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 | |
|---|---|---|---|---|---|---|
|
ITCI
1601
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $17.5M | ﹤0.01% |
428,485
+147,450
| +52% | +$5.45M |
|
1602
TTEC Holdings
TTEC
$124M
| $17.5M | ﹤0.01% |
169,296
+4,316
| +3% | +$448K |
|
|
WIRE
1603
DELISTED
Encore Wire Corp
WIRE
| $17.4M | ﹤0.01% |
230,157
+21,327
| +10% | +$1.64M |
|
1604
Avista
AVA
$3.24B
| $17.4M | ﹤0.01% |
408,187
-6,095
| -1% | -$279K |
|
1605
TTM Technologies
TTMI
$14.5B
| $17.4M | ﹤0.01% |
1,215,783
-32,914
| -3% | -$492K |
|
|
TRQ
1606
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $17.4M | ﹤0.01% |
1,029,788
+91,114
| +10% | +$1.62M |
|
1607
AMC Global Media
AMCX
$489M
| $17.3M | ﹤0.01% |
259,279
-38,320
| -13% | -$2.11M |
|
1608
Vroom Inc
VRM
$48.2M
| $17.3M | ﹤0.01% |
5,172
-2,211
| -30% | -$7.52M |
|
1609
Carpenter Technology
CRS
$28.4B
| $17.3M | ﹤0.01% |
428,952
-114,493
| -21% | -$4.84M |
|
1610
Tennant Co
TNC
$1.26B
| $17.2M | ﹤0.01% |
215,999
-26,032
| -11% | -$2.13M |
|
|
LTC
1611
LTC Properties
LTC
$2.15B
| $17.2M | ﹤0.01% |
448,088
-32,293
| -7% | -$1.31M |
|
|
BZUN
1612
Baozun
BZUN
$172M
| $17.1M | ﹤0.01% |
483,001
-29,129
| -6% | -$1.03M |
|
|
ARGO
1613
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $17.1M | ﹤0.01% |
329,853
| – | – |
|
1614
Vicor
VICR
$10.2B
| $17.1M | ﹤0.01% |
161,470
+6,686
| +4% | +$595K |
|
1615
Cimpress
CMPR
$2.31B
| $17M | ﹤0.01% |
156,694
-35,720
| -19% | -$3.61M |
|
1616
Patterson-UTI
PTEN
$3.76B
| $16.9M | ﹤0.01% |
1,696,483
-216,516
| -11% | -$1.83M |
|
|
CVGW
1617
DELISTED
Calavo Growers
CVGW
| $16.8M | ﹤0.01% |
264,906
+75,901
| +40% | +$5.57M |
|
|
HUYA
1618
Huya Inc
HUYA
$558M
| $16.8M | ﹤0.01% |
949,094
+4,430
| +0.5% | +$74.3K |
|
|
WW
1619
DELISTED
WW International
WW
| $16.7M | ﹤0.01% |
462,559
+40,190
| +10% | +$1.38M |
|
1620
Ubiquiti
UI
$34.3B
| $16.6M | ﹤0.01% |
53,224
-27,294
| -34% | -$7.99M |
|
1621
Northwest Bancshares
NWBI
$2.28B
| $16.5M | ﹤0.01% |
1,209,604
-55,064
| -4% | -$777K |
|
1622
Factset
FDS
$10.2B
| $16.4M | ﹤0.01% |
48,725
-87,262
| -64% | -$28.6M |
|
1623
Kanzhun
BZ
$7.36B
| $16.3M | ﹤0.01% |
+412,007
| New | +$15.8M |
|
|
HEES
1624
DELISTED
H&E Equipment Services
HEES
| $16.3M | ﹤0.01% |
488,631
+129,113
| +36% | +$4.73M |
|
1625
Materion
MTRN
$6.04B
| $16.1M | ﹤0.01% |
213,535
+22,559
| +12% | +$1.67M |
|
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.