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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
VIPS icon
576
Vipshop
VIPS
$7.52B
$120M 0.03%
5,958,208
+218,743
+4% +$5.5M
SNA icon
577
Snap-on
SNA
$21.5B
$119M 0.03%
532,293
-29,857
-5% -$7.15M
FFIV icon
578
F5
FFIV
$23.3B
$119M 0.03%
636,418
+47,176
+8% +$9.07M
CHRW icon
579
C.H. Robinson
CHRW
$17.5B
$118M 0.03%
1,260,950
-62,033
-5% -$6.05M
COUR icon
580
Coursera
COUR
$1.52B
$118M 0.03%
2,974,277
+1,224,277
+70% +$52.7M
TECK icon
581
Teck Resources
TECK
$32.7B
$118M 0.03%
5,109,272
-565,468
-10% -$12.9M
FMC icon
582
FMC
FMC
$1.34B
$117M 0.03%
1,078,776
-38,578
-3% -$4.47M
BF.B icon
583
Brown-Forman Class B
BF.B
$13.1B
$116M 0.03%
1,551,769
-125,382
-7% -$9.55M
RPRX icon
584
Royalty Pharma
RPRX
$25.3B
$115M 0.02%
2,794,952
+31,815
+1% +$1.35M
DXC icon
585
DXC Technology
DXC
$1.75B
$115M 0.02%
2,940,458
-25,151
-0.8% -$898K
UNVR
586
DELISTED
Univar Solutions Inc.
UNVR
$114M 0.02%
4,692,809
+2,968,245
+172% +$74.4M
BWA icon
587
BorgWarner
BWA
$14B
$114M 0.02%
2,676,142
-248,595
-8% -$10.9M
PPLI
588
People Inc
PPLI
$3.15B
$114M 0.02%
898,905
-713,355
-44% -$92.4M
BRO icon
589
Brown & Brown
BRO
$24B
$114M 0.02%
2,139,092
-93,655
-4% -$4.82M
MHK icon
590
Mohawk Industries
MHK
$9.26B
$114M 0.02%
591,116
-36,185
-6% -$7.37M
FOX icon
591
Fox Class B
FOX
$23.6B
$113M 0.02%
3,223,298
-169,212
-5% -$6.12M
CLVT icon
592
Clarivate
CLVT
$1.19B
$113M 0.02%
4,118,238
+2,259,298
+122% +$62.1M
DIDI
593
DELISTED
DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share
DIDI
$113M 0.02%
+7,999,999
New +$113M
AXON
594
Axon Enterprise
AXON
$45.4B
$113M 0.02%
639,395
+31,088
+5% +$4.58M
CBOE icon
595
Cboe Global Markets
CBOE
$30.2B
$113M 0.02%
949,181
-28,491
-3% -$3.13M
HTHT icon
596
Huazhu Hotels Group
HTHT
$13B
$113M 0.02%
2,139,710
+264,909
+14% +$14.9M
BG icon
597
Bunge Global
BG
$21.1B
$113M 0.02%
1,440,786
+38,733
+3% +$3.27M
NWL icon
598
Newell Brands
NWL
$2.54B
$112M 0.02%
4,082,184
-129,537
-3% -$3.57M
ALLE icon
599
Allegion
ALLE
$14.4B
$112M 0.02%
804,803
-17,593
-2% -$2.4M
LW icon
600
Lamb Weston
LW
$7.2B
$111M 0.02%
1,381,374
+78,219
+6% +$6.27M
22 23
24
25 26

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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.