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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+0.6%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$452B
AUM Growth
-$9.33B
Cap. Flow
-$7.26B
Cap. Flow %
-1.61%
Top 10 Hldgs %
22.53%
Holding
2,403
New
197
Increased
630
Reduced
1,246
Closed
133

Top Buys

Rank Stock Value
1
WELL icon
Welltower
WELL
+$851M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$768M
3
BX icon
Blackstone
BX
+$670M
4
AZN icon
AstraZeneca
AZN
+$544M
5
CVX icon
Chevron
CVX
+$483M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.52B
2
MSFT icon
Microsoft
MSFT
+$1.11B
3
AAPL icon
Apple
AAPL
+$825M
4
AMAT icon
Applied Materials
AMAT
+$579M
5
JD icon
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
GKOS icon
1401
Glaukos
GKOS
$10.1B
$22.7M 0.01%
472,036
– –
PDM
1402
Piedmont Realty Trust
PDM
$1.21B
$22.7M 0.01%
1,303,800
– –
VNET
1403
VNET Group
VNET
$2.06B
$22.7M 0.01%
1,311,215
– –
URBN icon
1404
Urban Outfitters
URBN
$6.75B
$22.7M 0.01%
764,000
+49,849
+7% +$1.78M
CVBF icon
1405
CVB Financial
CVBF
$4.07B
$22.7M 0.01%
1,112,470
-58,586
-5% -$1.16M
WSBC icon
1406
WesBanco
WSBC
$4.06B
$22.6M 0.01%
664,619
+41,710
+7% +$1.38M
HTH icon
1407
Hilltop Holdings
HTH
$2.29B
$22.6M 0.01%
692,069
+11,904
+2% +$395K
FRME icon
1408
First Merchants
FRME
$2.73B
$22.6M 0.01%
539,976
-12,858
-2% -$523K
FOE
1409
DELISTED
Ferro Corporation
FOE
$22.6M 0.01%
1,110,777
-44,100
-4% -$915K
VICR icon
1410
Vicor
VICR
$10.4B
$22.6M 0.01%
168,383
+6,913
+4% +$826K
BLMN icon
1411
Bloomin' Brands
BLMN
$764M
$22.6M 0.01%
903,398
– –
REGI
1412
DELISTED
Renewable Energy Group, Inc.
REGI
$22.6M 0.01%
449,513
– –
HWM icon
1413
Howmet Aerospace
HWM
$115B
$22.6M 0.01%
723,226
-627,977
-46% -$20.2M
VC icon
1414
Visteon
VC
$2.81B
$22.5M 0.01%
238,849
+224
+0.1% +$24.2K
UNIT
1415
Uniti Group
UNIT
$2.44B
$22.5M 0.01%
1,821,329
– –
VCYT icon
1416
Veracyte
VCYT
$3.73B
$22.5M 0.01%
485,001
-63,518
-12% -$2.77M
LGIH icon
1417
LGI Homes
LGIH
$1.43B
$22.5M 0.01%
158,471
-51,067
-24% -$8.06M
KRTX
1418
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
$22.5M 0.01%
183,640
+22,731
+14% +$2.62M
SHAK icon
1419
Shake Shack
SHAK
$2.67B
$22.5M 0.01%
286,214
+23,988
+9% +$2.18M
LGF.B
1420
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
$22.4M 0.01%
1,723,337
– –
SNBR
1421
DELISTED
Sleep Number
SNBR
$22.4M 0.01%
239,619
-82,115
-26% -$8.15M
M icon
1422
Macy's
M
$6.89B
$22.4M ﹤0.01%
989,360
-2,267,038
-70% -$45.3M
MGLN
1423
DELISTED
Magellan Health Services, Inc.
MGLN
$22.3M ﹤0.01%
235,887
-146,395
-38% -$13.8M
TPTX
1424
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
$22.2M ﹤0.01%
334,783
-6,171
-2% -$440K
PAG icon
1425
Penske Automotive Group
PAG
$14.4B
$22.2M ﹤0.01%
220,743
-23,570
-10% -$2.07M
55 56
57
58 59

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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.