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 | |
|---|---|---|---|---|---|---|
2101
AbCellera Biologics
ABCL
$1.81B
| $1.1M | ﹤0.01% |
+50,000
| New | +$1.38M |
|
2102
Metallus
MTUS
$900M
| $1.1M | ﹤0.01% |
+77,500
| New | +$1.05M |
|
2103
Transcat
TRNS
$877M
| $1.1M | ﹤0.01% |
+19,400
| New | +$1.01M |
|
|
NPKI
2104
NPK International
NPKI
$1.15B
| $1.09M | ﹤0.01% |
+313,800
| New | +$1.06M |
|
2105
The RMR Group
RMR
$324M
| $1.08M | ﹤0.01% |
28,017
| – | – |
|
|
OLO
2106
DELISTED
Olo Inc
OLO
| $1.08M | ﹤0.01% |
28,820
-321,180
| -92% | -$10.2M |
|
2107
Celldex Therapeutics
CLDX
$3.22B
| $1.08M | ﹤0.01% |
+32,200
| New | +$884K |
|
2108
OrthoPediatrics
KIDS
$573M
| $1.07M | ﹤0.01% |
17,018
| – | – |
|
|
PRTK
2109
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $1.07M | ﹤0.01% |
+157,200
| New | +$1.27M |
|
|
UBX
2110
DELISTED
Unity Biotechnology
UBX
| $1.06M | ﹤0.01% |
+22,900
| New | +$1.1M |
|
2111
PC Connection
CNXN
$2.17B
| $1.06M | ﹤0.01% |
+22,900
| New | +$1.07M |
|
2112
V2X
VVX
$2.44B
| $1.05M | ﹤0.01% |
22,100
-5,000
| -18% | -$257K |
|
|
FSP
2113
Franklin Street Properties
FSP
$48M
| $1.05M | ﹤0.01% |
199,798
-238,773
| -54% | -$1.28M |
|
|
CDMO
2114
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $1.02M | ﹤0.01% |
+39,600
| New | +$846K |
|
2115
Teekay
TK
$946M
| $1.01M | ﹤0.01% |
+272,086
| New | +$962K |
|
2116
Gorman-Rupp
GRC
$2.25B
| $1M | ﹤0.01% |
+29,100
| New | +$1.01M |
|
2117
Rhythm Pharmaceuticals
RYTM
$7.59B
| $1M | ﹤0.01% |
51,161
-13,947
| -21% | -$290K |
|
2118
Evolus
EOLS
$407M
| $996K | ﹤0.01% |
+78,700
| New | +$865K |
|
|
IVC
2119
DELISTED
Invacare Corporation
IVC
| $987K | ﹤0.01% |
+122,266
| New | +$1.02M |
|
2120
Ooma
OOMA
$590M
| $981K | ﹤0.01% |
+52,026
| New | +$943K |
|
2121
Angi Inc
ANGI
$194M
| $976K | ﹤0.01% |
7,218
-12,776
| -64% | -$1.86M |
|
2122
Black Diamond Therapeutics
BDTX
$103M
| $975K | ﹤0.01% |
80,000
| – | – |
|
|
NOTV
2123
DELISTED
Inotiv
NOTV
| $974K | ﹤0.01% |
+36,500
| New | +$914K |
|
2124
Greenlight Captial
GLRE
$522M
| $935K | ﹤0.01% |
+102,400
| New | +$938K |
|
2125
Health Catalyst
HCAT
$177M
| $918K | ﹤0.01% |
+16,535
| New | +$881K |
|
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.