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 | |
|---|---|---|---|---|---|---|
1751
Brookdale Senior Living
BKD
$3.43B
| $10.4M | ﹤0.01% |
1,647,938
-58,563
| -3% | -$418K |
|
|
ESMT
1752
DELISTED
EngageSmart, Inc.
ESMT
| $10.3M | ﹤0.01% |
+303,868
| New | +$10.4M |
|
1753
TTM Technologies
TTMI
$12.6B
| $10.3M | ﹤0.01% |
820,804
-394,979
| -32% | -$5.43M |
|
1754
Celestica
CLS
$39.3B
| $10.3M | ﹤0.01% |
1,162,868
| – | – |
|
1755
IMAX
IMAX
$2.8B
| $10.3M | ﹤0.01% |
541,984
+74,686
| +16% | +$1.24M |
|
1756
ACM Research
ACMR
$5.43B
| $10.3M | ﹤0.01% |
+280,200
| New | +$8.57M |
|
1757
MeiraGTx Holdings
MGTX
$1.1B
| $10.3M | ﹤0.01% |
779,286
| – | – |
|
|
AMRS
1758
DELISTED
Amyris Inc.
AMRS
| $10.2M | ﹤0.01% |
743,977
+663,977
| +830% | +$9.51M |
|
1759
AAR Corp
AIR
$5.71B
| $10.2M | ﹤0.01% |
314,865
-77,890
| -20% | -$2.68M |
|
1760
Benchmark Electronics
BHE
$2.91B
| $10.2M | ﹤0.01% |
381,791
-18,699
| -5% | -$496K |
|
1761
Factset
FDS
$9.59B
| $10.1M | ﹤0.01% |
25,624
-23,101
| -47% | -$8.4M |
|
|
BLUE
1762
DELISTED
bluebird bio
BLUE
| $10.1M | ﹤0.01% |
40,650
+2,019
| +5% | +$577K |
|
1763
Inovio Pharmaceuticals
INO
$57.3M
| $10M | ﹤0.01% |
116,900
+12,338
| +12% | +$1.24M |
|
1764
ADT
ADT
$5.76B
| $10M | ﹤0.01% |
1,239,721
+779,280
| +169% | +$7.18M |
|
|
NOAH
1765
Noah Holdings
NOAH
$584M
| $9.98M | ﹤0.01% |
268,932
| – | – |
|
1766
CTS Corp
CTS
$1.86B
| $9.97M | ﹤0.01% |
322,682
| – | – |
|
|
ATCO
1767
DELISTED
Atlas Corp.
ATCO
| $9.96M | ﹤0.01% |
655,829
-164,293
| -20% | -$2.35M |
|
1768
Shift4
FOUR
$4.31B
| $9.96M | ﹤0.01% |
128,446
+70,000
| +120% | +$6.04M |
|
|
FIRY
1769
Firy Inc
FIRY
$144M
| $9.94M | ﹤0.01% |
+50,627
| New | +$13.1M |
|
1770
BancFirst
BANF
$3.83B
| $9.94M | ﹤0.01% |
165,338
| – | – |
|
1771
Rocket Pharmaceuticals
RCKT
$372M
| $9.91M | ﹤0.01% |
331,679
-9,633
| -3% | -$351K |
|
1772
Safety Insurance
SAFT
$1.51B
| $9.9M | ﹤0.01% |
124,904
-21,200
| -15% | -$1.67M |
|
|
DADA
1773
DELISTED
Dada Nexus
DADA
| $9.84M | ﹤0.01% |
491,076
| – | – |
|
|
AIV
1774
Aimco
AIV
$387M
| $9.77M | ﹤0.01% |
1,426,526
-54,178
| -4% | -$373K |
|
1775
Coeur Mining
CDE
$16B
| $9.76M | ﹤0.01% |
1,581,175
+791,900
| +100% | +$5.63M |
|
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.