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 | |
|---|---|---|---|---|---|---|
|
JOBS
1376
DELISTED
51job Inc
JOBS
| $26M | 0.01% |
334,416
-15,850
| -5% | -$1.11M |
|
1377
Sensient Technologies
SXT
$5.53B
| $26M | 0.01% |
300,233
-139,891
| -32% | -$11.9M |
|
|
MDC
1378
DELISTED
M.D.C. Holdings, Inc.
MDC
| $26M | 0.01% |
513,102
-70,261
| -12% | -$4.02M |
|
1379
Merit Medical Systems
MMSI
$5.32B
| $25.9M | 0.01% |
400,906
-22,869
| -5% | -$1.41M |
|
|
BAND
1380
Bandwidth Inc
BAND
$1.61B
| $25.9M | 0.01% |
187,931
+33,124
| +21% | +$4.16M |
|
1381
OR Royalties Inc
OR
$6.2B
| $25.9M | 0.01% |
1,890,851
-186,898
| -9% | -$2.5M |
|
1382
Maravai LifeSciences
MRVI
$919M
| $25.9M | 0.01% |
+620,781
| New | +$24.1M |
|
1383
Artisan Partners
APAM
$3.02B
| $25.9M | 0.01% |
509,613
-118,526
| -19% | -$6.23M |
|
1384
Iridium Communications
IRDM
$5.29B
| $25.8M | 0.01% |
645,331
-372,540
| -37% | -$14.5M |
|
|
MIME
1385
DELISTED
Mimecast Limited
MIME
| $25.8M | 0.01% |
486,380
| – | – |
|
1386
Commercial Metals
CMC
$8.31B
| $25.8M | 0.01% |
839,491
-462,321
| -36% | -$14.3M |
|
1387
Hawaiian Electric Industries
HE
$2.14B
| $25.8M | 0.01% |
609,233
-124,306
| -17% | -$5.38M |
|
1388
First Financial Bancorp
FFBC
$3.53B
| $25.7M | 0.01% |
1,089,289
-56,218
| -5% | -$1.4M |
|
1389
RLJ Lodging Trust
RLJ
$1.69B
| $25.7M | 0.01% |
1,689,762
-41,488
| -2% | -$647K |
|
|
FMBI
1390
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $25.7M | 0.01% |
1,295,380
-28,066
| -2% | -$591K |
|
1391
Sprouts Farmers Market
SFM
$8.01B
| $25.7M | 0.01% |
1,033,390
-216,194
| -17% | -$5.77M |
|
1392
ATI
ATI
$31B
| $25.6M | 0.01% |
1,229,316
-31,684
| -3% | -$727K |
|
1393
BOK Financial
BOKF
$8.74B
| $25.6M | 0.01% |
295,879
-32,101
| -10% | -$2.87M |
|
|
PRFT
1394
DELISTED
Perficient Inc
PRFT
| $25.6M | 0.01% |
317,896
-82,000
| -21% | -$5.78M |
|
|
DAY
1395
DELISTED
Dayforce
DAY
| $25.6M | 0.01% |
266,491
+104,909
| +65% | +$9.47M |
|
1396
Atmos Energy
ATO
$28.8B
| $25.4M | 0.01% |
263,938
-215,271
| -45% | -$21.6M |
|
|
ENV
1397
DELISTED
ENVESTNET, INC.
ENV
| $25.3M | 0.01% |
334,003
-145,244
| -30% | -$10.7M |
|
|
TWOU
1398
DELISTED
2U Inc
TWOU
| $25.2M | 0.01% |
20,173
-2,312
| -10% | -$2.67M |
|
|
LTHM
1399
DELISTED
Livent Corporation
LTHM
| $25.1M | 0.01% |
1,296,024
+58,634
| +5% | +$1.07M |
|
1400
Virtus Investment Partners
VRTS
$1.1B
| $25M | 0.01% |
89,958
+7,564
| +9% | +$2.05M |
|
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.