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 | |
|---|---|---|---|---|---|---|
1251
Medifast
MED
$141M
| $31M | 0.01% |
109,717
-24,705
| -18% | -$6.69M |
|
1252
Pebblebrook Hotel Trust
PEB
$2.05B
| $31M | 0.01% |
1,316,614
-57,948
| -4% | -$1.36M |
|
1253
Cathay General Bancorp
CATY
$4.24B
| $31M | 0.01% |
787,538
-61,553
| -7% | -$2.53M |
|
1254
Synaptics
SYNA
$4.15B
| $31M | 0.01% |
199,200
-149,890
| -43% | -$20.3M |
|
|
BECN
1255
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $30.9M | 0.01% |
581,063
-18,054
| -3% | -$1.01M |
|
1256
Transocean
RIG
$5.82B
| $30.9M | 0.01% |
6,832,271
| – | – |
|
1257
Iovance Biotherapeutics
IOVA
$2.87B
| $30.9M | 0.01% |
1,185,673
-38,743
| -3% | -$1.01M |
|
|
AZEK
1258
DELISTED
The AZEK Co
AZEK
| $30.8M | 0.01% |
725,943
+81,343
| +13% | +$3.64M |
|
1259
ESCO Technologies
ESE
$7.92B
| $30.8M | 0.01% |
328,344
+82,048
| +33% | +$8.28M |
|
1260
Carnival Corporation Ltd
CCL
$39.7B
| $30.8M | 0.01% |
1,167,376
-2,201,256
| -65% | -$61.6M |
|
1261
CONMED
CNMD
$1.47B
| $30.7M | 0.01% |
223,403
-29,594
| -12% | -$4.05M |
|
1262
Vishay Intertechnology
VSH
$5.43B
| $30.7M | 0.01% |
1,360,162
-69,962
| -5% | -$1.68M |
|
1263
Comfort Systems
FIX
$59.6B
| $30.7M | 0.01% |
389,031
+13,769
| +4% | +$1.12M |
|
1264
Plexus
PLXS
$7.23B
| $30.6M | 0.01% |
335,010
-53,779
| -14% | -$5.04M |
|
1265
LivePerson
LPSN
$32.3M
| $30.5M | 0.01% |
32,187
+517
| +2% | +$436K |
|
1266
Xerox
XRX
$425M
| $30.5M | 0.01% |
1,297,959
-851,969
| -40% | -$20.6M |
|
1267
HealthEquity
HQY
$8.75B
| $30.5M | 0.01% |
378,654
-356,065
| -48% | -$27.1M |
|
1268
Rambus
RMBS
$11B
| $30.5M | 0.01% |
1,284,696
-57,137
| -4% | -$1.15M |
|
|
OPTU
1269
Optimum Communications Inc
OPTU
$301M
| $30.4M | 0.01% |
890,986
-147,627
| -14% | -$5.17M |
|
1270
Abercrombie & Fitch
ANF
$5B
| $30.4M | 0.01% |
653,860
+48,000
| +8% | +$1.93M |
|
1271
NOV
NOV
$7B
| $30.3M | 0.01% |
1,980,697
-261,337
| -12% | -$4.07M |
|
1272
Bank of Hawaii
BOH
$3.13B
| $30.3M | 0.01% |
359,763
-11,552
| -3% | -$1.04M |
|
1273
Mercury Systems
MRCY
$6.52B
| $30.3M | 0.01% |
456,913
-26,168
| -5% | -$1.81M |
|
|
RETA
1274
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $30.2M | 0.01% |
213,497
+19,759
| +10% | +$2.23M |
|
|
VNET
1275
VNET Group
VNET
$2.09B
| $30.1M | 0.01% |
1,311,215
+263,960
| +25% | +$6.72M |
|
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.