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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
CHX
501
DELISTED
ChampionX
CHX
$149M 0.03%
5,804,127
-322,487
-5% -$7.85M
RVTY icon
502
Revvity
RVTY
$12.6B
$148M 0.03%
958,366
-64,802
-6% -$9.11M
AGCO icon
503
AGCO
AGCO
$7.21B
$148M 0.03%
1,132,724
+57,968
+5% +$8.16M
REXR icon
504
Rexford Industrial Realty
REXR
$8.19B
$148M 0.03%
2,591,731
+1,265,136
+95% +$70.4M
FTCH
505
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
$147M 0.03%
2,926,225
+822,290
+39% +$39M
LDOS icon
506
Leidos
LDOS
$16.9B
$146M 0.03%
1,447,990
+17,241
+1% +$1.77M
PAYC icon
507
Paycom
PAYC
$10B
$146M 0.03%
401,836
+15,101
+4% +$5.35M
DVA icon
508
DaVita
DVA
$11.5B
$146M 0.03%
1,212,323
-83,259
-6% -$9.85M
WHR icon
509
Whirlpool
WHR
$2.86B
$146M 0.03%
668,704
-7,253
-1% -$1.69M
OTEX icon
510
Open Text
OTEX
$6.47B
$146M 0.03%
2,869,152
-58,312
-2% -$2.82M
HR
511
DELISTED
Healthcare Realty Trust Incorporated
HR
$143M 0.03%
4,729,071
+1,627,714
+52% +$50.7M
CNP icon
512
CenterPoint Energy
CNP
$26.7B
$142M 0.03%
5,793,767
-447,742
-7% -$11M
GDDY icon
513
GoDaddy
GDDY
$11.3B
$142M 0.03%
1,631,468
-24,515
-1% -$2.05M
PODD icon
514
Insulet
PODD
$9.48B
$142M 0.03%
515,845
+4,193
+0.8% +$1.14M
ICLR icon
515
Icon
ICLR
$12.4B
$142M 0.03%
684,804
+167,160
+32% +$36.1M
INCY icon
516
Incyte
INCY
$23.7B
$141M 0.03%
1,680,749
-123,841
-7% -$10.3M
MOH icon
517
Molina Healthcare
MOH
$10B
$140M 0.03%
554,402
-15,086
-3% -$3.79M
AEM icon
518
Agnico Eagle Mines
AEM
$84.8B
$140M 0.03%
2,316,344
+9,478
+0.4% +$633K
LNW
519
DELISTED
Light & Wonder
LNW
$140M 0.03%
1,807,884
-224,590
-11% -$13.8M
NCLH icon
520
Norwegian Cruise Line
NCLH
$9.04B
$140M 0.03%
4,751,974
-1,166,192
-20% -$35.1M
PFPT
521
DELISTED
Proofpoint, Inc.
PFPT
$140M 0.03%
803,876
+334,522
+71% +$54.3M
MAS icon
522
Masco
MAS
$14.9B
$139M 0.03%
2,367,501
-91,281
-4% -$5.63M
AQN icon
523
Algonquin Power & Utilities
AQN
$4.42B
$138M 0.03%
9,249,172
+979,244
+12% +$15.4M
SJR
524
DELISTED
Shaw Communications Inc.
SJR
$138M 0.03%
4,752,144
-345,457
-7% -$9.96M
MIDD icon
525
Middleby
MIDD
$5.99B
$137M 0.03%
793,082
+65,442
+9% +$11.2M
19 20
21
22 23

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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.