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 | |
|---|---|---|---|---|---|---|
701
US Foods
USFD
$24B
| $88.4M | 0.02% |
2,305,074
-213,450
| -8% | -$8.28M |
|
702
A.O. Smith
AOS
$8.7B
| $88.3M | 0.02% |
1,224,909
-49,007
| -4% | -$3.38M |
|
|
SMAR
703
DELISTED
Smartsheet Inc.
SMAR
| $88.1M | 0.02% |
1,218,841
-55,700
| -4% | -$3.48M |
|
704
Zions Bancorporation
ZION
$10.3B
| $88.1M | 0.02% |
1,666,519
-88,246
| -5% | -$4.94M |
|
705
Carlyle Group
CG
$17.2B
| $87.9M | 0.02% |
1,891,311
+708,291
| +60% | +$30.1M |
|
706
LyondellBasell Industries
LYB
$19.2B
| $87.7M | 0.02% |
852,609
+74,652
| +10% | +$8.08M |
|
707
Dropbox
DBX
$8.12B
| $87.7M | 0.02% |
2,893,638
+401,130
| +16% | +$11M |
|
708
News Corp Class A
NWSA
$15.4B
| $87.7M | 0.02% |
3,402,529
-1,362,341
| -29% | -$35.9M |
|
709
TFI International
TFII
$11.5B
| $87.6M | 0.02% |
959,325
-179,093
| -16% | -$15.6M |
|
|
OTLY
710
Oatly Group
OTLY
$438M
| $87M | 0.02% |
+177,778
| New | +$88.3M |
|
711
Builders FirstSource
BLDR
$8.04B
| $86.6M | 0.02% |
2,029,410
-469,234
| -19% | -$21.8M |
|
712
Watsco Inc
WSO
$13.6B
| $86.4M | 0.02% |
301,332
+30,538
| +11% | +$8.74M |
|
713
CMS Energy
CMS
$22.3B
| $85.9M | 0.02% |
1,454,722
-338,798
| -19% | -$21.1M |
|
714
Guidewire Software
GWRE
$14.2B
| $85.7M | 0.02% |
760,339
+29,144
| +4% | +$3.03M |
|
715
Arrow Electronics
ARW
$10.4B
| $85.6M | 0.02% |
752,238
-36,928
| -5% | -$4.33M |
|
|
CUK
716
DELISTED
Carnival PLC
CUK
| $85.1M | 0.02% |
+3,655,285
| New | +$87.9M |
|
717
Jabil
JBL
$35.8B
| $84.8M | 0.02% |
1,458,926
-26,928
| -2% | -$1.48M |
|
718
COPT Defense Properties
CDP
$4.21B
| $84.1M | 0.02% |
3,003,656
+619,618
| +26% | +$17.3M |
|
719
ITT
ITT
$19.1B
| $83.7M | 0.02% |
913,590
-92,963
| -9% | -$8.66M |
|
720
Capri Holdings
CPRI
$1.74B
| $83.5M | 0.02% |
1,460,534
-89,894
| -6% | -$4.89M |
|
|
SYNH
721
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $83.2M | 0.02% |
929,208
+94,975
| +11% | +$8.02M |
|
722
Highwoods Properties
HIW
$3.47B
| $83.1M | 0.02% |
1,839,045
+258,684
| +16% | +$11.6M |
|
723
Service Corp International
SCI
$11.6B
| $82.6M | 0.02% |
1,541,321
-125,516
| -8% | -$6.67M |
|
|
LSI
724
DELISTED
Life Storage, Inc.
LSI
| $81.9M | 0.02% |
763,263
-56,454
| -7% | -$5.55M |
|
725
Boston Beer
SAM
$1.92B
| $81.8M | 0.02% |
80,166
+8,028
| +11% | +$9.01M |
|
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.