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 | |
|---|---|---|---|---|---|---|
|
EB
2226
DELISTED
Eventbrite
EB
| – | – |
-520,740
| Closed | -$11.5M |
|
2227
Ethan Allen Interiors
ETD
$620M
| – | – |
-28,496
| Closed | -$787K |
|
|
ETNB
2228
DELISTED
89bio
ETNB
| – | – |
-49,300
| Closed | -$1.17M |
|
2229
Extreme Networks
EXTR
$3.46B
| – | – |
-349,600
| Closed | -$3.06M |
|
|
GOCO
2230
DELISTED
GoHealth
GOCO
| – | – |
-26,667
| Closed | -$4.68M |
|
2231
Groupon
GRPN
$1.05B
| – | – |
-206,200
| Closed | -$10.4M |
|
2232
FerroAtlántica
GSM
$744M
| – | – |
-382,600
| Closed | -$1.45M |
|
2233
InMode
INMD
$873M
| – | – |
-714,800
| Closed | -$25.9M |
|
|
JKS
2234
JinkoSolar
JKS
$812M
| – | – |
-201,786
| Closed | -$8.41M |
|
2235
Kiniksa Pharmaceuticals
KNSA
$6.05B
| – | – |
-21,947
| Closed | -$406K |
|
2236
Lifecore Biomedical
LFCR
$164M
| – | – |
-11,400
| Closed | -$121K |
|
|
LVTX
2237
DELISTED
LAVA Therapeutics
LVTX
| – | – |
-17,300
| Closed | -$263K |
|
2238
nCino
NCNO
$2.1B
| – | – |
-231,595
| Closed | -$15.5M |
|
2239
New Fortress Energy
NFE
$96.4M
| – | – |
-30,026
| Closed | -$1.38M |
|
2240
NN Inc
NNBR
$297M
| – | – |
-138,878
| Closed | -$982K |
|
|
NVMI
2241
Nova
NVMI
$12.9B
| – | – |
-52,663
| Closed | -$4.63M |
|
2242
Oscar Health
OSCR
$9.31B
| – | – |
-514,163
| Closed | -$13.8M |
|
2243
OraSure Technologies
OSUR
$283M
| – | – |
-43,464
| Closed | -$507K |
|
2244
Impinj
PI
$4.96B
| – | – |
-199,500
| Closed | -$11.3M |
|
|
PLYA
2245
DELISTED
Playa Hotels & Resorts
PLYA
| – | – |
-772,890
| Closed | -$5.64M |
|
2246
QCR Holdings
QCRH
$1.72B
| – | – |
-26,666
| Closed | -$1.26M |
|
2247
QuantumScape Corp
QS
$3.38B
| – | – |
-947,486
| Closed | -$42.4M |
|
|
RDUS
2248
DELISTED
Radius Recycling
RDUS
| – | – |
-23,625
| Closed | -$987K |
|
2249
RLX Technology
RLX
$2.4B
| – | – |
-82,842
| Closed | -$858K |
|
2250
Repay Holdings
RPAY
$335M
| – | – |
-470,100
| Closed | -$11M |
|
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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.