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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
+9.04%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$461B
AUM Growth
+$24.5B
Cap. Flow
-$9.73B
Cap. Flow %
-2.11%
Top 10 Hldgs %
22.33%
Holding
2,310
New
183
Increased
607
Reduced
1,278
Closed
104

Top Buys

Rank Stock Value
1
UDR icon
UDR
UDR
+$330M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$329M
3
ARE icon
Alexandria Real Estate Equities
ARE
+$327M
4
INVH icon
Invitation Homes
INVH
+$309M
5
TSLA icon
Tesla
TSLA
+$260M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$970M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$928M
3
C icon
Citigroup
C
+$368M
4
LIN icon
Linde
LIN
+$354M
5
BRK.B icon
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
CERN
351
DELISTED
Cerner Corp
CERN
$231M 0.05%
2,958,198
-196,542
-6% -$15.1M
RSG icon
352
Republic Services
RSG
$63.9B
$231M 0.05%
2,096,855
+18,086
+0.9% +$1.94M
CFG icon
353
Citizens Financial Group
CFG
$31B
$230M 0.05%
5,019,024
+400,999
+9% +$18.9M
TER icon
354
Teradyne
TER
$60.9B
$230M 0.05%
1,715,829
-59,653
-3% -$7.63M
KSU
355
DELISTED
Kansas City Southern
KSU
$230M 0.05%
810,534
-137,753
-15% -$39.8M
QRVO icon
356
Qorvo
QRVO
$8.4B
$229M 0.05%
1,172,134
-97,676
-8% -$18M
ANSS
357
DELISTED
Ansys
ANSS
$229M 0.05%
659,965
+126,540
+24% +$43.8M
DLTR icon
358
Dollar Tree
DLTR
$24.7B
$229M 0.05%
2,299,669
-8,563
-0.4% -$931K
LOGI icon
359
Logitech
LOGI
$15.1B
$229M 0.05%
1,885,594
-473,236
-20% -$55.4M
BKR icon
360
Baker Hughes
BKR
$61.2B
$228M 0.05%
9,960,128
-605,768
-6% -$14M
HPP
361
Hudson Pacific Properties
HPP
$812M
$226M 0.05%
1,161,819
+144,446
+14% +$28.6M
VTR icon
362
Ventas
VTR
$47.5B
$226M 0.05%
3,954,117
-112,978
-3% -$6.31M
ODFL icon
363
Old Dominion Freight Line
ODFL
$44.8B
$226M 0.05%
1,777,902
+15,652
+0.9% +$2.01M
STT icon
364
State Street
STT
$51.4B
$225M 0.05%
2,737,452
-851,266
-24% -$71.9M
KR icon
365
Kroger
KR
$34.7B
$225M 0.05%
5,864,702
-2,483,823
-30% -$93.5M
WDC icon
366
Western Digital
WDC
$179B
$225M 0.05%
4,174,103
-45,119
-1% -$2.44M
SGEN
367
DELISTED
Seagen Inc. Common Stock
SGEN
$223M 0.05%
1,409,376
-8,514
-0.6% -$1.27M
BHP icon
368
BHP
BHP
$227B
$222M 0.05%
3,414,250
– –
TCOM icon
369
Trip.com Group
TCOM
$28.9B
$221M 0.05%
6,233,692
+186,575
+3% +$7.11M
VRSN icon
370
VeriSign
VRSN
$26.5B
$220M 0.05%
964,977
-51,960
-5% -$11.3M
W icon
371
Wayfair
W
$14.7B
$219M 0.05%
692,147
+35,435
+5% +$11.1M
DPZ icon
372
Domino's
DPZ
$12.1B
$217M 0.05%
465,732
-1,425
-0.3% -$604K
GRMN
373
Garmin
GRMN
$58.3B
$217M 0.05%
1,501,783
-47,065
-3% -$6.61M
SPLK
374
DELISTED
Splunk Inc
SPLK
$217M 0.05%
1,500,070
-1,261,424
-46% -$161M
HBAN icon
375
Huntington Bancshares
HBAN
$35.6B
$216M 0.05%
15,157,887
+5,773,354
+62% +$88.3M
13 14
15
16 17

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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.