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 | |
|---|---|---|---|---|---|---|
|
KW
1426
DELISTED
Kennedy-Wilson Holdings
KW
| $22.1M | ﹤0.01% |
1,058,702
-125,813
| -11% | -$2.62M |
|
1427
Applovin
APP
$141B
| $22.1M | ﹤0.01% |
304,905
-50,508
| -14% | -$3.43M |
|
|
RETA
1428
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $22M | ﹤0.01% |
218,725
+5,228
| +2% | +$613K |
|
1429
Acadia Pharmaceuticals
ACAD
$4.65B
| $21.9M | ﹤0.01% |
1,320,399
+142,903
| +12% | +$2.75M |
|
1430
Badger Meter
BMI
$4.07B
| $21.9M | ﹤0.01% |
216,710
-30,235
| -12% | -$3.09M |
|
|
HOUS
1431
DELISTED
Anywhere Real Estate
HOUS
| $21.9M | ﹤0.01% |
1,248,332
-31,007
| -2% | -$546K |
|
1432
NETSCOUT
NTCT
$3.07B
| $21.8M | ﹤0.01% |
807,613
-21,926
| -3% | -$608K |
|
1433
Banner Corp
BANR
$2.44B
| $21.8M | ﹤0.01% |
394,175
+25,500
| +7% | +$1.37M |
|
|
GWB
1434
DELISTED
Great Western Bancorp, Inc.
GWB
| $21.7M | ﹤0.01% |
663,100
+15,704
| +2% | +$484K |
|
|
CELL
1435
DELISTED
PhenomeX Inc. Common Stock
CELL
| $21.7M | ﹤0.01% |
1,109,104
+651,525
| +142% | +$24.8M |
|
1436
Mercury Systems
MRCY
$6.77B
| $21.7M | ﹤0.01% |
456,913
| – | – |
|
1437
Hilton Grand Vacations
HGV
$3.59B
| $21.7M | ﹤0.01% |
455,319
-308,998
| -40% | -$13.1M |
|
1438
Virtus Investment Partners
VRTS
$1.11B
| $21.6M | ﹤0.01% |
69,474
-20,484
| -23% | -$6.08M |
|
1439
Medifast
MED
$145M
| $21.5M | ﹤0.01% |
111,741
+2,024
| +2% | +$498K |
|
1440
Vistra
VST
$48.3B
| $21.5M | ﹤0.01% |
1,256,093
-271,536
| -18% | -$5.02M |
|
1441
MACOM Technology Solutions
MTSI
$20.9B
| $21.5M | ﹤0.01% |
330,714
+23,492
| +8% | +$1.44M |
|
|
ARI
1442
Apollo Commercial Real Estate
ARI
$889M
| $21.4M | ﹤0.01% |
1,445,981
-40,659
| -3% | -$622K |
|
1443
Corcept Therapeutics
CORT
$11.9B
| $21.4M | ﹤0.01% |
1,086,402
+127,727
| +13% | +$2.67M |
|
1444
Lifestance Health
LFST
$3.92B
| $21.3M | ﹤0.01% |
1,471,081
-464,926
| -24% | -$8.95M |
|
|
ODP
1445
DELISTED
ODP
ODP
| $21.3M | ﹤0.01% |
531,122
-29,466
| -5% | -$1.33M |
|
1446
International Bancshares
IBOC
$4.74B
| $21.3M | ﹤0.01% |
511,257
-5,671
| -1% | -$231K |
|
1447
JELD-WEN Holding
JELD
$156M
| $21.2M | ﹤0.01% |
848,945
| – | – |
|
1448
Alaska Air
ALK
$5.86B
| $21.2M | ﹤0.01% |
362,268
-4,612
| -1% | -$266K |
|
|
AGNT
1449
AGNT Inc
AGNT
$693M
| $21.2M | ﹤0.01% |
533,296
+193,196
| +57% | +$8.27M |
|
1450
WSFS Financial
WSFS
$4.21B
| $21.1M | ﹤0.01% |
411,831
-23,348
| -5% | -$1.05M |
|
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.