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 | |
|---|---|---|---|---|---|---|
|
SKX
876
DELISTED
Skechers
SKX
| $59M | 0.01% |
1,184,266
| – | – |
|
877
SL Green Realty
SLG
$3.99B
| $58.9M | 0.01% |
736,495
-397,131
| -35% | -$30.2M |
|
878
American Eagle Outfitters
AEO
$3.01B
| $58.9M | 0.01% |
1,568,711
-401
| -0% | -$13.9K |
|
879
MasTec
MTZ
$21.9B
| $58.8M | 0.01% |
553,769
-112,962
| -17% | -$12.3M |
|
880
NCR Voyix
VYX
$1.14B
| $58.6M | 0.01% |
2,095,036
+91,887
| +5% | +$2.54M |
|
881
Dolby
DLB
$5.79B
| $58.6M | 0.01% |
595,694
-23,037
| -4% | -$2.28M |
|
882
Entergy
ETR
$50B
| $58.5M | 0.01% |
1,173,042
-1,007,618
| -46% | -$53.1M |
|
883
Denali Therapeutics
DNLI
$3.94B
| $58.2M | 0.01% |
741,980
+144,214
| +24% | +$8.92M |
|
884
Axalta
AXTA
$8.17B
| $58M | 0.01% |
1,903,088
-129,046
| -6% | -$4.09M |
|
885
Cullen/Frost Bankers
CFR
$10.2B
| $57.7M | 0.01% |
514,830
+32,843
| +7% | +$3.84M |
|
886
Ultragenyx Pharmaceutical
RARE
$2.55B
| $57.6M | 0.01% |
604,338
+59,885
| +11% | +$6.24M |
|
|
SRCL
887
DELISTED
Stericycle Inc
SRCL
| $57.6M | 0.01% |
805,299
-36,846
| -4% | -$2.71M |
|
888
Arrowhead Research
ARWR
$12.4B
| $57.6M | 0.01% |
694,960
-21,653
| -3% | -$1.61M |
|
|
NVTA
889
DELISTED
Invitae Corporation
NVTA
| $57.5M | 0.01% |
1,704,673
+289,155
| +20% | +$9.4M |
|
890
Stantec
STN
$8.39B
| $57.5M | 0.01% |
1,288,225
-74,880
| -5% | -$3.38M |
|
891
EastGroup Properties
EGP
$10.9B
| $57.4M | 0.01% |
349,237
-31,386
| -8% | -$4.97M |
|
892
Affiliated Managers Group
AMG
$9.76B
| $57.4M | 0.01% |
372,355
-29,182
| -7% | -$4.65M |
|
893
Cirrus Logic
CRUS
$6.26B
| $57.2M | 0.01% |
672,210
-13,279
| -2% | -$1.06M |
|
894
Tandem Diabetes Care
TNDM
$1.53B
| $57.1M | 0.01% |
586,150
+28,089
| +5% | +$2.5M |
|
895
Silicon Laboratories
SLAB
$7.23B
| $57.1M | 0.01% |
372,389
+3,079
| +0.8% | +$430K |
|
|
CHNG
896
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $56.9M | 0.01% |
2,469,804
-204,518
| -8% | -$4.7M |
|
|
VMEO
897
DELISTED
Vimeo
VMEO
| $56.9M | 0.01% |
+1,160,322
| New | +$53.3M |
|
898
Knight Transportation
KNX
$11.4B
| $56.6M | 0.01% |
1,244,750
-14,561
| -1% | -$696K |
|
899
Ziff Davis
ZD
$1.98B
| $56.6M | 0.01% |
472,867
-11,933
| -2% | -$1.31M |
|
900
Morningstar
MORN
$7.53B
| $56.5M | 0.01% |
219,647
+20,040
| +10% | +$4.86M |
|
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.