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 |
Walmart Inc
WMT
|
+$864M |
| 2 |
T-Mobile US
TMUS
|
+$580M |
| 3 |
Meta Platforms (Facebook)
META
|
+$367M |
| 4 |
AbbVie
ABBV
|
+$348M |
| 5 |
Blackrock
BLK
|
+$335M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$692M |
| 2 |
RTN
Raytheon Company
RTN
|
+$368M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$279M |
| 4 |
Visa
V
|
+$237M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
401
Mid-America Apartment Communities
MAA
$15.4B
| $138M | 0.04% |
1,199,829
+55,731
| +5% | +$6.28M |
|
402
Zebra Technologies
ZBRA
$14B
| $137M | 0.04% |
533,494
-10,431
| -2% | -$2.44M |
|
403
Principal Financial Group
PFG
$24.3B
| $135M | 0.04% |
3,257,554
+276,210
| +9% | +$10.1M |
|
404
Western Digital
WDC
$188B
| $135M | 0.04% |
4,031,419
+57,648
| +1% | +$1.87M |
|
405
Check Point Software Technologies
CHKP
$13B
| $134M | 0.04% |
1,249,219
-8,553
| -0.7% | -$906K |
|
406
Expeditors International
EXPD
$22B
| $134M | 0.04% |
1,763,537
+32,984
| +2% | +$2.41M |
|
407
Public Service Enterprise Group
PEG
$38.2B
| $134M | 0.04% |
2,726,168
-851,329
| -24% | -$42.4M |
|
408
EPAM Systems
EPAM
$5.51B
| $134M | 0.04% |
531,603
-18,210
| -3% | -$4.01M |
|
409
Alnylam Pharmaceuticals
ALNY
$27.5B
| $134M | 0.04% |
902,319
-85,446
| -9% | -$11.5M |
|
410
SiriusXM
SIRI
$9.98B
| $133M | 0.04% |
2,264,301
+1,483,521
| +190% | +$83.1M |
|
411
Aon
AON
$76.5B
| $132M | 0.04% |
687,297
-318,061
| -32% | -$59.3M |
|
412
Broadridge
BR
$17.8B
| $132M | 0.04% |
1,047,624
-52,805
| -5% | -$6.11M |
|
413
Tyler Technologies
TYL
$12.7B
| $132M | 0.04% |
380,243
-23,739
| -6% | -$7.97M |
|
|
EXAS
414
DELISTED
Exact Sciences
EXAS
| $132M | 0.04% |
1,512,887
-97,946
| -6% | -$7.83M |
|
415
Pembina Pipeline
PBA
$28.4B
| $131M | 0.04% |
5,256,744
+429,427
| +9% | +$9.93M |
|
416
Cooper Companies
COO
$14.1B
| $131M | 0.04% |
1,853,040
-61,284
| -3% | -$4.54M |
|
|
DFS
417
DELISTED
Discover Financial Services
DFS
| $131M | 0.04% |
2,616,844
-259,418
| -9% | -$11.4M |
|
418
Invitation Homes
INVH
$17.7B
| $131M | 0.04% |
4,749,836
+250,227
| +6% | +$6.27M |
|
|
ETFC
419
DELISTED
E*Trade Financial Corporation
ETFC
| $130M | 0.04% |
2,621,590
+155,516
| +6% | +$6.7M |
|
420
Sun Communities
SUI
$15.2B
| $130M | 0.04% |
960,712
+43,500
| +5% | +$5.77M |
|
421
Steris
STE
$22.3B
| $129M | 0.04% |
842,005
-73,316
| -8% | -$11.2M |
|
422
Wolfspeed
WOLF
$1.23B
| $129M | 0.04% |
2,180,384
-101,553
| -4% | -$4.89M |
|
423
Burlington
BURL
$23.2B
| $129M | 0.04% |
655,050
-16,357
| -2% | -$3.08M |
|
424
Vulcan Materials
VMC
$34.8B
| $128M | 0.04% |
1,107,529
+79,337
| +8% | +$8.69M |
|
425
FMC
FMC
$1.34B
| $128M | 0.04% |
1,287,645
+128,687
| +11% | +$11.9M |
|
Similar funds
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.