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 | |
|---|---|---|---|---|---|---|
1851
Coeur Mining
CDE
$16.2B
| $7.01M | ﹤0.01% |
789,275
-1,149,337
| -59% | -$11.1M |
|
1852
Stock Yards Bancorp
SYBT
$2.6B
| $7.01M | ﹤0.01% |
137,677
-18,486
| -12% | -$955K |
|
|
ORBC
1853
DELISTED
ORBCOMM, Inc.
ORBC
| $6.93M | ﹤0.01% |
+616,500
| New | +$6.84M |
|
1854
Innoviva
INVA
$1.57B
| $6.87M | ﹤0.01% |
512,176
-173,545
| -25% | -$2.17M |
|
1855
Choice Hotels
CHH
$4.99B
| $6.82M | ﹤0.01% |
57,409
-9,088
| -14% | -$1.06M |
|
1856
Hayward Holdings
HAYW
$3.31B
| $6.62M | ﹤0.01% |
254,393
-223,413
| -47% | -$4.88M |
|
1857
Radware
RDWR
$1.16B
| $6.46M | ﹤0.01% |
209,994
-208,250
| -50% | -$6M |
|
|
SOGO
1858
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $6.44M | ﹤0.01% |
754,843
| – | – |
|
1859
Edgewise Therapeutics
EWTX
$4.69B
| $6.43M | ﹤0.01% |
301,691
-147,309
| -33% | -$4.03M |
|
1860
Sportsman's Warehouse
SPWH
$47.2M
| $6.4M | ﹤0.01% |
360,310
-75,828
| -17% | -$1.34M |
|
1861
LeMaitre Vascular
LMAT
$1.82B
| $6.35M | ﹤0.01% |
+104,000
| New | +$5.52M |
|
1862
Columbia Financial
CLBK
$1.12B
| $6.3M | ﹤0.01% |
365,826
+62,200
| +20% | +$1.1M |
|
|
RDUS
1863
DELISTED
Radius Health, Inc.
RDUS
| $6.29M | ﹤0.01% |
344,577
+95,200
| +38% | +$1.89M |
|
1864
Orthofix Medical
OFIX
$428M
| $6.26M | ﹤0.01% |
156,116
-11,466
| -7% | -$485K |
|
1865
Phreesia
PHR
$697M
| $6.25M | ﹤0.01% |
101,900
+81,700
| +404% | +$4.25M |
|
|
EPZM
1866
DELISTED
Epizyme, Inc
EPZM
| $6.2M | ﹤0.01% |
746,378
-159,187
| -18% | -$1.34M |
|
1867
Scansource
SCSC
$1.16B
| $6.16M | ﹤0.01% |
219,111
| – | – |
|
|
UHT
1868
Universal Health Realty Income Trust
UHT
$587M
| $6.16M | ﹤0.01% |
100,032
-13,985
| -12% | -$946K |
|
1869
C3.ai
AI
$1.53B
| $6.15M | ﹤0.01% |
98,343
+71,202
| +262% | +$4.42M |
|
|
BFS
1870
Saul Centers
BFS
$828M
| $6.09M | ﹤0.01% |
133,905
| – | – |
|
|
AD
1871
Array Digital Infrastructure
AD
$3.06B
| $6.07M | ﹤0.01% |
167,183
+12,600
| +8% | +$468K |
|
1872
BioLife Solutions
BLFS
$1.66B
| $6.06M | ﹤0.01% |
+136,200
| New | +$4.8M |
|
|
TPC
1873
Tutor Perini Cor
TPC
$5.16B
| $6.02M | ﹤0.01% |
434,573
-33,008
| -7% | -$526K |
|
|
ALX
1874
Alexander's
ALX
$1.4B
| $6M | ﹤0.01% |
22,391
-883
| -4% | -$244K |
|
1875
Philips
PHG
$25.7B
| $5.96M | ﹤0.01% |
145,275
-265,539
| -65% | -$12.3M |
|
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.