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 | |
|---|---|---|---|---|---|---|
1976
Frontier Group Holdings
ULCC
$1.75B
| $3.44M | ﹤0.01% |
218,028
-74,913
| -26% | -$1.16M |
|
|
GTS
1977
DELISTED
Triple-S Management Corporation
GTS
| $3.44M | ﹤0.01% |
+97,200
| New | +$2.77M |
|
1978
US Physical Therapy
USPH
$1.19B
| $3.37M | ﹤0.01% |
+30,500
| New | +$3.48M |
|
|
DSKE
1979
DELISTED
Daseke, Inc. Common Stock
DSKE
| $3.37M | ﹤0.01% |
+365,600
| New | +$3.04M |
|
1980
Metallus
MTUS
$850M
| $3.35M | ﹤0.01% |
256,300
+178,800
| +231% | +$2.45M |
|
1981
CarParts.com
PRTS
$45.8M
| $3.35M | ﹤0.01% |
+21,470
| New | +$3.73M |
|
|
FRTA
1982
DELISTED
Forterra, Inc
FRTA
| $3.34M | ﹤0.01% |
141,900
-156,800
| -52% | -$3.69M |
|
|
OSG
1983
Octave Specialty Group
OSG
$256M
| $3.29M | ﹤0.01% |
+229,386
| New | +$3.28M |
|
|
CD
1984
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $3.28M | ﹤0.01% |
390,000
| – | – |
|
1985
AMERISAFE
AMSF
$564M
| $3.27M | ﹤0.01% |
58,200
+53,700
| +1,193% | +$3.06M |
|
1986
Clear Channel Outdoor Holdings
CCO
$1.24B
| $3.26M | ﹤0.01% |
1,201,900
+34,100
| +3% | +$85.1K |
|
1987
Genco Shipping & Trading
GNK
$1.15B
| $3.26M | ﹤0.01% |
161,800
-142,000
| -47% | -$2.63M |
|
1988
Standard Motor Products
SMP
$864M
| $3.23M | ﹤0.01% |
74,000
+65,900
| +814% | +$2.83M |
|
1989
Kymera Therapeutics
KYMR
$8.29B
| $3.18M | ﹤0.01% |
54,163
+15,781
| +41% | +$915K |
|
|
RUBY
1990
DELISTED
Rubius Therapeutics, Inc
RUBY
| $3.12M | ﹤0.01% |
174,519
| – | – |
|
|
HSII
1991
DELISTED
Heidrick & Struggles
HSII
| $3.05M | ﹤0.01% |
68,400
-49,810
| -42% | -$2.1M |
|
|
RUTH
1992
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $3.02M | ﹤0.01% |
145,900
+46,500
| +47% | +$954K |
|
1993
Kforce
KFRC
$1.04B
| $3.01M | ﹤0.01% |
50,500
-33,982
| -40% | -$2.05M |
|
|
TUYA
1994
Tuya Inc
TUYA
$1.06B
| $3M | ﹤0.01% |
330,471
+238,747
| +260% | +$3.67M |
|
|
CMRC
1995
Commerce.com Inc Series 1
CMRC
$265M
| $2.99M | ﹤0.01% |
+59,044
| New | +$3.6M |
|
1996
Design Therapeutics
DSGN
$795M
| $2.94M | ﹤0.01% |
200,000
| – | – |
|
1997
Teva Pharmaceuticals
TEVA
$40.2B
| $2.94M | ﹤0.01% |
301,313
-2,336,447
| -89% | -$21.9M |
|
1998
LeMaitre Vascular
LMAT
$2.37B
| $2.89M | ﹤0.01% |
54,400
-49,600
| -48% | -$2.79M |
|
|
TGI
1999
DELISTED
Triumph Group
TGI
| $2.86M | ﹤0.01% |
+153,600
| New | +$2.86M |
|
2000
Axcelis
ACLS
$4.02B
| $2.85M | ﹤0.01% |
60,516
-7,020
| -10% | -$305K |
|
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.