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 | |
|---|---|---|---|---|---|---|
2076
Clarus
CLAR
$127M
| $1.74M | ﹤0.01% |
+67,700
| New | +$1.87M |
|
2077
Neuronetics
STIM
$151M
| $1.73M | ﹤0.01% |
263,200
+46,600
| +22% | +$447K |
|
|
CSII
2078
DELISTED
Cardiovascular Systems, Inc.
CSII
| $1.72M | ﹤0.01% |
52,424
-53,125
| -50% | -$1.98M |
|
2079
Myers Industries
MYE
$1.33B
| $1.71M | ﹤0.01% |
87,578
-109,471
| -56% | -$2.33M |
|
2080
Diana Shipping
DSX
$313M
| $1.71M | ﹤0.01% |
+427,381
| New | +$1.41M |
|
|
GPX
2081
DELISTED
GP Strategies Corp.
GPX
| $1.7M | ﹤0.01% |
+82,100
| New | +$1.63M |
|
2082
Mitek Systems
MITK
$776M
| $1.69M | ﹤0.01% |
+91,200
| New | +$1.85M |
|
|
LGF.A
2083
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $1.68M | ﹤0.01% |
118,391
-38,144
| -24% | -$558K |
|
|
TRST
2084
Trustco Bank Corp NY
TRST
$978M
| $1.64M | ﹤0.01% |
51,307
+29,400
| +134% | +$961K |
|
2085
Insteel Industries
IIIN
$603M
| $1.63M | ﹤0.01% |
+42,900
| New | +$1.58M |
|
2086
Adtran
ADTN
$707M
| $1.63M | ﹤0.01% |
86,601
+47,655
| +122% | +$1M |
|
2087
Resources Connection
RGP
$155M
| $1.62M | ﹤0.01% |
102,900
-64,280
| -38% | -$967K |
|
|
ONTF
2088
DELISTED
ON24
ONTF
| $1.61M | ﹤0.01% |
80,700
+60,700
| +304% | +$1.69M |
|
|
VRTV
2089
DELISTED
VERITIV CORPORATION
VRTV
| $1.59M | ﹤0.01% |
17,752
-2,699
| -13% | -$206K |
|
2090
Aligos Therapeutics
ALGS
$28.2M
| $1.59M | ﹤0.01% |
+4,096
| New | +$1.62M |
|
|
CUTR
2091
DELISTED
Cutera, Inc.
CUTR
| $1.58M | ﹤0.01% |
+33,900
| New | +$1.67M |
|
2092
Stoneridge
SRI
$207M
| $1.57M | ﹤0.01% |
+77,200
| New | +$1.91M |
|
2093
Metropolitan Bank Holding Corp
MCB
$1.16B
| $1.57M | ﹤0.01% |
+18,600
| New | +$1.35M |
|
2094
Mercer International
MERC
$45.2M
| $1.53M | ﹤0.01% |
132,000
-84,700
| -39% | -$982K |
|
2095
Caesarstone
CSTE
$74.7M
| $1.52M | ﹤0.01% |
122,758
| – | – |
|
2096
Hyster-Yale Materials Handling
HY
$626M
| $1.5M | ﹤0.01% |
+29,900
| New | +$1.84M |
|
2097
Merchants Bancorp
MBIN
$2.6B
| $1.5M | ﹤0.01% |
+56,850
| New | +$1.41M |
|
2098
Hawkins
HWKN
$2.76B
| $1.49M | ﹤0.01% |
+42,800
| New | +$1.48M |
|
2099
Privia Health
PRVA
$3.02B
| $1.49M | ﹤0.01% |
63,022
| – | – |
|
2100
Marten Transport
MRTN
$1.2B
| $1.48M | ﹤0.01% |
94,100
-83,300
| -47% | -$1.31M |
|
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.