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 | |
|---|---|---|---|---|---|---|
1826
Kearny Financial
KRNY
$617M
| $8.37M | ﹤0.01% |
692,647
-32,908
| -5% | -$378K |
|
|
NP
1827
DELISTED
Neenah, Inc. Common Stock
NP
| $8.33M | ﹤0.01% |
162,064
-52,605
| -25% | -$2.92M |
|
1828
Varex Imaging
VREX
$518M
| $8.29M | ﹤0.01% |
404,520
-56,295
| -12% | -$1.21M |
|
1829
Tower Semiconductor
TSEM
$27.4B
| $8.27M | ﹤0.01% |
295,933
-399,019
| -57% | -$11.8M |
|
1830
Washington Trust Bancorp
WASH
$765M
| $8.22M | ﹤0.01% |
159,213
| – | – |
|
1831
Scholastic
SCHL
$807M
| $8.21M | ﹤0.01% |
272,752
-183,460
| -40% | -$5.16M |
|
1832
Innoviva
INVA
$1.53B
| $8.19M | ﹤0.01% |
685,721
-81,996
| -11% | -$991K |
|
1833
SiriusPoint
SPNT
$2.8B
| $8.18M | ﹤0.01% |
804,767
-466,881
| -37% | -$4.74M |
|
|
PRO
1834
DELISTED
PROS Holdings
PRO
| $8.18M | ﹤0.01% |
192,412
-511,370
| -73% | -$23.3M |
|
|
ZH
1835
Zhihu
ZH
$284M
| $8.11M | ﹤0.01% |
+166,667
| New | +$8.01M |
|
1836
WisdomTree
WT
$3.44B
| $8.1M | ﹤0.01% |
1,296,386
| – | – |
|
|
FFG
1837
DELISTED
FBL Financial Group
FFG
| $8.09M | ﹤0.01% |
144,694
-10,708
| -7% | -$605K |
|
1838
Standex International
SXI
$3.94B
| $8.08M | ﹤0.01% |
84,568
-49,557
| -37% | -$4.59M |
|
1839
Hayward Holdings
HAYW
$3.41B
| $8.06M | ﹤0.01% |
+477,806
| New | +$7.98M |
|
1840
BP
BP
$110B
| $7.98M | ﹤0.01% |
327,563
-338,945
| -51% | -$8.16M |
|
1841
Stock Yards Bancorp
SYBT
$2.66B
| $7.97M | ﹤0.01% |
156,163
-5,476
| -3% | -$263K |
|
|
EPZM
1842
DELISTED
Epizyme, Inc
EPZM
| $7.89M | ﹤0.01% |
905,565
-138,142
| -13% | -$1.43M |
|
1843
Grupo Cibest SA
CIB
$21.3B
| $7.84M | ﹤0.01% |
245,000
| – | – |
|
1844
Yeti Holdings
YETI
$3.91B
| $7.8M | ﹤0.01% |
108,088
-257,223
| -70% | -$18.3M |
|
1845
Matsons
MATX
$6.49B
| $7.78M | ﹤0.01% |
116,594
-80,441
| -41% | -$5.51M |
|
1846
Revolution Medicines
RVMD
$41B
| $7.74M | ﹤0.01% |
+168,734
| New | +$7.57M |
|
|
UHT
1847
Universal Health Realty Income Trust
UHT
$589M
| $7.73M | ﹤0.01% |
114,017
-49,368
| -30% | -$3.25M |
|
|
TBI
1848
Trueblue
TBI
$233M
| $7.68M | ﹤0.01% |
348,637
-142,357
| -29% | -$2.92M |
|
1849
TIM SA
TIMB
$8.75B
| $7.67M | ﹤0.01% |
675,476
+89,000
| +15% | +$1.09M |
|
1850
Afya
AFYA
$1.27B
| $7.62M | ﹤0.01% |
409,615
-104,258
| -20% | -$2.35M |
|
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.