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 | |
|---|---|---|---|---|---|---|
1176
Blackbaud
BLKB
$2.08B
| $34.9M | 0.01% |
456,310
-108,771
| -19% | -$7.84M |
|
1177
Howard Hughes
HHH
$4.03B
| $34.9M | 0.01% |
375,445
-39,410
| -9% | -$3.9M |
|
1178
RLI Corp
RLI
$5.89B
| $34.7M | 0.01% |
663,096
-11,936
| -2% | -$649K |
|
1179
Hain Celestial
HAIN
$53.7M
| $34.7M | 0.01% |
863,972
-28,581
| -3% | -$1.18M |
|
1180
Insight Enterprises
NSIT
$4.38B
| $34.6M | 0.01% |
345,556
-65,207
| -16% | -$6.59M |
|
1181
Liberty Media Series A
FWONA
$23.6B
| $34.5M | 0.01% |
845,180
| – | – |
|
|
DOO
1182
Bombardier Recreational Products
DOO
$4.77B
| $34.4M | 0.01% |
439,965
-39,894
| -8% | -$3.37M |
|
|
PPBI
1183
DELISTED
Pacific Premier Bancorp
PPBI
| $34.4M | 0.01% |
813,874
+149,009
| +22% | +$6.62M |
|
1184
Cracker Barrel
CBRL
$1.29B
| $34.4M | 0.01% |
231,822
-12,568
| -5% | -$2.02M |
|
1185
Viasat
VSAT
$11.1B
| $34.4M | 0.01% |
689,792
+28,822
| +4% | +$1.43M |
|
1186
MaxLinear
MXL
$6.8B
| $34.3M | 0.01% |
808,280
-24,017
| -3% | -$896K |
|
|
SUM
1187
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $34.2M | 0.01% |
997,649
-297,606
| -23% | -$9.38M |
|
1188
EXL Service
EXLS
$5.29B
| $34.1M | 0.01% |
1,606,690
-208,990
| -12% | -$4.15M |
|
1189
Silgan Holdings
SLGN
$4.41B
| $34.1M | 0.01% |
822,121
+26,911
| +3% | +$1.14M |
|
|
HI
1190
DELISTED
Hillenbrand
HI
| $34M | 0.01% |
771,960
| – | – |
|
1191
MSC Industrial Direct
MSM
$6.86B
| $34M | 0.01% |
378,861
-125,702
| -25% | -$11.5M |
|
1192
LGI Homes
LGIH
$1.4B
| $33.9M | 0.01% |
209,538
+478
| +0.2% | +$79.1K |
|
1193
National Vision
EYE
$1.81B
| $33.9M | 0.01% |
662,447
-10,388
| -2% | -$510K |
|
1194
Houlihan Lokey
HLI
$9.02B
| $33.8M | 0.01% |
413,735
-25,467
| -6% | -$1.84M |
|
|
PCH
1195
DELISTED
PotlatchDeltic
PCH
| $33.8M | 0.01% |
635,699
-38,810
| -6% | -$2.24M |
|
1196
Columbia Sportswear
COLM
$2.94B
| $33.8M | 0.01% |
343,175
+102,996
| +43% | +$10.8M |
|
1197
Upbound Group
UPBD
$1.16B
| $33.7M | 0.01% |
635,817
+86,123
| +16% | +$5M |
|
1198
PROG Holdings
PRG
$1.71B
| $33.7M | 0.01% |
699,787
-37,673
| -5% | -$1.87M |
|
1199
Apple Hospitality REIT
APLE
$3.82B
| $33.6M | 0.01% |
2,201,840
-43,648
| -2% | -$678K |
|
1200
Antero Midstream
AM
$10.1B
| $33.6M | 0.01% |
3,232,636
-95,082
| -3% | -$908K |
|
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.