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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+9.04%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$461B
AUM Growth
+$24.5B
Cap. Flow
-$9.73B
Cap. Flow %
-2.11%
Top 10 Hldgs %
22.33%
Holding
2,310
New
183
Increased
607
Reduced
1,278
Closed
104

Top Buys

Rank Stock Value
1
UDR icon
UDR
UDR
+$330M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$329M
3
ARE icon
Alexandria Real Estate Equities
ARE
+$327M
4
INVH icon
Invitation Homes
INVH
+$309M
5
TSLA icon
Tesla
TSLA
+$260M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$970M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$928M
3
C icon
Citigroup
C
+$368M
4
LIN icon
Linde
LIN
+$354M
5
BRK.B icon
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
PRGS icon
1401
Progress Software
PRGS
$1.76B
$25M 0.01%
539,662
+40,101
+8% +$1.82M
HLIO icon
1402
Helios Technologies
HLIO
$2.76B
$25M 0.01%
319,677
+68,417
+27% +$5.01M
FOE
1403
DELISTED
Ferro Corporation
FOE
$24.9M 0.01%
1,154,877
+307,280
+36% +$6.04M
AX icon
1404
Axos Financial
AX
$5.68B
$24.9M 0.01%
535,693
-48,240
-8% -$2.25M
EBC icon
1405
Eastern Bankshares
EBC
$5.23B
$24.8M 0.01%
1,204,680
+1,067,820
+780% +$22.6M
ALTR
1406
DELISTED
Altair Engineering Inc
ALTR
$24.8M 0.01%
359,253
+60,926
+20% +$4M
HTH icon
1407
Hilltop Holdings
HTH
$2.24B
$24.8M 0.01%
680,165
-64,330
-9% -$2.3M
WWE
1408
DELISTED
World Wrestling Entertainment
WWE
$24.7M 0.01%
427,489
-73,670
-15% -$4.19M
NARI
1409
DELISTED
Inari Medical, Inc. Common Stock
NARI
$24.7M 0.01%
264,677
+140,276
+113% +$13.6M
RAMP icon
1410
LiveRamp
RAMP
$2.3B
$24.7M 0.01%
526,752
-58,815
-10% -$2.83M
MANT
1411
DELISTED
Mantech International Corp
MANT
$24.7M 0.01%
285,072
-49,487
-15% -$4.28M
ATRC icon
1412
AtriCure
ATRC
$2.11B
$24.6M 0.01%
310,186
+2,987
+1% +$217K
BLMN icon
1413
Bloomin' Brands
BLMN
$938M
$24.5M 0.01%
903,398
+27,631
+3% +$782K
HLNE icon
1414
Hamilton Lane
HLNE
$5.57B
$24.5M 0.01%
268,621
+25,337
+10% +$2.29M
MWA icon
1415
Mueller Water Products
MWA
$4.16B
$24.4M 0.01%
1,691,294
-55,109
-3% -$791K
CWT icon
1416
California Water Service
CWT
$3.12B
$24.3M 0.01%
436,640
-53,241
-11% -$3.07M
BMI icon
1417
Badger Meter
BMI
$4.03B
$24.2M 0.01%
246,945
-8,010
-3% -$757K
LEN.B icon
1418
Lennar Class B
LEN.B
$20.8B
$24.2M 0.01%
312,876
+10,648
+4% +$805K
SJI
1419
DELISTED
South Jersey Industries, Inc.
SJI
$24.2M 0.01%
932,572
-117,079
-11% -$3.02M
JJSF icon
1420
J&J Snack Foods
JJSF
$1.71B
$24.1M 0.01%
138,298
-11,997
-8% -$2.02M
CVBF icon
1421
CVB Financial
CVBF
$3.99B
$24.1M 0.01%
1,171,056
-125,456
-10% -$2.74M
PDM
1422
Piedmont Realty Trust
PDM
$1.19B
$24.1M 0.01%
1,303,800
-61,629
-5% -$1.15M
AUB icon
1423
Atlantic Union Bankshares
AUB
$5.97B
$24.1M 0.01%
664,744
+2,975
+0.4% +$117K
BRSL
1424
Brightstar Lottery PLC
BRSL
$2.03B
$24.1M 0.01%
1,004,855
-179,244
-15% -$3.75M
KC
1425
Kingsoft Cloud Holdings
KC
$3.69B
$24.1M 0.01%
+709,420
New +$28.4M
55 56
57
58 59

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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.