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 | |
|---|---|---|---|---|---|---|
1476
InterDigital
IDCC
$8.34B
| $20.3M | ﹤0.01% |
298,891
+9,679
| +3% | +$671K |
|
1477
First Majestic Silver
AG
$8.13B
| $20.3M | ﹤0.01% |
1,790,982
+26,306
| +1% | +$340K |
|
1478
Broadstone Net Lease
BNL
$4.06B
| $20.2M | ﹤0.01% |
815,625
+638,422
| +360% | +$16.5M |
|
1479
Genworth Financial
GNW
$3.76B
| $20.2M | ﹤0.01% |
5,393,692
-304,370
| -5% | -$1.08M |
|
1480
Coca-Cola Consolidated
COKE
$12B
| $20.2M | ﹤0.01% |
512,330
-164,530
| -24% | -$6.55M |
|
1481
Sprouts Farmers Market
SFM
$8.03B
| $20.2M | ﹤0.01% |
871,425
-161,965
| -16% | -$3.94M |
|
|
CVAC
1482
DELISTED
CureVac
CVAC
| $20.1M | ﹤0.01% |
368,406
+40,962
| +13% | +$2.47M |
|
|
SFIX
1483
Stitch Fix
SFIX
$567M
| $20.1M | ﹤0.01% |
503,350
-33,704
| -6% | -$1.58M |
|
|
KC
1484
Kingsoft Cloud Holdings
KC
$3.92B
| $20.1M | ﹤0.01% |
709,420
| – | – |
|
1485
Gray Television
GTN
$441M
| $20.1M | ﹤0.01% |
880,305
-38,539
| -4% | -$853K |
|
1486
Patrick Industries
PATK
$2.88B
| $20.1M | ﹤0.01% |
361,140
| – | – |
|
1487
CareTrust REIT
CTRE
$9.65B
| $20M | ﹤0.01% |
986,649
-17,300
| -2% | -$391K |
|
1488
Four Corners Property Trust
FCPT
$2.76B
| $20M | ﹤0.01% |
745,154
| – | – |
|
1489
Virtu Financial
VIRT
$5.03B
| $20M | ﹤0.01% |
816,694
-52,011
| -6% | -$1.32M |
|
1490
Central Garden & Pet Co Class A
CENTA
$2.42B
| $19.9M | ﹤0.01% |
579,900
| – | – |
|
|
CXP
1491
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $19.9M | ﹤0.01% |
1,048,336
-173,629
| -14% | -$3.02M |
|
|
PMT
1492
PennyMac Mortgage Investment
PMT
$831M
| $19.9M | ﹤0.01% |
1,012,369
-18,480
| -2% | -$362K |
|
1493
Cavco Industries
CVCO
$4.36B
| $19.9M | ﹤0.01% |
84,057
| – | – |
|
1494
Xencor
XNCR
$1.48B
| $19.9M | ﹤0.01% |
608,098
-7,638
| -1% | -$251K |
|
|
HTLF
1495
DELISTED
Heartland Financial USA, Inc.
HTLF
| $19.7M | ﹤0.01% |
410,575
+23,022
| +6% | +$1.07M |
|
1496
NOV
NOV
$7.13B
| $19.7M | ﹤0.01% |
1,503,041
-477,656
| -24% | -$6.45M |
|
|
TWOU
1497
DELISTED
2U Inc
TWOU
| $19.7M | ﹤0.01% |
19,547
-626
| -3% | -$734K |
|
|
AY
1498
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $19.7M | ﹤0.01% |
570,211
-586,946
| -51% | -$22.2M |
|
|
NSTG
1499
DELISTED
NanoString Technologies, Inc.
NSTG
| $19.7M | ﹤0.01% |
409,870
-12,495
| -3% | -$719K |
|
1500
NewMarket
NEU
$8.18B
| $19.7M | ﹤0.01% |
58,011
| – | – |
|
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.