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 | |
|---|---|---|---|---|---|---|
|
FARO
1726
DELISTED
Faro Technologies
FARO
| $12.4M | ﹤0.01% |
143,624
-81,002
| -36% | -$6.71M |
|
|
ECHO
1727
EchoStar
ECHO
$26.6B
| $12.4M | ﹤0.01% |
517,660
-171,021
| -25% | -$4.09M |
|
1728
Delek US
DK
$4.06B
| $12.4M | ﹤0.01% |
569,721
-194,979
| -25% | -$4.26M |
|
1729
Phathom Pharmaceuticals
PHAT
$684M
| $12.4M | ﹤0.01% |
329,343
| – | – |
|
1730
Sturm, Ruger & Co
RGR
$625M
| $12.4M | ﹤0.01% |
187,009
-45,530
| -20% | -$3.14M |
|
|
BLUE
1731
DELISTED
bluebird bio
BLUE
| $12.2M | ﹤0.01% |
31,313
-25,828
| -45% | -$12.7M |
|
|
HOLI
1732
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $12M | ﹤0.01% |
956,787
| – | – |
|
1733
Workhorse Group
WKHS
$37.1M
| $12M | ﹤0.01% |
+290
| New | +$20.8M |
|
|
NOAH
1734
Noah Holdings
NOAH
$577M
| $11.9M | ﹤0.01% |
268,932
| – | – |
|
|
BRKL
1735
DELISTED
Brookline Bancorp
BRKL
| $11.9M | ﹤0.01% |
794,216
| – | – |
|
1736
City Holding Co
CHCO
$2.06B
| $11.9M | ﹤0.01% |
145,163
-12,627
| -8% | -$961K |
|
1737
BancFirst
BANF
$3.85B
| $11.9M | ﹤0.01% |
167,686
-67,957
| -29% | -$4.5M |
|
1738
Atara Biotherapeutics
ATRA
$79M
| $11.8M | ﹤0.01% |
32,974
-21,315
| -39% | -$9.42M |
|
|
DCH
1739
Dauch Corp
DCH
$1.42B
| $11.8M | ﹤0.01% |
1,224,809
-296,888
| -20% | -$2.94M |
|
1740
E.W. Scripps
SSP
$261M
| $11.8M | ﹤0.01% |
613,367
+78,964
| +15% | +$1.45M |
|
|
DOYU
1741
DouYu International Holdings
DOYU
$143M
| $11.8M | ﹤0.01% |
113,487
| – | – |
|
|
OCDX
1742
DELISTED
Ortho Clinical Diagnostics Holdings plc Ordinary Shares
OCDX
| $11.8M | ﹤0.01% |
+610,996
| New | +$10.8M |
|
1743
Benchmark Electronics
BHE
$3.07B
| $11.8M | ﹤0.01% |
381,230
-296,317
| -44% | -$8.49M |
|
|
DHC
1744
Diversified Healthcare Trust
DHC
$2.13B
| $11.8M | ﹤0.01% |
2,464,060
-707,249
| -22% | -$3.26M |
|
1745
Axsome Therapeutics
AXSM
$10.9B
| $11.8M | ﹤0.01% |
207,922
-66,987
| -24% | -$4.71M |
|
|
STMP
1746
DELISTED
Stamps.com, Inc.
STMP
| $11.7M | ﹤0.01% |
58,728
-141,764
| -71% | -$30.2M |
|
1747
Safety Insurance
SAFT
$1.52B
| $11.7M | ﹤0.01% |
138,996
-119,748
| -46% | -$9.63M |
|
|
BIG
1748
DELISTED
Big Lots, Inc.
BIG
| $11.6M | ﹤0.01% |
170,498
-76,687
| -31% | -$4.58M |
|
1749
Inovio Pharmaceuticals
INO
$68.5M
| $11.6M | ﹤0.01% |
104,562
-21,877
| -17% | -$2.88M |
|
1750
Huron Consulting
HURN
$2.43B
| $11.6M | ﹤0.01% |
230,860
-159,260
| -41% | -$8.77M |
|
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.