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 | |
|---|---|---|---|---|---|---|
|
SRC
876
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $35.4M | 0.01% |
1,352,680
+112,310
| +9% | +$5.08M |
|
877
Planet Fitness
PLNT
$3.96B
| $35.3M | 0.01% |
723,892
+32,432
| +5% | +$2.26M |
|
|
LHCG
878
DELISTED
LHC Group LLC
LHCG
| $35.1M | 0.01% |
250,497
+6,772
| +3% | +$943K |
|
879
Performance Food Group
PFGC
$18B
| $35.1M | 0.01% |
1,420,667
+45,832
| +3% | +$1.97M |
|
880
International Flavors & Fragrances
IFF
$21.9B
| $35.1M | 0.01% |
340,250
-80,440
| -19% | -$10M |
|
881
Glacier Bancorp
GBCI
$6.35B
| $35.1M | 0.01% |
1,030,892
+31,338
| +3% | +$1.25M |
|
|
PRSP
882
DELISTED
Perspecta Inc. Common Stock
PRSP
| $34.9M | 0.01% |
1,913,202
-34,009
| -2% | -$818K |
|
|
THS
883
DELISTED
Treehouse Foods
THS
| $34.9M | 0.01% |
789,549
-44,600
| -5% | -$1.92M |
|
|
ARNA
884
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $34.9M | 0.01% |
829,772
-169,635
| -17% | -$7.78M |
|
885
Bilibili
BILI
$7.84B
| $34.8M | 0.01% |
1,487,278
-97,092
| -6% | -$2.34M |
|
886
ManpowerGroup
MAN
$2.63B
| $34.8M | 0.01% |
657,108
-172,301
| -21% | -$14.4M |
|
887
Valley National Bancorp
VLY
$8.05B
| $34.8M | 0.01% |
4,760,726
| – | – |
|
888
AXIS Capital
AXS
$7.55B
| $34.8M | 0.01% |
899,530
+9,680
| +1% | +$541K |
|
889
Associated Banc-Corp
ASB
$5.91B
| $34.8M | 0.01% |
2,717,658
-98,403
| -3% | -$1.77M |
|
890
ACI Worldwide
ACIW
$5.46B
| $34.7M | 0.01% |
1,438,417
-109,536
| -7% | -$3.5M |
|
891
First Financial Bankshares
FFIN
$4.97B
| $34.6M | 0.01% |
1,290,479
+37,936
| +3% | +$1.19M |
|
|
EE
892
DELISTED
El Paso Electric Company
EE
| $34.6M | 0.01% |
509,477
-33,414
| -6% | -$2.26M |
|
893
UFP Industries
UFPI
$5.19B
| $34.6M | 0.01% |
929,478
| – | – |
|
894
BJs Wholesale Club
BJ
$12.3B
| $34.5M | 0.01% |
1,355,121
-80,151
| -6% | -$1.8M |
|
895
Dropbox
DBX
$8.12B
| $34.4M | 0.01% |
1,901,016
+161,211
| +9% | +$2.93M |
|
|
DNKN
896
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $34.4M | 0.01% |
647,886
| – | – |
|
|
PSB
897
DELISTED
PS Business Parks, Inc.
PSB
| $34.4M | 0.01% |
253,585
+3,929
| +2% | +$611K |
|
|
SBNY
898
DELISTED
Signature Bank
SBNY
| $34.3M | 0.01% |
426,406
+31,911
| +8% | +$4.01M |
|
|
MYOK
899
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $34.2M | 0.01% |
729,672
| – | – |
|
900
AGCO
AGCO
$7.2B
| $34.2M | 0.01% |
722,778
| – | – |
|
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.