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 | |
|---|---|---|---|---|---|---|
1601
Telephone and Data Systems
TDS
$4.09B
| $15.9M | ﹤0.01% |
815,452
-86,492
| -10% | -$1.8M |
|
|
GOOS
1602
Canada Goose Holdings
GOOS
$864M
| $15.9M | ﹤0.01% |
445,494
| – | – |
|
1603
Trinity Industries
TRN
$2.51B
| $15.9M | ﹤0.01% |
584,413
-170,402
| -23% | -$4.7M |
|
1604
Verra Mobility
VRRM
$851M
| $15.9M | ﹤0.01% |
1,053,473
-95,684
| -8% | -$1.46M |
|
1605
Iridium Communications
IRDM
$5.23B
| $15.9M | ﹤0.01% |
398,301
-247,030
| -38% | -$10.4M |
|
1606
Deluxe
DLX
$1.23B
| $15.9M | ﹤0.01% |
441,862
-6,974
| -2% | -$283K |
|
1607
Horace Mann Educators
HMN
$2.09B
| $15.8M | ﹤0.01% |
396,575
-103,338
| -21% | -$4.1M |
|
|
HTO
1608
H2O America
HTO
$2.57B
| $15.7M | ﹤0.01% |
238,219
-2,468
| -1% | -$167K |
|
1609
Relay Therapeutics
RLAY
$4.26B
| $15.7M | ﹤0.01% |
497,765
+267,135
| +116% | +$8.99M |
|
1610
Academy Sports + Outdoors
ASO
$3.02B
| $15.6M | ﹤0.01% |
389,777
+59,921
| +18% | +$2.39M |
|
|
TVTY
1611
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $15.6M | ﹤0.01% |
674,870
+280,459
| +71% | +$6.66M |
|
1612
Northwest Bancshares
NWBI
$2.35B
| $15.5M | ﹤0.01% |
1,170,504
-39,100
| -3% | -$514K |
|
1613
TTEC Holdings
TTEC
$133M
| $15.5M | ﹤0.01% |
165,366
-3,930
| -2% | -$401K |
|
1614
Eldorado Gold
EGO
$8.41B
| $15.4M | ﹤0.01% |
1,998,061
-27,392
| -1% | -$242K |
|
1615
Schrodinger
SDGR
$1.16B
| $15.4M | ﹤0.01% |
281,870
+69,366
| +33% | +$4.44M |
|
1616
Healthcare Services Group
HCSG
$1.6B
| $15.4M | ﹤0.01% |
616,744
-15,295
| -2% | -$414K |
|
1617
Materion
MTRN
$4.69B
| $15.4M | ﹤0.01% |
224,335
+10,800
| +5% | +$773K |
|
|
ANAT
1618
DELISTED
American National Group, Inc. Common Stock
ANAT
| $15.4M | ﹤0.01% |
81,217
+15,317
| +23% | +$2.72M |
|
|
SWAV
1619
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $15.3M | ﹤0.01% |
74,356
-20,725
| -22% | -$4.07M |
|
1620
Enviri
NVRI
$668M
| $15.3M | ﹤0.01% |
899,837
+215,500
| +31% | +$3.98M |
|
1621
Arcosa
ACA
$7.15B
| $15.2M | ﹤0.01% |
303,588
-104,644
| -26% | -$5.42M |
|
1622
Albertsons Companies
ACI
$5.77B
| $15.2M | ﹤0.01% |
+487,856
| New | +$12.8M |
|
1623
Dutch Bros
BROS
$8.87B
| $15.2M | ﹤0.01% |
+350,000
| New | +$16.6M |
|
|
KDMN
1624
DELISTED
Kadmon Holdings, Inc.
KDMN
| $15.1M | ﹤0.01% |
1,733,400
+1,043,600
| +151% | +$5.94M |
|
1625
AeroVironment
AVAV
$8.48B
| $15.1M | ﹤0.01% |
174,895
-10,000
| -5% | -$968K |
|
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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.