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 | |
|---|---|---|---|---|---|---|
1426
Central Garden & Pet Co Class A
CENTA
$2.42B
| $24.1M | 0.01% |
579,900
-159,484
| -22% | -$5.46M |
|
1427
Methanex
MEOH
$4.14B
| $24.1M | 0.01% |
652,123
-134,994
| -17% | -$5.28M |
|
|
CALY
1428
Callaway Golf Company
CALY
$3.52B
| $24M | 0.01% |
898,808
-235,093
| -21% | -$6.65M |
|
1429
Ubiquiti
UI
$33.9B
| $24M | 0.01% |
80,518
-14,108
| -15% | -$4.44M |
|
1430
Minerals Technologies
MTX
$2.34B
| $24M | 0.01% |
318,537
-141,762
| -31% | -$10M |
|
1431
PennyMac Financial
PFSI
$4B
| $24M | 0.01% |
358,671
-86,093
| -19% | -$5.34M |
|
1432
LendingTree
TREE
$474M
| $24M | 0.01% |
112,526
+14,958
| +15% | +$4.26M |
|
|
MTOR
1433
DELISTED
MERITOR, Inc.
MTOR
| $23.9M | 0.01% |
813,793
-15,703
| -2% | -$467K |
|
|
TSE
1434
DELISTED
Trinseo
TSE
| $23.9M | 0.01% |
375,996
-76,009
| -17% | -$4.64M |
|
1435
Prestige Consumer Healthcare
PBH
$2.46B
| $23.9M | 0.01% |
542,197
-38,135
| -7% | -$1.6M |
|
1436
Edgewell Personal Care
EPC
$1.31B
| $23.9M | 0.01% |
602,835
-187,290
| -24% | -$6.48M |
|
|
CSOD
1437
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $23.9M | 0.01% |
547,727
-91,146
| -14% | -$4.2M |
|
1438
WesBanco
WSBC
$4.06B
| $23.8M | 0.01% |
660,026
+4,325
| +0.7% | +$142K |
|
1439
Badger Meter
BMI
$4.07B
| $23.7M | 0.01% |
254,955
-86,172
| -25% | -$8.68M |
|
|
PDM
1440
Piedmont Realty Trust
PDM
$1.21B
| $23.7M | 0.01% |
1,365,429
-248,023
| -15% | -$4.18M |
|
1441
Spire
SR
$4.7B
| $23.7M | 0.01% |
320,802
-180,280
| -36% | -$12M |
|
|
SJI
1442
DELISTED
South Jersey Industries, Inc.
SJI
| $23.7M | 0.01% |
1,049,651
-86,834
| -8% | -$2.06M |
|
1443
Bloomin' Brands
BLMN
$764M
| $23.7M | 0.01% |
875,767
-157,757
| -15% | -$3.82M |
|
1444
Lennar Class B
LEN.B
$20.6B
| $23.7M | 0.01% |
302,228
-20,432
| -6% | -$1.36M |
|
1445
Shenandoah Telecom
SHEN
$742M
| $23.6M | 0.01% |
484,450
-235,469
| -33% | -$10.8M |
|
|
MDRX
1446
DELISTED
Veradigm Inc. Common Stock
MDRX
| $23.6M | 0.01% |
1,573,957
-543,770
| -26% | -$8.71M |
|
1447
J&J Snack Foods
JJSF
$1.47B
| $23.6M | 0.01% |
150,295
-34,811
| -19% | -$5.46M |
|
1448
PagSeguro Digital
PAGS
$2.66B
| $23.6M | 0.01% |
509,076
+486,333
| +2,138% | +$26.1M |
|
1449
Arvinas
ARVN
$581M
| $23.5M | 0.01% |
355,685
+282,342
| +385% | +$21.6M |
|
|
PRFT
1450
DELISTED
Perficient Inc
PRFT
| $23.5M | 0.01% |
399,896
-273,956
| -41% | -$15.5M |
|
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.