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 | |
|---|---|---|---|---|---|---|
101
General Motors
GM
$77.7B
| $842M | 0.18% |
14,233,485
+1,271,901
| +10% | +$74.8M |
|
102
Stryker
SYK
$128B
| $837M | 0.18% |
3,224,099
-76,190
| -2% | -$19.5M |
|
103
Zoetis
ZTS
$31B
| $837M | 0.18% |
4,490,179
-101,330
| -2% | -$17.6M |
|
104
Crown Castle
CCI
$31.7B
| $835M | 0.18% |
4,280,670
+68,714
| +2% | +$12.9M |
|
105
Prologis
PLD
$131B
| $832M | 0.18% |
6,962,036
+75,450
| +1% | +$8.82M |
|
|
106
Alphabet (Google) Class C
GOOG
$4.42T
| $816M | 0.18% |
6,510,800
-7,785,680
| -54% | -$928M |
|
107
TJX Companies
TJX
$176B
| $808M | 0.18% |
11,989,414
-411,796
| -3% | -$28.1M |
|
108
Sempra
SRE
$55.4B
| $804M | 0.17% |
12,140,726
-622,496
| -5% | -$42.6M |
|
109
NIO
NIO
$11.7B
| $803M | 0.17% |
15,086,743
-254,362
| -2% | -$10.2M |
|
110
Uber
UBER
$137B
| $799M | 0.17% |
15,932,642
+1,881,521
| +13% | +$98.3M |
|
111
US Bancorp
USB
$100B
| $792M | 0.17% |
13,907,503
-165,514
| -1% | -$9.71M |
|
|
112
Invitation Homes
INVH
$18B
| $792M | 0.17% |
21,239,462
+8,736,357
| +70% | +$309M |
|
|
ATVI
113
DELISTED
Activision Blizzard
ATVI
| $791M | 0.17% |
8,289,605
-264,880
| -3% | -$25.1M |
|
114
Fidelity National Information Services
FIS
$22.2B
| $784M | 0.17% |
5,532,093
-210,734
| -4% | -$31.3M |
|
115
Alcon
ALC
$34.2B
| $779M | 0.17% |
11,121,250
-174,750
| -2% | -$12.4M |
|
116
GE Aerospace
GE
$395B
| $777M | 0.17% |
11,578,141
-2,031,490
| -15% | -$136M |
|
117
Scotiabank
BNS
$108B
| $752M | 0.16% |
11,568,424
-932,010
| -7% | -$60.3M |
|
118
Estee Lauder
EL
$31.6B
| $751M | 0.16% |
2,359,718
-82,246
| -3% | -$24.9M |
|
119
Charter Communications
CHTR
$18.1B
| $745M | 0.16% |
1,032,597
-51,094
| -5% | -$34.4M |
|
120
Illinois Tool Works
ITW
$85.1B
| $741M | 0.16% |
3,312,361
-110,813
| -3% | -$25.4M |
|
121
Moderna
MRNA
$22.7B
| $737M | 0.16% |
3,135,597
+747,612
| +31% | +$134M |
|
122
CSX Corp
CSX
$94.4B
| $735M | 0.16% |
22,920,519
+460,110
| +2% | +$15.2M |
|
123
Edwards Lifesciences
EW
$51.1B
| $734M | 0.16% |
7,090,284
+42,537
| +0.6% | +$4.01M |
|
124
Bank of Montreal
BMO
$127B
| $725M | 0.16% |
7,071,351
-83,480
| -1% | -$8.24M |
|
125
Truist Financial
TFC
$64.7B
| $724M | 0.16% |
13,040,057
-751,610
| -5% | -$44.2M |
|
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.