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 | |
|---|---|---|---|---|---|---|
|
CSGS
1501
DELISTED
CSG Systems International
CSGS
| $21.7M | 0.01% |
482,978
-92,531
| -16% | -$4.27M |
|
|
FOLD
1502
DELISTED
Amicus Therapeutics
FOLD
| $21.6M | 0.01% |
2,188,692
-558,434
| -20% | -$8.64M |
|
1503
Installed Building Products
IBP
$6.15B
| $21.6M | ﹤0.01% |
194,594
-34,033
| -15% | -$3.86M |
|
|
PDCO
1504
DELISTED
Patterson Companies, Inc.
PDCO
| $21.6M | ﹤0.01% |
675,048
-443,878
| -40% | -$14.2M |
|
1505
Hamilton Lane
HLNE
$5.61B
| $21.5M | ﹤0.01% |
243,284
-67,319
| -22% | -$5.69M |
|
|
MFA
1506
MFA Financial
MFA
$931M
| $21.5M | ﹤0.01% |
1,320,760
-174,845
| -12% | -$2.78M |
|
|
LTHM
1507
DELISTED
Livent Corporation
LTHM
| $21.4M | ﹤0.01% |
+1,237,390
| New | +$24.3M |
|
1508
WSFS Financial
WSFS
$4.21B
| $21.4M | ﹤0.01% |
429,958
-90,862
| -17% | -$4.38M |
|
1509
Genworth Financial
GNW
$3.76B
| $21.3M | ﹤0.01% |
6,424,722
-1,754,196
| -21% | -$5.77M |
|
1510
B&G Foods
BGS
$290M
| $21.3M | ﹤0.01% |
686,284
-42,653
| -6% | -$1.34M |
|
|
SVC
1511
Service Properties Trust
SVC
$1.02B
| $21.2M | ﹤0.01% |
358,152
-30,984
| -8% | -$1.86M |
|
1512
Towne Bank
TOWN
$3.48B
| $21.2M | ﹤0.01% |
697,200
+238,979
| +52% | +$6.64M |
|
1513
Shutterstock
SSTK
$223M
| $21.2M | ﹤0.01% |
237,786
-74,976
| -24% | -$6M |
|
|
OPLN
1514
Openlane
OPLN
$4.36B
| $21.2M | ﹤0.01% |
1,410,615
-402,765
| -22% | -$6.86M |
|
1515
Trustmark
TRMK
$2.82B
| $21.2M | ﹤0.01% |
628,580
-146,507
| -19% | -$4.58M |
|
1516
PTC Therapeutics
PTCT
$5.68B
| $21.1M | ﹤0.01% |
445,746
-108,544
| -20% | -$6.45M |
|
1517
Jack Henry & Associates
JKHY
$11.1B
| $21.1M | ﹤0.01% |
139,099
+67,203
| +93% | +$10.3M |
|
|
ROIC
1518
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $21.1M | ﹤0.01% |
1,329,724
-174,698
| -12% | -$2.68M |
|
1519
JetBlue
JBLU
$2.35B
| $21M | ﹤0.01% |
1,030,054
-773,922
| -43% | -$13.4M |
|
1520
United Parks & Resorts
PRKS
$2.18B
| $20.9M | ﹤0.01% |
420,616
-141,101
| -25% | -$5.59M |
|
1521
MACOM Technology Solutions
MTSI
$19.5B
| $20.9M | ﹤0.01% |
359,722
+51,900
| +17% | +$3.22M |
|
1522
Sally Beauty Holdings
SBH
$1.54B
| $20.8M | ﹤0.01% |
1,034,142
-701,772
| -40% | -$11.7M |
|
1523
Abercrombie & Fitch
ANF
$4.84B
| $20.8M | ﹤0.01% |
605,860
+193,160
| +47% | +$5.33M |
|
|
TWNK
1524
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $20.7M | ﹤0.01% |
1,446,010
-77,303
| -5% | -$1.13M |
|
1525
Banner Corp
BANR
$2.44B
| $20.7M | ﹤0.01% |
388,703
-62,714
| -14% | -$3.26M |
|
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.