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 | |
|---|---|---|---|---|---|---|
851
Marqeta
MQ
$1.66B
| $61.8M | 0.01% |
+550,000
| New | +$65.6M |
|
852
Macy's
M
$6.68B
| $61.7M | 0.01% |
3,256,398
+4,226
| +0.1% | +$75K |
|
853
MGIC Investment
MTG
$6.25B
| $61.4M | 0.01% |
4,511,583
+145,567
| +3% | +$2.09M |
|
|
GRFS
854
Grifois
GRFS
$5.4B
| $61.3M | 0.01% |
3,532,361
| – | – |
|
855
U-Haul Holding Co
UHAL
$14.6B
| $61.1M | 0.01% |
1,037,390
-63,220
| -6% | -$3.71M |
|
856
SiteOne Landscape Supply
SITE
$4.53B
| $60.9M | 0.01% |
359,980
-40,824
| -10% | -$7.14M |
|
|
CYBR
857
DELISTED
CyberArk
CYBR
| $60.9M | 0.01% |
467,444
-403,879
| -46% | -$53.8M |
|
858
Leggett & Platt
LEG
$1.31B
| $60.9M | 0.01% |
1,174,521
-162,026
| -12% | -$8.43M |
|
859
Regal Rexnord
RRX
$11.9B
| $60.8M | 0.01% |
455,353
-1,186
| -0.3% | -$167K |
|
860
Advanced Drainage Systems
WMS
$11B
| $60.5M | 0.01% |
518,651
-174,880
| -25% | -$19.4M |
|
861
First Industrial Realty Trust
FR
$8.44B
| $60.4M | 0.01% |
1,155,975
-57,358
| -5% | -$2.88M |
|
862
Marriott Vacations Worldwide
VAC
$4.24B
| $60.3M | 0.01% |
378,768
-26,979
| -7% | -$4.62M |
|
|
COR
863
DELISTED
Coresite Realty Corporation
COR
| $60.3M | 0.01% |
447,696
-209,539
| -32% | -$26.2M |
|
864
Live Nation Entertainment
LYV
$42.1B
| $60M | 0.01% |
684,646
-492,479
| -42% | -$42.2M |
|
865
Euronet Worldwide
EEFT
$2.7B
| $59.8M | 0.01% |
441,634
-48,373
| -10% | -$7.05M |
|
866
Planet Fitness
PLNT
$3.96B
| $59.8M | 0.01% |
794,293
+94,944
| +14% | +$7.56M |
|
867
Zurn Elkay Water Solutions
ZWS
$8.53B
| $59.8M | 0.01% |
2,479,321
-229,961
| -8% | -$5.53M |
|
868
Omnicell
OMCL
$1.68B
| $59.7M | 0.01% |
394,404
-45,986
| -10% | -$6.4M |
|
869
Liberty Media Series C
FWONK
$25.8B
| $59.7M | 0.01% |
1,279,964
-1,097,284
| -46% | -$48.2M |
|
870
FirstService
FSV
$6.32B
| $59.5M | 0.01% |
346,931
| – | – |
|
871
Thor Industries
THO
$4.14B
| $59.4M | 0.01% |
526,038
+70,591
| +15% | +$8.97M |
|
|
MRTX
872
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $59.4M | 0.01% |
367,962
-22,094
| -6% | -$3.55M |
|
873
Q2 Holdings
QTWO
$3.92B
| $59.4M | 0.01% |
579,158
+88,395
| +18% | +$8.85M |
|
|
BPMC
874
DELISTED
Blueprint Medicines
BPMC
| $59.2M | 0.01% |
672,973
-36,935
| -5% | -$3.38M |
|
875
HEICO Corp
HEI
$51.4B
| $59.1M | 0.01% |
423,984
+78,458
| +23% | +$10.8M |
|
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.