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 | |
|---|---|---|---|---|---|---|
1351
Adaptive Biotechnologies
ADPT
$3.94B
| $27M | 0.01% |
669,842
-158,038
| -19% | -$8.55M |
|
1352
Cinemark Holdings
CNK
$4.42B
| $27M | 0.01% |
1,320,600
+127,171
| +11% | +$2.68M |
|
1353
Simply Good Foods
SMPL
$996M
| $26.9M | 0.01% |
884,701
-158,803
| -15% | -$4.73M |
|
1354
Aaon
AAON
$7.81B
| $26.9M | 0.01% |
575,704
-111,845
| -16% | -$5.49M |
|
1355
ESCO Technologies
ESE
$8.5B
| $26.8M | 0.01% |
246,296
-33,183
| -12% | -$3.51M |
|
1356
RLJ Lodging Trust
RLJ
$1.89B
| $26.8M | 0.01% |
1,731,250
-405,839
| -19% | -$6.07M |
|
|
MIC
1357
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $26.6M | 0.01% |
836,851
-82,543
| -9% | -$2.59M |
|
1358
ATI
ATI
$27.9B
| $26.6M | 0.01% |
1,261,000
-271,821
| -18% | -$5.31M |
|
1359
Emergent Biosolutions
EBS
$393M
| $26.5M | 0.01% |
285,316
-239,182
| -46% | -$24.5M |
|
1360
NMI Holdings
NMIH
$3.34B
| $26.5M | 0.01% |
1,121,298
-756,108
| -40% | -$17.6M |
|
|
MOMO
1361
Hello Group
MOMO
$863M
| $26.5M | 0.01% |
1,796,515
-109,649
| -6% | -$1.77M |
|
|
AQUA
1362
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $26.5M | 0.01% |
1,005,997
-176,332
| -15% | -$4.7M |
|
1363
Herc Holdings
HRI
$5.65B
| $26.5M | 0.01% |
261,063
-97,583
| -27% | -$7.89M |
|
1364
Dycom Industries
DY
$12.4B
| $26.4M | 0.01% |
284,524
-25,319
| -8% | -$2.19M |
|
|
NSA
1365
DELISTED
National Storage Affiliates Trust
NSA
| $26.4M | 0.01% |
661,354
-161,725
| -20% | -$6.15M |
|
1366
World Kinect Corp
WKC
$1.99B
| $26.2M | 0.01% |
744,760
-130,179
| -15% | -$4.42M |
|
|
MZTI
1367
The Marzetti Company
MZTI
$3.02B
| $26.2M | 0.01% |
149,486
-28,042
| -16% | -$5.03M |
|
1368
Pacira BioSciences
PCRX
$987M
| $26.2M | 0.01% |
373,900
-97,412
| -21% | -$6.96M |
|
1369
Telephone and Data Systems
TDS
$4.03B
| $26.2M | 0.01% |
1,139,707
-230,912
| -17% | -$4.71M |
|
|
KW
1370
DELISTED
Kennedy-Wilson Holdings
KW
| $26.1M | 0.01% |
1,291,323
-528,856
| -29% | -$9.93M |
|
1371
SPX Corp
SPXC
$10.9B
| $26.1M | 0.01% |
447,801
-48,313
| -10% | -$2.75M |
|
1372
Rambus
RMBS
$10.8B
| $26.1M | 0.01% |
1,341,833
-290,853
| -18% | -$5.84M |
|
|
NSTG
1373
DELISTED
NanoString Technologies, Inc.
NSTG
| $26.1M | 0.01% |
396,584
+369,506
| +1,365% | +$25.9M |
|
1374
Albany International
AIN
$1.81B
| $26M | 0.01% |
311,980
-75,913
| -20% | -$6.02M |
|
|
VNE
1375
DELISTED
Veoneer, Inc.
VNE
| $26M | 0.01% |
1,061,188
-241,360
| -19% | -$6.3M |
|
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.