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 | |
|---|---|---|---|---|---|---|
1726
CTS Corp
CTS
$1.89B
| $12M | ﹤0.01% |
322,682
| – | – |
|
1727
Astec Industries
ASTE
$1.02B
| $11.9M | ﹤0.01% |
189,864
-21,675
| -10% | -$1.51M |
|
1728
DNOW Inc
DNOW
$3.02B
| $11.9M | ﹤0.01% |
1,254,352
-12,531
| -1% | -$129K |
|
1729
MakeMyTrip
MMYT
$5.64B
| $11.9M | ﹤0.01% |
394,738
-80,149
| -17% | -$2.23M |
|
|
VNTR
1730
DELISTED
Venator Materials PLC
VNTR
| $11.8M | ﹤0.01% |
2,500,000
| – | – |
|
|
SAVE
1731
DELISTED
Spirit Airlines, Inc.
SAVE
| $11.8M | ﹤0.01% |
389,123
+80,775
| +26% | +$2.84M |
|
1732
Reynolds Consumer Products
REYN
$5.59B
| $11.8M | ﹤0.01% |
387,623
-35,920
| -8% | -$1.09M |
|
|
ATCO
1733
DELISTED
Atlas Corp.
ATCO
| $11.7M | ﹤0.01% |
820,122
-296,155
| -27% | -$4.11M |
|
|
BPFH
1734
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $11.7M | ﹤0.01% |
791,536
+84,234
| +12% | +$1.23M |
|
1735
Yext
YEXT
$574M
| $11.7M | ﹤0.01% |
816,170
-66,902
| -8% | -$931K |
|
|
BBBY
1736
DELISTED
Bed Bath & Beyond Inc
BBBY
| $11.7M | ﹤0.01% |
350,206
-143,440
| -29% | -$3.99M |
|
|
DCH
1737
Dauch Corp
DCH
$1.51B
| $11.6M | ﹤0.01% |
1,124,207
-100,602
| -8% | -$1.06M |
|
1738
Inovio Pharmaceuticals
INO
$69M
| $11.6M | ﹤0.01% |
104,562
| – | – |
|
1739
Pilgrim's Pride
PPC
$6.54B
| $11.6M | ﹤0.01% |
524,277
-120,197
| -19% | -$2.86M |
|
1740
Matthews International
MATW
$739M
| $11.6M | ﹤0.01% |
323,169
| – | – |
|
1741
NBT Bancorp
NBTB
$2.74B
| $11.5M | ﹤0.01% |
319,406
| – | – |
|
|
BIG
1742
DELISTED
Big Lots, Inc.
BIG
| $11.5M | ﹤0.01% |
173,901
+3,403
| +2% | +$227K |
|
1743
Safety Insurance
SAFT
$1.52B
| $11.4M | ﹤0.01% |
146,104
+7,108
| +5% | +$593K |
|
|
GTY
1744
Getty Realty Corp
GTY
$2.07B
| $11.4M | ﹤0.01% |
366,631
+7,573
| +2% | +$237K |
|
1745
Benchmark Electronics
BHE
$2.96B
| $11.4M | ﹤0.01% |
400,490
+19,260
| +5% | +$581K |
|
1746
Grocery Outlet
GO
$980M
| $11.3M | ﹤0.01% |
325,627
-150,476
| -32% | -$5.5M |
|
1747
TriMas Corp
TRS
$1.44B
| $11.3M | ﹤0.01% |
370,992
-110,397
| -23% | -$3.5M |
|
|
ECOL
1748
DELISTED
US Ecology, Inc.
ECOL
| $11.2M | ﹤0.01% |
299,086
+35,579
| +14% | +$1.44M |
|
1749
Phathom Pharmaceuticals
PHAT
$692M
| $11.1M | ﹤0.01% |
329,343
| – | – |
|
|
ZGNX
1750
DELISTED
Zogenix, Inc.
ZGNX
| $11.1M | ﹤0.01% |
644,794
+90,893
| +16% | +$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.