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 | |
|---|---|---|---|---|---|---|
|
KNL
1851
DELISTED
Knoll, Inc.
KNL
| $7.54M | ﹤0.01% |
456,380
-293,047
| -39% | -$4.8M |
|
1852
Sportsman's Warehouse
SPWH
$44.9M
| $7.52M | ﹤0.01% |
+436,138
| New | +$7.59M |
|
1853
Acco Brands
ACCO
$408M
| $7.5M | ﹤0.01% |
889,277
-374,134
| -30% | -$3.22M |
|
|
CBB
1854
DELISTED
Cincinnati Bell Inc.
CBB
| $7.45M | ﹤0.01% |
485,628
+243,028
| +100% | +$3.72M |
|
1855
Parsons
PSN
$5.2B
| $7.39M | ﹤0.01% |
182,743
-209,112
| -53% | -$7.91M |
|
|
INVX
1856
Innovex International
INVX
$2.27B
| $7.33M | ﹤0.01% |
220,624
-149,884
| -40% | -$5.14M |
|
|
VZIO
1857
DELISTED
VIZIO Holding Corp.
VZIO
| $7.28M | ﹤0.01% |
+300,000
| New | +$6.64M |
|
1858
Orthofix Medical
OFIX
$492M
| $7.26M | ﹤0.01% |
167,582
-115,225
| -41% | -$5.08M |
|
1859
National Beverage
FIZZ
$2.96B
| $7.18M | ﹤0.01% |
146,796
-87,052
| -37% | -$4.53M |
|
1860
Weis Markets
WMK
$1.95B
| $7.17M | ﹤0.01% |
126,786
-58,460
| -32% | -$3.13M |
|
|
RXDX
1861
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $7.16M | ﹤0.01% |
+391,952
| New | +$8.09M |
|
|
DMC
1862
Del Monte Corp
DMC
$1.4B
| $7.15M | ﹤0.01% |
249,858
-80,155
| -24% | -$2.14M |
|
1863
Kelly Services Class A
KELYA
$520M
| $7.14M | ﹤0.01% |
320,769
-343,776
| -52% | -$7.31M |
|
1864
Relay Therapeutics
RLAY
$4.27B
| $7.13M | ﹤0.01% |
206,396
-2,689
| -1% | -$117K |
|
1865
Choice Hotels
CHH
$5.02B
| $7.13M | ﹤0.01% |
66,497
-288,995
| -81% | -$30.8M |
|
1866
Gossamer Bio
GOSS
$85.6M
| $6.7M | ﹤0.01% |
724,800
-181,200
| -20% | -$1.83M |
|
|
SOHU
1867
Sohu.com
SOHU
$365M
| $6.66M | ﹤0.01% |
423,395
-53,879
| -11% | -$965K |
|
|
THS
1868
DELISTED
Treehouse Foods
THS
| $6.6M | ﹤0.01% |
126,389
-198,429
| -61% | -$9.39M |
|
1869
Donnelley Financial Solutions
DFIN
$1.2B
| $6.6M | ﹤0.01% |
237,006
-96,342
| -29% | -$2.23M |
|
1870
MeiraGTx Holdings
MGTX
$1.13B
| $6.57M | ﹤0.01% |
455,319
| – | – |
|
1871
Scansource
SCSC
$1.2B
| $6.56M | ﹤0.01% |
219,111
-125,523
| -36% | -$3.64M |
|
1872
Shift4
FOUR
$4.29B
| $6.54M | ﹤0.01% |
79,770
-12,307
| -13% | -$958K |
|
1873
Cricut
CRCT
$1.03B
| $6.53M | ﹤0.01% |
+330,000
| New | +$6.1M |
|
1874
Allegiant Air
ALGT
$2.9B
| $6.52M | ﹤0.01% |
26,701
-17,618
| -40% | -$3.91M |
|
1875
AudioCodes
AUDC
$267M
| $6.47M | ﹤0.01% |
239,419
-44,100
| -16% | -$1.31M |
|
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.