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 | |
|---|---|---|---|---|---|---|
1026
AerCap
AER
$23.8B
| $36.2M | 0.01% |
1,436,796
-119,934
| -8% | -$3.48M |
|
|
TPH
1027
DELISTED
Tri Pointe Homes
TPH
| $36.2M | 0.01% |
1,995,175
-20,598
| -1% | -$349K |
|
1028
Sunrun
RUN
$2.46B
| $36.2M | 0.01% |
469,397
-547,504
| -54% | -$25.8M |
|
1029
Arrowhead Research
ARWR
$12.4B
| $36.2M | 0.01% |
840,069
-93,387
| -10% | -$4.03M |
|
1030
Qualys
QLYS
$6.35B
| $36.2M | 0.01% |
369,036
-43,346
| -11% | -$4.64M |
|
1031
Synaptics
SYNA
$4.15B
| $36.2M | 0.01% |
449,707
-67,205
| -13% | -$5.31M |
|
|
SAIL
1032
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $36.1M | 0.01% |
912,959
-14,343
| -2% | -$498K |
|
|
PRSP
1033
DELISTED
Perspecta Inc. Common Stock
PRSP
| $36.1M | 0.01% |
1,856,975
+71,512
| +4% | +$1.51M |
|
|
TCF
1034
DELISTED
TCF Financial Corporation Common Stock
TCF
| $36.1M | 0.01% |
1,545,979
-300,076
| -16% | -$8.03M |
|
|
EFOR
1035
Everforth Inc
EFOR
$1.32B
| $36.1M | 0.01% |
567,631
-113,561
| -17% | -$7.81M |
|
1036
Blackstone Mortgage Trust
BXMT
$2.38B
| $36.1M | 0.01% |
1,640,969
-23,265
| -1% | -$545K |
|
1037
Brady Corp
BRC
$4.57B
| $35.9M | 0.01% |
898,188
-18,477
| -2% | -$847K |
|
|
FLG
1038
Flagstar Bank National Association
FLG
$5.82B
| $35.9M | 0.01% |
1,448,827
+131,093
| +10% | +$3.75M |
|
1039
Silgan Holdings
SLGN
$4.41B
| $35.9M | 0.01% |
976,604
-62,790
| -6% | -$2.3M |
|
1040
Applied Industrial Technologies
AIT
$13.3B
| $35.9M | 0.01% |
651,207
| – | – |
|
|
SBNY
1041
DELISTED
Signature Bank
SBNY
| $35.9M | 0.01% |
432,313
-13,838
| -3% | -$1.38M |
|
1042
Ziff Davis
ZD
$1.98B
| $35.8M | 0.01% |
595,442
-52,412
| -8% | -$2.97M |
|
1043
Leggett & Platt
LEG
$1.31B
| $35.8M | 0.01% |
869,470
-504,426
| -37% | -$20M |
|
1044
Associated Banc-Corp
ASB
$5.91B
| $35.7M | 0.01% |
2,828,606
-149,710
| -5% | -$1.98M |
|
1045
Enovis
ENOV
$1.53B
| $35.7M | 0.01% |
660,574
+78,329
| +13% | +$4.3M |
|
1046
Targa Resources
TRGP
$55.1B
| $35.6M | 0.01% |
2,540,813
-283,376
| -10% | -$4.98M |
|
|
SF
1047
Stifel
SF
$12.6B
| $35.6M | 0.01% |
1,585,814
-134,964
| -8% | -$3.01M |
|
1048
Workiva
WK
$3.54B
| $35.6M | 0.01% |
639,071
| – | – |
|
1049
NMI Holdings
NMIH
$3.36B
| $35.6M | 0.01% |
2,001,920
+30,654
| +2% | +$500K |
|
|
SKX
1050
DELISTED
Skechers
SKX
| $35.6M | 0.01% |
1,177,857
-328,000
| -22% | -$9.78M |
|
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.