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 |
UDR
UDR
|
+$330M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$329M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$327M |
| 4 |
Invitation Homes
INVH
|
+$309M |
| 5 |
Tesla
TSLA
|
+$260M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$970M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$928M |
| 3 |
Citigroup
C
|
+$368M |
| 4 |
Linde
LIN
|
+$354M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$320M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.3% |
| 2 | Financials | 14.41% |
| 3 | Healthcare | 12.63% |
| 4 | Consumer Discretionary | 12.55% |
| 5 | Communication Services | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HES
276
DELISTED
Hess
HES
| $315M | 0.07% |
3,604,370
-119,157
| -3% | -$9.62M |
|
277
Yum! Brands
YUM
$41.6B
| $313M | 0.07% |
2,722,600
-20,008
| -0.7% | -$2.36M |
|
|
FRC
278
DELISTED
First Republic Bank
FRC
| $310M | 0.07% |
1,654,710
-20,427
| -1% | -$3.75M |
|
279
Weyerhaeuser
WY
$18.6B
| $308M | 0.07% |
8,958,626
-369,722
| -4% | -$13.7M |
|
280
Zimmer Biomet
ZBH
$19B
| $308M | 0.07% |
1,973,086
-47,233
| -2% | -$7.65M |
|
281
CBRE Group
CBRE
$43.8B
| $308M | 0.07% |
3,589,244
-80,314
| -2% | -$6.86M |
|
282
Trimble
TRMB
$13.7B
| $306M | 0.07% |
3,743,771
+457,710
| +14% | +$36.4M |
|
283
Aflac
AFL
$63.9B
| $306M | 0.07% |
5,697,543
-543,868
| -9% | -$29.7M |
|
284
KKR & Co
KKR
$94.9B
| $304M | 0.07% |
5,131,479
-64,094
| -1% | -$3.56M |
|
285
Best Buy
BBY
$17.8B
| $301M | 0.07% |
2,620,356
+132,425
| +5% | +$15.5M |
|
286
Ameriprise Financial
AMP
$49.6B
| $301M | 0.07% |
1,209,307
-101,905
| -8% | -$25.7M |
|
287
Ametek
AME
$58.4B
| $301M | 0.07% |
2,254,260
+122,052
| +6% | +$16.3M |
|
288
Southern Company
SO
$107B
| $300M | 0.07% |
4,962,741
-1,197,610
| -19% | -$76.6M |
|
289
TransDigm Group
TDG
$70.2B
| $300M | 0.07% |
463,890
-1,130
| -0.2% | -$709K |
|
290
Cintas
CTAS
$80.6B
| $299M | 0.06% |
3,134,012
-20,316
| -0.6% | -$1.8M |
|
291
Electronic Arts
EA
$52.9B
| $299M | 0.06% |
2,077,502
-95,679
| -4% | -$13.6M |
|
292
Trade Desk
TTD
$8.91B
| $298M | 0.06% |
3,857,390
+2,014,470
| +109% | +$129M |
|
|
WORK
293
DELISTED
Slack Technologies, Inc.
WORK
| $298M | 0.06% |
6,733,099
+355,843
| +6% | +$15.2M |
|
294
Hilton Worldwide
HLT
$73B
| $296M | 0.06% |
2,457,045
-75,670
| -3% | -$9.45M |
|
295
Spotify
SPOT
$99.2B
| $293M | 0.06% |
1,061,679
-27,543
| -3% | -$6.99M |
|
296
Wolfspeed
WOLF
$1.31B
| $292M | 0.06% |
2,980,822
+500,462
| +20% | +$50.5M |
|
297
Camden Property Trust
CPT
$11.1B
| $288M | 0.06% |
2,173,087
+578,939
| +36% | +$71.8M |
|
298
Mettler-Toledo International
MTD
$28.5B
| $286M | 0.06% |
206,504
-4,708
| -2% | -$6.07M |
|
299
HP
HPQ
$26.1B
| $285M | 0.06% |
9,423,796
-2,544,227
| -21% | -$81.3M |
|
300
Synchrony
SYF
$25.8B
| $282M | 0.06% |
5,812,304
-358,486
| -6% | -$16.3M |
|
Similar funds
Norges Bank's Q2 2021 Portfolio in Review
As of Q2 2021, Norges Bank held 2,310 positions worth $461B, up 5.6% from $437B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Norges Bank's Q2 2021 filing shows 183 new, 607 increased, 1,278 reduced and 104 closed positions. Its largest new stake was DoorDash: 1,116,782 shares worth $199M. The largest sale was Apple, an estimated $970M.
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 Q2 2021 buy was DoorDash: 1,116,782 shares worth $199M.
- Norges Bank added most to UDR in Q2 2021, an estimated $330M increase.
- Norges Bank's biggest Q2 2021 reduction was Apple, cutting an estimated $970M.
- Norges Bank fully exited INPHI CORPORATION in Q2 2021, selling an estimated $205M.
- Norges Bank's ten largest holdings make up 22% of its $461B portfolio in Q2 2021.
- Norges Bank opened 183 new positions and closed 104 in Q2 2021.
- Norges Bank's portfolio value rose 5.6% quarter-over-quarter to $461B.
Based on Norges Bank's 13F filing for Q2 2021, filed 10 Aug 2021.