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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+0.6%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$452B
AUM Growth
-$9.33B
Cap. Flow
-$7.26B
Cap. Flow %
-1.61%
Top 10 Hldgs %
22.53%
Holding
2,403
New
197
Increased
630
Reduced
1,246
Closed
133

Top Buys

Rank Stock Value
1
WELL icon
Welltower
WELL
+$851M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$768M
3
BX icon
Blackstone
BX
+$670M
4
AZN icon
AstraZeneca
AZN
+$544M
5
CVX icon
Chevron
CVX
+$483M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.52B
2
MSFT icon
Microsoft
MSFT
+$1.11B
3
AAPL icon
Apple
AAPL
+$825M
4
AMAT icon
Applied Materials
AMAT
+$579M
5
JD icon
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
DESP
2176
DELISTED
Despegar.com
DESP
$697K ﹤0.01%
57,900
– –
BRBR icon
2177
BellRing Brands
BRBR
$1.51B
$695K ﹤0.01%
22,600
– –
SPNS
2178
DELISTED
Sapiens International
SPNS
$694K ﹤0.01%
23,949
-35,702
-60% -$977K
AMK
2179
DELISTED
AssetMark Financial Holdings, Inc.
AMK
$694K ﹤0.01%
+27,900
New +$720K
CNXN icon
2180
PC Connection
CNXN
$2.16B
$682K ﹤0.01%
15,500
-7,400
-32% -$339K
ONCT
2181
DELISTED
Oncternal Therapeutics, Inc. Common Stock
ONCT
$674K ﹤0.01%
8,085
-16,599
-67% -$1.37M
THFF icon
2182
First Financial Corp
THFF
$982M
$669K ﹤0.01%
15,920
-103,979
-87% -$4.17M
RYTM icon
2183
Rhythm Pharmaceuticals
RYTM
$7.05B
$668K ﹤0.01%
51,161
– –
FFIC
2184
DELISTED
Flushing Financial
FFIC
$664K ﹤0.01%
29,401
-30,087
-51% -$665K
PYCR
2185
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
$644K ﹤0.01%
+18,327
New +$601K
COOK icon
2186
Traeger
COOK
$186M
$616K ﹤0.01%
+588
New +$734K
DCOM icon
2187
Dime Commercial Bancshares
DCOM
$1.82B
$616K ﹤0.01%
18,868
-39,037
-67% -$1.27M
SXC icon
2188
SunCoke Energy
SXC
$714M
$614K ﹤0.01%
+97,700
New +$671K
IVC
2189
DELISTED
Invacare Corporation
IVC
$579K ﹤0.01%
121,600
-666
-0.5% -$4.86K
TIG
2190
DELISTED
Trean Insurance Group, Inc. Common Stock
TIG
$578K ﹤0.01%
55,800
-60,500
-52% -$719K
KRO icon
2191
KRONOS Worldwide
KRO
$708M
$567K ﹤0.01%
45,700
-50,500
-52% -$668K
ABTX
2192
DELISTED
Allegiance Bancshares
ABTX
$565K ﹤0.01%
+14,800
New +$543K
NEXA icon
2193
Nexa Resources
NEXA
$1.7B
$559K ﹤0.01%
73,495
– –
RFP
2194
DELISTED
Resolute Forest Products Inc.
RFP
$555K ﹤0.01%
46,600
-56,400
-55% -$660K
TUFN
2195
DELISTED
Tufin Software Technologies Ltd.
TUFN
$553K ﹤0.01%
+56,300
New +$585K
GILT icon
2196
Gilat Satellite Networks
GILT
$883M
$541K ﹤0.01%
60,266
-81,883
-58% -$802K
STXS icon
2197
Stereotaxis
STXS
$133M
$527K ﹤0.01%
+98,000
New +$739K
FF icon
2198
Future Fuel
FF
$215M
$526K ﹤0.01%
+73,800
New +$613K
APEI icon
2199
American Public Education
APEI
$975M
$525K ﹤0.01%
20,500
-56,600
-73% -$1.55M
PRTK
2200
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
$519K ﹤0.01%
106,800
-50,400
-32% -$278K
86 87
88
89 90

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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.