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 | |
|---|---|---|---|---|---|---|
1551
Independent Bank
INDB
$4.08B
| $17.9M | ﹤0.01% |
234,586
-59,100
| -20% | -$4.33M |
|
1552
Adient
ADNT
$1.66B
| $17.8M | ﹤0.01% |
430,283
-560,394
| -57% | -$22.3M |
|
1553
Replimune Group
REPL
$1B
| $17.8M | ﹤0.01% |
601,445
| – | – |
|
1554
Monro
MNRO
$410M
| $17.8M | ﹤0.01% |
308,936
+9,762
| +3% | +$573K |
|
1555
Cohen & Steers
CNS
$4.32B
| $17.7M | ﹤0.01% |
211,403
-2,886
| -1% | -$245K |
|
|
NBP
1556
NovaBridge Biosciences American Depositary Shares
NBP
$191M
| $17.7M | ﹤0.01% |
243,894
+213,894
| +713% | +$15.5M |
|
|
RCM
1557
DELISTED
R1 RCM Inc. Common Stock
RCM
| $17.7M | ﹤0.01% |
802,142
-42,767
| -5% | -$884K |
|
|
AAMI
1558
Acadian Asset Management
AAMI
$3.28B
| $17.6M | ﹤0.01% |
673,502
+86,189
| +15% | +$2.22M |
|
1559
Global Net Lease
GNL
$1.81B
| $17.5M | ﹤0.01% |
1,095,360
+60,000
| +6% | +$1.05M |
|
|
ALEX
1560
DELISTED
Alexander & Baldwin
ALEX
| $17.5M | ﹤0.01% |
746,496
| – | – |
|
|
HOLI
1561
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $17.5M | ﹤0.01% |
845,265
-111,522
| -12% | -$2.04M |
|
1562
Installed Building Products
IBP
$6.41B
| $17.5M | ﹤0.01% |
162,866
+17,183
| +12% | +$2.05M |
|
1563
Acadia Realty Trust
AKR
$2.97B
| $17.4M | ﹤0.01% |
854,882
-81,663
| -9% | -$1.72M |
|
1564
Sturm, Ruger & Co
RGR
$625M
| $17.4M | ﹤0.01% |
235,194
+63,162
| +37% | +$4.91M |
|
1565
Dycom Industries
DY
$12.5B
| $17.3M | ﹤0.01% |
243,084
+29,390
| +14% | +$2.08M |
|
1566
Belden
BDC
$4.98B
| $17.3M | ﹤0.01% |
297,013
-68,989
| -19% | -$3.7M |
|
1567
Kite Realty
KRG
$5.59B
| $17.3M | ﹤0.01% |
847,929
-41,455
| -5% | -$841K |
|
|
ARGO
1568
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $17.2M | ﹤0.01% |
329,853
| – | – |
|
1569
Kontoor Brands
KTB
$4.61B
| $17.2M | ﹤0.01% |
344,664
-126,516
| -27% | -$7.01M |
|
1570
Carpenter Technology
CRS
$28.3B
| $17.2M | ﹤0.01% |
525,384
+96,432
| +22% | +$3.42M |
|
1571
B&G Foods
BGS
$289M
| $17.2M | ﹤0.01% |
575,258
-27,741
| -5% | -$832K |
|
1572
PRA Group
PRAA
$672M
| $17.2M | ﹤0.01% |
407,101
+14,974
| +4% | +$597K |
|
1573
Vir Biotechnology
VIR
$1.55B
| $17.1M | ﹤0.01% |
393,669
+101,994
| +35% | +$4.42M |
|
1574
Greif
GEF
$5.08B
| $17.1M | ﹤0.01% |
264,830
| – | – |
|
1575
Sinclair Inc
SBGI
$1.01B
| $17.1M | ﹤0.01% |
539,900
+94,200
| +21% | +$2.77M |
|
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.