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 | |
|---|---|---|---|---|---|---|
1226
Moog Inc Class A
MOG.A
$12.9B
| $29.7M | 0.01% |
389,396
+12,498
| +3% | +$976K |
|
1227
Simply Good Foods
SMPL
$1B
| $29.6M | 0.01% |
858,421
+61,497
| +8% | +$2.21M |
|
1228
CNO Financial Group
CNO
$5.14B
| $29.6M | 0.01% |
1,255,594
-89,682
| -7% | -$2.1M |
|
|
VRNT
1229
DELISTED
Verint Systems
VRNT
| $29.5M | 0.01% |
659,471
-141,054
| -18% | -$6.14M |
|
1230
DigitalBridge
DBRG
$2.94B
| $29.5M | 0.01% |
1,222,578
-189,829
| -13% | -$5.24M |
|
1231
Walker & Dunlop
WD
$1.77B
| $29.5M | 0.01% |
259,508
-21,949
| -8% | -$2.3M |
|
1232
Hyatt Hotels
H
$17B
| $29.4M | 0.01% |
381,661
+29,431
| +8% | +$2.22M |
|
|
UCB
1233
United Community Banks
UCB
$4.32B
| $29.4M | 0.01% |
896,599
+70,100
| +8% | +$2.1M |
|
1234
PROG Holdings
PRG
$1.83B
| $29.4M | 0.01% |
699,787
| – | – |
|
1235
Insight Enterprises
NSIT
$4.05B
| $29.3M | 0.01% |
325,741
-19,815
| -6% | -$1.92M |
|
1236
Red Rock Resorts
RRR
$3.75B
| $29.3M | 0.01% |
571,445
-46,363
| -8% | -$2.02M |
|
|
RPAI
1237
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $29.3M | 0.01% |
2,272,322
-37,934
| -2% | -$474K |
|
|
ESGR
1238
DELISTED
Enstar Group
ESGR
| $29.3M | 0.01% |
124,637
+30,441
| +32% | +$7.43M |
|
|
MDLA
1239
DELISTED
Medallia, Inc.
MDLA
| $29.2M | 0.01% |
861,225
+217,916
| +34% | +$7.28M |
|
1240
Commercial Metals
CMC
$8.2B
| $29.1M | 0.01% |
956,717
+117,226
| +14% | +$3.73M |
|
1241
Columbia Sportswear
COLM
$2.97B
| $29.1M | 0.01% |
303,821
-39,354
| -11% | -$3.97M |
|
1242
Evertec
EVTC
$1.95B
| $29.1M | 0.01% |
636,551
+10,307
| +2% | +$465K |
|
|
FLOW
1243
DELISTED
SPX FLOW, Inc.
FLOW
| $29M | 0.01% |
396,982
-43,205
| -10% | -$3.28M |
|
1244
Helen of Troy
HELE
$672M
| $29M | 0.01% |
128,914
+3,830
| +3% | +$877K |
|
1245
Advanced Energy
AEIS
$13.5B
| $28.9M | 0.01% |
329,672
-55,856
| -14% | -$5.22M |
|
1246
Murphy USA
MUSA
$10.9B
| $28.9M | 0.01% |
172,630
-38,299
| -18% | -$5.78M |
|
1247
Methanex
MEOH
$4.05B
| $28.7M | 0.01% |
623,636
| – | – |
|
|
SIX
1248
DELISTED
Six Flags Entertainment Corp.
SIX
| $28.7M | 0.01% |
674,392
-5,022
| -0.7% | -$209K |
|
1249
8x8 Inc
EGHT
$308M
| $28.6M | 0.01% |
1,221,283
+97,387
| +9% | +$2.44M |
|
|
MYOV
1250
DELISTED
Myovant Sciences Ltd.
MYOV
| $28.5M | 0.01% |
1,271,756
+11,086
| +0.9% | +$243K |
|
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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.