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 | |
|---|---|---|---|---|---|---|
|
ALTA
2226
DELISTED
Altabancorp
ALTA
| $384K | ﹤0.01% |
+8,700
| New | +$361K |
|
2227
Pathward Financial
CASH
$1.86B
| $383K | ﹤0.01% |
+7,300
| New | +$363K |
|
|
PRSU
2228
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $379K | ﹤0.01% |
8,354
| – | – |
|
2229
a.k.a. Brands
AKA
$124M
| $377K | ﹤0.01% |
+3,667
| New | +$419K |
|
2230
DMC Global
BOOM
$138M
| $376K | ﹤0.01% |
10,194
-26,314
| -72% | -$1.14M |
|
2231
RPC Inc
RES
$1.24B
| $375K | ﹤0.01% |
77,242
| – | – |
|
2232
Ceragon Networks
CRNT
$197M
| $372K | ﹤0.01% |
106,455
| – | – |
|
|
MLNK
2233
DELISTED
MeridianLink
MLNK
| $368K | ﹤0.01% |
+16,472
| New | +$407K |
|
2234
Transcat
TRNS
$799M
| $361K | ﹤0.01% |
5,600
-13,800
| -71% | -$880K |
|
2235
Unitil
UTL
$970M
| $359K | ﹤0.01% |
+8,400
| New | +$420K |
|
2236
InfuSystem Holdings
INFU
$184M
| $353K | ﹤0.01% |
27,100
-27,800
| -51% | -$453K |
|
2237
NextCure
NXTC
$16.8M
| $350K | ﹤0.01% |
4,325
-75
| -2% | -$6.58K |
|
|
TEAD
2238
Teads Holding Co
TEAD
$68.7M
| $336K | ﹤0.01% |
+22,694
| New | +$400K |
|
2239
Alkami Technology
ALKT
$1.94B
| $324K | ﹤0.01% |
13,113
-18,137
| -58% | -$541K |
|
2240
York Water
YORW
$502M
| $324K | ﹤0.01% |
7,426
| – | – |
|
|
TDAY
2241
USA Today Co
TDAY
$1.27B
| $319K | ﹤0.01% |
47,697
-466,475
| -91% | -$2.75M |
|
2242
Angi Inc
ANGI
$229M
| $309K | ﹤0.01% |
2,502
-4,716
| -65% | -$542K |
|
|
RNWK
2243
DELISTED
RealNetworks Inc
RNWK
| $304K | ﹤0.01% |
191,100
-152,700
| -44% | -$280K |
|
|
LEVL
2244
DELISTED
Level One Bancorp, Inc. Common Stock
LEVL
| $300K | ﹤0.01% |
+10,200
| New | +$281K |
|
2245
Affirm
AFRM
$23.9B
| $298K | ﹤0.01% |
+2,500
| New | +$200K |
|
2246
VTEX
VTEX
$735M
| $298K | ﹤0.01% |
+14,501
| New | +$362K |
|
2247
National Presto Industries
NPK
$870M
| $292K | ﹤0.01% |
3,562
| – | – |
|
|
CYBE
2248
DELISTED
Cyberoptics Corp
CYBE
| $281K | ﹤0.01% |
+7,900
| New | +$322K |
|
|
UBX
2249
DELISTED
Unity Biotechnology
UBX
| $273K | ﹤0.01% |
9,090
-13,810
| -60% | -$487K |
|
2250
Orion Energy Systems
OESX
$41M
| $269K | ﹤0.01% |
6,920
+5,250
| +314% | +$242K |
|
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.