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 | |
|---|---|---|---|---|---|---|
1801
Green Plains
GPRE
$1.18B
| $9.01M | ﹤0.01% |
275,900
+164,700
| +148% | +$5.65M |
|
|
DCH
1802
Dauch Corp
DCH
$1.34B
| $9M | ﹤0.01% |
1,021,683
-102,524
| -9% | -$940K |
|
1803
SentinelOne
S
$6.53B
| $8.91M | ﹤0.01% |
166,306
-1,068,694
| -87% | -$58.7M |
|
1804
Heartland Express
HTLD
$948M
| $8.87M | ﹤0.01% |
553,653
-79,500
| -13% | -$1.33M |
|
|
INN
1805
Summit Hotel Properties
INN
$746M
| $8.74M | ﹤0.01% |
907,788
-122,404
| -12% | -$1.12M |
|
1806
MP Materials
MP
$7.36B
| $8.72M | ﹤0.01% |
+270,563
| New | +$9.41M |
|
1807
La-Z-Boy
LZB
$1.58B
| $8.71M | ﹤0.01% |
270,386
-60,100
| -18% | -$2.07M |
|
1808
Heron Therapeutics
HRTX
$93.9M
| $8.65M | ﹤0.01% |
808,865
+209,000
| +35% | +$2.54M |
|
1809
Stock Yards Bancorp
SYBT
$2.64B
| $8.63M | ﹤0.01% |
147,221
+9,544
| +7% | +$488K |
|
1810
Onto Innovation
ONTO
$12.9B
| $8.63M | ﹤0.01% |
+119,492
| New | +$8.62M |
|
|
ACH
1811
Accendra Health
ACH
$237M
| $8.62M | ﹤0.01% |
+275,433
| New | +$10.8M |
|
|
MCFE
1812
DELISTED
McAfee Corp. Class A Common Stock
MCFE
| $8.54M | ﹤0.01% |
+386,258
| New | +$9.98M |
|
1813
Reynolds Consumer Products
REYN
$5.26B
| $8.51M | ﹤0.01% |
311,178
-76,445
| -20% | -$2.19M |
|
1814
Grupo Cibest SA
CIB
$22B
| $8.48M | ﹤0.01% |
245,000
| – | – |
|
1815
NETGEAR
NTGR
$648M
| $8.46M | ﹤0.01% |
265,149
-24,686
| -9% | -$856K |
|
|
WW
1816
DELISTED
WW International
WW
| $8.44M | ﹤0.01% |
462,559
| – | – |
|
|
DVAX
1817
DELISTED
Dynavax Technologies
DVAX
| $8.42M | ﹤0.01% |
+438,300
| New | +$5.82M |
|
1818
SFL Corp
SFL
$1.64B
| $8.38M | ﹤0.01% |
1,000,051
+30,588
| +3% | +$231K |
|
1819
Atlanta Braves Holdings Series B
BATRK
$3.26B
| $8.31M | ﹤0.01% |
314,716
| – | – |
|
|
PRO
1820
DELISTED
PROS Holdings
PRO
| $8.26M | ﹤0.01% |
232,758
+75,444
| +48% | +$3.17M |
|
|
BRSP
1821
BrightSpire Capital
BRSP
$634M
| $8.22M | ﹤0.01% |
875,605
-112,291
| -11% | -$1.09M |
|
1822
Madrigal Pharmaceuticals
MDGL
$10.8B
| $8.06M | ﹤0.01% |
101,006
+27,347
| +37% | +$2.36M |
|
1823
Calix
CALX
$2.26B
| $8.05M | ﹤0.01% |
+162,891
| New | +$7.51M |
|
|
ENDP
1824
DELISTED
Endo International plc
ENDP
| $8.02M | ﹤0.01% |
2,474,894
-268,704
| -10% | -$949K |
|
|
AAN
1825
DELISTED
The Aaron's Company Inc
AAN
| $7.96M | ﹤0.01% |
289,038
-50,166
| -15% | -$1.41M |
|
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.