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 | |
|---|---|---|---|---|---|---|
|
AMAM
2151
DELISTED
Ambrx Biopharma Inc
AMAM
| $945K | ﹤0.01% |
70,000
| – | – |
|
|
TA
2152
DELISTED
TravelCenters of America LLC
TA
| $941K | ﹤0.01% |
+18,900
| New | +$708K |
|
2153
Forestar Group
FOR
$1.44B
| $937K | ﹤0.01% |
50,300
-21,200
| -30% | -$428K |
|
2154
Neuropace
NPCE
$439M
| $919K | ﹤0.01% |
58,000
| – | – |
|
2155
ACV Auctions
ACVA
$1.31B
| $895K | ﹤0.01% |
50,000
| – | – |
|
2156
Shattuck Labs
STTK
$675M
| $889K | ﹤0.01% |
+43,600
| New | +$933K |
|
|
SP
2157
DELISTED
SP Plus Corporation
SP
| $880K | ﹤0.01% |
28,700
-14,300
| -33% | -$444K |
|
|
OLO
2158
DELISTED
Olo Inc
OLO
| $865K | ﹤0.01% |
28,820
| – | – |
|
2159
American Vanguard Corp
AVD
$68.4M
| $861K | ﹤0.01% |
+57,200
| New | +$904K |
|
2160
Information Services Group
III
$199M
| $858K | ﹤0.01% |
+119,500
| New | +$796K |
|
2161
Regional Management Corp
RM
$301M
| $849K | ﹤0.01% |
+14,600
| New | +$805K |
|
2162
Costamare
CMRE
$1.88B
| $836K | ﹤0.01% |
54,000
-100,800
| -65% | -$1.3M |
|
|
LOGC
2163
DELISTED
ContextLogic
LOGC
| $819K | ﹤0.01% |
+5,000
| New | +$1.24M |
|
|
LGTY
2164
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $819K | ﹤0.01% |
34,485
-33,681
| -49% | -$776K |
|
2165
Allot
ALLT
$372M
| $803K | ﹤0.01% |
53,741
-126,298
| -70% | -$2.14M |
|
2166
Central Pacific Financial
CPF
$1.02B
| $796K | ﹤0.01% |
+31,000
| New | +$777K |
|
2167
Torrid Holdings
CURV
$254M
| $772K | ﹤0.01% |
+50,000
| New | +$1.18M |
|
2168
Altimmune
ALT
$552M
| $765K | ﹤0.01% |
67,600
-262,200
| -80% | -$3.19M |
|
|
DMTK
2169
DELISTED
DermTech, Inc. Common Stock
DMTK
| $761K | ﹤0.01% |
+23,700
| New | +$833K |
|
2170
Cohu
COHU
$2.26B
| $757K | ﹤0.01% |
+23,700
| New | +$806K |
|
2171
Global Industrial
GIC
$1.37B
| $731K | ﹤0.01% |
+19,300
| New | +$725K |
|
2172
Nkarta
NKTX
$150M
| $715K | ﹤0.01% |
+25,700
| New | +$814K |
|
2173
DoubleVerify
DV
$1.73B
| $703K | ﹤0.01% |
20,591
-21,367
| -51% | -$754K |
|
2174
United Fire Group
UFCS
$1.32B
| $703K | ﹤0.01% |
30,443
-37,000
| -55% | -$925K |
|
2175
StoneX
SNEX
$9.26B
| $699K | ﹤0.01% |
53,663
-97,200
| -64% | -$1.25M |
|
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.