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 | |
|---|---|---|---|---|---|---|
1351
PennyMac Financial
PFSI
$4B
| $24.8M | 0.01% |
405,515
+62,968
| +18% | +$4M |
|
1352
Nu Skin
NUS
$259M
| $24.8M | 0.01% |
611,762
-46,545
| -7% | -$2.36M |
|
1353
TAL Education Group
TAL
$6.65B
| $24.7M | 0.01% |
5,095,528
| – | – |
|
1354
Hawaiian Electric Industries
HE
$2.2B
| $24.7M | 0.01% |
603,777
-5,456
| -0.9% | -$234K |
|
1355
Innospec
IOSP
$2.14B
| $24.6M | 0.01% |
292,374
+46,204
| +19% | +$4.12M |
|
1356
Federated Hermes
FHI
$4.85B
| $24.6M | 0.01% |
755,914
-124,929
| -14% | -$4.08M |
|
|
VISN
1357
Vistance Networks Inc
VISN
$2.82B
| $24.5M | 0.01% |
1,804,789
-106,795
| -6% | -$1.84M |
|
1358
Minerals Technologies
MTX
$2.34B
| $24.5M | 0.01% |
351,130
+59,487
| +20% | +$4.54M |
|
1359
California Water Service
CWT
$3.11B
| $24.5M | 0.01% |
415,640
-21,000
| -5% | -$1.29M |
|
1360
EVgo
EVGO
$244M
| $24.4M | 0.01% |
+3,000,000
| New | +$30.3M |
|
1361
First Financial Bancorp
FFBC
$3.62B
| $24.4M | 0.01% |
1,043,086
-46,203
| -4% | -$1.06M |
|
1362
Artisan Partners
APAM
$3.03B
| $24.3M | 0.01% |
497,694
-11,919
| -2% | -$602K |
|
1363
United Parks & Resorts
PRKS
$2.18B
| $24.3M | 0.01% |
440,068
| – | – |
|
1364
Under Armour
UAA
$2.92B
| $24.3M | 0.01% |
1,205,176
+952,343
| +377% | +$21.1M |
|
1365
Trupanion
TRUP
$1.08B
| $24.3M | 0.01% |
312,654
+25,513
| +9% | +$2.52M |
|
1366
Green Dot
GDOT
$748M
| $24.3M | 0.01% |
482,341
-6,749
| -1% | -$325K |
|
1367
National Health Investors
NHI
$3.61B
| $24.3M | 0.01% |
453,629
-39,066
| -8% | -$2.44M |
|
1368
Advantage Solutions
ADV
$555M
| $24.2M | 0.01% |
112,000
-71,242
| -39% | -$16.7M |
|
1369
Perrigo
PRGO
$1.49B
| $24.2M | 0.01% |
511,253
-400,625
| -44% | -$17.8M |
|
1370
FirstCash
FCFS
$9.32B
| $24.1M | 0.01% |
275,829
+16,094
| +6% | +$1.33M |
|
1371
World Kinect Corp
WKC
$2B
| $24.1M | 0.01% |
715,656
-12,315
| -2% | -$394K |
|
|
NVRO
1372
DELISTED
NEVRO CORP.
NVRO
| $24M | 0.01% |
206,267
+115,682
| +128% | +$15.1M |
|
1373
Cabot Corp
CBT
$4.23B
| $24M | 0.01% |
477,910
-99,842
| -17% | -$5.33M |
|
1374
Franklin Resources
BEN
$18.2B
| $23.9M | 0.01% |
804,662
-45,430
| -5% | -$1.42M |
|
1375
CONMED
CNMD
$1.51B
| $23.9M | 0.01% |
182,556
-40,847
| -18% | -$5.34M |
|
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.