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 | |
|---|---|---|---|---|---|---|
1176
H.B. Fuller
FUL
$3.2B
| $35.3M | 0.01% |
560,496
-129,227
| -19% | -$7.34M |
|
1177
Kodiak Sciences
KOD
$2.73B
| $35.3M | 0.01% |
310,916
-70,553
| -18% | -$9.64M |
|
1178
ICU Medical
ICUI
$4.16B
| $35.2M | 0.01% |
171,471
-13,420
| -7% | -$2.83M |
|
|
NUVA
1179
DELISTED
NuVasive, Inc.
NUVA
| $35.2M | 0.01% |
536,792
-554,084
| -51% | -$33.2M |
|
1180
Ameris Bancorp
ABCB
$5.97B
| $35.1M | 0.01% |
669,298
-117,103
| -15% | -$5.56M |
|
|
SEM
1181
DELISTED
Select Medical
SEM
| $35.1M | 0.01% |
1,909,219
-425,635
| -18% | -$6.98M |
|
1182
Tronox
TROX
$933M
| $35.1M | 0.01% |
1,916,572
+690,890
| +56% | +$12.1M |
|
|
DOOR
1183
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $34.9M | 0.01% |
303,230
-102,185
| -25% | -$11.1M |
|
1184
Applied Industrial Technologies
AIT
$13.2B
| $34.9M | 0.01% |
382,278
-244,334
| -39% | -$20.7M |
|
|
GRA
1185
DELISTED
W.R. Grace & Co.
GRA
| $34.8M | 0.01% |
580,704
-8,089
| -1% | -$483K |
|
|
MDC
1186
DELISTED
M.D.C. Holdings, Inc.
MDC
| $34.7M | 0.01% |
583,363
-97,568
| -14% | -$5.11M |
|
1187
Cathay General Bancorp
CATY
$4.29B
| $34.6M | 0.01% |
849,091
+266,265
| +46% | +$10.3M |
|
|
ENV
1188
DELISTED
ENVESTNET, INC.
ENV
| $34.6M | 0.01% |
479,247
-53,166
| -10% | -$4.13M |
|
1189
Shake Shack
SHAK
$3B
| $34.6M | 0.01% |
306,786
-46,432
| -13% | -$5.31M |
|
1190
Vishay Intertechnology
VSH
$5.09B
| $34.4M | 0.01% |
1,430,124
-211,909
| -13% | -$4.96M |
|
1191
Sensient Technologies
SXT
$5.54B
| $34.3M | 0.01% |
440,124
-66,638
| -13% | -$5.12M |
|
1192
Itron
ITRI
$4.62B
| $34.3M | 0.01% |
386,985
-19,819
| -5% | -$1.96M |
|
1193
Herbalife
HLF
$1.31B
| $34.3M | 0.01% |
772,851
-230,016
| -23% | -$11.3M |
|
1194
Hyatt Hotels
H
$16.9B
| $34.3M | 0.01% |
414,545
-28,538
| -6% | -$2.24M |
|
1195
Rogers Corp
ROG
$2.36B
| $34.3M | 0.01% |
182,095
-10,400
| -5% | -$1.86M |
|
1196
Alamos Gold
AGI
$13.1B
| $34.2M | 0.01% |
4,381,281
-158,890
| -3% | -$1.28M |
|
1197
Simmons First National
SFNC
$3.47B
| $34.2M | 0.01% |
1,152,604
+14,640
| +1% | +$412K |
|
|
CVET
1198
DELISTED
Covetrus, Inc. Common Stock
CVET
| $34.2M | 0.01% |
1,140,396
-181,919
| -14% | -$6.2M |
|
1199
Denali Therapeutics
DNLI
$3.88B
| $34.1M | 0.01% |
597,766
-258,663
| -30% | -$17.3M |
|
1200
Mercury Systems
MRCY
$6.45B
| $34.1M | 0.01% |
483,081
-67,012
| -12% | -$4.84M |
|
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.