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 |
Alphabet (Google) Class A
GOOGL
|
+$576M |
| 2 |
Ferguson
FERG
|
+$574M |
| 3 |
Stellantis
STLA
|
+$471M |
| 4 |
International Flavors & Fragrances
IFF
|
+$425M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$5.99B |
| 2 |
Apple
AAPL
|
+$1.07B |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$981M |
| 4 |
Tesla
TSLA
|
+$836M |
| 5 |
T-Mobile US
TMUS
|
+$723M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.86% |
| 2 | Financials | 14.58% |
| 3 | Healthcare | 12.62% |
| 4 | Consumer Discretionary | 12.5% |
| 5 | Communication Services | 10.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GHG
2076
GreenTree Hospitality
GHG
$116M
| $667K | ﹤0.01% |
50,700
| – | – |
|
|
LDL
2077
DELISTED
Lydall, Inc.
LDL
| $656K | ﹤0.01% |
19,436
| – | – |
|
|
LORL
2078
DELISTED
Loral Space and Communications, Inc.
LORL
| $655K | ﹤0.01% |
17,382
| – | – |
|
2079
Adtran
ADTN
$718M
| $650K | ﹤0.01% |
38,946
-34,283
| -47% | -$578K |
|
|
SNCR
2080
DELISTED
Synchronoss Technologies
SNCR
| $607K | ﹤0.01% |
18,886
-10,290
| -35% | -$425K |
|
2081
Rio Tinto
RIO
$156B
| $571K | ﹤0.01% |
7,353
| – | – |
|
2082
Kamada
KMDA
$417M
| $569K | ﹤0.01% |
93,029
-238,634
| -72% | -$1.58M |
|
2083
Arcus Biosciences
RCUS
$3.47B
| $562K | ﹤0.01% |
20,000
| – | – |
|
|
TDAY
2084
USA Today Co
TDAY
$1.32B
| $550K | ﹤0.01% |
102,272
-298,057
| -74% | -$1.46M |
|
2085
MBIA
MBI
$266M
| $548K | ﹤0.01% |
56,965
-194,601
| -77% | -$1.51M |
|
|
BNR
2086
Burning Rock Biotech
BNR
$93.2M
| $538K | ﹤0.01% |
2,000
| – | – |
|
2087
Crinetics Pharmaceuticals
CRNX
$8.87B
| $513K | ﹤0.01% |
+33,600
| New | +$521K |
|
2088
OraSure Technologies
OSUR
$286M
| $507K | ﹤0.01% |
43,464
-151,473
| -78% | -$1.86M |
|
|
TERN
2089
DELISTED
Terns Pharmaceuticals
TERN
| $507K | ﹤0.01% |
+23,068
| New | +$506K |
|
|
SEI
2090
Solaris Energy Infrastructure
SEI
$3.4B
| $492K | ﹤0.01% |
40,100
-97,438
| -71% | -$1.11M |
|
2091
Kforce
KFRC
$1.03B
| $482K | ﹤0.01% |
+9,000
| New | +$436K |
|
|
RVI
2092
DELISTED
Retail Value Inc. Common Shares
RVI
| $479K | ﹤0.01% |
279,180
+16,418
| +6% | +$25.2K |
|
2093
Snowflake
SNOW
$107B
| $459K | ﹤0.01% |
2,000
-3,409
| -63% | -$910K |
|
2094
Tootsie Roll Industries
TR
$2.96B
| $459K | ﹤0.01% |
16,050
+1
| +0% | +$27 |
|
2095
Voyager Therapeutics
VYGR
$181M
| $426K | ﹤0.01% |
+90,400
| New | +$616K |
|
2096
Passage Bio
PASG
$14.4M
| $423K | ﹤0.01% |
1,209
-461
| -28% | -$197K |
|
2097
RPC Inc
RES
$1.28B
| $417K | ﹤0.01% |
77,242
| – | – |
|
|
ACHL
2098
DELISTED
Achilles Therapeutics
ACHL
| $414K | ﹤0.01% |
+25,000
| New | +$414K |
|
2099
Kiniksa Pharmaceuticals
KNSA
$5.73B
| $406K | ﹤0.01% |
21,947
-45,649
| -68% | -$934K |
|
|
POSH
2100
DELISTED
Poshmark, Inc. Class A Common Stock
POSH
| $406K | ﹤0.01% |
+10,000
| New | +$612K |
|
Similar funds
Norges Bank's Q1 2021 Portfolio in Review
As of Q1 2021, Norges Bank held 2,241 positions worth $437B, up 2% from $428B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Norges Bank withdrew a net $15.8B in Q1 2021, closing 114 positions and reducing 1,392 holdings. Its most notable exit was Tiffany & Co., an estimated $229M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 23% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Norges Bank opened a new position in Ferguson worth $562M.
- Norges Bank's largest Q1 2021 buy was Ferguson: 4,706,324 shares worth $562M.
- Norges Bank added most to Alphabet (Google) Class A in Q1 2021, an estimated $576M increase.
- Norges Bank's biggest Q1 2021 reduction was Alibaba, cutting an estimated $5.99B.
- Norges Bank fully exited Tiffany & Co. in Q1 2021, selling an estimated $229M.
- Norges Bank's ten largest holdings make up 21% of its $437B portfolio in Q1 2021.
- Norges Bank opened 131 new positions and closed 114 in Q1 2021.
- Norges Bank's portfolio value rose 2% quarter-over-quarter to $437B.
Based on Norges Bank's 13F filing for Q1 2021, filed 7 May 2021.