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 | |
|---|---|---|---|---|---|---|
1651
Oxford Industries
OXM
$568M
| $14.1M | ﹤0.01% |
156,511
+11,800
| +8% | +$1.07M |
|
1652
Credicorp
BAP
$31.4B
| $14.1M | ﹤0.01% |
126,720
+84,518
| +200% | +$9.22M |
|
1653
Capitol Federal Financial
CFFN
$1.12B
| $13.9M | ﹤0.01% |
1,206,164
+109,700
| +10% | +$1.24M |
|
|
KAMN
1654
DELISTED
Kaman Corp
KAMN
| $13.7M | ﹤0.01% |
384,800
+120,262
| +45% | +$4.97M |
|
1655
Agios Pharmaceuticals
AGIO
$1.82B
| $13.6M | ﹤0.01% |
295,557
-96,034
| -25% | -$4.64M |
|
1656
NovaGold Resources
NG
$2.61B
| $13.6M | ﹤0.01% |
1,982,697
| – | – |
|
|
SPWR
1657
DELISTED
SunPower Corporation Common Stock
SPWR
| $13.6M | ﹤0.01% |
600,962
-58,505
| -9% | -$1.37M |
|
1658
Cimpress
CMPR
$2.4B
| $13.6M | ﹤0.01% |
156,425
-269
| -0.2% | -$26.4K |
|
|
CVET
1659
DELISTED
Covetrus, Inc. Common Stock
CVET
| $13.6M | ﹤0.01% |
747,236
-260,271
| -26% | -$5.97M |
|
1660
Full Truck Alliance
YMM
$10.1B
| $13.6M | ﹤0.01% |
884,070
-415,930
| -32% | -$6.12M |
|
1661
Standex International
SXI
$3.78B
| $13.5M | ﹤0.01% |
136,022
+21,293
| +19% | +$2.02M |
|
1662
Progyny
PGNY
$2.47B
| $13.4M | ﹤0.01% |
240,041
-305,077
| -56% | -$16.9M |
|
1663
Regenxbio
RGNX
$638M
| $13.4M | ﹤0.01% |
320,530
+6,967
| +2% | +$251K |
|
1664
Atara Biotherapeutics
ATRA
$77M
| $13.4M | ﹤0.01% |
30,025
-901
| -3% | -$323K |
|
1665
Grocery Outlet
GO
$964M
| $13.4M | ﹤0.01% |
621,868
+296,241
| +91% | +$8.52M |
|
1666
nCino
NCNO
$2.1B
| $13.4M | ﹤0.01% |
+188,514
| New | +$12.6M |
|
1667
Ormat Technologies
ORA
$6.02B
| $13.4M | ﹤0.01% |
200,897
-1,898
| -0.9% | -$131K |
|
1668
Ligand Pharmaceuticals
LGND
$5.85B
| $13.3M | ﹤0.01% |
153,551
+66,167
| +76% | +$5.12M |
|
|
GSKY
1669
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $13.3M | ﹤0.01% |
1,193,200
+880,600
| +282% | +$6.92M |
|
|
ITCI
1670
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $13.3M | ﹤0.01% |
357,588
-70,897
| -17% | -$2.46M |
|
1671
Huron Consulting
HURN
$2.39B
| $13.3M | ﹤0.01% |
255,198
-29,300
| -10% | -$1.43M |
|
1672
The Greenbrier Companies
GBX
$1.54B
| $13.3M | ﹤0.01% |
308,339
-35,000
| -10% | -$1.51M |
|
1673
Sphere Entertainment
SPHR
$5.29B
| $13.2M | ﹤0.01% |
182,092
+5,704
| +3% | +$428K |
|
|
KRA
1674
DELISTED
Kraton Corporation
KRA
| $13.2M | ﹤0.01% |
289,147
-48,475
| -14% | -$1.92M |
|
|
CUK
1675
DELISTED
Carnival PLC
CUK
| $13.2M | ﹤0.01% |
578,372
-3,076,913
| -84% | -$65.3M |
|
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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.