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 | |
|---|---|---|---|---|---|---|
1726
Scholar Rock
SRRK
$5.49B
| $11.3M | ﹤0.01% |
341,182
| – | – |
|
1727
Matthews International
MATW
$876M
| $11.2M | ﹤0.01% |
323,169
| – | – |
|
1728
Opko Health
OPK
$978M
| $11.2M | ﹤0.01% |
3,060,935
-139,462
| -4% | -$519K |
|
1729
Revolution Medicines
RVMD
$38.8B
| $11.2M | ﹤0.01% |
405,966
+319,400
| +369% | +$9.3M |
|
1730
Driven Brands
DRVN
$2.4B
| $11.2M | ﹤0.01% |
386,462
+316,346
| +451% | +$9.38M |
|
|
HEES
1731
DELISTED
H&E Equipment Services
HEES
| $11.1M | ﹤0.01% |
320,866
-167,765
| -34% | -$5.56M |
|
|
GCP
1732
DELISTED
GCP Applied Technologies Inc.
GCP
| $11.1M | ﹤0.01% |
507,823
+72,600
| +17% | +$1.68M |
|
1733
Pediatrix Medical
MD
$2.16B
| $11.1M | ﹤0.01% |
389,790
-241,937
| -38% | -$7.37M |
|
1734
Silgan Holdings
SLGN
$4.37B
| $11.1M | ﹤0.01% |
288,672
-533,449
| -65% | -$21.7M |
|
|
AMWD
1735
DELISTED
American Woodmark
AMWD
| $11.1M | ﹤0.01% |
169,325
-9,571
| -5% | -$703K |
|
1736
IAMGOLD
IAG
$8.53B
| $11M | ﹤0.01% |
4,881,363
| – | – |
|
1737
Usana Health Sciences
USNA
$422M
| $11M | ﹤0.01% |
119,651
| – | – |
|
1738
Coupang
CPNG
$29.5B
| $11M | ﹤0.01% |
394,869
-715,764
| -64% | -$24.7M |
|
1739
Golar LNG
GLNG
$5B
| $11M | ﹤0.01% |
844,574
+7,196
| +0.9% | +$83.1K |
|
|
SCS
1740
DELISTED
Steelcase
SCS
| $10.9M | ﹤0.01% |
860,737
-316,746
| -27% | -$4.37M |
|
1741
Clearway Energy Class C
CWEN
$4.99B
| $10.9M | ﹤0.01% |
358,674
-123,949
| -26% | -$3.69M |
|
|
GTY
1742
Getty Realty Corp
GTY
$2.1B
| $10.7M | ﹤0.01% |
366,631
| – | – |
|
1743
MakeMyTrip
MMYT
$5.81B
| $10.7M | ﹤0.01% |
394,738
| – | – |
|
1744
E.W. Scripps
SSP
$258M
| $10.7M | ﹤0.01% |
592,597
| – | – |
|
1745
Yext
YEXT
$569M
| $10.6M | ﹤0.01% |
885,170
+69,000
| +8% | +$889K |
|
1746
Orion
OEC
$385M
| $10.6M | ﹤0.01% |
580,638
-87,269
| -13% | -$1.56M |
|
1747
Phathom Pharmaceuticals
PHAT
$726M
| $10.6M | ﹤0.01% |
329,343
| – | – |
|
1748
CNA Financial
CNA
$14.5B
| $10.6M | ﹤0.01% |
251,837
-51,252
| -17% | -$2.24M |
|
|
DCT
1749
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $10.5M | ﹤0.01% |
237,829
+23,068
| +11% | +$1.04M |
|
1750
Core Laboratories
CLB
$491M
| $10.5M | ﹤0.01% |
376,936
+320,334
| +566% | +$9.75M |
|
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.