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 | |
|---|---|---|---|---|---|---|
|
DSPG
2026
DELISTED
DSP Group Inc
DSPG
| $1.88M | ﹤0.01% |
127,129
+52,398
| +70% | +$782K |
|
2027
Vertex
VERX
$1.91B
| $1.88M | ﹤0.01% |
85,714
| – | – |
|
2028
United Fire Group
UFCS
$1.39B
| $1.87M | ﹤0.01% |
67,443
-57,303
| -46% | -$1.78M |
|
2029
Kymera Therapeutics
KYMR
$8.68B
| $1.86M | ﹤0.01% |
38,382
+16,352
| +74% | +$710K |
|
2030
Costamare
CMRE
$1.77B
| $1.83M | ﹤0.01% |
154,800
-310,486
| -67% | -$3.34M |
|
|
NAPA
2031
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
| $1.82M | ﹤0.01% |
82,400
-284,352
| -78% | -$5.53M |
|
2032
Caesarstone
CSTE
$80.2M
| $1.81M | ﹤0.01% |
+122,758
| New | +$1.86M |
|
2033
StoneX
SNEX
$9.2B
| $1.81M | ﹤0.01% |
+150,863
| New | +$1.95M |
|
2034
Inspired Entertainment
INSE
$185M
| $1.8M | ﹤0.01% |
+141,306
| New | +$1.42M |
|
2035
Global E Online
GLBE
$6.98B
| $1.79M | ﹤0.01% |
+31,364
| New | +$1.3M |
|
2036
First Interstate BancSystem
FIBK
$3.7B
| $1.78M | ﹤0.01% |
42,626
| – | – |
|
2037
DoubleVerify
DV
$1.84B
| $1.78M | ﹤0.01% |
+41,958
| New | +$1.49M |
|
2038
AstraZeneca
AZN
$250B
| $1.76M | ﹤0.01% |
14,691
| – | – |
|
|
TIG
2039
DELISTED
Trean Insurance Group, Inc. Common Stock
TIG
| $1.75M | ﹤0.01% |
+116,300
| New | +$1.9M |
|
|
GSKY
2040
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $1.74M | ﹤0.01% |
312,600
-423,826
| -58% | -$2.54M |
|
2041
nLIGHT
LASR
$4.24B
| $1.73M | ﹤0.01% |
47,614
| – | – |
|
2042
Hackett Group
HCKT
$290M
| $1.7M | ﹤0.01% |
94,400
-2,612
| -3% | -$45.4K |
|
2043
Arcutis Biotherapeutics
ARQT
$3.39B
| $1.67M | ﹤0.01% |
61,116
| – | – |
|
2044
The ONE Group
STKS
$56.2M
| $1.64M | ﹤0.01% |
+148,600
| New | +$1.51M |
|
|
WTRE
2045
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
| $1.61M | ﹤0.01% |
+45,900
| New | +$1.6M |
|
|
SPNS
2046
DELISTED
Sapiens International
SPNS
| $1.6M | ﹤0.01% |
59,651
-32,290
| -35% | -$954K |
|
2047
Goldman Sachs BDC
GSBD
$994M
| $1.59M | ﹤0.01% |
+81,300
| New | +$1.61M |
|
2048
Lexicon Pharmaceuticals
LXRX
$1.09B
| $1.58M | ﹤0.01% |
+344,600
| New | +$1.66M |
|
2049
Red Robin
RRGB
$151M
| $1.57M | ﹤0.01% |
+47,300
| New | +$1.61M |
|
|
SCU
2050
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $1.56M | ﹤0.01% |
+63,600
| New | +$1.53M |
|
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.