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 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$575M |
| 2 |
Walmart Inc
WMT
|
+$466M |
| 3 |
Tesla
TSLA
|
+$437M |
| 4 |
Amazon
AMZN
|
+$397M |
| 5 |
Regency Centers
REG
|
+$345M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.09B |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$506M |
| 3 |
Linde
LIN
|
+$317M |
| 4 |
Suncor Energy
SU
|
+$289M |
| 5 |
Blackrock
BLK
|
+$260M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.16% |
| 2 | Healthcare | 14.75% |
| 3 | Financials | 14.39% |
| 4 | Consumer Discretionary | 11.88% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Atmos Energy
ATO
$29.1B
| $76.8M | 0.03% |
774,259
+18,991
| +3% | +$2.09M |
|
527
Howmet Aerospace
HWM
$114B
| $76.8M | 0.03% |
6,235,973
+445,418
| +8% | +$9.26M |
|
|
LSXMK
528
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $76.5M | 0.03% |
3,176,038
+1,223,780
| +63% | +$41M |
|
|
MLNX
529
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $76.4M | 0.03% |
629,630
+100,000
| +19% | +$11.8M |
|
530
Dover
DOV
$28.6B
| $76.3M | 0.03% |
909,035
-122,026
| -12% | -$12.9M |
|
531
Teva Pharmaceuticals
TEVA
$40.9B
| $76.1M | 0.03% |
8,477,252
| – | – |
|
532
Crown Holdings
CCK
$13.1B
| $76M | 0.03% |
1,308,736
-87,157
| -6% | -$6.07M |
|
533
Vipshop
VIPS
$7.51B
| $75.9M | 0.03% |
4,871,555
-614,923
| -11% | -$8.74M |
|
534
JB Hunt Transport Services
JBHT
$25.3B
| $75.8M | 0.03% |
822,051
| – | – |
|
|
AZPN
535
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $75.4M | 0.03% |
792,986
+11,555
| +1% | +$1.1M |
|
536
iRhythm Holdings
IRTC
$4.28B
| $75.1M | 0.03% |
923,582
-605,557
| -40% | -$50.2M |
|
537
GFL Environmental
GFL
$15.2B
| $75M | 0.03% |
+4,981,646
| New | +$78.4M |
|
|
HES
538
DELISTED
Hess
HES
| $73.6M | 0.03% |
2,210,423
-326,099
| -13% | -$17.6M |
|
539
Assurant
AIZ
$14.5B
| $73.5M | 0.03% |
706,589
-47,627
| -6% | -$5.87M |
|
540
Entegris
ENTG
$22.7B
| $73.5M | 0.03% |
1,642,521
-63,357
| -4% | -$3.29M |
|
541
Cognex
CGNX
$11.4B
| $73.4M | 0.03% |
1,739,213
-107,638
| -6% | -$5.39M |
|
542
W.R. Berkley
WRB
$26.7B
| $73.3M | 0.03% |
3,160,008
| – | – |
|
543
Bio-Rad Laboratories Class A
BIO
$9.26B
| $73.2M | 0.03% |
208,929
-2,342
| -1% | -$861K |
|
544
Annaly Capital Management
NLY
$17.4B
| $73.1M | 0.03% |
3,605,411
-393,721
| -10% | -$13.8M |
|
545
Occidental Petroleum
OXY
$56.3B
| $72.9M | 0.03% |
6,298,445
-3,004,049
| -32% | -$98.7M |
|
546
F5
FFIV
$23.2B
| $72.5M | 0.03% |
679,989
| – | – |
|
547
Camden Property Trust
CPT
$11.1B
| $72.5M | 0.03% |
914,428
+18,853
| +2% | +$1.96M |
|
548
Nordson
NDSN
$17.2B
| $72.2M | 0.03% |
534,284
+5,794
| +1% | +$892K |
|
549
Haemonetics
HAE
$3.91B
| $72M | 0.03% |
722,059
| – | – |
|
|
COR
550
DELISTED
Coresite Realty Corporation
COR
| $71.9M | 0.03% |
620,054
-7,636
| -1% | -$850K |
|
Similar funds
Norges Bank's Q1 2020 Portfolio in Review
As of Q1 2020, Norges Bank held 2,120 positions worth $281B, down 22% from $358B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Norges Bank's Q1 2020 filing shows 46 new, 634 increased, 723 reduced and 74 closed positions. Its largest new stake was Royal Dutch Shell PLC ADS Class B: 12,264,605 shares worth $401M. The largest sale was Apple, an estimated $1.09B.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
- Norges Bank's largest Q1 2020 buy was Royal Dutch Shell PLC ADS Class B: 12,264,605 shares worth $401M.
- Norges Bank added most to Walmart Inc in Q1 2020, an estimated $466M increase.
- Norges Bank's biggest Q1 2020 reduction was Apple, cutting an estimated $1.09B.
- Norges Bank fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $164M.
- Norges Bank's ten largest holdings make up 21% of its $281B portfolio in Q1 2020.
- Norges Bank opened 46 new positions and closed 74 in Q1 2020.
- Norges Bank's portfolio value fell 22% quarter-over-quarter to $281B.
Based on Norges Bank's 13F filing for Q1 2020, filed 8 May 2020.