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 | |
|---|---|---|---|---|---|---|
1126
Home BancShares
HOMB
$6.27B
| $34.6M | 0.01% |
1,471,563
+39,451
| +3% | +$876K |
|
1127
Associated Banc-Corp
ASB
$5.96B
| $34.5M | 0.01% |
1,612,422
-231,449
| -13% | -$4.7M |
|
|
WBT
1128
DELISTED
Welbilt, Inc.
WBT
| $34.5M | 0.01% |
1,485,730
-174,843
| -11% | -$4.11M |
|
1129
Howard Hughes
HHH
$3.9B
| $34.5M | 0.01% |
412,205
+36,760
| +10% | +$3.18M |
|
1130
Apollo Global Management
APO
$75B
| $34.4M | 0.01% |
558,166
-302,178
| -35% | -$18.2M |
|
1131
Unifirst Corp
UNF
$5.24B
| $34.3M | 0.01% |
161,105
-3,701
| -2% | -$815K |
|
1132
Moelis & Co
MC
$5.14B
| $34.2M | 0.01% |
553,097
+37,980
| +7% | +$2.28M |
|
|
KNBE
1133
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
| $34.2M | 0.01% |
1,556,221
+1,473,820
| +1,789% | +$36.8M |
|
1134
Twist Bioscience
TWST
$6.98B
| $34.2M | 0.01% |
319,387
+16,473
| +5% | +$1.89M |
|
|
MNDT
1135
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $34.2M | 0.01% |
1,918,788
-147,160
| -7% | -$2.79M |
|
1136
Apple Hospitality REIT
APLE
$3.91B
| $34.1M | 0.01% |
2,170,887
-30,953
| -1% | -$464K |
|
1137
Kemper
KMPR
$1.72B
| $34.1M | 0.01% |
510,712
-137,253
| -21% | -$9.31M |
|
1138
Assured Guaranty
AGO
$3.65B
| $34.1M | 0.01% |
728,602
-50,139
| -6% | -$2.4M |
|
1139
Dana Inc
DAN
$3.03B
| $34M | 0.01% |
1,528,661
+118,117
| +8% | +$2.71M |
|
1140
QuantumScape Corp
QS
$3.38B
| $34M | 0.01% |
+1,383,919
| New | +$31.6M |
|
1141
Outfront Media
OUT
$5.66B
| $33.9M | 0.01% |
1,367,697
-220,921
| -14% | -$5.21M |
|
|
CIM
1142
Chimera Investment
CIM
$985M
| $33.9M | 0.01% |
760,555
+30,378
| +4% | +$1.36M |
|
|
ENV
1143
DELISTED
ENVESTNET, INC.
ENV
| $33.8M | 0.01% |
421,588
+87,585
| +26% | +$6.69M |
|
|
GTM
1144
ZoomInfo Technologies
GTM
$1.09B
| $33.8M | 0.01% |
552,168
+162,153
| +42% | +$9.7M |
|
|
TRTN
1145
DELISTED
Triton International Limited
TRTN
| $33.7M | 0.01% |
647,767
-27,335
| -4% | -$1.42M |
|
1146
Avista
AVA
$3.24B
| $33.7M | 0.01% |
860,872
+452,685
| +111% | +$19M |
|
1147
Blackbaud
BLKB
$2.06B
| $33.6M | 0.01% |
477,021
+20,711
| +5% | +$1.46M |
|
1148
Stevanato
STVN
$5.47B
| $33.2M | 0.01% |
+1,312,605
| New | +$30.9M |
|
1149
Digital Turbine
APPS
$1.52B
| $33.1M | 0.01% |
480,753
-334,520
| -41% | -$20.7M |
|
1150
Lufax Holding
LU
$1.32B
| $33M | 0.01% |
1,181,103
| – | – |
|
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.