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 | |
|---|---|---|---|---|---|---|
1201
Alamos Gold
AGI
$13B
| $30.6M | 0.01% |
4,265,053
| – | – |
|
1202
DT Midstream
DTM
$13.6B
| $30.6M | 0.01% |
+660,860
| New | +$28.9M |
|
1203
Atkore
ATKR
$3.16B
| $30.5M | 0.01% |
351,420
+238,627
| +212% | +$19.9M |
|
1204
Iovance Biotherapeutics
IOVA
$1.97B
| $30.5M | 0.01% |
1,238,198
+52,525
| +4% | +$1.24M |
|
|
PSB
1205
DELISTED
PS Business Parks, Inc.
PSB
| $30.5M | 0.01% |
194,803
+1,148
| +0.6% | +$177K |
|
|
SAIL
1206
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $30.5M | 0.01% |
711,903
-3,784
| -0.5% | -$180K |
|
1207
Pacific Biosciences
PACB
$435M
| $30.5M | 0.01% |
1,194,469
-307,672
| -20% | -$9.12M |
|
1208
Westlake Corp
WLK
$9.79B
| $30.5M | 0.01% |
334,577
-11,161
| -3% | -$956K |
|
1209
TechnipFMC
FTI
$27.1B
| $30.5M | 0.01% |
4,020,997
-1,025,472
| -20% | -$7.38M |
|
1210
Group 1 Automotive
GPI
$3.37B
| $30.4M | 0.01% |
161,621
-30,723
| -16% | -$5.21M |
|
1211
ONE Gas
OGS
$4.9B
| $30.3M | 0.01% |
478,649
+43,632
| +10% | +$3.11M |
|
1212
Mueller Industries
MLI
$15.1B
| $30.3M | 0.01% |
2,946,476
+524,000
| +22% | +$5.6M |
|
1213
Marqeta
MQ
$1.8B
| $30.3M | 0.01% |
342,105
-207,895
| -38% | -$22.2M |
|
1214
Allogene Therapeutics
ALLO
$670M
| $30.2M | 0.01% |
1,175,996
-394,633
| -25% | -$9.37M |
|
|
SFBS
1215
ServisFirst Bancshares
SFBS
$4.94B
| $30.2M | 0.01% |
388,329
-34,454
| -8% | -$2.47M |
|
1216
New Jersey Resources
NJR
$5.63B
| $30.1M | 0.01% |
865,548
-34,935
| -4% | -$1.32M |
|
1217
Cathay General Bancorp
CATY
$4.29B
| $30.1M | 0.01% |
727,776
-59,762
| -8% | -$2.33M |
|
|
NUVA
1218
DELISTED
NuVasive, Inc.
NUVA
| $30.1M | 0.01% |
503,263
-16,974
| -3% | -$1.05M |
|
|
DOOR
1219
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $30.1M | 0.01% |
283,752
-4,329
| -2% | -$492K |
|
1220
Pebblebrook Hotel Trust
PEB
$2.18B
| $30M | 0.01% |
1,337,851
+21,237
| +2% | +$470K |
|
1221
Wendy's
WEN
$1.5B
| $29.9M | 0.01% |
1,381,393
-239,000
| -15% | -$5.45M |
|
|
EQC
1222
DELISTED
Equity Commonwealth
EQC
| $29.9M | 0.01% |
1,151,689
-64,556
| -5% | -$1.7M |
|
|
OSH
1223
DELISTED
Oak Street Health, Inc.
OSH
| $29.9M | 0.01% |
703,197
-51,420
| -7% | -$2.76M |
|
1224
Tronox
TROX
$903M
| $29.9M | 0.01% |
1,212,012
-605,447
| -33% | -$12.4M |
|
1225
Commault Systems
CVLT
$5.5B
| $29.8M | 0.01% |
395,919
+13,307
| +3% | +$1.03M |
|
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.