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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+9.04%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$461B
AUM Growth
+$24.5B
Cap. Flow
-$9.73B
Cap. Flow %
-2.11%
Top 10 Hldgs %
22.33%
Holding
2,310
New
183
Increased
607
Reduced
1,278
Closed
104

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
PENG
1976
Penguin Solutions Inc
PENG
$2.86B
$2.72M ﹤0.01%
+114,200
New +$2.75M
CEVA icon
1977
CEVA Inc
CEVA
$954M
$2.71M ﹤0.01%
+57,300
New +$2.83M
BCRX icon
1978
BioCryst Pharmaceuticals
BCRX
$2.31B
$2.71M ﹤0.01%
171,351
CERS icon
1979
Cerus
CERS
$457M
$2.67M ﹤0.01%
452,226
-171,801
-28% -$1.01M
KDMN
1980
DELISTED
Kadmon Holdings, Inc.
KDMN
$2.67M ﹤0.01%
689,800
-201,400
-23% -$781K
PGEN icon
1981
Precigen
PGEN
$2.46B
$2.65M ﹤0.01%
407,266
BEST
1982
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
$2.65M ﹤0.01%
74,380
-18,116
-20% -$520K
WBD icon
1983
Warner Bros
WBD
$65.1B
$2.63M ﹤0.01%
85,692
-765,235
-90% -$26.5M
CMBM
1984
DELISTED
Cambium Networks
CMBM
$2.61M ﹤0.01%
+53,900
New +$2.88M
KNBE
1985
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
$2.58M ﹤0.01%
+82,401
New +$1.88M
IGMS
1986
DELISTED
IGM Biosciences
IGMS
$2.57M ﹤0.01%
30,933
NX icon
1987
Quanex
NX
$959M
$2.56M ﹤0.01%
103,091
+93,500
+975% +$2.49M
ICPT
1988
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$2.56M ﹤0.01%
128,071
+29,036
+29% +$576K
MNSO icon
1989
MINISO
MNSO
$3.67B
$2.53M ﹤0.01%
121,771
-73,744
-38% -$1.77M
SITM icon
1990
SiTime
SITM
$16.3B
$2.53M ﹤0.01%
20,000
NBP
1991
NovaBridge Biosciences American Depositary Shares
NBP
$190M
$2.52M ﹤0.01%
30,000
GSAT icon
1992
Globalstar
GSAT
$10.7B
$2.49M ﹤0.01%
+93,227
New +$1.83M
AMRC icon
1993
Ameresco
AMRC
$1.36B
$2.46M ﹤0.01%
39,296
-38,800
-50% -$2.09M
RMAX icon
1994
RE/MAX Holdings
RMAX
$207M
$2.43M ﹤0.01%
72,884
+36,684
+101% +$1.32M
RGP icon
1995
Resources Connection
RGP
$153M
$2.4M ﹤0.01%
+167,180
New +$2.41M
HESM icon
1996
Hess Midstream
HESM
$5.15B
$2.4M ﹤0.01%
+94,962
New +$2.29M
TRUE
1997
DELISTED
TrueCar
TRUE
$2.39M ﹤0.01%
423,300
+203,976
+93% +$1.03M
CRMT icon
1998
America's Car Mart
CRMT
$28.4M
$2.38M ﹤0.01%
+16,800
New +$2.51M
CYT
1999
DELISTED
Cyteir Therapeutics, Inc. Common Stock
CYT
$2.35M ﹤0.01%
+110,000
New +$2.06M
ONCT
2000
DELISTED
Oncternal Therapeutics, Inc. Common Stock
ONCT
$2.35M ﹤0.01%
+24,684
New +$2.93M

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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.