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 | |
|---|---|---|---|---|---|---|
1501
Acushnet Holdings
GOLF
$5.98B
| $19.5M | ﹤0.01% |
417,877
+5,419
| +1% | +$275K |
|
|
OPTU
1502
Optimum Communications Inc
OPTU
$343M
| $19.5M | ﹤0.01% |
940,605
+49,619
| +6% | +$1.45M |
|
1503
AZZ Inc
AZZ
$4.59B
| $19.5M | ﹤0.01% |
365,983
+99,200
| +37% | +$5.22M |
|
|
NARI
1504
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $19.4M | ﹤0.01% |
239,814
-24,863
| -9% | -$2.09M |
|
1505
John Wiley & Sons Class A
WLY
$2.78B
| $19.4M | ﹤0.01% |
370,674
-128,905
| -26% | -$7.39M |
|
1506
Renasant Corp
RNST
$4.05B
| $19.3M | ﹤0.01% |
536,076
+15,122
| +3% | +$539K |
|
|
CVSA
1507
Covista Inc
CVSA
$4.42B
| $19.3M | ﹤0.01% |
510,870
-40,736
| -7% | -$1.51M |
|
|
TWO
1508
Two Harbors Investment
TWO
$1.27B
| $19.3M | ﹤0.01% |
759,060
+88,227
| +13% | +$2.31M |
|
1509
AppFolio
APPF
$7.07B
| $19.2M | ﹤0.01% |
159,823
+20,200
| +14% | +$2.62M |
|
1510
OR Royalties Inc
OR
$5.77B
| $19.2M | ﹤0.01% |
1,710,148
-180,703
| -10% | -$2.26M |
|
|
TSE
1511
DELISTED
Trinseo
TSE
| $19.1M | ﹤0.01% |
353,027
| – | – |
|
1512
OSI Systems
OSIS
$3.9B
| $19M | ﹤0.01% |
200,684
-6,368
| -3% | -$620K |
|
|
CADE
1513
DELISTED
Cadence Bank
CADE
| $19M | ﹤0.01% |
638,310
-153,925
| -19% | -$4.29M |
|
|
MOMO
1514
Hello Group
MOMO
$882M
| $19M | ﹤0.01% |
1,796,515
| – | – |
|
|
SJI
1515
DELISTED
South Jersey Industries, Inc.
SJI
| $19M | ﹤0.01% |
893,914
-38,658
| -4% | -$952K |
|
1516
Kratos Defense & Security Solutions
KTOS
$9.73B
| $19M | ﹤0.01% |
850,783
-171,875
| -17% | -$4.25M |
|
1517
Enpro
NPO
$7.07B
| $19M | ﹤0.01% |
217,726
| – | – |
|
1518
Provident Financial Services
PFS
$3.3B
| $19M | ﹤0.01% |
807,628
-16,618
| -2% | -$367K |
|
1519
Protolabs
PRLB
$2.11B
| $18.9M | ﹤0.01% |
284,443
-24,193
| -8% | -$1.89M |
|
1520
McGrath RentCorp
MGRC
$2.94B
| $18.9M | ﹤0.01% |
263,248
| – | – |
|
1521
Myriad Genetics
MYGN
$303M
| $18.9M | ﹤0.01% |
586,420
+100,434
| +21% | +$3.34M |
|
1522
NetEase
NTES
$83.6B
| $18.9M | ﹤0.01% |
221,506
-3,479,835
| -94% | -$329M |
|
|
AAT
1523
American Assets Trust
AAT
$1.42B
| $18.9M | ﹤0.01% |
505,474
| – | – |
|
1524
Lennar Class B
LEN.B
$20.6B
| $18.9M | ﹤0.01% |
256,405
-56,471
| -18% | -$4.5M |
|
1525
Cushman & Wakefield Ltd
CWK
$3.3B
| $18.8M | ﹤0.01% |
1,012,699
-107,000
| -10% | -$1.92M |
|
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.