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 | |
|---|---|---|---|---|---|---|
1226
Progyny
PGNY
$2.2B
| $32.2M | 0.01% |
545,118
+481,009
| +750% | +$27M |
|
1227
Macerich
MAC
$6.92B
| $32.1M | 0.01% |
1,757,736
+162,644
| +10% | +$2.44M |
|
1228
Ameris Bancorp
ABCB
$5.89B
| $32.1M | 0.01% |
633,305
-35,993
| -5% | -$1.93M |
|
1229
Simmons First National
SFNC
$3.39B
| $32M | 0.01% |
1,091,338
-61,266
| -5% | -$1.83M |
|
|
APPH
1230
DELISTED
AppHarvest, Inc. Common Stock
APPH
| $32M | 0.01% |
2,000,000
| – | – |
|
1231
Graham Holdings Company
GHC
$5.02B
| $32M | 0.01% |
50,439
-9,065
| -15% | -$5.84M |
|
1232
White Mountains Insurance
WTM
$5.13B
| $31.9M | 0.01% |
27,778
-1,715
| -6% | -$2M |
|
|
EQC
1233
DELISTED
Equity Commonwealth
EQC
| $31.9M | 0.01% |
1,216,245
+16,110
| +1% | +$448K |
|
1234
CNO Financial Group
CNO
$5.1B
| $31.8M | 0.01% |
1,345,276
+19,310
| +1% | +$493K |
|
1235
TriNet
TNET
$3.14B
| $31.7M | 0.01% |
437,567
+6,889
| +2% | +$534K |
|
1236
Federal Signal
FSS
$7.83B
| $31.7M | 0.01% |
788,203
-95,465
| -11% | -$3.92M |
|
1237
Moog Inc Class A
MOG.A
$12.8B
| $31.7M | 0.01% |
376,898
+45,230
| +14% | +$3.91M |
|
|
IRBT
1238
DELISTED
iRobot
IRBT
| $31.7M | 0.01% |
339,031
-9,640
| -3% | -$988K |
|
1239
Hilton Grand Vacations
HGV
$3.55B
| $31.6M | 0.01% |
764,317
-16,781
| -2% | -$729K |
|
|
LGF.B
1240
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $31.5M | 0.01% |
1,723,337
-187,978
| -10% | -$2.88M |
|
1241
Insmed
INSM
$28.6B
| $31.5M | 0.01% |
1,105,091
+55,780
| +5% | +$1.66M |
|
1242
EnerSys
ENS
$6.99B
| $31.2M | 0.01% |
319,663
-141,571
| -31% | -$13.2M |
|
1243
8x8 Inc
EGHT
$332M
| $31.2M | 0.01% |
1,123,896
-665,619
| -37% | -$18.9M |
|
|
NSA
1244
DELISTED
National Storage Affiliates Trust
NSA
| $31.2M | 0.01% |
616,911
-44,443
| -7% | -$2.03M |
|
1245
Hecla Mining
HL
$11.3B
| $31.2M | 0.01% |
4,191,479
-341,240
| -8% | -$2.56M |
|
1246
O-I Glass
OI
$1.08B
| $31.2M | 0.01% |
1,909,130
-356,333
| -16% | -$6.04M |
|
1247
Westlake Corp
WLK
$9.9B
| $31.1M | 0.01% |
345,738
+35,068
| +11% | +$3.41M |
|
1248
Nektar Therapeutics
NKTR
$2.58B
| $31.1M | 0.01% |
120,833
-2,813
| -2% | -$779K |
|
1249
Cogent Communications
CCOI
$508M
| $31.1M | 0.01% |
404,082
+72,352
| +22% | +$5.37M |
|
1250
Rackspace Technology
RXT
$1.24B
| $31.1M | 0.01% |
1,583,893
| – | – |
|
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.