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 | |
|---|---|---|---|---|---|---|
1251
CNO Financial Group
CNO
$5.16B
| $32.2M | 0.01% |
1,325,966
-353,005
| -21% | -$8.4M |
|
1252
Stratasys
SSYS
$778M
| $32.1M | 0.01% |
1,240,694
+493,653
| +66% | +$17M |
|
|
SWTX
1253
DELISTED
SpringWorks Therapeutics
SWTX
| $32.1M | 0.01% |
436,335
-34,657
| -7% | -$2.71M |
|
1254
Insperity
NSP
$1.95B
| $32.1M | 0.01% |
383,241
-139,049
| -27% | -$11.8M |
|
1255
3D Systems Corp
DDD
$583M
| $32M | 0.01% |
1,167,909
-200,708
| -15% | -$6.63M |
|
1256
HUB Group
HUBG
$2.91B
| $32M | 0.01% |
950,638
-304,264
| -24% | -$9.13M |
|
1257
Wendy's
WEN
$1.52B
| $32M | 0.01% |
1,578,380
+114,729
| +8% | +$2.38M |
|
|
1258
Alibaba
BABA
$308B
| $31.9M | 0.01% |
140,891
-24,407,223
| -99% | -$5.99B |
|
1259
PROG Holdings
PRG
$1.83B
| $31.9M | 0.01% |
737,460
-246,489
| -25% | -$12.3M |
|
1260
Energizer
ENR
$1.54B
| $31.9M | 0.01% |
671,994
-52,836
| -7% | -$2.43M |
|
1261
Colliers International
CIGI
$5.17B
| $31.8M | 0.01% |
323,657
-96,711
| -23% | -$9.48M |
|
1262
Viasat
VSAT
$11.2B
| $31.8M | 0.01% |
660,970
-62,953
| -9% | -$3.05M |
|
1263
Columbia Banking Systems
COLB
$8.87B
| $31.7M | 0.01% |
736,798
-46,745
| -6% | -$2.04M |
|
1264
MillerKnoll
MLKN
$1.63B
| $31.7M | 0.01% |
770,875
-205,225
| -21% | -$7.85M |
|
1265
Upbound Group
UPBD
$1.17B
| $31.7M | 0.01% |
549,694
-123,680
| -18% | -$6.47M |
|
|
CMD
1266
DELISTED
Cantel Medical Corporation
CMD
| $31.7M | 0.01% |
396,977
-208,385
| -34% | -$16.3M |
|
|
AEL
1267
DELISTED
American Equity Investment Life Holding Company
AEL
| $31.7M | 0.01% |
1,004,884
-422,871
| -30% | -$12.6M |
|
1268
Evertec
EVTC
$1.93B
| $31.7M | 0.01% |
850,744
-60,475
| -7% | -$2.27M |
|
1269
Group 1 Automotive
GPI
$3.31B
| $31.5M | 0.01% |
199,847
-113,018
| -36% | -$17.2M |
|
|
TPTX
1270
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $31.4M | 0.01% |
332,330
-65,388
| -16% | -$7.78M |
|
1271
Helmerich & Payne
HP
$3.33B
| $31.4M | 0.01% |
1,165,058
-271,356
| -19% | -$7.5M |
|
|
BECN
1272
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $31.3M | 0.01% |
599,117
-91,823
| -13% | -$4.29M |
|
1273
Alkermes
ALKS
$8.32B
| $31.2M | 0.01% |
1,671,885
-217,232
| -11% | -$4.45M |
|
1274
LGI Homes
LGIH
$1.43B
| $31.2M | 0.01% |
209,060
-35,269
| -14% | -$4.24M |
|
1275
Walker & Dunlop
WD
$1.76B
| $31.1M | 0.01% |
302,931
-81,359
| -21% | -$7.9M |
|
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.