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 | |
|---|---|---|---|---|---|---|
|
CVAC
1426
DELISTED
CureVac
CVAC
| $24.1M | 0.01% |
327,444
-163,344
| -33% | -$16.3M |
|
1427
Virtu Financial
VIRT
$4.93B
| $24M | 0.01% |
868,705
+281,503
| +48% | +$8.37M |
|
1428
Arcosa
ACA
$7.11B
| $24M | 0.01% |
408,232
-56,704
| -12% | -$3.51M |
|
1429
Piper Sandler
PIPR
$5.29B
| $23.9M | 0.01% |
738,872
-53,656
| -7% | -$1.64M |
|
|
AVYA
1430
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $23.9M | 0.01% |
889,120
| – | – |
|
1431
Stepan Co
SCL
$1.48B
| $23.9M | 0.01% |
198,387
-3,523
| -2% | -$461K |
|
1432
Forward Air
FWRD
$654M
| $23.8M | 0.01% |
265,068
-6,375
| -2% | -$587K |
|
1433
Urban Edge Properties
UE
$2.73B
| $23.7M | 0.01% |
1,242,411
-100,001
| -7% | -$1.89M |
|
|
ARI
1434
Apollo Commercial Real Estate
ARI
$885M
| $23.7M | 0.01% |
1,486,640
-132,139
| -8% | -$2.04M |
|
1435
Editas Medicine
EDIT
$442M
| $23.7M | 0.01% |
418,547
-182,182
| -30% | -$6.73M |
|
1436
Stratasys
SSYS
$774M
| $23.7M | 0.01% |
916,336
-324,358
| -26% | -$7.38M |
|
1437
NETSCOUT
NTCT
$2.79B
| $23.7M | 0.01% |
829,539
-53,591
| -6% | -$1.52M |
|
1438
Cannae Holdings
CNNE
$649M
| $23.6M | 0.01% |
695,997
-117,455
| -14% | -$4.38M |
|
|
KW
1439
DELISTED
Kennedy-Wilson Holdings
KW
| $23.5M | 0.01% |
1,184,515
-106,808
| -8% | -$2.16M |
|
|
ONEM
1440
DELISTED
1Life Healthcare
ONEM
| $23.5M | 0.01% |
709,648
+148,231
| +26% | +$5.59M |
|
|
OPLN
1441
Openlane
OPLN
$4.54B
| $23.4M | 0.01% |
1,334,583
-76,032
| -5% | -$1.29M |
|
1442
CareTrust REIT
CTRE
$9.74B
| $23.3M | 0.01% |
1,003,949
-47,567
| -5% | -$1.12M |
|
|
HOUS
1443
DELISTED
Anywhere Real Estate
HOUS
| $23.3M | 0.01% |
1,279,339
-84,633
| -6% | -$1.45M |
|
1444
Allegiant Air
ALGT
$2.57B
| $23.3M | 0.01% |
120,085
+93,384
| +350% | +$20.9M |
|
|
SYKE
1445
DELISTED
SYKES Enterprises Inc
SYKE
| $23.2M | 0.01% |
432,407
-13,039
| -3% | -$580K |
|
1446
Jack in the Box
JACK
$335M
| $23.2M | 0.01% |
208,308
-28,006
| -12% | -$3.27M |
|
1447
Replimune Group
REPL
$1.01B
| $23.1M | 0.01% |
601,445
| – | – |
|
1448
Alibaba
BABA
$308B
| $23.1M | 0.01% |
101,891
-39,000
| -28% | -$8.66M |
|
1449
World Kinect Corp
WKC
$1.86B
| $23.1M | 0.01% |
727,971
-16,789
| -2% | -$558K |
|
|
NAV
1450
DELISTED
Navistar International
NAV
| $23.1M | 0.01% |
518,422
-526,130
| -50% | -$23.3M |
|
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.