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 | |
|---|---|---|---|---|---|---|
1251
Dorman Products
DORM
$4.42B
| $28.5M | 0.01% |
300,556
+78,235
| +35% | +$7.72M |
|
1252
Kirby Corp
KEX
$7.08B
| $28.4M | 0.01% |
591,735
-15,376
| -3% | -$853K |
|
1253
RLI Corp
RLI
$5.67B
| $28.3M | 0.01% |
565,096
-98,000
| -15% | -$5.21M |
|
1254
Progress Software
PRGS
$1.72B
| $28.3M | 0.01% |
575,445
+35,783
| +7% | +$1.65M |
|
1255
Antero Midstream
AM
$10.4B
| $28.3M | 0.01% |
2,711,869
-520,767
| -16% | -$5.11M |
|
1256
Spire
SR
$4.7B
| $28.3M | 0.01% |
461,843
+96,122
| +26% | +$6.58M |
|
1257
Gentherm
THRM
$1.32B
| $28.2M | 0.01% |
348,203
-115,020
| -25% | -$9.1M |
|
1258
First Bancorp
FBP
$4.46B
| $28.1M | 0.01% |
2,137,875
-170,783
| -7% | -$2.1M |
|
1259
EnerSys
ENS
$7.06B
| $28.1M | 0.01% |
377,034
+57,371
| +18% | +$5.09M |
|
1260
Brady Corp
BRC
$4.6B
| $28M | 0.01% |
553,063
+29,100
| +6% | +$1.53M |
|
1261
Wingstop
WING
$3.31B
| $27.9M | 0.01% |
170,327
-16,256
| -9% | -$2.76M |
|
1262
Bank of Hawaii
BOH
$3.19B
| $27.8M | 0.01% |
338,763
-21,000
| -6% | -$1.74M |
|
1263
Steven Madden
SHOO
$3.58B
| $27.8M | 0.01% |
692,281
-68,927
| -9% | -$2.85M |
|
1264
American States Water
AWR
$3.35B
| $27.8M | 0.01% |
324,597
-89,595
| -22% | -$7.88M |
|
1265
H.B. Fuller
FUL
$3.17B
| $27.7M | 0.01% |
429,715
-149,079
| -26% | -$9.66M |
|
1266
LCI Industries
LCII
$2.6B
| $27.7M | 0.01% |
206,031
-15,806
| -7% | -$2.18M |
|
1267
Kodiak Sciences
KOD
$2.68B
| $27.7M | 0.01% |
288,216
+98,759
| +52% | +$9.13M |
|
1268
Albany International
AIN
$1.79B
| $27.7M | 0.01% |
359,833
+36,600
| +11% | +$2.94M |
|
1269
LivePerson
LPSN
$27M
| $27.6M | 0.01% |
31,265
-922
| -3% | -$870K |
|
1270
SPX Corp
SPXC
$10.8B
| $27.6M | 0.01% |
516,313
+79,200
| +18% | +$4.86M |
|
|
ALLK
1271
DELISTED
Allakos
ALLK
| $27.6M | 0.01% |
260,442
+72,053
| +38% | +$6.44M |
|
1272
LiveRamp
RAMP
$2.3B
| $27.6M | 0.01% |
583,505
+56,753
| +11% | +$2.56M |
|
1273
Sabre
SABR
$838M
| $27.5M | 0.01% |
2,324,725
+1,605,397
| +223% | +$18.2M |
|
|
FMBI
1274
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $27.5M | 0.01% |
1,446,996
+151,616
| +12% | +$2.79M |
|
|
DNB
1275
DELISTED
Dun & Bradstreet
DNB
| $27.4M | 0.01% |
1,632,954
+106,904
| +7% | +$2.03M |
|
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.