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 | |
|---|---|---|---|---|---|---|
1326
BOK Financial
BOKF
$8.79B
| $25.8M | 0.01% |
288,507
-7,372
| -2% | -$631K |
|
1327
Fulton Financial
FULT
$4.76B
| $25.8M | 0.01% |
1,685,756
| – | – |
|
|
LAZR
1328
DELISTED
Luminar Technologies
LAZR
| $25.7M | 0.01% |
+109,972
| New | +$29.1M |
|
1329
Nektar Therapeutics
NKTR
$2.46B
| $25.7M | 0.01% |
95,455
-25,378
| -21% | -$6.1M |
|
1330
Gibraltar Industries
ROCK
$1.43B
| $25.7M | 0.01% |
368,451
-11,784
| -3% | -$848K |
|
|
BECN
1331
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $25.6M | 0.01% |
536,063
-45,000
| -8% | -$2.33M |
|
1332
Kinsale Capital Group
KNSL
$8.26B
| $25.5M | 0.01% |
157,631
-1,649
| -1% | -$286K |
|
1333
RBC Bearings
RBC
$17.9B
| $25.5M | 0.01% |
120,009
-55,532
| -32% | -$12.1M |
|
1334
Federal Signal
FSS
$8.09B
| $25.4M | 0.01% |
658,403
-129,800
| -16% | -$5.11M |
|
|
IBTX
1335
DELISTED
Independent Bank Group, Inc.
IBTX
| $25.4M | 0.01% |
357,239
| – | – |
|
1336
Mueller Water Products
MWA
$4.16B
| $25.3M | 0.01% |
1,663,341
-27,953
| -2% | -$431K |
|
1337
Stepan Co
SCL
$1.45B
| $25.3M | 0.01% |
224,063
+25,676
| +13% | +$2.99M |
|
|
INOV
1338
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $25.3M | 0.01% |
+627,677
| New | +$23.7M |
|
|
JWN
1339
DELISTED
Nordstrom
JWN
| $25.3M | 0.01% |
955,391
+196,218
| +26% | +$6.26M |
|
1340
Cannae Holdings
CNNE
$660M
| $25.2M | 0.01% |
810,745
+114,748
| +16% | +$3.69M |
|
1341
Comfort Systems
FIX
$62.5B
| $25.2M | 0.01% |
353,127
-35,904
| -9% | -$2.67M |
|
1342
Coty
COTY
$2.56B
| $25.2M | 0.01% |
3,202,960
+215,517
| +7% | +$1.84M |
|
1343
Granite Construction
GVA
$5.34B
| $25.2M | 0.01% |
636,472
+173,496
| +37% | +$6.86M |
|
|
MDC
1344
DELISTED
M.D.C. Holdings, Inc.
MDC
| $25.1M | 0.01% |
538,102
+25,000
| +5% | +$1.27M |
|
1345
RLJ Lodging Trust
RLJ
$1.89B
| $25.1M | 0.01% |
1,689,762
| – | – |
|
1346
TripAdvisor
TRIP
$1.67B
| $25.1M | 0.01% |
741,805
-90,968
| -11% | -$3.26M |
|
1347
Sprout Social
SPT
$526M
| $25M | 0.01% |
205,090
+190,090
| +1,267% | +$20.6M |
|
|
IRBT
1348
DELISTED
iRobot
IRBT
| $25M | 0.01% |
318,565
-20,466
| -6% | -$1.74M |
|
1349
WD-40
WDFC
$3.17B
| $24.9M | 0.01% |
107,662
-1,620
| -1% | -$389K |
|
1350
Graham Holdings Company
GHC
$5.13B
| $24.9M | 0.01% |
42,213
-8,226
| -16% | -$5.13M |
|
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.