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 | |
|---|---|---|---|---|---|---|
|
UNIT
1551
Uniti Group
UNIT
$2.32B
| $19.3M | ﹤0.01% |
1,821,329
-20,114
| -1% | -$218K |
|
|
SPWR
1552
DELISTED
SunPower Corporation Common Stock
SPWR
| $19.3M | ﹤0.01% |
659,467
+115,830
| +21% | +$2.99M |
|
1553
Towne Bank
TOWN
$3.42B
| $19.3M | ﹤0.01% |
633,427
-63,773
| -9% | -$2M |
|
1554
Granite Construction
GVA
$5.62B
| $19.2M | ﹤0.01% |
462,976
-41,966
| -8% | -$1.66M |
|
1555
Global Net Lease
GNL
$1.95B
| $19.2M | ﹤0.01% |
1,035,360
-34,299
| -3% | -$654K |
|
|
HOME
1556
DELISTED
At Home Group Inc.
HOME
| $19.1M | ﹤0.01% |
+518,600
| New | +$17.7M |
|
1557
Pediatrix Medical
MD
$2.2B
| $19M | ﹤0.01% |
631,727
+44,863
| +8% | +$1.32M |
|
1558
Monro
MNRO
$398M
| $19M | ﹤0.01% |
299,174
+88,750
| +42% | +$5.87M |
|
1559
PagerDuty
PD
$902M
| $19M | ﹤0.01% |
445,726
-175,874
| -28% | -$7.12M |
|
1560
CBIZ
CBZ
$2.96B
| $18.9M | ﹤0.01% |
578,192
+6,058
| +1% | +$202K |
|
1561
Provident Financial Services
PFS
$3.19B
| $18.9M | ﹤0.01% |
824,246
+91,458
| +12% | +$2.21M |
|
|
AAT
1562
American Assets Trust
AAT
$1.4B
| $18.8M | ﹤0.01% |
505,474
-59,225
| -10% | -$2.11M |
|
|
RCM
1563
DELISTED
R1 RCM Inc. Common Stock
RCM
| $18.8M | ﹤0.01% |
844,909
+238,699
| +39% | +$5.76M |
|
1564
Buckle
BKE
$2.37B
| $18.8M | ﹤0.01% |
377,676
| – | – |
|
1565
JetBlue
JBLU
$2.29B
| $18.8M | ﹤0.01% |
1,119,303
+89,249
| +9% | +$1.73M |
|
1566
Primoris Services
PRIM
$4.45B
| $18.8M | ﹤0.01% |
638,124
-33,741
| -5% | -$1.09M |
|
1567
Horace Mann Educators
HMN
$2.11B
| $18.7M | ﹤0.01% |
499,913
+85,104
| +21% | +$3.39M |
|
1568
NewMarket
NEU
$8.18B
| $18.7M | ﹤0.01% |
58,011
-2,228
| -4% | -$779K |
|
1569
Cavco Industries
CVCO
$4.55B
| $18.7M | ﹤0.01% |
84,057
-2,994
| -3% | -$652K |
|
1570
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $18.7M | ﹤0.01% |
526,336
-5,728
| -1% | -$217K |
|
1571
AeroVironment
AVAV
$9.45B
| $18.5M | ﹤0.01% |
184,895
-3,289
| -2% | -$362K |
|
1572
Belden
BDC
$5.19B
| $18.5M | ﹤0.01% |
366,002
-99,114
| -21% | -$4.84M |
|
|
EPAY
1573
DELISTED
Bottomline Technologies Inc
EPAY
| $18.5M | ﹤0.01% |
498,461
+83,202
| +20% | +$3.43M |
|
1574
Penske Automotive Group
PAG
$14.2B
| $18.4M | ﹤0.01% |
244,313
-131,005
| -35% | -$11M |
|
|
AVNS
1575
DELISTED
Avanos Medical
AVNS
| $18.4M | ﹤0.01% |
505,442
+209,952
| +71% | +$8.68M |
|
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.