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 | |
|---|---|---|---|---|---|---|
|
FL
1051
DELISTED
Foot Locker
FL
| $27.1M | 0.01% |
1,228,788
-90,537
| -7% | -$3.08M |
|
1052
Wintrust Financial
WTFC
$10.7B
| $27.1M | 0.01% |
824,062
| – | – |
|
1053
Sunstone Hotel Investors
SHO
$2.06B
| $27M | 0.01% |
3,104,519
| – | – |
|
|
CSGS
1054
DELISTED
CSG Systems International
CSGS
| $27M | 0.01% |
645,327
-4,833
| -0.7% | -$230K |
|
1055
Wyndham Hotels & Resorts
WH
$5.48B
| $27M | 0.01% |
856,952
-259,965
| -23% | -$13.2M |
|
1056
Globant
GLOB
$1.61B
| $27M | 0.01% |
307,261
+20,078
| +7% | +$2.24M |
|
1057
National Health Investors
NHI
$3.65B
| $27M | 0.01% |
544,391
+14,112
| +3% | +$1.07M |
|
1058
Blackstone Mortgage Trust
BXMT
$2.38B
| $26.8M | 0.01% |
1,441,958
| – | – |
|
1059
Omnicell
OMCL
$1.68B
| $26.8M | 0.01% |
408,248
+39,054
| +11% | +$3.11M |
|
1060
Bank OZK
OZK
$5.61B
| $26.7M | 0.01% |
1,601,606
+88,776
| +6% | +$2.28M |
|
1061
Employers Holdings
EIG
$889M
| $26.7M | 0.01% |
659,494
-31,048
| -4% | -$1.27M |
|
|
SPR
1062
DELISTED
Spirit AeroSystems
SPR
| $26.7M | 0.01% |
1,115,773
+72,929
| +7% | +$4.04M |
|
1063
Starwood Property Trust
STWD
$6.09B
| $26.6M | 0.01% |
2,591,789
+21,900
| +0.9% | +$480K |
|
1064
NCR Voyix
VYX
$1.14B
| $26.5M | 0.01% |
2,444,891
| – | – |
|
1065
Guardant Health
GH
$22.6B
| $26.5M | 0.01% |
381,182
| – | – |
|
1066
WEX
WEX
$6.31B
| $26.5M | 0.01% |
253,243
+3,019
| +1% | +$564K |
|
1067
Ashland
ASH
$3.5B
| $26.4M | 0.01% |
527,935
+32,354
| +7% | +$2.23M |
|
1068
FNB Corp
FNB
$6.75B
| $26.4M | 0.01% |
3,585,446
| – | – |
|
|
AEL
1069
DELISTED
American Equity Investment Life Holding Company
AEL
| $26.3M | 0.01% |
1,397,884
| – | – |
|
1070
First Horizon
FHN
$12.1B
| $26.3M | 0.01% |
3,259,348
+225,734
| +7% | +$3.13M |
|
1071
Sabra Healthcare REIT
SBRA
$5.37B
| $26.2M | 0.01% |
2,400,149
| – | – |
|
|
SKX
1072
DELISTED
Skechers
SKX
| $26.2M | 0.01% |
1,102,588
-204,494
| -16% | -$7.05M |
|
1073
First Hawaiian
FHB
$3.35B
| $26.1M | 0.01% |
1,576,213
| – | – |
|
1074
Advanced Drainage Systems
WMS
$11B
| $26M | 0.01% |
882,739
| – | – |
|
1075
Horace Mann Educators
HMN
$2.11B
| $26M | 0.01% |
709,385
-14,684
| -2% | -$606K |
|
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.