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 | |
|---|---|---|---|---|---|---|
|
HLTH
2026
DELISTED
Cue Health Inc. Common Stock
HLTH
| $2.36M | ﹤0.01% |
+200,000
| New | +$3.15M |
|
2027
Sportsman's Warehouse
SPWH
$45.7M
| $2.35M | ﹤0.01% |
133,700
-226,610
| -63% | -$4.02M |
|
2028
Vital Farms
VITL
$549M
| $2.34M | ﹤0.01% |
+133,300
| New | +$2.39M |
|
2029
Black Diamond Therapeutics
BDTX
$98.6M
| $2.32M | ﹤0.01% |
274,300
+194,300
| +243% | +$1.92M |
|
|
LDL
2030
DELISTED
Lydall, Inc.
LDL
| $2.32M | ﹤0.01% |
37,300
+29,486
| +377% | +$1.81M |
|
|
AERI
2031
DELISTED
Aerie Pharmaceuticals
AERI
| $2.3M | ﹤0.01% |
201,601
+148,981
| +283% | +$2.18M |
|
|
ZUO
2032
DELISTED
Zuora, Inc.
ZUO
| $2.3M | ﹤0.01% |
138,500
-200,100
| -59% | -$3.37M |
|
|
IGMS
2033
DELISTED
IGM Biosciences
IGMS
| $2.27M | ﹤0.01% |
34,463
+3,530
| +11% | +$270K |
|
2034
Seer Inc
SEER
$123M
| $2.26M | ﹤0.01% |
+65,460
| New | +$2.25M |
|
|
SOVO
2035
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $2.26M | ﹤0.01% |
+161,725
| New | +$2.18M |
|
2036
Tootsie Roll Industries
TR
$2.96B
| $2.21M | ﹤0.01% |
84,328
+59,689
| +242% | +$1.68M |
|
|
PLL
2037
DELISTED
Piedmont Lithium
PLL
| $2.2M | ﹤0.01% |
+40,374
| New | +$2.35M |
|
|
INST
2038
DELISTED
Instructure Holdings, Inc.
INST
| $2.17M | ﹤0.01% |
+95,850
| New | +$2.04M |
|
2039
Sportradar
SRAD
$3.63B
| $2.16M | ﹤0.01% |
+95,368
| New | +$2.43M |
|
2040
Zeta Global
ZETA
$5.66B
| $2.12M | ﹤0.01% |
361,222
-188,778
| -34% | -$1.2M |
|
2041
Gogo Inc
GOGO
$605M
| $2.1M | ﹤0.01% |
+121,500
| New | +$1.47M |
|
|
TEN
2042
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $2.09M | ﹤0.01% |
146,600
-16,000
| -10% | -$258K |
|
2043
Keros Therapeutics
KROS
$200M
| $2.08M | ﹤0.01% |
+52,700
| New | +$1.88M |
|
|
EVLO
2044
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
| $2.07M | ﹤0.01% |
14,712
| – | – |
|
|
EVRI
2045
DELISTED
Everi Holdings
EVRI
| $2.05M | ﹤0.01% |
+84,600
| New | +$1.93M |
|
2046
Warner Bros
WBD
$65.7B
| $2.02M | ﹤0.01% |
79,521
-6,171
| -7% | -$173K |
|
2047
Adecoagro
AGRO
$1.37B
| $2.01M | ﹤0.01% |
+222,600
| New | +$2.09M |
|
2048
James River Group Holdings
JRVR
$212M
| $2M | ﹤0.01% |
+52,900
| New | +$1.93M |
|
2049
EverQuote
EVER
$871M
| $1.99M | ﹤0.01% |
+106,900
| New | +$2.56M |
|
2050
XPEL
XPEL
$1.21B
| $1.99M | ﹤0.01% |
26,200
+22,800
| +671% | +$1.88M |
|
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.