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 | |
|---|---|---|---|---|---|---|
1576
Edgewell Personal Care
EPC
$1.3B
| $17M | ﹤0.01% |
469,609
-142,321
| -23% | -$5.85M |
|
1577
Empire State Realty Trust
ESRT
$848M
| $17M | ﹤0.01% |
1,691,421
-68,241
| -4% | -$737K |
|
1578
Archrock
AROC
$6.22B
| $16.9M | ﹤0.01% |
2,043,933
+241,288
| +13% | +$1.94M |
|
1579
Laureate Education
LAUR
$5.15B
| $16.8M | ﹤0.01% |
990,769
-4,845
| -0.5% | -$76.1K |
|
1580
Patterson-UTI
PTEN
$3.82B
| $16.8M | ﹤0.01% |
1,869,055
+172,572
| +10% | +$1.4M |
|
|
AVYA
1581
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $16.8M | ﹤0.01% |
849,698
-39,422
| -4% | -$870K |
|
|
APLS
1582
DELISTED
Apellis Pharmaceuticals
APLS
| $16.8M | ﹤0.01% |
510,178
+68,317
| +15% | +$3.84M |
|
1583
Equinox Gold
EQX
$7.47B
| $16.8M | ﹤0.01% |
2,540,633
| – | – |
|
1584
Tennant Co
TNC
$1.49B
| $16.7M | ﹤0.01% |
226,280
+10,281
| +5% | +$772K |
|
|
ETWO
1585
DELISTED
E2open Parent Holdings
ETWO
| $16.7M | ﹤0.01% |
1,473,600
+852,716
| +137% | +$9.57M |
|
1586
Sally Beauty Holdings
SBH
$1.58B
| $16.6M | ﹤0.01% |
985,250
-255,066
| -21% | -$4.86M |
|
1587
HNI Corp
HNI
$3.46B
| $16.6M | ﹤0.01% |
451,271
-13,720
| -3% | -$531K |
|
1588
Certara
CERT
$1.18B
| $16.5M | ﹤0.01% |
499,542
+424,542
| +566% | +$12.8M |
|
1589
Microvast
MVST
$293M
| $16.4M | ﹤0.01% |
+2,000,000
| New | +$20.9M |
|
|
ONEM
1590
DELISTED
1Life Healthcare
ONEM
| $16.3M | ﹤0.01% |
806,858
+97,210
| +14% | +$2.5M |
|
|
SAFE
1591
Safehold
SAFE
$1.16B
| $16.3M | ﹤0.01% |
133,706
-5,960
| -4% | -$718K |
|
1592
Stratasys
SSYS
$759M
| $16.3M | ﹤0.01% |
757,369
-158,967
| -17% | -$3.45M |
|
1593
PagerDuty
PD
$851M
| $16.3M | ﹤0.01% |
392,473
-53,253
| -12% | -$2.26M |
|
|
OCDX
1594
DELISTED
Ortho Clinical Diagnostics Holdings plc Ordinary Shares
OCDX
| $16.2M | ﹤0.01% |
875,233
+309,760
| +55% | +$6.24M |
|
1595
Worthington Enterprises
WOR
$2.87B
| $16.2M | ﹤0.01% |
497,737
-42,655
| -8% | -$1.54M |
|
1596
Cheesecake Factory
CAKE
$5.28B
| $16.1M | ﹤0.01% |
343,304
-43,538
| -11% | -$2.04M |
|
1597
JetBlue
JBLU
$2.48B
| $16.1M | ﹤0.01% |
1,054,829
-64,474
| -6% | -$989K |
|
1598
Kaiser Aluminum
KALU
$2.84B
| $16M | ﹤0.01% |
147,129
-19,943
| -12% | -$2.38M |
|
1599
Cosan
CSAN
$3.11B
| $16M | ﹤0.01% |
953,354
-108,749
| -10% | -$2M |
|
1600
Oceaneering
OII
$5.01B
| $16M | ﹤0.01% |
1,197,508
+177,400
| +17% | +$2.31M |
|
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.