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 | |
|---|---|---|---|---|---|---|
1876
Theravance Biopharma
TBPH
$877M
| $5.96M | ﹤0.01% |
410,611
-99,400
| -19% | -$1.87M |
|
|
EGLE
1877
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $5.94M | ﹤0.01% |
+125,530
| New | +$5.69M |
|
1878
1st Source
SRCE
$2.16B
| $5.9M | ﹤0.01% |
127,080
-6,563
| -5% | -$314K |
|
1879
Gossamer Bio
GOSS
$87.2M
| $5.88M | ﹤0.01% |
724,800
| – | – |
|
|
CD
1880
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $5.88M | ﹤0.01% |
390,000
| – | – |
|
|
CCXI
1881
DELISTED
ChemoCentryx, Inc.
CCXI
| $5.88M | ﹤0.01% |
438,824
+267,769
| +157% | +$6.6M |
|
1882
National Beverage
FIZZ
$2.97B
| $5.86M | ﹤0.01% |
124,158
-22,638
| -15% | -$1.1M |
|
|
WKME
1883
DELISTED
WalkMe Ltd. Ordinary Shares
WKME
| $5.85M | ﹤0.01% |
+200,000
| New | +$5.94M |
|
|
ZUO
1884
DELISTED
Zuora, Inc.
ZUO
| $5.84M | ﹤0.01% |
338,600
+36,500
| +12% | +$583K |
|
1885
Genco Shipping & Trading
GNK
$1.1B
| $5.74M | ﹤0.01% |
303,800
+174,700
| +135% | +$2.7M |
|
1886
American Well
AMWL
$217M
| $5.7M | ﹤0.01% |
22,655
+12,948
| +133% | +$3.73M |
|
1887
Emergent Biosolutions
EBS
$268M
| $5.68M | ﹤0.01% |
90,238
-195,078
| -68% | -$12.5M |
|
1888
Magnachip Semiconductor
MX
$143M
| $5.67M | ﹤0.01% |
237,800
-119,734
| -33% | -$2.94M |
|
1889
Skywest
SKYW
$4.47B
| $5.58M | ﹤0.01% |
129,514
-41,907
| -24% | -$2.07M |
|
1890
Cactus
WHD
$5.46B
| $5.57M | ﹤0.01% |
151,625
-44,889
| -23% | -$1.55M |
|
1891
Sabesp
SBS
$19B
| $5.52M | ﹤0.01% |
3,849,581
| – | – |
|
1892
Shift4
FOUR
$3.44B
| $5.48M | ﹤0.01% |
58,446
-21,324
| -27% | -$2.01M |
|
1893
CVR Energy
CVI
$3.17B
| $5.46M | ﹤0.01% |
304,086
+90,003
| +42% | +$1.86M |
|
1894
First Advantage
FA
$4B
| $5.42M | ﹤0.01% |
+272,014
| New | +$5.52M |
|
|
CNST
1895
DELISTED
Constellation Pharmaceuticals, Inc.
CNST
| $5.37M | ﹤0.01% |
158,900
-55,100
| -26% | -$1.4M |
|
1896
Under Armour
UAA
$2.8B
| $5.35M | ﹤0.01% |
252,833
-322,115
| -56% | -$7.18M |
|
1897
Kforce
KFRC
$1.04B
| $5.32M | ﹤0.01% |
84,482
+75,482
| +839% | +$4.47M |
|
|
CAI
1898
DELISTED
CAI International, Inc.
CAI
| $5.3M | ﹤0.01% |
+94,700
| New | +$4.21M |
|
|
HSII
1899
DELISTED
Heidrick & Struggles
HSII
| $5.27M | ﹤0.01% |
+118,210
| New | +$4.94M |
|
1900
Liberty Latin America Class A
LILA
$1.72B
| $5.23M | ﹤0.01% |
555,303
+43,642
| +9% | +$414K |
|
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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.