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 | |
|---|---|---|---|---|---|---|
1776
Fulgent Genetics
FLGT
$470M
| $9.68M | ﹤0.01% |
+107,605
| New | +$9.78M |
|
|
NP
1777
DELISTED
Neenah, Inc. Common Stock
NP
| $9.68M | ﹤0.01% |
207,580
-11,900
| -5% | -$580K |
|
1778
Cardlytics
CDLX
$21.7M
| $9.64M | ﹤0.01% |
11,488
-14,962
| -57% | -$15.2M |
|
|
TWKS
1779
DELISTED
Thoughtworks Holding, Inc. Common Stock
TWKS
| $9.62M | ﹤0.01% |
+334,947
| New | +$9.91M |
|
1780
Atmos Energy
ATO
$28.8B
| $9.6M | ﹤0.01% |
108,798
-155,140
| -59% | -$15M |
|
1781
DNOW Inc
DNOW
$2.58B
| $9.57M | ﹤0.01% |
1,251,601
-2,751
| -0.2% | -$22.5K |
|
1782
PBF Energy
PBF
$8.57B
| $9.56M | ﹤0.01% |
737,142
-164,758
| -18% | -$1.71M |
|
|
RPT
1783
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $9.53M | ﹤0.01% |
746,644
| – | – |
|
1784
Cal-Maine
CALM
$4.12B
| $9.51M | ﹤0.01% |
263,047
-40,643
| -13% | -$1.45M |
|
1785
iHeartMedia
IHRT
$543M
| $9.51M | ﹤0.01% |
380,000
+199,179
| +110% | +$4.91M |
|
|
ECOL
1786
DELISTED
US Ecology, Inc.
ECOL
| $9.46M | ﹤0.01% |
292,335
-6,751
| -2% | -$243K |
|
|
MAXR
1787
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $9.44M | ﹤0.01% |
+333,196
| New | +$10.7M |
|
|
DMC
1788
Del Monte Corp
DMC
$1.41B
| $9.43M | ﹤0.01% |
292,792
| – | – |
|
|
GBT
1789
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $9.37M | ﹤0.01% |
367,778
| – | – |
|
|
RXDX
1790
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $9.29M | ﹤0.01% |
391,952
| – | – |
|
|
POLY
1791
DELISTED
Plantronics, Inc.
POLY
| $9.24M | ﹤0.01% |
359,468
-119,648
| -25% | -$3.76M |
|
1792
Scholastic
SCHL
$767M
| $9.17M | ﹤0.01% |
257,344
-7,433
| -3% | -$254K |
|
1793
S&T Bancorp
STBA
$1.84B
| $9.15M | ﹤0.01% |
310,645
| – | – |
|
1794
City Holding Co
CHCO
$2.05B
| $9.14M | ﹤0.01% |
117,311
| – | – |
|
1795
Varex Imaging
VREX
$472M
| $9.14M | ﹤0.01% |
323,991
| – | – |
|
1796
Vroom Inc
VRM
$39M
| $9.13M | ﹤0.01% |
5,172
| – | – |
|
1797
Apogee Enterprises
APOG
$826M
| $9.12M | ﹤0.01% |
241,559
-31,671
| -12% | -$1.27M |
|
1798
Gossamer Bio
GOSS
$82.9M
| $9.11M | ﹤0.01% |
724,800
| – | – |
|
|
1799
JD.com
JD
$44.6B
| $9.08M | ﹤0.01% |
125,752
-7,302,237
| -98% | -$538M |
|
|
LENZ
1800
LENZ Therapeutics
LENZ
$166M
| $9.08M | ﹤0.01% |
79,167
-20,833
| -21% | -$3.09M |
|
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.