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 | |
|---|---|---|---|---|---|---|
801
Crocs
CROX
$6.55B
| $68M | 0.01% |
583,675
-28,077
| -5% | -$2.76M |
|
802
Olin
OLN
$2.12B
| $67.7M | 0.01% |
1,464,345
-22,531
| -2% | -$1.01M |
|
|
AIRC
803
DELISTED
Apartment Income REIT Corp.
AIRC
| $67.4M | 0.01% |
1,421,475
+39,968
| +3% | +$1.84M |
|
|
GAP
804
The Gap Inc
GAP
$7.37B
| $67.4M | 0.01% |
2,003,054
-73,556
| -4% | -$2.43M |
|
|
X
805
DELISTED
US Steel
X
| $67.3M | 0.01% |
2,803,358
-845,527
| -23% | -$20.8M |
|
806
Intellia Therapeutics
NTLA
$1.67B
| $67.1M | 0.01% |
414,719
-73,917
| -15% | -$5.76M |
|
807
Yeti Holdings
YETI
$3.95B
| $66.7M | 0.01% |
726,374
+618,286
| +572% | +$53.7M |
|
808
Toll Brothers
TOL
$14.5B
| $66.6M | 0.01% |
1,152,744
-120,920
| -9% | -$7.37M |
|
809
Concentrix
CNXC
$1.57B
| $66.5M | 0.01% |
413,325
+15,765
| +4% | +$2.43M |
|
810
Envista
NVST
$4.52B
| $66.4M | 0.01% |
1,537,578
-96,373
| -6% | -$4.18M |
|
811
ManpowerGroup
MAN
$2.63B
| $66.4M | 0.01% |
558,518
-92,721
| -14% | -$10.9M |
|
812
Mattel
MAT
$4.3B
| $66.3M | 0.01% |
3,298,897
-86,105
| -3% | -$1.78M |
|
|
AMED
813
DELISTED
Amedisys
AMED
| $66M | 0.01% |
269,504
+413
| +0.2% | +$108K |
|
814
Chemed
CHE
$7.22B
| $66M | 0.01% |
139,115
-2,508
| -2% | -$1.2M |
|
815
Under Armour Class C
UA
$2.53B
| $66M | 0.01% |
3,553,639
-128,454
| -3% | -$2.42M |
|
|
IAA
816
DELISTED
IAA, Inc. Common Stock
IAA
| $65.8M | 0.01% |
1,207,197
-46,811
| -4% | -$2.69M |
|
817
Woodward
WWD
$21.4B
| $65.6M | 0.01% |
534,141
-35,005
| -6% | -$4.31M |
|
|
HBI
818
DELISTED
Hanesbrands
HBI
| $65.6M | 0.01% |
3,515,122
+620,724
| +21% | +$12.3M |
|
819
Churchill Downs
CHDN
$6.12B
| $65.6M | 0.01% |
661,998
-20,700
| -3% | -$2.13M |
|
820
Vertiv
VRT
$105B
| $65.1M | 0.01% |
2,386,258
+722,469
| +43% | +$17.3M |
|
|
COHR
821
DELISTED
Coherent Inc
COHR
| $65.1M | 0.01% |
246,412
-20,330
| -8% | -$5.35M |
|
822
Prosperity Bancshares
PB
$8.86B
| $65M | 0.01% |
905,443
+16,432
| +2% | +$1.23M |
|
823
Royal Gold
RGLD
$19.5B
| $64.8M | 0.01% |
568,135
-21,664
| -4% | -$2.55M |
|
824
Targa Resources
TRGP
$55.1B
| $64.8M | 0.01% |
1,458,178
+414,234
| +40% | +$16M |
|
825
Texas Roadhouse
TXRH
$13.7B
| $64.8M | 0.01% |
673,080
-8,869
| -1% | -$873K |
|
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.