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 | |
|---|---|---|---|---|---|---|
|
DOO
1101
Bombardier Recreational Products
DOO
$4.81B
| $35.8M | 0.01% |
387,614
-52,351
| -12% | -$4.53M |
|
|
PPBI
1102
DELISTED
Pacific Premier Bancorp
PPBI
| $35.8M | 0.01% |
864,334
+50,460
| +6% | +$1.98M |
|
|
DOC
1103
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $35.8M | 0.01% |
2,029,652
-489,203
| -19% | -$9.05M |
|
1104
Glacier Bancorp
GBCI
$6.51B
| $35.7M | 0.01% |
645,351
-78,798
| -11% | -$4.15M |
|
|
CMBT
1105
CMB.TECH NV
CMBT
$4.62B
| $35.7M | 0.01% |
3,724,412
-1,580,119
| -30% | -$13.5M |
|
1106
Herc Holdings
HRI
$5.64B
| $35.7M | 0.01% |
218,415
-44,563
| -17% | -$5.65M |
|
1107
NorthWestern Energy
NWE
$4.25B
| $35.7M | 0.01% |
622,248
+256,603
| +70% | +$15.9M |
|
|
GTLS
1108
DELISTED
Chart Industries
GTLS
| $35.6M | 0.01% |
186,179
-153,306
| -45% | -$26.4M |
|
1109
LXP Industrial Trust
LXP
$3.58B
| $35.5M | 0.01% |
556,482
-102,047
| -15% | -$6.69M |
|
|
DIDI
1110
DELISTED
DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share
DIDI
| $35.4M | 0.01% |
4,550,260
-3,449,739
| -43% | -$32.6M |
|
1111
SouthState Bank Corp
SSB
$10.6B
| $35.4M | 0.01% |
474,483
-91,417
| -16% | -$6.51M |
|
1112
Diodes
DIOD
$3.93B
| $35.4M | 0.01% |
390,549
-54,538
| -12% | -$4.76M |
|
1113
Freshpet
FRPT
$3.51B
| $35.4M | 0.01% |
247,867
+16,320
| +7% | +$2.33M |
|
1114
Terex
TEX
$7.55B
| $35.3M | 0.01% |
839,107
+81,908
| +11% | +$3.88M |
|
1115
Spectrum Brands
SPB
$2.08B
| $35.3M | 0.01% |
369,075
-252,487
| -41% | -$21.5M |
|
|
CALY
1116
Callaway Golf Company
CALY
$3.44B
| $35.2M | 0.01% |
1,275,152
+158,873
| +14% | +$4.83M |
|
|
CCMP
1117
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $35.1M | 0.01% |
284,817
-46,703
| -14% | -$6.23M |
|
|
LSXMA
1118
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $35.1M | 0.01% |
1,012,482
+222,289
| +28% | +$7.77M |
|
1119
Option Care Health
OPCH
$3.55B
| $35M | 0.01% |
1,444,490
+1,226,808
| +564% | +$28.5M |
|
|
ALTR
1120
DELISTED
Altair Engineering Inc
ALTR
| $35M | 0.01% |
508,165
+148,912
| +41% | +$10.6M |
|
1121
News Corp Class B
NWS
$17.9B
| $34.8M | 0.01% |
1,497,951
-471,443
| -24% | -$10.8M |
|
1122
Upbound Group
UPBD
$1.17B
| $34.8M | 0.01% |
618,617
-17,200
| -3% | -$1.01M |
|
1123
Boston Beer
SAM
$1.92B
| $34.8M | 0.01% |
68,194
-11,972
| -15% | -$8.14M |
|
1124
Macerich
MAC
$7.2B
| $34.7M | 0.01% |
2,077,634
+319,898
| +18% | +$5.43M |
|
|
CLDR
1125
DELISTED
Cloudera, Inc.
CLDR
| $34.6M | 0.01% |
2,169,429
-1,209,500
| -36% | -$19.2M |
|
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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.