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 | |
|---|---|---|---|---|---|---|
1901
TFS Financial
TFSL
$5.06B
| $5.21M | ﹤0.01% |
256,417
-29,259
| -10% | -$609K |
|
1902
Allegro MicroSystems
ALGM
$7.92B
| $5.19M | ﹤0.01% |
187,357
+12,357
| +7% | +$322K |
|
|
BRFS
1903
DELISTED
BRF SA
BRFS
| $5.16M | ﹤0.01% |
943,370
| – | – |
|
1904
Credicorp
BAP
$31.4B
| $5.11M | ﹤0.01% |
42,202
-144,120
| -77% | -$18.8M |
|
1905
Community Trust Bancorp
CTBI
$1.43B
| $5.1M | ﹤0.01% |
126,322
| – | – |
|
|
BNT
1906
Brookfield Wealth Solutions
BNT
$12.2B
| $5.08M | ﹤0.01% |
+145,205
| New | +$5.52M |
|
|
ONC
1907
BeOne Medicines Ltd
ONC
$36.4B
| $5.03M | ﹤0.01% |
+14,666
| New | +$4.86M |
|
1908
Frontier Group Holdings
ULCC
$1.77B
| $4.99M | ﹤0.01% |
+292,941
| New | +$5.78M |
|
1909
ADT
ADT
$5.63B
| $4.97M | ﹤0.01% |
460,441
-1,165,548
| -72% | -$11.7M |
|
1910
Intapp
INTA
$2.78B
| $4.9M | ﹤0.01% |
+175,000
| New | +$4.9M |
|
1911
First Financial Corp
THFF
$986M
| $4.89M | ﹤0.01% |
119,899
| – | – |
|
1912
Personalis
PSNL
$1.43B
| $4.88M | ﹤0.01% |
+192,900
| New | +$4.41M |
|
1913
iHeartMedia
IHRT
$585M
| $4.87M | ﹤0.01% |
180,821
-31,865
| -15% | -$705K |
|
1914
Enanta Pharmaceuticals
ENTA
$386M
| $4.84M | ﹤0.01% |
109,936
-18,978
| -15% | -$929K |
|
1915
Braskem
BAK
$940M
| $4.77M | ﹤0.01% |
200,000
| – | – |
|
1916
Option Care Health
OPCH
$3.51B
| $4.76M | ﹤0.01% |
217,682
| – | – |
|
1917
Alector
ALEC
$183M
| $4.69M | ﹤0.01% |
224,973
+16,979
| +8% | +$320K |
|
1918
Immunovant
IMVT
$8.06B
| $4.63M | ﹤0.01% |
437,766
+241,323
| +123% | +$3.37M |
|
1919
Zeta Global
ZETA
$6.37B
| $4.62M | ﹤0.01% |
+550,000
| New | +$4.65M |
|
1920
Tower Semiconductor
TSEM
$25.8B
| $4.58M | ﹤0.01% |
155,158
-140,775
| -48% | -$3.96M |
|
|
CSII
1921
DELISTED
Cardiovascular Systems, Inc.
CSII
| $4.5M | ﹤0.01% |
105,549
+38,300
| +57% | +$1.5M |
|
1922
ATN International
ATNI
$461M
| $4.47M | ﹤0.01% |
98,263
-8,982
| -8% | -$428K |
|
1923
Sotera Health
SHC
$5.41B
| $4.42M | ﹤0.01% |
+182,555
| New | +$4.49M |
|
|
TARO
1924
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $4.37M | ﹤0.01% |
60,790
-14,000
| -19% | -$1.03M |
|
1925
Alignment Healthcare
ALHC
$2.83B
| $4.37M | ﹤0.01% |
186,833
-313,167
| -63% | -$7.62M |
|
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.