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 | |
|---|---|---|---|---|---|---|
|
ALX
1926
Alexander's
ALX
$1.34B
| $5.1M | ﹤0.01% |
19,569
-2,822
| -13% | -$755K |
|
|
DOYU
1927
DouYu International Holdings
DOYU
$142M
| $5.06M | ﹤0.01% |
153,927
| – | – |
|
1928
Stagwell
STGW
$2.13B
| $5.04M | ﹤0.01% |
+657,000
| New | +$4.38M |
|
1929
Edgewise Therapeutics
EWTX
$4.13B
| $5.01M | ﹤0.01% |
301,691
| – | – |
|
1930
National Beverage
FIZZ
$2.95B
| $4.98M | ﹤0.01% |
94,814
-29,344
| -24% | -$1.37M |
|
1931
Cactus
WHD
$5.12B
| $4.96M | ﹤0.01% |
131,625
-20,000
| -13% | -$722K |
|
1932
Liberty Latin America Class A
LILA
$1.69B
| $4.93M | ﹤0.01% |
555,303
| – | – |
|
|
GNOG
1933
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $4.85M | ﹤0.01% |
+279,100
| New | +$4.68M |
|
1934
Haverty Furniture Companies
HVT
$416M
| $4.82M | ﹤0.01% |
+143,000
| New | +$5.32M |
|
1935
Parsons
PSN
$5.09B
| $4.79M | ﹤0.01% |
141,929
-233,716
| -62% | -$8.53M |
|
1936
Organogenesis Holdings
ORGO
$301M
| $4.76M | ﹤0.01% |
334,600
-116,900
| -26% | -$1.82M |
|
1937
N-able
NABL
$953M
| $4.76M | ﹤0.01% |
+383,477
| New | +$5.26M |
|
|
BRFS
1938
DELISTED
BRF SA
BRFS
| $4.74M | ﹤0.01% |
943,370
| – | – |
|
1939
TFS Financial
TFSL
$5.17B
| $4.71M | ﹤0.01% |
246,884
-9,533
| -4% | -$186K |
|
|
AD
1940
Array Digital Infrastructure
AD
$3.03B
| $4.68M | ﹤0.01% |
146,692
-20,491
| -12% | -$682K |
|
1941
Tower Semiconductor
TSEM
$26.5B
| $4.67M | ﹤0.01% |
155,158
| – | – |
|
|
BFS
1942
Saul Centers
BFS
$842M
| $4.65M | ﹤0.01% |
105,566
-28,339
| -21% | -$1.28M |
|
1943
Surgery Partners
SGRY
$2.1B
| $4.63M | ﹤0.01% |
+109,240
| New | +$5.57M |
|
1944
Flywire
FLYW
$2.05B
| $4.62M | ﹤0.01% |
105,430
-144,106
| -58% | -$5.62M |
|
1945
ATN International
ATNI
$379M
| $4.6M | ﹤0.01% |
98,263
| – | – |
|
|
FINV
1946
FinVolution Group
FINV
$1.17B
| $4.6M | ﹤0.01% |
+816,352
| New | +$5.38M |
|
1947
CareDx
CDNA
$2.48B
| $4.59M | ﹤0.01% |
72,454
-143,323
| -66% | -$10.9M |
|
|
SI
1948
DELISTED
Silvergate Capital Corporation
SI
| $4.47M | ﹤0.01% |
+38,744
| New | +$4.15M |
|
1949
Columbus McKinnon
CMCO
$580M
| $4.45M | ﹤0.01% |
+92,000
| New | +$4.16M |
|
1950
Republic Bancorp
RBCAA
$1.95B
| $4.37M | ﹤0.01% |
86,303
| – | – |
|
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.