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 | |
|---|---|---|---|---|---|---|
1276
John Wiley & Sons Class A
WLY
$2.66B
| $30.1M | 0.01% |
499,579
-13,914
| -3% | -$828K |
|
1277
Rapid7
RPD
$773M
| $30M | 0.01% |
317,396
-190,586
| -38% | -$16.1M |
|
|
PRMW
1278
DELISTED
Primo Water Corporation
PRMW
| $30M | 0.01% |
1,794,560
| – | – |
|
1279
Commault Systems
CVLT
$5.61B
| $29.9M | 0.01% |
382,612
-2,505
| -0.7% | -$182K |
|
1280
Federated Hermes
FHI
$4.72B
| $29.9M | 0.01% |
880,843
-50,858
| -5% | -$1.62M |
|
1281
Timken Company
TKR
$9.03B
| $29.8M | 0.01% |
369,842
-234,707
| -39% | -$19.9M |
|
1282
Essential Properties Realty Trust
EPRT
$6.62B
| $29.7M | 0.01% |
1,098,509
-27,042
| -2% | -$703K |
|
1283
Group 1 Automotive
GPI
$3.18B
| $29.7M | 0.01% |
192,344
-7,503
| -4% | -$1.2M |
|
1284
Brookfield Infrastructure
BIPC
$4.85B
| $29.7M | 0.01% |
590,567
+2,474
| +0.4% | +$119K |
|
1285
Texas Capital Bancshares
TCBI
$4.32B
| $29.6M | 0.01% |
466,717
-12,639
| -3% | -$852K |
|
1286
Herc Holdings
HRI
$5.61B
| $29.5M | 0.01% |
262,978
+1,915
| +0.7% | +$203K |
|
1287
Urban Outfitters
URBN
$6.59B
| $29.4M | 0.01% |
714,151
+18,599
| +3% | +$701K |
|
1288
Wingstop
WING
$3.18B
| $29.4M | 0.01% |
186,583
+2,734
| +1% | +$394K |
|
|
SIX
1289
DELISTED
Six Flags Entertainment Corp.
SIX
| $29.4M | 0.01% |
679,414
-28,449
| -4% | -$1.28M |
|
1290
Walker & Dunlop
WD
$1.53B
| $29.4M | 0.01% |
281,457
-21,474
| -7% | -$2.25M |
|
1291
Brady Corp
BRC
$4.57B
| $29.4M | 0.01% |
523,963
-11,806
| -2% | -$664K |
|
|
AEL
1292
DELISTED
American Equity Investment Life Holding Company
AEL
| $29.3M | 0.01% |
908,073
-96,811
| -10% | -$3.06M |
|
1293
Yelp
YELP
$1.41B
| $29.3M | 0.01% |
733,846
-34,836
| -5% | -$1.38M |
|
1294
Moelis & Co
MC
$4.94B
| $29.3M | 0.01% |
515,117
+67,976
| +15% | +$3.69M |
|
1295
Quaker Houghton
KWR
$2.92B
| $29.2M | 0.01% |
123,175
-12,804
| -9% | -$3.06M |
|
1296
Werner Enterprises
WERN
$2.25B
| $29.2M | 0.01% |
655,214
-38,361
| -6% | -$1.79M |
|
1297
LCI Industries
LCII
$2.65B
| $29.2M | 0.01% |
221,837
-95,805
| -30% | -$13.4M |
|
1298
Kratos Defense & Security Solutions
KTOS
$11.4B
| $29.1M | 0.01% |
1,022,658
-56,737
| -5% | -$1.5M |
|
1299
Simply Good Foods
SMPL
$982M
| $29.1M | 0.01% |
796,924
-87,777
| -10% | -$3M |
|
1300
Gibraltar Industries
ROCK
$1.49B
| $29M | 0.01% |
380,235
-6,239
| -2% | -$516K |
|
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.