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 | |
|---|---|---|---|---|---|---|
1951
Weis Markets
WMK
$1.88B
| $3.38M | ﹤0.01% |
65,425
-61,361
| -48% | -$3.25M |
|
|
EXPR
1952
DELISTED
Express, Inc.
EXPR
| $3.38M | ﹤0.01% |
+26,025
| New | +$2.2M |
|
1953
AdaptHealth
AHCO
$842M
| $3.29M | ﹤0.01% |
120,026
+49,645
| +71% | +$1.42M |
|
1954
Altimmune
ALT
$583M
| $3.25M | ﹤0.01% |
+329,800
| New | +$4.51M |
|
|
LGF.A
1955
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $3.24M | ﹤0.01% |
156,535
-188,325
| -55% | -$3.29M |
|
|
IEA
1956
DELISTED
Infrastructure and Energy Alternatives, Inc. Common Stock
IEA
| $3.19M | ﹤0.01% |
+248,479
| New | +$3.11M |
|
|
TEN
1957
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $3.14M | ﹤0.01% |
+162,600
| New | +$2.43M |
|
1958
Donnelley Financial Solutions
DFIN
$1.21B
| $3.12M | ﹤0.01% |
94,627
-142,379
| -60% | -$4.24M |
|
1959
Chewy
CHWY
$9.74B
| $3.11M | ﹤0.01% |
+39,051
| New | +$3.02M |
|
1960
Aviat Networks
AVNW
$273M
| $3.09M | ﹤0.01% |
+94,300
| New | +$3.28M |
|
1961
Babcock & Wilcox
BW
$1.4B
| $3.09M | ﹤0.01% |
+391,860
| New | +$3.24M |
|
1962
Clear Channel Outdoor Holdings
CCO
$1.23B
| $3.08M | ﹤0.01% |
1,167,800
-241,134
| -17% | -$578K |
|
1963
Tonix Pharmaceuticals
TNXP
$180M
| $3.06M | ﹤0.01% |
+4
| New | +$2.94M |
|
1964
Vericel Corp
VCEL
$2.3B
| $3M | ﹤0.01% |
57,059
| – | – |
|
1965
Atlanta Braves Holdings Series A
BATRA
$3.41B
| $2.98M | ﹤0.01% |
105,656
| – | – |
|
1966
Cricut
CRCT
$1.17B
| $2.95M | ﹤0.01% |
69,274
-260,726
| -79% | -$7.32M |
|
1967
Marten Transport
MRTN
$1.21B
| $2.92M | ﹤0.01% |
177,400
-104,400
| -37% | -$1.78M |
|
|
THS
1968
DELISTED
Treehouse Foods
THS
| $2.9M | ﹤0.01% |
65,108
-61,281
| -48% | -$3.02M |
|
|
TDAY
1969
USA Today Co
TDAY
$1.21B
| $2.82M | ﹤0.01% |
514,172
+411,900
| +403% | +$2.1M |
|
1970
Privia Health
PRVA
$2.51B
| $2.8M | ﹤0.01% |
+63,022
| New | +$2.33M |
|
1971
InnovAge Holding
INNV
$1.47B
| $2.79M | ﹤0.01% |
130,700
+115,700
| +771% | +$2.65M |
|
1972
Mercer International
MERC
$44.7M
| $2.76M | ﹤0.01% |
216,700
-50,784
| -19% | -$752K |
|
1973
Revolution Medicines
RVMD
$42.3B
| $2.75M | ﹤0.01% |
86,566
-82,168
| -49% | -$2.87M |
|
|
TBIO
1974
DELISTED
Translate Bio, Inc. Common Stock
TBIO
| $2.75M | ﹤0.01% |
99,664
-35,103
| -26% | -$690K |
|
1975
Axcelis
ACLS
$4.06B
| $2.73M | ﹤0.01% |
67,536
| – | – |
|
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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.