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 | |
|---|---|---|---|---|---|---|
1026
WillScot Mobile Mini Holdings
WSC
$4.41B
| $45.2M | 0.01% |
1,622,404
-760,293
| -32% | -$21.9M |
|
1027
UFP Industries
UFPI
$5.19B
| $45.1M | 0.01% |
606,533
-49,945
| -8% | -$3.94M |
|
1028
EPR Properties
EPR
$4.77B
| $45M | 0.01% |
854,380
-18,470
| -2% | -$918K |
|
1029
Alarm.com
ALRM
$2.85B
| $45M | 0.01% |
531,289
-24,183
| -4% | -$2.07M |
|
1030
Lumentum
LITE
$69.3B
| $44.9M | 0.01% |
546,895
-160,127
| -23% | -$13.5M |
|
1031
Harley-Davidson
HOG
$2.71B
| $44.8M | 0.01% |
978,538
-391,411
| -29% | -$18.2M |
|
1032
Signet Jewelers
SIG
$3.76B
| $44.8M | 0.01% |
554,889
-13,228
| -2% | -$856K |
|
1033
Adient
ADNT
$1.5B
| $44.8M | 0.01% |
990,677
+49,483
| +5% | +$2.31M |
|
|
LHCG
1034
DELISTED
LHC Group LLC
LHCG
| $44.8M | 0.01% |
223,567
-22,973
| -9% | -$4.61M |
|
1035
Boyd Gaming
BYD
$6.06B
| $44.7M | 0.01% |
726,478
-105,819
| -13% | -$6.67M |
|
1036
DigitalBridge
DBRG
$2.95B
| $44.6M | 0.01% |
1,412,407
-28,977
| -2% | -$828K |
|
1037
Meritage Homes
MTH
$4.86B
| $44.6M | 0.01% |
947,646
-176,158
| -16% | -$8.89M |
|
1038
Southwest Gas
SWX
$6.67B
| $44.5M | 0.01% |
672,071
+19,347
| +3% | +$1.32M |
|
|
DISCK
1039
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $44.3M | 0.01% |
1,529,093
-2,118,535
| -58% | -$65.8M |
|
1040
Ollie's Bargain Outlet
OLLI
$4.94B
| $44.3M | 0.01% |
526,333
+38,335
| +8% | +$3.34M |
|
|
OSH
1041
DELISTED
Oak Street Health, Inc.
OSH
| $44.2M | 0.01% |
754,617
+191,044
| +34% | +$11.4M |
|
|
BCPC
1042
Balchem Corp
BCPC
$5.72B
| $44.2M | 0.01% |
336,490
-49,959
| -13% | -$6.43M |
|
1043
H&R Block
HRB
$5.86B
| $44M | 0.01% |
1,872,891
-325,523
| -15% | -$7.71M |
|
1044
Korn Ferry
KFY
$4.28B
| $44M | 0.01% |
605,887
-4,814
| -0.8% | -$320K |
|
|
SEM
1045
DELISTED
Select Medical
SEM
| $43.9M | 0.01% |
1,927,382
+18,163
| +1% | +$377K |
|
1046
AMN Healthcare
AMN
$1.4B
| $43.9M | 0.01% |
452,186
-5,044
| -1% | -$438K |
|
1047
Virgin Galactic
SPCE
$398M
| $43.8M | 0.01% |
47,629
+22,494
| +89% | +$12.8M |
|
1048
Resideo Technologies
REZI
$3.95B
| $43.8M | 0.01% |
1,459,369
-84,069
| -5% | -$2.49M |
|
1049
FTI Consulting
FCN
$4.18B
| $43.7M | 0.01% |
320,235
-36,284
| -10% | -$5.11M |
|
1050
OGE Energy
OGE
$9.71B
| $43.6M | 0.01% |
1,296,541
-52,769
| -4% | -$1.78M |
|
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.