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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
CONE
651
DELISTED
CyrusOne Inc Common Stock
CONE
$69.9M 0.02%
960,436
-14,320
-1% -$1.02M
MHK icon
652
Mohawk Industries
MHK
$8.11B
$69.9M 0.02%
686,451
+75,758
+12% +$6.66M
AMED
653
DELISTED
Amedisys
AMED
$69.6M 0.02%
350,472
-186,791
-35% -$34.8M
Y
654
DELISTED
Alleghany Corp
Y
$69.3M 0.02%
141,731
+1,232
+0.9% +$638K
PNW icon
655
Pinnacle West Capital
PNW
$12.2B
$68.6M 0.02%
936,174
-183,200
-16% -$13.8M
PRGO icon
656
Perrigo
PRGO
$1.48B
$68.5M 0.02%
1,238,729
-65,589
-5% -$3.46M
BYND icon
657
Beyond Meat
BYND
$316M
$68.4M 0.02%
510,436
-351
-0.1% -$41.6K
FAF icon
658
First American
FAF
$7.7B
$68.3M 0.02%
1,422,912
+28,168
+2% +$1.33M
IPGP icon
659
IPG Photonics
IPGP
$3.7B
$68.2M 0.02%
425,413
-16,926
-4% -$2.41M
HTHT icon
660
Huazhu Hotels Group
HTHT
$13.1B
$68.2M 0.02%
1,945,269
+584,731
+43% +$19.4M
VOYA icon
661
Voya Financial
VOYA
$9.07B
$68.2M 0.02%
1,461,372
-109,792
-7% -$4.88M
CVA
662
DELISTED
Covanta Holding Corporation
CVA
$68M 0.02%
7,093,986
+1,839,175
+35% +$15.7M
RBA icon
663
RB Global
RBA
$20.9B
$67.8M 0.02%
1,232,447
+72,822
+6% +$2.98M
LPLA icon
664
LPL Financial
LPLA
$28.8B
$67.3M 0.02%
858,968
-47,524
-5% -$3.18M
NI icon
665
NiSource
NI
$21.3B
$67.3M 0.02%
2,959,054
+541,838
+22% +$13.1M
ROL icon
666
Rollins
ROL
$18.4B
$67.2M 0.02%
2,378,823
+46,483
+2% +$1.24M
PTC icon
667
PTC
PTC
$16.2B
$66.9M 0.02%
860,233
+62,124
+8% +$4.4M
AGNC icon
668
AGNC Investment
AGNC
$12.4B
$66.8M 0.02%
5,182,146
-143,372
-3% -$1.8M
AIZ icon
669
Assurant
AIZ
$14B
$66.8M 0.02%
647,088
-59,501
-8% -$6.16M
TECD
670
DELISTED
Tech Data Corp
TECD
$66.6M 0.02%
459,542
+51,000
+12% +$7.05M
AMCR icon
671
Amcor
AMCR
$21.3B
$66.6M 0.02%
1,303,821
– –
HDS
672
DELISTED
HD Supply Holdings, Inc.
HDS
$66.5M 0.02%
1,920,577
-82,924
-4% -$2.57M
AZPN
673
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$66.5M 0.02%
642,077
-150,909
-19% -$15.6M
AMH icon
674
American Homes 4 Rent
AMH
$12.4B
$66.4M 0.02%
2,469,726
– –
ESNT icon
675
Essent Group
ESNT
$6.15B
$66.4M 0.02%
1,830,855
+905,911
+98% +$27.8M
25 26
27
28 29

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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.