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 | |
|---|---|---|---|---|---|---|
1276
Liberty Media Series A
FWONA
$22.1B
| $30.9M | 0.01% |
845,180
-137,890
| -14% | -$5.14M |
|
|
LSXMA
1277
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $30.9M | 0.01% |
954,128
| – | – |
|
1278
NOV
NOV
$6.95B
| $30.8M | 0.01% |
2,242,034
+81,689
| +4% | +$1.19M |
|
1279
Gentherm
THRM
$1.28B
| $30.6M | 0.01% |
413,368
-148,875
| -26% | -$10.6M |
|
|
OSH
1280
DELISTED
Oak Street Health, Inc.
OSH
| $30.6M | 0.01% |
+563,573
| New | +$31.4M |
|
1281
Alaska Air
ALK
$5.81B
| $30.5M | 0.01% |
440,038
+1,124
| +0.3% | +$67.6K |
|
1282
Teva Pharmaceuticals
TEVA
$40.5B
| $30.4M | 0.01% |
2,637,760
-443,244
| -14% | -$5.08M |
|
1283
LiveRamp
RAMP
$2.3B
| $30.4M | 0.01% |
585,567
-28,633
| -5% | -$1.95M |
|
|
CIXX
1284
DELISTED
CI Financial Corp.
CIXX
| $30.4M | 0.01% |
2,102,404
-604,693
| -22% | -$8.36M |
|
1285
Brinker International
EAT
$9.69B
| $30.3M | 0.01% |
426,923
-98,353
| -19% | -$6.57M |
|
1286
CF Industries
CF
$17.9B
| $30.3M | 0.01% |
668,331
+356,298
| +114% | +$16.1M |
|
1287
Kinsale Capital Group
KNSL
$8.45B
| $30.3M | 0.01% |
184,030
-49,811
| -21% | -$9.14M |
|
1288
Visteon
VC
$2.79B
| $30.3M | 0.01% |
248,524
-56,717
| -19% | -$7.44M |
|
1289
Arcosa
ACA
$7.14B
| $30.3M | 0.01% |
464,936
-253,531
| -35% | -$15.6M |
|
1290
Zillow
ZG
$8.44B
| $30.2M | 0.01% |
230,062
+37,211
| +19% | +$5.74M |
|
1291
Penske Automotive Group
PAG
$14.2B
| $30.1M | 0.01% |
375,318
-111,902
| -23% | -$7.83M |
|
1292
Sanmina
SANM
$10.7B
| $30.1M | 0.01% |
726,517
-341,786
| -32% | -$12.4M |
|
1293
Antero Midstream
AM
$10B
| $30M | 0.01% |
3,327,718
-210,319
| -6% | -$1.81M |
|
1294
Yelp
YELP
$1.41B
| $30M | 0.01% |
768,682
-253,040
| -25% | -$9.2M |
|
1295
Brookfield Infrastructure
BIPC
$4.94B
| $29.9M | 0.01% |
588,093
| – | – |
|
1296
Fulton Financial
FULT
$4.73B
| $29.8M | 0.01% |
1,749,684
-194,677
| -10% | -$3.01M |
|
1297
National Vision
EYE
$1.85B
| $29.5M | 0.01% |
672,835
-82,036
| -11% | -$3.91M |
|
1298
Kratos Defense & Security Solutions
KTOS
$10.4B
| $29.4M | 0.01% |
1,079,395
-78,471
| -7% | -$2.2M |
|
|
B
1299
DELISTED
Barnes Group Inc.
B
| $29.4M | 0.01% |
593,621
-122,043
| -17% | -$6.4M |
|
|
ESGR
1300
DELISTED
Enstar Group
ESGR
| $29.4M | 0.01% |
119,133
-8,354
| -7% | -$1.9M |
|
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.