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 | |
|---|---|---|---|---|---|---|
|
CBB
2126
DELISTED
Cincinnati Bell Inc.
CBB
| $885K | ﹤0.01% |
57,400
-428,228
| -88% | -$6.6M |
|
|
QADA
2127
DELISTED
QAD Inc.
QADA
| $870K | ﹤0.01% |
10,000
-1,800
| -15% | -$131K |
|
|
AERI
2128
DELISTED
Aerie Pharmaceuticals
AERI
| $842K | ﹤0.01% |
52,620
-192,606
| -79% | -$3.3M |
|
2129
Adtran
ADTN
$641M
| $804K | ﹤0.01% |
38,946
| – | – |
|
2130
JFrog
FROG
$10.2B
| $803K | ﹤0.01% |
17,645
-41,103
| -70% | -$1.85M |
|
|
RNWK
2131
DELISTED
RealNetworks Inc
RNWK
| $801K | ﹤0.01% |
+343,800
| New | +$1M |
|
2132
Arq
ARQ
$88M
| $785K | ﹤0.01% |
+105,900
| New | +$653K |
|
|
SGFY
2133
DELISTED
Signify Health, Inc.
SGFY
| $769K | ﹤0.01% |
25,267
+15,267
| +153% | +$420K |
|
|
DESP
2134
DELISTED
Despegar.com
DESP
| $765K | ﹤0.01% |
57,900
-30,300
| -34% | -$408K |
|
|
GOLD
2135
Gold.com Inc
GOLD
$1.26B
| $753K | ﹤0.01% |
+32,400
| New | +$723K |
|
|
TRST
2136
Trustco Bank Corp NY
TRST
$968M
| $753K | ﹤0.01% |
21,907
| – | – |
|
2137
Modine Manufacturing
MOD
$10.3B
| $751K | ﹤0.01% |
45,254
| – | – |
|
2138
Tredegar Corp
TG
$271M
| $747K | ﹤0.01% |
54,222
| – | – |
|
2139
Tootsie Roll Industries
TR
$2.99B
| $721K | ﹤0.01% |
24,639
+8,589
| +54% | +$242K |
|
2140
Prelude Therapeutics
PRLD
$362M
| $716K | ﹤0.01% |
25,000
| – | – |
|
|
AOMR
2141
Angel Oak Mortgage REIT
AOMR
$221M
| $715K | ﹤0.01% |
+40,000
| New | +$722K |
|
|
ONTF
2142
DELISTED
ON24
ONTF
| $710K | ﹤0.01% |
20,000
| – | – |
|
2143
BellRing Brands
BRBR
$1.47B
| $708K | ﹤0.01% |
22,600
-9,000
| -28% | -$246K |
|
2144
Comscore
SCOR
$114M
| $703K | ﹤0.01% |
7,030
-14,479
| -67% | -$1.14M |
|
2145
Similarweb
SMWB
$652M
| $690K | ﹤0.01% |
+35,000
| New | +$725K |
|
2146
Monte Rosa Therapeutics
GLUE
$1.32B
| $681K | ﹤0.01% |
+30,000
| New | +$611K |
|
2147
Clearwater Paper
CLW
$367M
| $680K | ﹤0.01% |
23,470
| – | – |
|
|
LORL
2148
DELISTED
Loral Space and Communications, Inc.
LORL
| $675K | ﹤0.01% |
17,382
| – | – |
|
2149
Nexa Resources
NEXA
$1.86B
| $645K | ﹤0.01% |
73,495
-259,110
| -78% | -$2.66M |
|
2150
Hydrofarm Holdings
HYFM
$7.72M
| $643K | ﹤0.01% |
1,087
-2,004
| -65% | -$1.18M |
|
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.