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 | |
|---|---|---|---|---|---|---|
|
CAMP
2126
DELISTED
CalAmp Corp.
CAMP
| $1.23M | ﹤0.01% |
+5,365
| New | +$1.42M |
|
|
COWN
2127
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.19M | ﹤0.01% |
+34,700
| New | +$1.3M |
|
2128
InMode
INMD
$880M
| $1.17M | ﹤0.01% |
+14,690
| New | +$897K |
|
2129
Ducommun
DCO
$2.73B
| $1.17M | ﹤0.01% |
23,200
| – | – |
|
|
SIC
2130
DELISTED
Select Interior Concepts, Inc. Class A Common Stock
SIC
| $1.16M | ﹤0.01% |
+80,500
| New | +$1.02M |
|
2131
Tredegar Corp
TG
$265M
| $1.15M | ﹤0.01% |
94,601
+40,379
| +74% | +$518K |
|
2132
Stoke Therapeutics
STOK
$1.83B
| $1.15M | ﹤0.01% |
+45,200
| New | +$1.26M |
|
2133
OrthoPediatrics
KIDS
$539M
| $1.11M | ﹤0.01% |
17,018
| – | – |
|
|
CNVY
2134
DELISTED
Convey Health Solutions Holdings, Inc.
CNVY
| $1.11M | ﹤0.01% |
132,692
-642,308
| -83% | -$5.72M |
|
2135
V2X
VVX
$2.93B
| $1.11M | ﹤0.01% |
22,100
| – | – |
|
2136
ICF International
ICFI
$1.51B
| $1.11M | ﹤0.01% |
12,400
+7,900
| +176% | +$718K |
|
|
VRS
2137
DELISTED
Verso Corporation
VRS
| $1.1M | ﹤0.01% |
+52,900
| New | +$1.02M |
|
2138
Veru
VERU
$36.4M
| $1.09M | ﹤0.01% |
+12,760
| New | +$1.01M |
|
2139
Blend Labs
BLND
$443M
| $1.08M | ﹤0.01% |
+80,481
| New | +$1.37M |
|
2140
RadNet
RDNT
$5.24B
| $1.06M | ﹤0.01% |
+36,300
| New | +$1.16M |
|
2141
Covenant Logistics
CVLG
$880M
| $1.04M | ﹤0.01% |
+75,200
| New | +$841K |
|
|
SMED
2142
DELISTED
Sharps Compliance Corp
SMED
| $1.02M | ﹤0.01% |
122,800
| – | – |
|
|
TSC
2143
DELISTED
TriState Capital Holdings, Inc.
TSC
| $1.01M | ﹤0.01% |
+47,900
| New | +$970K |
|
2144
Ecovyst
ECVT
$1.32B
| $1.01M | ﹤0.01% |
86,300
-8,300
| -9% | -$113K |
|
2145
Sierra Bancorp
BSRR
$530M
| $998K | ﹤0.01% |
+41,112
| New | +$1,000K |
|
|
CARM
2146
DELISTED
Carisma Therapeutics
CARM
| $996K | ﹤0.01% |
+62,795
| New | +$3.01M |
|
2147
New Fortress Energy
NFE
$95.4M
| $982K | ﹤0.01% |
+35,372
| New | +$1.07M |
|
2148
Hudbay
HBM
$10B
| $980K | ﹤0.01% |
157,284
-176,616
| -53% | -$1.12M |
|
2149
Marker Therapeutics
MRKR
$20.8M
| $979K | ﹤0.01% |
+57,920
| New | +$1.19M |
|
2150
Intrepid Potash
IPI
$447M
| $955K | ﹤0.01% |
30,900
-12,000
| -28% | -$376K |
|
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.