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 | |
|---|---|---|---|---|---|---|
1701
Jack Henry & Associates
JKHY
$11.2B
| $12.3M | ﹤0.01% |
75,184
-18,943
| -20% | -$3.26M |
|
1702
Astec Industries
ASTE
$1.02B
| $12.3M | ﹤0.01% |
228,020
+38,156
| +20% | +$2.25M |
|
|
VSTO
1703
DELISTED
Vista Outdoor Inc.
VSTO
| $12.3M | ﹤0.01% |
+304,020
| New | +$12.5M |
|
1704
Northwest Natural Holdings
NWN
$2.14B
| $12.2M | ﹤0.01% |
266,191
+6,648
| +3% | +$340K |
|
|
MDRX
1705
DELISTED
Veradigm Inc. Common Stock
MDRX
| $12.2M | ﹤0.01% |
911,046
-250,820
| -22% | -$4.05M |
|
1706
G-III Apparel Group
GIII
$1.51B
| $12.2M | ﹤0.01% |
429,866
-54,397
| -11% | -$1.64M |
|
1707
Champion Homes
SKY
$4.97B
| $12.1M | ﹤0.01% |
+201,244
| New | +$11.9M |
|
1708
Matsons
MATX
$6.17B
| $12M | ﹤0.01% |
148,995
+10,874
| +8% | +$804K |
|
|
BBBY
1709
Bed Bath & Beyond
BBBY
$429M
| $11.9M | ﹤0.01% |
+168,357
| New | +$11.7M |
|
1710
Sony
SONY
$136B
| $11.9M | ﹤0.01% |
538,250
| – | – |
|
|
OPI
1711
DELISTED
Office Properties Income Trust
OPI
| $11.8M | ﹤0.01% |
464,786
| – | – |
|
|
ECHO
1712
EchoStar
ECHO
$25.3B
| $11.8M | ﹤0.01% |
461,138
+22,070
| +5% | +$544K |
|
1713
Supernus Pharmaceuticals
SUPN
$2.72B
| $11.8M | ﹤0.01% |
440,650
+26,887
| +6% | +$722K |
|
|
CVGW
1714
DELISTED
Calavo Growers
CVGW
| $11.7M | ﹤0.01% |
304,878
+39,972
| +15% | +$2M |
|
1715
Lindsay Corp
LNN
$1.17B
| $11.7M | ﹤0.01% |
76,773
+20,010
| +35% | +$3.23M |
|
1716
Dyne Therapeutics
DYN
$4.83B
| $11.6M | ﹤0.01% |
717,100
+117,100
| +20% | +$2.08M |
|
1717
NBT Bancorp
NBTB
$2.75B
| $11.5M | ﹤0.01% |
319,406
| – | – |
|
|
CWAN
1718
DELISTED
Clearwater Analytics
CWAN
| $11.5M | ﹤0.01% |
+450,000
| New | +$11.5M |
|
1719
Cognyte Software
CGNT
$667M
| $11.5M | ﹤0.01% |
559,933
+9,140
| +2% | +$234K |
|
1720
Recursion Pharmaceuticals
RXRX
$1.7B
| $11.5M | ﹤0.01% |
500,000
| – | – |
|
1721
Westamerica Bancorp
WABC
$1.38B
| $11.5M | ﹤0.01% |
204,066
-7,286
| -3% | -$409K |
|
1722
BioCryst Pharmaceuticals
BCRX
$2.38B
| $11.4M | ﹤0.01% |
796,674
+625,323
| +365% | +$9.86M |
|
1723
Marcus & Millichap
MMI
$1.2B
| $11.4M | ﹤0.01% |
280,803
+13,822
| +5% | +$536K |
|
|
NXGN
1724
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $11.4M | ﹤0.01% |
805,268
+6,205
| +0.8% | +$96.5K |
|
1725
Schneider National
SNDR
$6.17B
| $11.3M | ﹤0.01% |
495,652
+13,822
| +3% | +$305K |
|
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.