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 | |
|---|---|---|---|---|---|---|
|
SWTX
1051
DELISTED
SpringWorks Therapeutics
SWTX
| $43.6M | 0.01% |
528,966
+92,631
| +21% | +$7.03M |
|
|
AL
1052
DELISTED
Air Lease Corp
AL
| $43.6M | 0.01% |
1,043,600
-58,268
| -5% | -$2.71M |
|
1053
Advanced Energy
AEIS
$13B
| $43.5M | 0.01% |
385,528
-18,967
| -5% | -$2.01M |
|
1054
TG Therapeutics
TGTX
$7.62B
| $43.4M | 0.01% |
1,118,783
+46,937
| +4% | +$1.84M |
|
1055
Rayonier
RYN
$6.55B
| $43.3M | 0.01% |
1,329,246
-11,153
| -0.8% | -$366K |
|
1056
Eagle Materials
EXP
$6.57B
| $43.3M | 0.01% |
304,547
-130,184
| -30% | -$18.7M |
|
1057
KB Home
KBH
$3.59B
| $43.1M | 0.01% |
1,058,299
+85,323
| +9% | +$3.94M |
|
|
AY
1058
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $43.1M | 0.01% |
1,157,157
-578,983
| -33% | -$21.5M |
|
1059
Alkermes
ALKS
$8.25B
| $43.1M | 0.01% |
1,756,435
+84,550
| +5% | +$1.88M |
|
1060
Nomad Foods
NOMD
$1.68B
| $43M | 0.01% |
1,519,601
-696,977
| -31% | -$20.5M |
|
1061
Carter's
CRI
$1.47B
| $42.9M | 0.01% |
416,202
-34,459
| -8% | -$3.51M |
|
1062
Coherent
COHR
$74.2B
| $42.9M | 0.01% |
591,309
-534,510
| -47% | -$37.6M |
|
1063
ACI Worldwide
ACIW
$5.42B
| $42.9M | 0.01% |
1,154,357
-208,677
| -15% | -$8.16M |
|
1064
LivaNova
LIVN
$4.2B
| $42.7M | 0.01% |
507,804
-37,102
| -7% | -$3.06M |
|
1065
Innovative Industrial Properties
IIPR
$1.72B
| $42.7M | 0.01% |
223,399
+4,297
| +2% | +$788K |
|
1066
Hancock Whitney
HWC
$6.24B
| $42.7M | 0.01% |
959,902
-113,837
| -11% | -$5.3M |
|
1067
Fastly Inc
FSLY
$3.66B
| $42.6M | 0.01% |
715,125
+40,950
| +6% | +$2.33M |
|
1068
Ryder
R
$10.1B
| $42.6M | 0.01% |
573,196
-36,762
| -6% | -$2.91M |
|
1069
Agree Realty
ADC
$9.41B
| $42.6M | 0.01% |
604,342
+22,698
| +4% | +$1.59M |
|
1070
Fox Factory Holding Corp
FOXF
$886M
| $42.3M | 0.01% |
271,686
-65,367
| -19% | -$9.72M |
|
1071
FormFactor
FORM
$9.17B
| $41.9M | 0.01% |
1,149,957
+193,135
| +20% | +$7.61M |
|
1072
Terreno Realty
TRNO
$7.49B
| $41.9M | 0.01% |
649,520
-42,108
| -6% | -$2.68M |
|
|
BLDP
1073
Ballard Power Systems
BLDP
$790M
| $41.8M | 0.01% |
2,307,483
-209,942
| -8% | -$3.9M |
|
1074
Perrigo
PRGO
$1.78B
| $41.8M | 0.01% |
911,878
-198,334
| -18% | -$8.79M |
|
|
MNDT
1075
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $41.8M | 0.01% |
2,065,948
-340,995
| -14% | -$6.99M |
|
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.