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 | |
|---|---|---|---|---|---|---|
1951
Phreesia
PHR
$698M
| $4.32M | ﹤0.01% |
70,044
-31,856
| -31% | -$2.13M |
|
|
RDUS
1952
DELISTED
Radius Health, Inc.
RDUS
| $4.28M | ﹤0.01% |
344,577
| – | – |
|
1953
AudioCodes
AUDC
$249M
| $4.23M | ﹤0.01% |
129,679
-117,328
| -47% | -$3.81M |
|
1954
GrowGeneration
GRWG
$88.3M
| $4.19M | ﹤0.01% |
+170,023
| New | +$6.01M |
|
|
BIG
1955
DELISTED
Big Lots, Inc.
BIG
| $4.19M | ﹤0.01% |
96,605
-77,296
| -44% | -$4.21M |
|
1956
Alpha Metallurgical Resources
AMR
$1.76B
| $4.07M | ﹤0.01% |
+81,800
| New | +$2.94M |
|
1957
Amneal Pharmaceuticals
AMRX
$6.02B
| $4.07M | ﹤0.01% |
761,253
| – | – |
|
|
GTH
1958
DELISTED
Genetron Holdings Limited ADS
GTH
| $4.04M | ﹤0.01% |
+97,240
| New | +$4.48M |
|
|
MCHB
1959
Mechanics Bancorp
MCHB
$3.77B
| $3.96M | ﹤0.01% |
+96,100
| New | +$3.76M |
|
1960
Dole
DOLE
$1.36B
| $3.87M | ﹤0.01% |
+228,211
| New | +$3.52M |
|
|
TARO
1961
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $3.87M | ﹤0.01% |
60,790
| – | – |
|
1962
Weis Markets
WMK
$1.94B
| $3.86M | ﹤0.01% |
73,525
+8,100
| +12% | +$439K |
|
|
ACBI
1963
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $3.85M | ﹤0.01% |
+145,148
| New | +$3.54M |
|
1964
Atea Pharmaceuticals
AVIR
$369M
| $3.83M | ﹤0.01% |
109,095
-537,267
| -83% | -$14.9M |
|
|
EPZM
1965
DELISTED
Epizyme, Inc
EPZM
| $3.82M | ﹤0.01% |
746,378
| – | – |
|
1966
The Honest Company
HNST
$404M
| $3.8M | ﹤0.01% |
365,854
-74,694
| -17% | -$912K |
|
1967
Stride
LRN
$3.41B
| $3.77M | ﹤0.01% |
104,900
+37,200
| +55% | +$1.22M |
|
1968
CVR Energy
CVI
$3.31B
| $3.71M | ﹤0.01% |
222,641
-81,445
| -27% | -$1.15M |
|
1969
Lemonade
LMND
$4.1B
| $3.69M | ﹤0.01% |
55,079
-121,599
| -69% | -$9.8M |
|
1970
Allegro MicroSystems
ALGM
$7.74B
| $3.66M | ﹤0.01% |
114,534
-72,823
| -39% | -$2.15M |
|
1971
Zentalis Pharmaceuticals
ZNTL
$331M
| $3.58M | ﹤0.01% |
53,783
+13,877
| +35% | +$801K |
|
1972
Gaotu Techedu
GOTU
$458M
| $3.57M | ﹤0.01% |
1,163,669
+346,020
| +42% | +$1.75M |
|
1973
Philips
PHG
$25.6B
| $3.54M | ﹤0.01% |
96,558
-48,717
| -34% | -$1.85M |
|
|
ZH
1974
Zhihu
ZH
$284M
| $3.54M | ﹤0.01% |
63,898
-27,398
| -30% | -$1.65M |
|
1975
Microvision
MVIS
$89.9M
| $3.45M | ﹤0.01% |
+20,818
| New | +$4.34M |
|
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.