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 | |
|---|---|---|---|---|---|---|
|
GLUU
1751
DELISTED
Glu Mobile Inc.
GLUU
| $11.6M | ﹤0.01% |
+930,000
| New | +$10.4M |
|
|
INN
1752
Summit Hotel Properties
INN
$747M
| $11.6M | ﹤0.01% |
1,140,733
-214,188
| -16% | -$2.07M |
|
|
VNTR
1753
DELISTED
Venator Materials PLC
VNTR
| $11.6M | ﹤0.01% |
2,500,000
| – | – |
|
1754
Regenxbio
RGNX
$659M
| $11.6M | ﹤0.01% |
339,135
+4,278
| +1% | +$182K |
|
|
EB
1755
DELISTED
Eventbrite
EB
| $11.5M | ﹤0.01% |
+520,740
| New | +$10.5M |
|
|
LX
1756
LexinFintech Holdings
LX
$244M
| $11.5M | ﹤0.01% |
1,144,149
-205,973
| -15% | -$2.07M |
|
|
GES
1757
DELISTED
Guess Inc
GES
| $11.5M | ﹤0.01% |
489,311
-76,262
| -13% | -$1.88M |
|
1758
Bumble
BMBL
$417M
| $11.5M | ﹤0.01% |
+184,291
| New | +$12.4M |
|
1759
S&T Bancorp
STBA
$1.86B
| $11.5M | ﹤0.01% |
342,985
-145,930
| -30% | -$4.33M |
|
1760
Sony
SONY
$131B
| $11.4M | ﹤0.01% |
538,250
| – | – |
|
|
SAVE
1761
DELISTED
Spirit Airlines, Inc.
SAVE
| $11.4M | ﹤0.01% |
308,348
+69,201
| +29% | +$2.22M |
|
1762
Impinj
PI
$5.12B
| $11.3M | ﹤0.01% |
+199,500
| New | +$11.7M |
|
1763
Cal-Maine
CALM
$3.98B
| $11.3M | ﹤0.01% |
295,175
-110,340
| -27% | -$4.34M |
|
|
BBT
1764
Beacon Financial Corp
BBT
$2.71B
| $11.2M | ﹤0.01% |
502,356
-67,781
| -12% | -$1.38M |
|
|
CELL
1765
DELISTED
PhenomeX Inc. Common Stock
CELL
| $11.1M | ﹤0.01% |
220,509
+206,509
| +1,475% | +$14.1M |
|
1766
Repay Holdings
RPAY
$343M
| $11M | ﹤0.01% |
+470,100
| New | +$11.4M |
|
1767
IMAX
IMAX
$2.81B
| $11M | ﹤0.01% |
547,320
-364,682
| -40% | -$7.27M |
|
|
GCP
1768
DELISTED
GCP Applied Technologies Inc.
GCP
| $11M | ﹤0.01% |
448,063
-95,053
| -18% | -$2.41M |
|
|
NIU
1769
Niu Technologies
NIU
$196M
| $11M | ﹤0.01% |
+299,540
| New | +$12.1M |
|
|
ECOL
1770
DELISTED
US Ecology, Inc.
ECOL
| $11M | ﹤0.01% |
263,507
-69,173
| -21% | -$2.69M |
|
1771
Alignment Healthcare
ALHC
$2.8B
| $11M | ﹤0.01% |
+500,000
| New | +$9.77M |
|
1772
Radware
RDWR
$1.21B
| $10.9M | ﹤0.01% |
+418,244
| New | +$11.4M |
|
1773
Interparfums
IPAR
$4.12B
| $10.8M | ﹤0.01% |
152,625
-77,259
| -34% | -$5.24M |
|
|
ZGNX
1774
DELISTED
Zogenix, Inc.
ZGNX
| $10.8M | ﹤0.01% |
553,901
-442,426
| -44% | -$9.08M |
|
1775
uniQure
QURE
$3.03B
| $10.8M | ﹤0.01% |
319,131
-67,272
| -17% | -$2.41M |
|
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.