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 | |
|---|---|---|---|---|---|---|
1626
Newmark Group
NMRK
$2.63B
| $16.1M | ﹤0.01% |
1,339,671
-272,262
| -17% | -$3.26M |
|
|
ALLK
1627
DELISTED
Allakos
ALLK
| $16.1M | ﹤0.01% |
188,389
+54,164
| +40% | +$5.41M |
|
1628
Schrodinger
SDGR
$1.36B
| $16.1M | ﹤0.01% |
212,504
-121,164
| -36% | -$8.78M |
|
1629
Archrock
AROC
$5.8B
| $16.1M | ﹤0.01% |
1,802,645
+277,738
| +18% | +$2.59M |
|
1630
Tanger
SKT
$4.52B
| $16M | ﹤0.01% |
851,216
-82,745
| -9% | -$1.45M |
|
1631
Workhorse Group
WKHS
$36.3M
| $16M | ﹤0.01% |
322
+32
| +11% | +$1.19M |
|
1632
Greif
GEF
$5.04B
| $16M | ﹤0.01% |
264,830
-39,999
| -13% | -$2.45M |
|
|
BLUE
1633
DELISTED
bluebird bio
BLUE
| $16M | ﹤0.01% |
38,631
+7,318
| +23% | +$2.9M |
|
1634
Casella Waste Systems
CWST
$5.69B
| $15.9M | ﹤0.01% |
251,383
-58,161
| -19% | -$3.86M |
|
1635
Dycom Industries
DY
$12.3B
| $15.9M | ﹤0.01% |
213,694
-70,830
| -25% | -$6.1M |
|
1636
G-III Apparel Group
GIII
$1.5B
| $15.9M | ﹤0.01% |
484,263
+39,652
| +9% | +$1.28M |
|
1637
Enerpac Tool Group
EPAC
$1.93B
| $15.9M | ﹤0.01% |
597,446
+193,993
| +48% | +$5.18M |
|
1638
NovaGold Resources
NG
$3.33B
| $15.9M | ﹤0.01% |
1,982,697
-36,997
| -2% | -$349K |
|
1639
Oceaneering
OII
$4.77B
| $15.9M | ﹤0.01% |
1,020,108
-176,379
| -15% | -$2.46M |
|
1640
Compass Minerals
CMP
$1.15B
| $15.8M | ﹤0.01% |
267,268
-37,434
| -12% | -$2.48M |
|
1641
Goosehead Insurance
GSHD
$2.32B
| $15.8M | ﹤0.01% |
+124,000
| New | +$12.6M |
|
1642
St. Joe Company
JOE
$3.83B
| $15.5M | ﹤0.01% |
348,468
+32,078
| +10% | +$1.45M |
|
1643
Sturm, Ruger & Co
RGR
$593M
| $15.5M | ﹤0.01% |
172,032
-14,977
| -8% | -$1.12M |
|
1644
Strategic Education
STRA
$1.92B
| $15.4M | ﹤0.01% |
202,938
-73,072
| -26% | -$5.83M |
|
1645
Jack Henry & Associates
JKHY
$11.1B
| $15.4M | ﹤0.01% |
94,127
-44,972
| -32% | -$7.18M |
|
|
HTO
1646
H2O America
HTO
$2.62B
| $15.2M | ﹤0.01% |
240,687
-16,247
| -6% | -$1.05M |
|
1647
AAR Corp
AIR
$5.76B
| $15.2M | ﹤0.01% |
392,755
-67,938
| -15% | -$2.73M |
|
1648
Rocket Pharmaceuticals
RCKT
$394M
| $15.1M | ﹤0.01% |
341,312
+13,302
| +4% | +$578K |
|
1649
PRA Group
PRAA
$755M
| $15.1M | ﹤0.01% |
392,127
-48,104
| -11% | -$1.85M |
|
|
RERE
1650
ATRenew
RERE
$1.01B
| $15.1M | ﹤0.01% |
+1,008,000
| New | +$14.7M |
|
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.