We are live on ! Find out more
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
+26.1%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$347B
AUM Growth
+$66.7B
Cap. Flow
+$5.55B
Cap. Flow %
1.6%
Top 10 Hldgs %
22.34%
Holding
2,120
New
74
Increased
993
Reduced
738
Closed
44

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$864M
2
TMUS icon
T-Mobile US
TMUS
+$580M
3
META icon
Meta Platforms (Facebook)
META
+$367M
4
ABBV icon
AbbVie
ABBV
+$348M
5
BLK icon
Blackrock
BLK
+$335M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$692M
2
RTN
Raytheon Company
RTN
+$368M
3
BMY icon
Bristol-Myers Squibb
BMY
+$279M
4
V icon
Visa
V
+$237M
5
INTC icon
Intel
INTC
+$187M

Sector Composition

Rank Sector Weight
1 Technology 22.84%
2 Healthcare 13.58%
3 Financials 13.55%
4 Consumer Discretionary 13.35%
5 Communication Services 10.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADM icon
276
Archer Daniels Midland
ADM
$38.2B
$219M 0.06%
5,488,797
+39,869
+0.7% +$1.49M
SLF icon
277
Sun Life Financial
SLF
$46B
$219M 0.06%
5,949,892
+396,655
+7% +$13.6M
MAR icon
278
Marriott International
MAR
$98.3B
$218M 0.06%
2,541,695
+218,959
+9% +$19M
ALGN icon
279
Align Technology
ALGN
$12.1B
$217M 0.06%
791,028
-2,450
-0.3% -$552K
AMP icon
280
Ameriprise Financial
AMP
$48.3B
$215M 0.06%
1,432,134
-507,162
-26% -$65M
WELL icon
281
Welltower
WELL
$169B
$215M 0.06%
4,151,281
+186,381
+5% +$9.16M
VRSN icon
282
VeriSign
VRSN
$26.2B
$214M 0.06%
1,034,224
-47,316
-4% -$9.82M
F icon
283
Ford
F
$58.5B
$213M 0.06%
34,961,139
-830,678
-2% -$4.6M
DRI icon
284
Darden Restaurants
DRI
$23.3B
$212M 0.06%
2,798,827
+1,483,393
+113% +$105M
RMD icon
285
ResMed
RMD
$30.6B
$211M 0.06%
1,099,485
-53,078
-5% -$8.68M
CTAS icon
286
Cintas
CTAS
$81.9B
$211M 0.06%
3,167,816
+6,288
+0.2% +$364K
ANET icon
287
Arista Networks
ANET
$227B
$211M 0.06%
16,054,848
+6,475,024
+68% +$87.6M
MRVL icon
288
Marvell Technology
MRVL
$168B
$210M 0.06%
5,990,392
-198,778
-3% -$5.82M
TWTR
289
DELISTED
Twitter, Inc.
TWTR
$210M 0.06%
7,042,054
+127,391
+2% +$3.84M
O icon
290
Realty Income
O
$59.6B
$209M 0.06%
3,622,361
+112,523
+3% +$5.99M
ANSS
291
DELISTED
Ansys
ANSS
$208M 0.06%
714,036
-29,315
-4% -$7.81M
DLTR icon
292
Dollar Tree
DLTR
$24.4B
$208M 0.06%
2,242,590
-309,753
-12% -$25.8M
LVS icon
293
Las Vegas Sands
LVS
$31.7B
$207M 0.06%
4,551,156
+314,026
+7% +$14.8M
EXC icon
294
Exelon
EXC
$47.2B
$207M 0.06%
7,998,732
-3,350,814
-30% -$89M
VFC icon
295
VF Corp
VFC
$5.63B
$207M 0.06%
3,389,780
+128,429
+4% +$7.48M
ZTO icon
296
ZTO Express
ZTO
$18.3B
$206M 0.06%
5,602,376
+586,981
+12% +$18.7M
ES icon
297
Eversource Energy
ES
$26.9B
$205M 0.06%
2,464,007
+65,759
+3% +$5.45M
MFC icon
298
Manulife Financial
MFC
$73.9B
$205M 0.06%
15,117,313
-235,758
-2% -$2.97M
WMB icon
299
Williams Companies
WMB
$87.5B
$202M 0.06%
10,632,958
+427,016
+4% +$7.95M
FTNT icon
300
Fortinet
FTNT
$119B
$201M 0.06%
7,318,845
-796,390
-10% -$20M
10 11
12
13 14

Similar funds

CIBC Private Wealth Group
CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return
Two Sigma Advisers
Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return
Comerica Bank
Comerica Bank Dallas, Texas $25.1B AUM 24.68% 1-Year Est. Return
CWM
CIBC World Markets New York $20.8B AUM
VRS
Virginia Retirement Systems Richmond, Virginia $16.8B AUM 25.91% 1-Year Est. Return
FAF
Första AP-fonden Stockholm, Sweden $16.8B AUM 29.64% 1-Year Est. Return
BGIM
Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return
CIM
CCLA Investment Management London, United Kingdom $6.23B AUM 5.02% 1-Year Est. Return

Norges Bank's Q2 2020 Portfolio in Review

As of Q2 2020, Norges Bank held 2,120 positions worth $347B, up 24% from $281B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Norges Bank's Q2 2020 filing shows 74 new, 993 increased, 738 reduced and 44 closed positions. Its largest new stake was Nikola Corporation Common Stock: 333,333 shares worth $675M. The largest sale was Allergan plc, an estimated $692M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Financials.

  • Norges Bank's largest Q2 2020 buy was Nikola Corporation Common Stock: 333,333 shares worth $675M.
  • Norges Bank added most to Walmart Inc in Q2 2020, an estimated $864M increase.
  • Norges Bank's biggest Q2 2020 reduction was Bristol-Myers Squibb, cutting an estimated $279M.
  • Norges Bank fully exited Allergan plc in Q2 2020, selling an estimated $692M.
  • Norges Bank's ten largest holdings make up 22% of its $347B portfolio in Q2 2020.
  • Norges Bank opened 74 new positions and closed 44 in Q2 2020.
  • Norges Bank's portfolio value rose 24% quarter-over-quarter to $347B.

Based on Norges Bank's 13F filing for Q2 2020, filed 7 Aug 2020.