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 | |
|---|---|---|---|---|---|---|
1176
Shoals Technologies Group
SHLS
$1.51B
| $31.6M | 0.01% |
1,133,303
+494,939
| +78% | +$15.4M |
|
|
SWTX
1177
DELISTED
SpringWorks Therapeutics
SWTX
| $31.5M | 0.01% |
496,343
-32,623
| -6% | -$2.51M |
|
1178
Frontdoor
FTDR
$5.37B
| $31.5M | 0.01% |
751,287
-38,089
| -5% | -$1.74M |
|
1179
Ameris Bancorp
ABCB
$5.98B
| $31.4M | 0.01% |
605,505
-27,800
| -4% | -$1.35M |
|
|
FBC
1180
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $31.4M | 0.01% |
618,228
+75,552
| +14% | +$3.57M |
|
1181
New Oriental
EDU
$9.04B
| $31.3M | 0.01% |
1,527,062
-305,134
| -17% | -$9.69M |
|
1182
Integra LifeSciences
IART
$1.38B
| $31.3M | 0.01% |
457,056
-243,525
| -35% | -$17.2M |
|
1183
National Vision
EYE
$1.85B
| $31.3M | 0.01% |
550,556
-111,891
| -17% | -$6.18M |
|
1184
Prestige Consumer Healthcare
PBH
$2.5B
| $31.2M | 0.01% |
556,281
+55,058
| +11% | +$3.02M |
|
1185
Essential Properties Realty Trust
EPRT
$6.6B
| $31.2M | 0.01% |
1,117,498
+18,989
| +2% | +$565K |
|
1186
MSC Industrial Direct
MSM
$7.11B
| $31.2M | 0.01% |
388,838
+9,977
| +3% | +$847K |
|
1187
Autohome
ATHM
$2.64B
| $31.2M | 0.01% |
664,280
-74,743
| -10% | -$3.53M |
|
|
JOYY
1188
JOYY Inc
JOYY
$3.78B
| $31.1M | 0.01% |
566,792
-52,493
| -8% | -$2.94M |
|
1189
Constellium
CSTM
$4.06B
| $31.1M | 0.01% |
1,654,602
-85,883
| -5% | -$1.65M |
|
1190
Simmons First National
SFNC
$3.47B
| $31M | 0.01% |
1,050,342
-40,996
| -4% | -$1.16M |
|
1191
Weibo
WB
$1.96B
| $31M | 0.01% |
653,128
+571,300
| +698% | +$30.9M |
|
|
IPG
1192
DELISTED
Interpublic Group of Companies
IPG
| $31M | 0.01% |
845,603
-261,265
| -24% | -$9.35M |
|
1193
Appian
APPN
$2.21B
| $31M | 0.01% |
334,705
-18,432
| -5% | -$2.04M |
|
1194
Winnebago Industries
WGO
$903M
| $30.9M | 0.01% |
426,527
+111,993
| +36% | +$7.83M |
|
1195
Fastly Inc
FSLY
$4.19B
| $30.9M | 0.01% |
763,308
+48,183
| +7% | +$2.22M |
|
1196
COPT Defense Properties
CDP
$4.23B
| $30.9M | 0.01% |
1,143,834
-1,859,822
| -62% | -$52.9M |
|
1197
Integer Holdings
ITGR
$4.24B
| $30.9M | 0.01% |
345,385
+808
| +0.2% | +$75.6K |
|
1198
Community Bank
CBU
$3.48B
| $30.8M | 0.01% |
450,523
-17,361
| -4% | -$1.25M |
|
|
SUM
1199
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $30.7M | 0.01% |
978,091
-19,558
| -2% | -$639K |
|
|
JHG
1200
DELISTED
Janus Henderson
JHG
| $30.7M | 0.01% |
742,873
-199,451
| -21% | -$8.29M |
|
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.