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 | |
|---|---|---|---|---|---|---|
|
MPT
501
Medical Properties Trust
MPT
$2.75B
| $99M | 0.03% |
5,264,894
-233,409
| -4% | -$4.13M |
|
502
Cincinnati Financial
CINF
$27.3B
| $98.8M | 0.03% |
1,543,716
-2,686
| -0.2% | -$177K |
|
503
IDEX
IEX
$17.2B
| $98.5M | 0.03% |
623,536
-100,094
| -14% | -$15.3M |
|
504
Bilibili
BILI
$8.05B
| $98.4M | 0.03% |
2,124,858
+637,580
| +43% | +$20.7M |
|
|
VAR
505
DELISTED
Varian Medical Systems, Inc.
VAR
| $98.3M | 0.03% |
802,730
-72,259
| -8% | -$8.37M |
|
506
Dentsply Sirona
XRAY
$2.83B
| $98.3M | 0.03% |
2,231,550
-314,193
| -12% | -$13.3M |
|
507
Advance Auto Parts
AAP
$3.36B
| $98.2M | 0.03% |
689,666
-12,089
| -2% | -$1.54M |
|
508
Bio-Rad Laboratories Class A
BIO
$8.96B
| $97.3M | 0.03% |
215,484
+6,555
| +3% | +$2.89M |
|
509
Molina Healthcare
MOH
$10.2B
| $97.1M | 0.03% |
545,665
-64,424
| -11% | -$11M |
|
510
Trimble
TRMB
$13.5B
| $96.2M | 0.03% |
2,227,930
+23,497
| +1% | +$881K |
|
|
BKI
511
DELISTED
Black Knight, Inc. Common Stock
BKI
| $96.1M | 0.03% |
1,324,251
-41,649
| -3% | -$2.95M |
|
|
CTLT
512
DELISTED
CATALENT, INC.
CTLT
| $96M | 0.03% |
1,309,600
-194,389
| -13% | -$13.2M |
|
513
UDR
UDR
$12.4B
| $95.9M | 0.03% |
2,565,426
-330,288
| -11% | -$12.3M |
|
|
CMA
514
DELISTED
Comerica
CMA
| $95.8M | 0.03% |
2,513,264
+1,493,441
| +146% | +$52.1M |
|
515
Amdocs
DOX
$5.88B
| $95.6M | 0.03% |
1,570,641
+47,868
| +3% | +$2.96M |
|
516
Ally Financial
ALLY
$13.4B
| $95.5M | 0.03% |
4,815,007
+262,377
| +6% | +$4.46M |
|
517
Lamb Weston
LW
$7.29B
| $95M | 0.03% |
1,486,670
+28,530
| +2% | +$1.72M |
|
518
Entergy
ETR
$50.4B
| $94.5M | 0.03% |
2,015,548
-681,922
| -25% | -$33.1M |
|
519
Telus
TU
$15B
| $94.4M | 0.03% |
5,628,712
-638,563
| -10% | -$10.6M |
|
520
Host Hotels & Resorts
HST
$17.2B
| $94.2M | 0.03% |
8,733,163
+42,267
| +0.5% | +$485K |
|
521
VICI Properties
VICI
$29.2B
| $94.2M | 0.03% |
4,665,144
-881,652
| -16% | -$16.1M |
|
522
FIVE9
FIVN
$2.22B
| $94M | 0.03% |
849,057
+34,838
| +4% | +$3.39M |
|
523
Dynatrace
DT
$12.9B
| $93.8M | 0.03% |
2,309,437
-212,031
| -8% | -$6.98M |
|
524
Brown & Brown
BRO
$24B
| $93.6M | 0.03% |
2,295,987
-12,950
| -0.6% | -$500K |
|
525
Liberty Global Class C
LBTYK
$3.63B
| $93.3M | 0.03% |
4,338,178
+1,787,969
| +70% | +$35.7M |
|
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.