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 | |
|---|---|---|---|---|---|---|
|
EPAY
1526
DELISTED
Bottomline Technologies Inc
EPAY
| $18.8M | ﹤0.01% |
479,761
-18,700
| -4% | -$754K |
|
|
ELME
1527
Elme Communities
ELME
$146M
| $18.8M | ﹤0.01% |
758,765
-30,860
| -4% | -$759K |
|
|
DISCK
1528
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $18.7M | ﹤0.01% |
769,356
-759,737
| -50% | -$20.3M |
|
|
TWNK
1529
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $18.7M | ﹤0.01% |
1,074,905
-38,386
| -3% | -$622K |
|
|
CWEN.A
1530
DELISTED
Clearway Energy Class A
CWEN.A
| $18.6M | ﹤0.01% |
659,993
+98,172
| +17% | +$2.76M |
|
1531
FuelCell Energy
FCEL
$1.69B
| $18.6M | ﹤0.01% |
92,673
+24,540
| +36% | +$4.87M |
|
1532
CBIZ
CBZ
$2.97B
| $18.6M | ﹤0.01% |
574,008
-4,184
| -0.7% | -$136K |
|
1533
Dave & Buster's
PLAY
$364M
| $18.4M | ﹤0.01% |
481,191
-51,452
| -10% | -$1.86M |
|
1534
Hope Bancorp
HOPE
$1.82B
| $18.4M | ﹤0.01% |
1,276,781
+32,100
| +3% | +$437K |
|
|
PDCO
1535
DELISTED
Patterson Companies, Inc.
PDCO
| $18.3M | ﹤0.01% |
607,535
-40,456
| -6% | -$1.23M |
|
1536
Towne Bank
TOWN
$3.5B
| $18.3M | ﹤0.01% |
587,786
-45,641
| -7% | -$1.37M |
|
1537
Evolent Health
EVH
$346M
| $18.3M | ﹤0.01% |
589,167
-65,906
| -10% | -$1.58M |
|
1538
Editas Medicine
EDIT
$422M
| $18.2M | ﹤0.01% |
443,829
+25,282
| +6% | +$1.39M |
|
1539
Newmark Group
NMRK
$2.77B
| $18.2M | ﹤0.01% |
1,272,271
-67,400
| -5% | -$869K |
|
1540
Jack in the Box
JACK
$351M
| $18.2M | ﹤0.01% |
186,693
-21,615
| -10% | -$2.25M |
|
|
SVC
1541
Service Properties Trust
SVC
$1.02B
| $18.1M | ﹤0.01% |
323,342
-273
| -0.1% | -$15.5K |
|
1542
Amkor Technology
AMKR
$13.4B
| $18.1M | ﹤0.01% |
725,824
+119,888
| +20% | +$3.06M |
|
|
MTOR
1543
DELISTED
MERITOR, Inc.
MTOR
| $18.1M | ﹤0.01% |
848,709
+77,489
| +10% | +$1.8M |
|
1544
Methode Electronics
MEI
$613M
| $18.1M | ﹤0.01% |
429,909
+25,200
| +6% | +$1.16M |
|
1545
LendingTree
TREE
$475M
| $18M | ﹤0.01% |
128,736
+30,552
| +31% | +$5.36M |
|
1546
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $18M | ﹤0.01% |
506,842
-19,494
| -4% | -$656K |
|
|
FLNA
1547
Filana Therapeutics
FLNA
$46.4M
| $18M | ﹤0.01% |
+289,841
| New | +$24.2M |
|
1548
Nerdy
NRDY
$107M
| $18M | ﹤0.01% |
+1,800,000
| New | +$18.2M |
|
|
PVG
1549
DELISTED
PRETIUM RESOURCES INC.
PVG
| $18M | ﹤0.01% |
1,860,964
-19,938
| -1% | -$190K |
|
1550
Eagle Bancorp
EGBN
$861M
| $17.9M | ﹤0.01% |
311,478
-4,641
| -1% | -$260K |
|
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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.