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 | |
|---|---|---|---|---|---|---|
551
Darden Restaurants
DRI
$24.4B
| $71.6M | 0.03% |
1,315,434
| – | – |
|
552
Roku
ROKU
$22.6B
| $71.2M | 0.03% |
814,155
-14,546
| -2% | -$1.67M |
|
553
Genpact
G
$5.82B
| $71.2M | 0.03% |
2,437,083
-179,044
| -7% | -$7.01M |
|
554
Carlisle Companies
CSL
$15.3B
| $70.8M | 0.03% |
565,375
-24,493
| -4% | -$3.63M |
|
|
WRK
555
DELISTED
WestRock Company
WRK
| $70.4M | 0.03% |
2,490,305
| – | – |
|
556
Bausch Health
BHC
$2.29B
| $70.3M | 0.03% |
3,446,576
+21,873
| +0.6% | +$527K |
|
557
CarMax
KMX
$8.29B
| $70.3M | 0.03% |
1,305,727
-46,322
| -3% | -$3.92M |
|
558
Gartner
IT
$11.9B
| $70.2M | 0.03% |
705,142
+5,185
| +0.7% | +$710K |
|
559
Trimble
TRMB
$13.7B
| $70.2M | 0.03% |
2,204,433
-60,187
| -3% | -$2.35M |
|
560
Watsco Inc
WSO
$13.6B
| $70.1M | 0.03% |
443,479
-11,313
| -2% | -$1.91M |
|
561
Kinross Gold
KGC
$32.3B
| $70M | 0.02% |
16,596,552
+621,000
| +4% | +$3M |
|
562
Americold
COLD
$4.16B
| $69.4M | 0.02% |
2,037,663
+47,009
| +2% | +$1.57M |
|
563
Iron Mountain
IRM
$36.3B
| $69.2M | 0.02% |
2,906,782
| – | – |
|
564
Monolithic Power Systems
MPWR
$68.3B
| $69.1M | 0.02% |
412,813
| – | – |
|
565
Moderna
MRNA
$23B
| $69M | 0.02% |
2,304,942
+1,748,515
| +314% | +$40.2M |
|
566
Penumbra
PEN
$12.8B
| $68.7M | 0.02% |
425,849
-60,714
| -12% | -$10.2M |
|
567
Stellantis
STLA
$20.7B
| $68.6M | 0.02% |
9,464,701
-1,743,999
| -16% | -$20.7M |
|
568
Neurocrine Biosciences
NBIX
$16.6B
| $68.4M | 0.02% |
790,835
+4,921
| +0.6% | +$482K |
|
569
Reynolds Consumer Products
REYN
$5.55B
| $68.3M | 0.02% |
+2,342,939
| New | +$67.5M |
|
570
CMS Energy
CMS
$22.4B
| $68.1M | 0.02% |
1,159,385
-718,924
| -38% | -$46M |
|
|
ZNGA
571
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $68.1M | 0.02% |
9,941,468
-448,606
| -4% | -$2.95M |
|
|
SJR
572
DELISTED
Shaw Communications Inc.
SJR
| $68M | 0.02% |
4,191,508
+42,665
| +1% | +$774K |
|
|
LSXMA
573
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $67.8M | 0.02% |
2,960,387
-149,474
| -5% | -$4.72M |
|
|
HRC
574
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $67.3M | 0.02% |
668,874
-24,761
| -4% | -$2.56M |
|
575
Snap-on
SNA
$21.4B
| $67M | 0.02% |
615,819
| – | – |
|
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.