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 | |
|---|---|---|---|---|---|---|
1276
TG Therapeutics
TGTX
$7.07B
| $27.4M | 0.01% |
824,824
-293,959
| -26% | -$9.09M |
|
1277
Kulicke & Soffa
KLIC
$4.91B
| $27.4M | 0.01% |
470,746
-176,461
| -27% | -$11M |
|
1278
Hecla Mining
HL
$10.3B
| $27.4M | 0.01% |
4,984,743
+793,264
| +19% | +$4.94M |
|
1279
Qualys
QLYS
$5.45B
| $27.4M | 0.01% |
246,145
-22,989
| -9% | -$2.52M |
|
1280
Helmerich & Payne
HP
$3.41B
| $27.4M | 0.01% |
998,403
-110,576
| -10% | -$3.09M |
|
1281
Cerence
CRNC
$424M
| $27.4M | 0.01% |
284,686
+27,009
| +10% | +$2.95M |
|
1282
Yelp
YELP
$1.47B
| $27.3M | 0.01% |
733,846
| – | – |
|
1283
Vishay Intertechnology
VSH
$5.96B
| $27.3M | 0.01% |
1,360,162
| – | – |
|
1284
GATX Corp
GATX
$6.37B
| $27.3M | 0.01% |
305,092
-19,128
| -6% | -$1.71M |
|
1285
Plexus
PLXS
$7.41B
| $27.3M | 0.01% |
305,422
-29,588
| -9% | -$2.63M |
|
|
B
1286
DELISTED
Barnes Group Inc.
B
| $27.3M | 0.01% |
654,278
+114,541
| +21% | +$5.46M |
|
1287
Shutterstock
SSTK
$223M
| $27.3M | 0.01% |
240,816
+13,595
| +6% | +$1.47M |
|
1288
Beam Therapeutics
BEAM
$2.67B
| $27.3M | 0.01% |
313,553
+29,492
| +10% | +$2.96M |
|
1289
Piper Sandler
PIPR
$5.13B
| $27.3M | 0.01% |
787,548
+48,676
| +7% | +$1.63M |
|
1290
Magnite
MGNI
$2.8B
| $27.1M | 0.01% |
966,243
+117,779
| +14% | +$3.54M |
|
1291
Haemonetics
HAE
$3.88B
| $27M | 0.01% |
382,465
-111,844
| -23% | -$7.06M |
|
1292
Old National Bancorp
ONB
$10.3B
| $26.9M | 0.01% |
1,589,286
+51,941
| +3% | +$857K |
|
|
LHCG
1293
DELISTED
LHC Group LLC
LHCG
| $26.9M | 0.01% |
171,668
-51,899
| -23% | -$9.74M |
|
1294
MillerKnoll
MLKN
$1.64B
| $26.9M | 0.01% |
713,795
+477,716
| +202% | +$20.5M |
|
|
VMEO
1295
DELISTED
Vimeo
VMEO
| $26.8M | 0.01% |
913,884
-246,438
| -21% | -$9.72M |
|
1296
White Mountains Insurance
WTM
$5.2B
| $26.8M | 0.01% |
25,044
-2,734
| -10% | -$3.05M |
|
|
CADE
1297
DELISTED
Cadence Bancorporation
CADE
| $26.8M | 0.01% |
1,219,772
-28,565
| -2% | -$583K |
|
1298
Quaker Houghton
KWR
$2.89B
| $26.7M | 0.01% |
112,454
-10,721
| -9% | -$2.63M |
|
|
PRMW
1299
DELISTED
Primo Water Corporation
PRMW
| $26.7M | 0.01% |
1,698,061
-96,499
| -5% | -$1.62M |
|
1300
O-I Glass
OI
$1.14B
| $26.7M | 0.01% |
1,867,792
-41,338
| -2% | -$619K |
|
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.