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 | |
|---|---|---|---|---|---|---|
|
MZTI
1376
The Marzetti Company
MZTI
$3.02B
| $23.9M | 0.01% |
141,483
+28,892
| +26% | +$5.34M |
|
1377
Xerox
XRX
$424M
| $23.9M | 0.01% |
1,182,600
-115,359
| -9% | -$2.62M |
|
|
AZEK
1378
DELISTED
The AZEK Co
AZEK
| $23.8M | 0.01% |
651,945
-73,998
| -10% | -$2.88M |
|
|
LPRO
1379
DELISTED
Open Lending Corp
LPRO
| $23.8M | 0.01% |
659,428
-303,271
| -32% | -$11.6M |
|
1380
Portland General Electric
POR
$5.89B
| $23.8M | 0.01% |
505,943
+77,657
| +18% | +$3.82M |
|
|
CSGS
1381
DELISTED
CSG Systems International
CSGS
| $23.6M | 0.01% |
489,831
+14,000
| +3% | +$655K |
|
1382
Rambus
RMBS
$10.9B
| $23.6M | 0.01% |
1,062,993
-221,703
| -17% | -$5.22M |
|
1383
Grand Canyon Education
LOPE
$3.93B
| $23.6M | 0.01% |
268,122
-174,319
| -39% | -$15.5M |
|
1384
Ingevity
NGVT
$2.6B
| $23.5M | 0.01% |
329,924
-73,401
| -18% | -$5.79M |
|
|
BDN
1385
Brandywine Realty Trust
BDN
$546M
| $23.5M | 0.01% |
1,752,993
-258,408
| -13% | -$3.55M |
|
1386
AtriCure
ATRC
$1.98B
| $23.5M | 0.01% |
337,886
+27,700
| +9% | +$2.13M |
|
1387
Wolverine World Wide
WWW
$1.59B
| $23.4M | 0.01% |
785,851
-65,662
| -8% | -$2.24M |
|
1388
Eastern Bankshares
EBC
$5.35B
| $23.4M | 0.01% |
1,152,247
-52,433
| -4% | -$1M |
|
1389
Hamilton Lane
HLNE
$5.61B
| $23.4M | 0.01% |
275,612
+6,991
| +3% | +$626K |
|
1390
Adeia
ADEA
$3.44B
| $23.4M | 0.01% |
4,687,676
-157,226
| -3% | -$847K |
|
|
AAWW
1391
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $23.3M | 0.01% |
285,086
+16,986
| +6% | +$1.22M |
|
1392
Forward Air
FWRD
$484M
| $23.3M | 0.01% |
280,168
+15,100
| +6% | +$1.32M |
|
|
JOBS
1393
DELISTED
51job Inc
JOBS
| $23.3M | 0.01% |
334,416
| – | – |
|
|
RAVN
1394
DELISTED
Raven Industries Inc
RAVN
| $23.2M | 0.01% |
403,278
+45,904
| +13% | +$2.66M |
|
1395
Ironwood Pharmaceuticals
IRWD
$709M
| $23.2M | 0.01% |
1,775,428
-6,525
| -0.4% | -$84.3K |
|
1396
Cracker Barrel
CBRL
$1.28B
| $23.1M | 0.01% |
165,468
-66,354
| -29% | -$9.29M |
|
|
WIRE
1397
DELISTED
Encore Wire Corp
WIRE
| $23.1M | 0.01% |
243,264
+13,107
| +6% | +$1.08M |
|
1398
Knowles
KN
$3.45B
| $23.1M | 0.01% |
1,230,282
+300,393
| +32% | +$5.87M |
|
1399
iQIYI
IQ
$1.28B
| $22.9M | 0.01% |
2,855,856
-115,473
| -4% | -$1.2M |
|
1400
Brink's
BCO
$4.86B
| $22.9M | 0.01% |
362,167
-69,964
| -16% | -$5.26M |
|
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.