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 | |
|---|---|---|---|---|---|---|
1576
Knowles
KN
$3.34B
| $18.4M | ﹤0.01% |
929,889
-32,115
| -3% | -$654K |
|
|
KRTX
1577
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $18.3M | ﹤0.01% |
160,909
+86,495
| +116% | +$10.1M |
|
1578
Mercury Insurance
MCY
$6.07B
| $18.3M | ﹤0.01% |
282,274
-87,781
| -24% | -$5.56M |
|
|
AXNX
1579
DELISTED
Axonics, Inc. Common Stock
AXNX
| $18.3M | ﹤0.01% |
289,043
| – | – |
|
|
AAWW
1580
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $18.3M | ﹤0.01% |
268,100
+202,100
| +306% | +$14.2M |
|
1581
Recursion Pharmaceuticals
RXRX
$1.72B
| $18.3M | ﹤0.01% |
+500,000
| New | +$14.8M |
|
1582
Pacira BioSciences
PCRX
$997M
| $18.2M | ﹤0.01% |
300,604
-73,296
| -20% | -$4.64M |
|
|
HTLF
1583
DELISTED
Heartland Financial USA, Inc.
HTLF
| $18.2M | ﹤0.01% |
387,553
+31,791
| +9% | +$1.58M |
|
1584
FuelCell Energy
FCEL
$1.63B
| $18.2M | ﹤0.01% |
68,133
-19,895
| -23% | -$5.81M |
|
|
ELME
1585
Elme Communities
ELME
$144M
| $18.2M | ﹤0.01% |
789,625
-51,624
| -6% | -$1.21M |
|
|
MTOR
1586
DELISTED
MERITOR, Inc.
MTOR
| $18.1M | ﹤0.01% |
771,220
-42,573
| -5% | -$1.12M |
|
|
SWAV
1587
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $18M | ﹤0.01% |
95,081
-153,538
| -62% | -$25.1M |
|
|
TWNK
1588
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $18M | ﹤0.01% |
1,113,291
-332,719
| -23% | -$5.19M |
|
1589
Kennametal
KMT
$2.52B
| $18M | ﹤0.01% |
500,931
+96,785
| +24% | +$3.79M |
|
|
PVG
1590
DELISTED
PRETIUM RESOURCES INC.
PVG
| $18M | ﹤0.01% |
1,880,902
| – | – |
|
1591
Installed Building Products
IBP
$6.57B
| $17.8M | ﹤0.01% |
145,683
-48,911
| -25% | -$5.97M |
|
|
MDP
1592
DELISTED
Meredith Corporation
MDP
| $17.8M | ﹤0.01% |
409,631
-21,305
| -5% | -$756K |
|
|
SCS
1593
DELISTED
Steelcase
SCS
| $17.8M | ﹤0.01% |
1,177,483
+93,742
| +9% | +$1.35M |
|
1594
Eagle Bancorp
EGBN
$845M
| $17.7M | ﹤0.01% |
316,119
+5,596
| +2% | +$310K |
|
1595
Verra Mobility
VRRM
$744M
| $17.7M | ﹤0.01% |
1,149,157
-353,543
| -24% | -$5.13M |
|
1596
Hope Bancorp
HOPE
$1.79B
| $17.6M | ﹤0.01% |
1,244,681
-55,374
| -4% | -$839K |
|
1597
Equinox Gold
EQX
$13.5B
| $17.6M | ﹤0.01% |
2,540,633
+354,924
| +16% | +$3.03M |
|
1598
Kodiak Sciences
KOD
$2.84B
| $17.6M | ﹤0.01% |
189,457
-121,459
| -39% | -$11.7M |
|
1599
Cohen & Steers
CNS
$4.3B
| $17.6M | ﹤0.01% |
214,289
-35,281
| -14% | -$2.55M |
|
1600
Patrick Industries
PATK
$2.95B
| $17.6M | ﹤0.01% |
361,140
+23,887
| +7% | +$1.37M |
|
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.