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 | |
|---|---|---|---|---|---|---|
|
ALTR
1576
DELISTED
Altair Engineering Inc
ALTR
| $18.7M | ﹤0.01% |
+298,327
| New | +$18.2M |
|
1577
Macerich
MAC
$7.26B
| $18.7M | ﹤0.01% |
1,595,092
-358,750
| -18% | -$4.8M |
|
1578
Healthcare Services Group
HCSG
$1.59B
| $18.6M | ﹤0.01% |
664,867
-205,848
| -24% | -$6.21M |
|
|
ELME
1579
Elme Communities
ELME
$144M
| $18.6M | ﹤0.01% |
841,249
-81,982
| -9% | -$1.87M |
|
1580
Acadia Realty Trust
AKR
$2.97B
| $18.4M | ﹤0.01% |
972,090
-145,258
| -13% | -$2.53M |
|
|
HUYA
1581
Huya Inc
HUYA
$586M
| $18.4M | ﹤0.01% |
944,664
+63,653
| +7% | +$1.6M |
|
1582
Replimune Group
REPL
$1B
| $18.4M | ﹤0.01% |
601,445
-150,361
| -20% | -$5.63M |
|
|
AAT
1583
American Assets Trust
AAT
$1.42B
| $18.3M | ﹤0.01% |
564,699
-86,170
| -13% | -$2.66M |
|
1584
Griffon
GFF
$4.29B
| $18.3M | ﹤0.01% |
674,099
+155,582
| +30% | +$3.84M |
|
1585
Helios Technologies
HLIO
$2.69B
| $18.3M | ﹤0.01% |
251,260
-152,821
| -38% | -$9.77M |
|
1586
Northwest Bancshares
NWBI
$2.34B
| $18.3M | ﹤0.01% |
1,264,668
-199,972
| -14% | -$2.81M |
|
|
GBT
1587
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $18.2M | ﹤0.01% |
447,726
-106,558
| -19% | -$4.9M |
|
1588
Virtu Financial
VIRT
$5.03B
| $18.2M | ﹤0.01% |
587,202
-151,919
| -21% | -$4.19M |
|
1589
Sphere Entertainment
SPHR
$5.69B
| $18.2M | ﹤0.01% |
222,833
-23,312
| -9% | -$2.32M |
|
|
AGNT
1590
AGNT Inc
AGNT
$693M
| $18.2M | ﹤0.01% |
399,579
+341,777
| +591% | +$18.2M |
|
|
SPWR
1591
DELISTED
SunPower Corporation Common Stock
SPWR
| $18.2M | ﹤0.01% |
543,637
-188,906
| -26% | -$7.08M |
|
|
SAGE
1592
DELISTED
Sage Therapeutics
SAGE
| $18.1M | ﹤0.01% |
242,187
-266,946
| -52% | -$21.9M |
|
1593
TTM Technologies
TTMI
$13.8B
| $18.1M | ﹤0.01% |
1,248,697
-157,346
| -11% | -$2.23M |
|
|
PS
1594
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $17.9M | ﹤0.01% |
803,216
-199,551
| -20% | -$4.28M |
|
1595
Horace Mann Educators
HMN
$2.1B
| $17.9M | ﹤0.01% |
414,809
-165,518
| -29% | -$6.85M |
|
1596
Trupanion
TRUP
$1.08B
| $17.9M | ﹤0.01% |
234,701
+204,475
| +676% | +$21M |
|
|
HTLF
1597
DELISTED
Heartland Financial USA, Inc.
HTLF
| $17.9M | ﹤0.01% |
355,762
-73,571
| -17% | -$3.46M |
|
1598
Aecom
ACM
$9.74B
| $17.8M | ﹤0.01% |
278,324
+30,000
| +12% | +$1.71M |
|
|
SASR
1599
DELISTED
Sandy Spring Bancorp Inc
SASR
| $17.8M | ﹤0.01% |
410,291
-129,013
| -24% | -$4.9M |
|
1600
Enpro
NPO
$7.07B
| $17.7M | ﹤0.01% |
207,248
-118,491
| -36% | -$9.67M |
|
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.