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 | |
|---|---|---|---|---|---|---|
|
BBT
1701
Beacon Financial Corp
BBT
$2.66B
| $13.1M | ﹤0.01% |
479,003
-23,353
| -5% | -$593K |
|
|
SAFE
1702
DELISTED
Safehold Inc.
SAFE
| $13M | ﹤0.01% |
165,646
-14,790
| -8% | -$1.07M |
|
1703
Opko Health
OPK
$1.02B
| $13M | ﹤0.01% |
3,200,397
-648,096
| -17% | -$2.54M |
|
1704
Capitol Federal Financial
CFFN
$1.1B
| $12.9M | ﹤0.01% |
1,096,464
| – | – |
|
|
GBT
1705
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $12.9M | ﹤0.01% |
367,778
-79,948
| -18% | -$3.12M |
|
|
ENDP
1706
DELISTED
Endo International plc
ENDP
| $12.8M | ﹤0.01% |
2,743,598
+437,903
| +19% | +$2.51M |
|
1707
Clearway Energy Class C
CWEN
$6.7B
| $12.8M | ﹤0.01% |
482,623
-72,826
| -13% | -$2M |
|
1708
Supernus Pharmaceuticals
SUPN
$2.77B
| $12.7M | ﹤0.01% |
413,763
-71,916
| -15% | -$2.2M |
|
1709
Delek US
DK
$3.58B
| $12.7M | ﹤0.01% |
588,753
+19,032
| +3% | +$430K |
|
1710
Interparfums
IPAR
$3.94B
| $12.7M | ﹤0.01% |
176,303
+23,678
| +16% | +$1.75M |
|
|
NOAH
1711
Noah Holdings
NOAH
$603M
| $12.7M | ﹤0.01% |
268,932
| – | – |
|
1712
Nelnet
NNI
$4.72B
| $12.7M | ﹤0.01% |
168,607
-14,629
| -8% | -$1.1M |
|
1713
Orion
OEC
$409M
| $12.7M | ﹤0.01% |
667,907
-176,613
| -21% | -$3.49M |
|
1714
Dyne Therapeutics
DYN
$4.9B
| $12.6M | ﹤0.01% |
600,000
| – | – |
|
|
PRA
1715
DELISTED
ProAssurance
PRA
| $12.3M | ﹤0.01% |
540,336
| – | – |
|
1716
Westamerica Bancorp
WABC
$1.37B
| $12.3M | ﹤0.01% |
211,352
-12,446
| -6% | -$777K |
|
1717
Usana Health Sciences
USNA
$286M
| $12.3M | ﹤0.01% |
119,651
-16,386
| -12% | -$1.65M |
|
1718
La-Z-Boy
LZB
$1.69B
| $12.2M | ﹤0.01% |
330,486
-180,991
| -35% | -$7.61M |
|
1719
Regenxbio
RGNX
$708M
| $12.2M | ﹤0.01% |
313,563
-25,572
| -8% | -$915K |
|
|
OCDX
1720
DELISTED
Ortho Clinical Diagnostics Holdings plc Ordinary Shares
OCDX
| $12.1M | ﹤0.01% |
565,473
-45,523
| -7% | -$926K |
|
1721
E.W. Scripps
SSP
$304M
| $12.1M | ﹤0.01% |
592,597
-20,770
| -3% | -$435K |
|
1722
MeiraGTx Holdings
MGTX
$1.21B
| $12.1M | ﹤0.01% |
779,286
+323,967
| +71% | +$4.63M |
|
1723
Gaotu Techedu
GOTU
$436M
| $12.1M | ﹤0.01% |
817,649
+439,714
| +116% | +$9.8M |
|
|
KYNB
1724
Kyntra Bio
KYNB
$29.4M
| $12M | ﹤0.01% |
18,090
+8,260
| +84% | +$4.76M |
|
1725
Atara Biotherapeutics
ATRA
$76.1M
| $12M | ﹤0.01% |
30,926
-2,048
| -6% | -$730K |
|
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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.