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 | |
|---|---|---|---|---|---|---|
1001
Franklin Electric
FELE
$4.84B
| $47.3M | 0.01% |
586,473
+123,440
| +27% | +$10.1M |
|
1002
Autohome
ATHM
$2.62B
| $47.3M | 0.01% |
739,023
-10,666
| -1% | -$877K |
|
|
QTS
1003
DELISTED
QTS REALTY TRUST, INC.
QTS
| $47.1M | 0.01% |
609,086
+59,400
| +11% | +$4.04M |
|
1004
BlackLine
BL
$1.72B
| $46.8M | 0.01% |
420,184
-35,040
| -8% | -$3.83M |
|
1005
United Airlines
UAL
$42.1B
| $46.7M | 0.01% |
893,890
-90,658
| -9% | -$5.03M |
|
|
UMPQ
1006
DELISTED
Umpqua Holdings Corp
UMPQ
| $46.7M | 0.01% |
2,532,528
-113,319
| -4% | -$2.11M |
|
1007
Rithm Capital
RITM
$5.69B
| $46.7M | 0.01% |
4,410,994
-140,866
| -3% | -$1.5M |
|
1008
ZTO Express
ZTO
$17.9B
| $46.7M | 0.01% |
1,538,291
-3,480,768
| -69% | -$107M |
|
1009
Howmet Aerospace
HWM
$112B
| $46.6M | 0.01% |
1,351,203
-886,407
| -40% | -$29.6M |
|
|
DOC
1010
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $46.5M | 0.01% |
2,518,855
-118,123
| -4% | -$2.2M |
|
1011
Coupang
CPNG
$29.2B
| $46.4M | 0.01% |
1,110,633
-1,280,675
| -54% | -$52.4M |
|
1012
iQIYI
IQ
$1.28B
| $46.3M | 0.01% |
2,971,329
+74,488
| +3% | +$1.11M |
|
1013
SouthState Bank Corp
SSB
$10.5B
| $46.3M | 0.01% |
565,900
-75,590
| -12% | -$6.43M |
|
1014
Interactive Brokers
IBKR
$39.8B
| $46M | 0.01% |
2,800,164
-130,740
| -4% | -$2.26M |
|
1015
Kornit Digital
KRNT
$791M
| $45.9M | 0.01% |
368,900
-58,859
| -14% | -$6.22M |
|
1016
Sonos
SONO
$1.85B
| $45.8M | 0.01% |
1,298,602
-534,077
| -29% | -$20M |
|
1017
Avient
AVNT
$4.19B
| $45.7M | 0.01% |
929,789
-37,572
| -4% | -$1.9M |
|
1018
Simpson Manufacturing
SSD
$8.16B
| $45.6M | 0.01% |
413,331
-20,247
| -5% | -$2.24M |
|
1019
Viavi Solutions
VIAV
$9.66B
| $45.6M | 0.01% |
2,582,807
+256,359
| +11% | +$4.33M |
|
1020
Allison Transmission
ALSN
$9.82B
| $45.6M | 0.01% |
1,146,548
| – | – |
|
1021
Globus Medical
GMED
$11.2B
| $45.5M | 0.01% |
587,257
-27,042
| -4% | -$1.92M |
|
1022
Valley National Bancorp
VLY
$8.04B
| $45.4M | 0.01% |
3,381,881
+215,589
| +7% | +$3.01M |
|
1023
TechnipFMC
FTI
$27.3B
| $45.3M | 0.01% |
5,046,469
-4,800,589
| -49% | -$40.6M |
|
1024
First Citizens BancShares
FCNCA
$25.3B
| $45.2M | 0.01% |
54,332
+5,688
| +12% | +$4.85M |
|
1025
FNB Corp
FNB
$6.75B
| $45.2M | 0.01% |
3,669,268
-156,109
| -4% | -$2.03M |
|
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.