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
|
+$518M |
| 2 |
Zoom
ZM
|
+$517M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$376M |
| 4 |
Match Group
MTCH
|
+$249M |
| 5 |
CrowdStrike
CRWD
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$658M |
| 2 |
Linde
LIN
|
+$320M |
| 3 |
Bank of America
BAC
|
+$307M |
| 4 |
PPLI
People Inc
PPLI
|
+$300M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$252M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.61% |
| 2 | Consumer Discretionary | 14.53% |
| 3 | Healthcare | 13.24% |
| 4 | Financials | 12.9% |
| 5 | Communication Services | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
Lithia Motors
LAD
$8.26B
| $70.8M | 0.02% |
310,566
+49,359
| +19% | +$11.1M |
|
677
Bright Horizons
BFAM
$3.89B
| $70.6M | 0.02% |
464,316
| – | – |
|
678
Quanta Services
PWR
$100B
| $70.6M | 0.02% |
1,335,397
+16,117
| +1% | +$750K |
|
679
Bausch Health
BHC
$2.21B
| $70.6M | 0.02% |
3,650,566
+20,279
| +0.6% | +$349K |
|
680
Jack Henry & Associates
JKHY
$11.2B
| $70.4M | 0.02% |
432,855
-121,305
| -22% | -$21.1M |
|
681
Sarepta Therapeutics
SRPT
$1.77B
| $70.1M | 0.02% |
498,866
-62,764
| -11% | -$9.54M |
|
682
The Mosaic Company
MOS
$7.46B
| $69.6M | 0.02% |
3,808,549
-205,390
| -5% | -$3.34M |
|
683
Live Nation Entertainment
LYV
$42.3B
| $69.5M | 0.02% |
1,289,283
+25,565
| +2% | +$1.32M |
|
684
Lincoln National
LNC
$8.93B
| $69.4M | 0.02% |
2,216,593
-18,677
| -0.8% | -$667K |
|
|
AZPN
685
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $69.4M | 0.02% |
547,921
-94,156
| -15% | -$11.9M |
|
|
GFLU
686
DELISTED
GFL Environmental Inc. Tangible Equity Units
GFLU
| $69.3M | 0.02% |
1,300,000
| – | – |
|
687
Performance Food Group
PFGC
$18B
| $69.2M | 0.02% |
1,998,165
-590,526
| -23% | -$19M |
|
688
IPG Photonics
IPGP
$3.69B
| $68.9M | 0.02% |
405,413
-20,000
| -5% | -$3.3M |
|
689
CubeSmart
CUBE
$9.42B
| $68.7M | 0.02% |
2,125,130
-49,257
| -2% | -$1.49M |
|
690
Sensata Technologies
ST
$6.74B
| $68.5M | 0.02% |
1,588,299
-38,581
| -2% | -$1.57M |
|
691
American Homes 4 Rent
AMH
$12.4B
| $68.2M | 0.02% |
2,394,327
-75,399
| -3% | -$2.13M |
|
692
Natera
NTRA
$38B
| $68.1M | 0.02% |
943,228
+260,800
| +38% | +$14.8M |
|
693
Delta Air Lines
DAL
$60.5B
| $67.9M | 0.02% |
2,221,918
+28,858
| +1% | +$832K |
|
694
Omnicom Group
OMC
$22.6B
| $67.9M | 0.02% |
1,372,226
-16,588
| -1% | -$888K |
|
695
NiSource
NI
$20.8B
| $67.8M | 0.02% |
3,083,555
+124,501
| +4% | +$2.89M |
|
696
Penumbra
PEN
$12.8B
| $67.6M | 0.02% |
347,863
-81,974
| -19% | -$17.2M |
|
697
Robert Half
RHI
$4.16B
| $67.4M | 0.02% |
1,273,910
+37,798
| +3% | +$2.01M |
|
|
WMGI
698
DELISTED
Wright Medical Group Inc
WMGI
| $67.4M | 0.02% |
2,207,101
+410,000
| +23% | +$12.4M |
|
699
Gentex
GNTX
$4.96B
| $67.3M | 0.02% |
2,612,222
-119,201
| -4% | -$3.17M |
|
|
CONE
700
DELISTED
CyrusOne Inc Common Stock
CONE
| $67.3M | 0.02% |
960,436
| – | – |
|
Similar funds
Norges Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Norges Bank held 2,199 positions worth $376B, up 8.4% from $347B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q3 2020 filing shows 123 new, 615 increased, 1,177 reduced and 71 closed positions. Its largest new stake was Match Group: 2,348,708 shares worth $260M. The largest sale was Apple, an estimated $658M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Norges Bank's largest Q3 2020 buy was Match Group: 2,348,708 shares worth $260M.
- Norges Bank added most to Walmart Inc in Q3 2020, an estimated $518M increase.
- Norges Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $658M.
- Norges Bank fully exited Tech Data Corp in Q3 2020, selling an estimated $66.6M.
- Norges Bank's ten largest holdings make up 23% of its $376B portfolio in Q3 2020.
- Norges Bank opened 123 new positions and closed 71 in Q3 2020.
- Norges Bank's portfolio value rose 8.4% quarter-over-quarter to $376B.
Based on Norges Bank's 13F filing for Q3 2020, filed 10 Nov 2020.