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 | |
|---|---|---|---|---|---|---|
1676
Clear Secure
YOU
$5.28B
| $14M | ﹤0.01% |
+350,000
| New | +$14M |
|
1677
Huron Consulting
HURN
$2.42B
| $14M | ﹤0.01% |
284,498
+53,638
| +23% | +$2.88M |
|
1678
Enviri
NVRI
$620M
| $14M | ﹤0.01% |
684,337
+81,945
| +14% | +$1.69M |
|
1679
Atea Pharmaceuticals
AVIR
$420M
| $13.9M | ﹤0.01% |
+646,362
| New | +$19.4M |
|
1680
Evolent Health
EVH
$444M
| $13.8M | ﹤0.01% |
655,073
+372,287
| +132% | +$7.46M |
|
|
DCPH
1681
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $13.8M | ﹤0.01% |
377,879
+53,011
| +16% | +$2.05M |
|
1682
AZZ Inc
AZZ
$4.54B
| $13.8M | ﹤0.01% |
266,783
-25,934
| -9% | -$1.36M |
|
1683
PBF Energy
PBF
$7.31B
| $13.8M | ﹤0.01% |
901,900
-663,891
| -42% | -$10.2M |
|
1684
Vir Biotechnology
VIR
$1.49B
| $13.8M | ﹤0.01% |
291,675
-213,852
| -42% | -$9.72M |
|
1685
CNA Financial
CNA
$14.1B
| $13.8M | ﹤0.01% |
303,089
-19,433
| -6% | -$911K |
|
|
AAMI
1686
Acadian Asset Management
AAMI
$3.2B
| $13.8M | ﹤0.01% |
587,313
-28,779
| -5% | -$655K |
|
|
RWT
1687
Redwood Trust
RWT
$594M
| $13.7M | ﹤0.01% |
1,135,632
-145,424
| -11% | -$1.62M |
|
|
ALEX
1688
DELISTED
Alexander & Baldwin
ALEX
| $13.7M | ﹤0.01% |
746,496
| – | – |
|
|
VRE
1689
DELISTED
Veris Residential
VRE
| $13.7M | ﹤0.01% |
796,499
-37,304
| -4% | -$625K |
|
1690
Northwest Natural Holdings
NWN
$2.12B
| $13.6M | ﹤0.01% |
259,543
-23,369
| -8% | -$1.26M |
|
|
OPI
1691
DELISTED
Office Properties Income Trust
OPI
| $13.6M | ﹤0.01% |
464,786
-50,507
| -10% | -$1.45M |
|
1692
Academy Sports + Outdoors
ASO
$2.98B
| $13.6M | ﹤0.01% |
+329,856
| New | +$11.6M |
|
|
CFLT
1693
DELISTED
Confluent
CFLT
| $13.6M | ﹤0.01% |
+285,714
| New | +$13.8M |
|
1694
Cognyte Software
CGNT
$680M
| $13.5M | ﹤0.01% |
550,793
-55,445
| -9% | -$1.37M |
|
1695
Brookdale Senior Living
BKD
$3.4B
| $13.5M | ﹤0.01% |
1,706,501
-428,983
| -20% | -$3.08M |
|
|
SWI
1696
DELISTED
SolarWinds Corporation Common Stock
SWI
| $13.4M | ﹤0.01% |
749,650
-33,583
| -4% | -$607K |
|
|
KAMN
1697
DELISTED
Kaman Corp
KAMN
| $13.3M | ﹤0.01% |
264,538
-393
| -0.1% | -$20.9K |
|
|
NXGN
1698
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $13.3M | ﹤0.01% |
799,063
+10,896
| +1% | +$195K |
|
|
AGNT
1699
AGNT Inc
AGNT
$734M
| $13.2M | ﹤0.01% |
340,100
-59,479
| -15% | -$2.05M |
|
|
LADR
1700
Ladder Capital
LADR
$1.24B
| $13.1M | ﹤0.01% |
1,139,044
-77,672
| -6% | -$911K |
|
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.