors Bancorp, Inc.
ISBC
| $37.2M | 0.01% |
2,463,074
+154,172
| +7% | +$2.15M |
|
1082
Envista
NVST
$4.66B
| $37.2M | 0.01% |
889,714
-647,864
| -42% | -$27.3M |
|
1083
National Fuel Gas
NFG
$7.5B
| $37.1M | 0.01% |
706,886
-65,699
| -9% | -$3.4M |
|
1084
NeoGenomics
NEO
$2.02B
| $37.1M | 0.01% |
768,878
-40,402
| -5% | -$1.87M |
|
1085
Bloom Energy
BE
$69B
| $37.1M | 0.01% |
1,980,306
+472,755
| +31% | +$10M |
|
|
COOP
1086
DELISTED
Mr. Cooper
COOP
| $37M | 0.01% |
899,778
-224,888
| -20% | -$8.48M |
|
1087
Applied Industrial Technologies
AIT
$13.2B
| $37M | 0.01% |
410,807
-2,084
| -0.5% | -$183K |
|
1088
Avnet
AVT
$7.97B
| $37M | 0.01% |
1,000,973
-32,508
| -3% | -$1.28M |
|
1089
SSR Mining
SSRM
$6.02B
| $37M | 0.01% |
2,539,965
+152,590
| +6% | +$2.42M |
|
1090
NiSource
NI
$20.6B
| $36.9M | 0.01% |
1,524,485
-107,520
| -7% | -$2.68M |
|
1091
AXIS Capital
AXS
$7.61B
| $36.9M | 0.01% |
801,059
-13,057
| -2% | -$648K |
|
1092
Virgin Galactic
SPCE
$371M
| $36.9M | 0.01% |
72,868
+25,239
| +53% | +$15M |
|
1093
First Hawaiian
FHB
$3.38B
| $36.7M | 0.01% |
1,251,460
-73,764
| -6% | -$2.05M |
|
1094
APi Group
APG
$18.1B
| $36.7M | 0.01% |
2,704,365
+133,530
| +5% | +$1.94M |
|
|
GRP.U
1095
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $36.7M | 0.01% |
516,485
-46,033
| -8% | -$3.25M |
|
1096
Box
BOX
$4.43B
| $36.2M | 0.01% |
1,528,990
+237,231
| +18% | +$5.83M |
|
1097
Houlihan Lokey
HLI
$8.96B
| $36.1M | 0.01% |
392,035
-21,700
| -5% | -$1.9M |
|
1098
Rogers Corp
ROG
$2.36B
| $36.1M | 0.01% |
193,503
+10,349
| +6% | +$2.04M |
|
1099
Arvinas
ARVN
$542M
| $35.9M | 0.01% |
437,305
+91,006
| +26% | +$8.04M |
|
1100
United Bankshares
UBSI
$6.72B
| $35.9M | 0.01% |
986,777
-5,647
| -0.6% | -$197K |
|
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.