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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+9.04%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$461B
AUM Growth
+$24.5B
Cap. Flow
-$9.73B
Cap. Flow %
-2.11%
Top 10 Hldgs %
22.33%
Holding
2,310
New
183
Increased
607
Reduced
1,278
Closed
104

Top Buys

Rank Stock Value
1
UDR icon
UDR
UDR
+$330M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$329M
3
ARE icon
Alexandria Real Estate Equities
ARE
+$327M
4
INVH icon
Invitation Homes
INVH
+$309M
5
TSLA icon
Tesla
TSLA
+$260M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$970M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$928M
3
C icon
Citigroup
C
+$368M
4
LIN icon
Linde
LIN
+$354M
5
BRK.B icon
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
AXS icon
1101
AXIS Capital
AXS
$7.55B
$39.9M 0.01%
814,116
-110,938
-12% -$5.89M
GBCI icon
1102
Glacier Bancorp
GBCI
$6.35B
$39.9M 0.01%
724,149
-171,136
-19% -$10M
RHP icon
1103
Ryman Hospitality Properties
RHP
$7.63B
$39.9M 0.01%
504,885
-6,570
-1% -$509K
SBRA icon
1104
Sabra Healthcare REIT
SBRA
$5.37B
$39.8M 0.01%
2,187,908
-139,150
-6% -$2.48M
LOPE icon
1105
Grand Canyon Education
LOPE
$3.98B
$39.8M 0.01%
442,441
+104,898
+31% +$10.4M
ARNA
1106
DELISTED
Arena Pharmaceuticals Inc
ARNA
$39.8M 0.01%
582,965
-13,562
-2% -$884K
KLIC icon
1107
Kulicke & Soffa
KLIC
$4.78B
$39.6M 0.01%
647,207
-28,484
-4% -$1.53M
UMBF icon
1108
UMB Financial
UMBF
$11.1B
$39.5M 0.01%
424,409
-25,446
-6% -$2.42M
BB icon
1109
BlackBerry
BB
$5.26B
$39.4M 0.01%
3,225,051
-2,526,599
-44% -$26.5M
LXP icon
1110
LXP Industrial Trust
LXP
$3.57B
$39.3M 0.01%
658,529
-15,364
-2% -$935K
FTDR icon
1111
Frontdoor
FTDR
$6.26B
$39.3M 0.01%
789,376
-31,457
-4% -$1.66M
NOVT icon
1112
Novanta
NOVT
$6.29B
$39.2M 0.01%
291,150
-29,105
-9% -$3.92M
SMTC icon
1113
Semtech
SMTC
$13B
$38.8M 0.01%
564,224
-18,951
-3% -$1.25M
FLO icon
1114
Flowers Foods
FLO
$1.57B
$38.8M 0.01%
1,603,986
-470,154
-23% -$11.4M
UNF icon
1115
Unifirst Corp
UNF
$5.25B
$38.7M 0.01%
164,806
-18,944
-10% -$4.25M
ETRN
1116
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$38.5M 0.01%
4,526,170
-111,458
-2% -$944K
WBT
1117
DELISTED
Welbilt, Inc.
WBT
$38.4M 0.01%
1,660,573
+498,805
+43% +$10.6M
LII icon
1118
Lennox International
LII
$15.2B
$38.4M 0.01%
109,532
-230,577
-68% -$77.8M
AIMC
1119
DELISTED
Altra Industrial Motion Corp
AIMC
$38.4M 0.01%
590,567
-187,385
-24% -$11.9M
IRTC icon
1120
iRhythm Holdings
IRTC
$4.2B
$38.2M 0.01%
575,072
+296,576
+106% +$23.5M
NEOG icon
1121
Neogen
NEOG
$2.5B
$38.1M 0.01%
827,028
-205,552
-20% -$9.5M
WEN icon
1122
Wendy's
WEN
$1.46B
$38M 0.01%
1,620,393
+42,013
+3% +$965K
PINC
1123
DELISTED
Premier
PINC
$37.9M 0.01%
1,088,320
-111,538
-9% -$3.85M
GRA
1124
DELISTED
W.R. Grace & Co.
GRA
$37.8M 0.01%
547,509
-33,195
-6% -$2.24M
ASB icon
1125
Associated Banc-Corp
ASB
$5.91B
$37.8M 0.01%
1,843,871
-258,128
-12% -$5.7M
43 44
45
46 47

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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.