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 | |
|---|---|---|---|---|---|---|
1876
PagSeguro Digital
PAGS
$2.68B
| $6.54M | ﹤0.01% |
126,470
-64,864
| -34% | -$3.64M |
|
|
ACCD
1877
DELISTED
Accolade Inc
ACCD
| $6.49M | ﹤0.01% |
153,820
+87,705
| +133% | +$4.12M |
|
1878
Gates Industrial Corporation Ltd.
GTES
$7.44B
| $6.47M | ﹤0.01% |
+397,830
| New | +$6.81M |
|
1879
SelectQuote
SLQT
$133M
| $6.47M | ﹤0.01% |
500,277
+402,128
| +410% | +$6.05M |
|
|
VCRA
1880
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $6.44M | ﹤0.01% |
140,659
+34,313
| +32% | +$1.53M |
|
|
RERE
1881
ATRenew
RERE
$944M
| $6.42M | ﹤0.01% |
640,000
-368,000
| -37% | -$4.16M |
|
|
SWI
1882
DELISTED
SolarWinds Corporation Common Stock
SWI
| $6.42M | ﹤0.01% |
383,477
-366,173
| -49% | -$6.77M |
|
1883
Primoris Services
PRIM
$4.77B
| $6.39M | ﹤0.01% |
260,938
-377,186
| -59% | -$10.1M |
|
1884
Innoviva
INVA
$1.53B
| $6.39M | ﹤0.01% |
382,261
-129,915
| -25% | -$1.94M |
|
1885
Riot Platforms
RIOT
$8.1B
| $6.36M | ﹤0.01% |
+247,506
| New | +$7.97M |
|
1886
Axsome Therapeutics
AXSM
$10.9B
| $6.34M | ﹤0.01% |
192,329
+130,106
| +209% | +$5.07M |
|
1887
Southern Copper
SCCO
$146B
| $6.34M | ﹤0.01% |
121,787
-48,218
| -28% | -$2.79M |
|
|
LKFT
1888
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.75B
| $6.31M | ﹤0.01% |
120,000
| – | – |
|
|
VNTR
1889
DELISTED
Venator Materials PLC
VNTR
| $6.3M | ﹤0.01% |
2,209,560
-290,440
| -12% | -$928K |
|
1890
Dillards
DDS
$9.57B
| $6.25M | ﹤0.01% |
+36,207
| New | +$6.89M |
|
1891
Enanta Pharmaceuticals
ENTA
$377M
| $6.25M | ﹤0.01% |
109,936
| – | – |
|
1892
WisdomTree
WT
$3.21B
| $6.24M | ﹤0.01% |
1,100,541
-544,795
| -33% | -$3.34M |
|
1893
AdaptHealth
AHCO
$1.47B
| $6.23M | ﹤0.01% |
267,387
+147,361
| +123% | +$3.56M |
|
1894
Allegiant Air
ALGT
$2.78B
| $6.18M | ﹤0.01% |
31,631
-88,454
| -74% | -$17M |
|
1895
Community Trust Bancorp
CTBI
$1.43B
| $6.14M | ﹤0.01% |
145,922
+19,600
| +16% | +$794K |
|
|
DRNA
1896
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $6.12M | ﹤0.01% |
+303,591
| New | +$8.38M |
|
|
CCXI
1897
DELISTED
ChemoCentryx, Inc.
CCXI
| $6.07M | ﹤0.01% |
354,914
-83,910
| -19% | -$1.31M |
|
1898
Forrester Research
FORR
$221M
| $6.04M | ﹤0.01% |
122,672
+28,500
| +30% | +$1.34M |
|
1899
1st Source
SRCE
$2.18B
| $6M | ﹤0.01% |
127,080
| – | – |
|
|
STER
1900
DELISTED
Sterling Check Corp. Common Stock
STER
| $5.97M | ﹤0.01% |
+229,800
| New | +$6.03M |
|
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.