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 | |
|---|---|---|---|---|---|---|
1501
PennyMac Financial
PFSI
$4.02B
| $21.1M | ﹤0.01% |
342,547
-16,124
| -4% | -$980K |
|
|
TSE
1502
DELISTED
Trinseo
TSE
| $21.1M | ﹤0.01% |
353,027
-22,969
| -6% | -$1.47M |
|
1503
InterDigital
IDCC
$8.89B
| $21.1M | ﹤0.01% |
289,212
-63,698
| -18% | -$4.71M |
|
1504
Empire State Realty Trust
ESRT
$836M
| $21.1M | ﹤0.01% |
1,759,662
-13,942
| -0.8% | -$164K |
|
1505
Corcept Therapeutics
CORT
$12B
| $21.1M | ﹤0.01% |
958,675
+36,421
| +4% | +$810K |
|
1506
OSI Systems
OSIS
$3.89B
| $21M | ﹤0.01% |
207,052
-45,633
| -18% | -$4.44M |
|
|
XM
1507
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
| $21M | ﹤0.01% |
549,810
-74,764
| -12% | -$2.62M |
|
1508
Cheesecake Factory
CAKE
$5.33B
| $21M | ﹤0.01% |
386,842
-2,410
| -0.6% | -$139K |
|
1509
Diamondrock Hospitality Co
DRH
$2.56B
| $20.9M | ﹤0.01% |
2,158,901
-101,227
| -4% | -$1.02M |
|
1510
Renasant Corp
RNST
$3.91B
| $20.8M | ﹤0.01% |
520,954
-42,094
| -7% | -$1.79M |
|
1511
LendingTree
TREE
$451M
| $20.8M | ﹤0.01% |
98,184
-14,342
| -13% | -$3.02M |
|
1512
Snap
SNAP
$9.01B
| $20.8M | ﹤0.01% |
+304,700
| New | +$18.3M |
|
|
RAVN
1513
DELISTED
Raven Industries Inc
RAVN
| $20.7M | ﹤0.01% |
357,374
-71,514
| -17% | -$3.11M |
|
1514
Methanex
MEOH
$4.12B
| $20.7M | ﹤0.01% |
623,636
-28,487
| -4% | -$1.05M |
|
1515
Kaiser Aluminum
KALU
$3.02B
| $20.6M | ﹤0.01% |
167,072
-19,647
| -11% | -$2.45M |
|
1516
Aaon
AAON
$7.77B
| $20.6M | ﹤0.01% |
494,132
-81,573
| -14% | -$3.59M |
|
1517
Four Corners Property Trust
FCPT
$2.75B
| $20.6M | ﹤0.01% |
745,154
-72,110
| -9% | -$2.04M |
|
1518
Acadia Realty Trust
AKR
$2.84B
| $20.6M | ﹤0.01% |
936,545
-35,545
| -4% | -$754K |
|
|
CELL
1519
DELISTED
PhenomeX Inc. Common Stock
CELL
| $20.5M | ﹤0.01% |
457,579
+237,070
| +108% | +$11M |
|
1520
HNI Corp
HNI
$3.59B
| $20.4M | ﹤0.01% |
464,991
+31,857
| +7% | +$1.38M |
|
1521
Telephone and Data Systems
TDS
$3.75B
| $20.4M | ﹤0.01% |
901,944
-237,763
| -21% | -$5.79M |
|
|
SASR
1522
DELISTED
Sandy Spring Bancorp Inc
SASR
| $20.4M | ﹤0.01% |
462,245
+51,954
| +13% | +$2.36M |
|
|
SVC
1523
Service Properties Trust
SVC
$1.07B
| $20.4M | ﹤0.01% |
323,615
-34,537
| -10% | -$2.14M |
|
1524
Worthington Enterprises
WOR
$2.86B
| $20.4M | ﹤0.01% |
540,392
+40,819
| +8% | +$1.65M |
|
1525
Acushnet Holdings
GOLF
$5.46B
| $20.4M | ﹤0.01% |
412,458
-4,005
| -1% | -$192K |
|
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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.