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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
NUVA
776
DELISTED
NuVasive, Inc.
NUVA
$54.8M 0.02%
985,115
+44,588
+5% +$2.58M
AIV
777
Aimco
AIV
$387M
$54.8M 0.02%
10,935,244
-1,415,528
-11% -$7.01M
AGI icon
778
Alamos Gold
AGI
$12B
$54.5M 0.02%
4,307,263
+285,537
+7% +$2.2M
FLIR
779
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$54.5M 0.02%
1,342,174
+10,456
+0.8% +$434K
BFAM icon
780
Bright Horizons
BFAM
$4.01B
$54.4M 0.02%
464,316
-16,000
-3% -$1.83M
NKTR icon
781
Nektar Therapeutics
NKTR
$2.38B
$54.3M 0.02%
156,400
-5,734
-4% -$1.79M
TCF
782
DELISTED
TCF Financial Corporation Common Stock
TCF
$54.3M 0.02%
1,846,055
-98,400
-5% -$2.72M
CMS icon
783
CMS Energy
CMS
$22.5B
$54.1M 0.02%
926,744
-232,641
-20% -$13.5M
ZG icon
784
Zillow
ZG
$8.19B
$54.1M 0.02%
941,688
+26,830
+3% +$1.32M
ARNA
785
DELISTED
Arena Pharmaceuticals Inc
ARNA
$54.1M 0.02%
859,499
+29,727
+4% +$1.64M
CLVT icon
786
Clarivate
CLVT
$1.24B
$54.1M 0.02%
2,421,766
+360,808
+18% +$8.15M
MNTA
787
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$54M 0.02%
1,623,901
-555,170
-25% -$17.7M
HXL icon
788
Hexcel
HXL
$7.73B
$54M 0.02%
1,194,014
+234,928
+24% +$8.36M
WMGI
789
DELISTED
Wright Medical Group Inc
WMGI
$53.4M 0.02%
1,797,101
+667,864
+59% +$19.5M
HAE icon
790
Haemonetics
HAE
$3.94B
$53.4M 0.02%
596,236
-125,823
-17% -$12.7M
REXR icon
791
Rexford Industrial Realty
REXR
$8.4B
$53.4M 0.02%
1,288,175
+178,908
+16% +$7.19M
SMG icon
792
ScottsMiracle-Gro
SMG
$3.97B
$53.3M 0.02%
396,422
+9,881
+3% +$1.28M
NVTA
793
DELISTED
Invitae Corporation
NVTA
$53.2M 0.02%
1,756,434
+468,649
+36% +$8.18M
ALRM icon
794
Alarm.com
ALRM
$2.75B
$53.2M 0.02%
820,474
+120,000
+17% +$6.04M
UTHR icon
795
United Therapeutics
UTHR
$21.9B
$53.1M 0.02%
438,938
-88,862
-17% -$10M
CYBR
796
DELISTED
CyberArk
CYBR
$53M 0.02%
534,293
– –
QTWO icon
797
Q2 Holdings
QTWO
$3.89B
$52.9M 0.02%
616,614
-7,119
-1% -$547K
PRLB icon
798
Protolabs
PRLB
$1.92B
$52.7M 0.02%
468,948
+35,109
+8% +$3.6M
SRC
799
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$52.7M 0.02%
1,512,482
+159,802
+12% +$4.84M
UNVR
800
DELISTED
Univar Solutions Inc.
UNVR
$52.7M 0.02%
3,124,656
-1,083,577
-26% -$15.5M
30 31
32
33 34

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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.