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 | |
|---|---|---|---|---|---|---|
2201
BlueLinx
BXC
$422M
| $513K | ﹤0.01% |
10,500
-31,800
| -75% | -$1.6M |
|
2202
Phillips Edison & Co
PECO
$5.46B
| $509K | ﹤0.01% |
+16,579
| New | +$487K |
|
2203
Gorman-Rupp
GRC
$2.14B
| $505K | ﹤0.01% |
14,100
-15,000
| -52% | -$532K |
|
2204
TScan Therapeutics
TCRX
$48.6M
| $500K | ﹤0.01% |
+60,000
| New | +$556K |
|
2205
Silicom
SILC
$229M
| $497K | ﹤0.01% |
11,500
| – | – |
|
2206
Inspired Entertainment
INSE
$184M
| $493K | ﹤0.01% |
42,100
-99,206
| -70% | -$1.16M |
|
|
THRN
2207
DELISTED
Thorne Healthtech, Inc. Common Stock
THRN
| $486K | ﹤0.01% |
+56,198
| New | +$459K |
|
|
WDH
2208
Waterdrop
WDH
$402M
| $478K | ﹤0.01% |
200,000
| – | – |
|
2209
Purple Innovation
PRPL
$35.3M
| $473K | ﹤0.01% |
900
-14,156
| -94% | -$8.85M |
|
2210
Crinetics Pharmaceuticals
CRNX
$8.84B
| $455K | ﹤0.01% |
21,600
-51,200
| -70% | -$1.07M |
|
2211
Invivyd
IVVD
$158M
| $452K | ﹤0.01% |
+10,690
| New | +$397K |
|
2212
TriCo Bancshares
TCBK
$1.84B
| $451K | ﹤0.01% |
+10,400
| New | +$421K |
|
|
ZEUS
2213
DELISTED
Olympic Steel
ZEUS
| $448K | ﹤0.01% |
18,400
-32,900
| -64% | -$909K |
|
|
RDS.A
2214
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $446K | ﹤0.01% |
10,000
+4,487
| +81% | +$181K |
|
2215
Evolus
EOLS
$385M
| $441K | ﹤0.01% |
57,900
-20,800
| -26% | -$215K |
|
2216
Universal Insurance Holdings
UVE
$1.22B
| $438K | ﹤0.01% |
33,600
-49,900
| -60% | -$681K |
|
|
LCI
2217
DELISTED
Lannett Company, Inc.
LCI
| $416K | ﹤0.01% |
+34,675
| New | +$561K |
|
2218
Jakks Pacific
JAKK
$301M
| $415K | ﹤0.01% |
+34,900
| New | +$441K |
|
|
GHG
2219
GreenTree Hospitality
GHG
$117M
| $414K | ﹤0.01% |
50,700
| – | – |
|
2220
Cartesian Therapeutics
RNAC
$229M
| $414K | ﹤0.01% |
3,313
-12,280
| -79% | -$1.48M |
|
2221
Sera Prognostics
SERA
$79.9M
| $412K | ﹤0.01% |
+37,098
| New | +$385K |
|
2222
Hydrofarm Holdings
HYFM
$2.57M
| $411K | ﹤0.01% |
1,087
| – | – |
|
2223
Douglas Dynamics
PLOW
$1.02B
| $396K | ﹤0.01% |
+10,900
| New | +$420K |
|
2224
First Advantage
FA
$3.4B
| $395K | ﹤0.01% |
20,745
-251,269
| -92% | -$5.28M |
|
|
CMO
2225
DELISTED
Capstead Mortgage Corp.
CMO
| $390K | ﹤0.01% |
58,273
| – | – |
|
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.