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
|
+$864M |
| 2 |
T-Mobile US
TMUS
|
+$580M |
| 3 |
Meta Platforms (Facebook)
META
|
+$367M |
| 4 |
AbbVie
ABBV
|
+$348M |
| 5 |
Blackrock
BLK
|
+$335M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$692M |
| 2 |
RTN
Raytheon Company
RTN
|
+$368M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$279M |
| 4 |
Visa
V
|
+$237M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1051
GSK
GSK
$104B
| $36.6M | 0.01% |
717,888
| – | – |
|
|
IPHI
1052
DELISTED
INPHI CORPORATION
IPHI
| $36.6M | 0.01% |
311,434
+2,382
| +0.8% | +$251K |
|
|
PPD
1053
DELISTED
PPD, Inc. Common Stock
PPD
| $36.5M | 0.01% |
1,362,928
-1,260,513
| -48% | -$31.5M |
|
|
ACIA
1054
DELISTED
Acacia Communications Inc
ACIA
| $36.5M | 0.01% |
543,342
+35,000
| +7% | +$2.37M |
|
1055
United Bankshares
UBSI
$6.63B
| $36.5M | 0.01% |
1,319,720
-42,342
| -3% | -$1.14M |
|
|
AEL
1056
DELISTED
American Equity Investment Life Holding Company
AEL
| $36.5M | 0.01% |
1,476,067
+78,183
| +6% | +$1.63M |
|
1057
Omnicell
OMCL
$1.61B
| $36.4M | 0.01% |
515,985
+107,737
| +26% | +$7.37M |
|
1058
Badger Meter
BMI
$3.89B
| $36.4M | 0.01% |
578,002
| – | – |
|
1059
SPS Commerce
SPSC
$2.64B
| $36.3M | 0.01% |
482,923
| – | – |
|
|
SF
1060
Stifel
SF
$12.6B
| $36.3M | 0.01% |
1,720,778
+132,269
| +8% | +$2.66M |
|
|
BLUE
1061
DELISTED
bluebird bio
BLUE
| $36.2M | 0.01% |
45,808
+8,329
| +22% | +$6.28M |
|
|
DISH
1062
DELISTED
DISH Network Corp.
DISH
| $36.2M | 0.01% |
1,048,443
-385,640
| -27% | -$10.7M |
|
1063
Tradeweb Markets
TW
$21.4B
| $36.2M | 0.01% |
621,927
+5,358
| +0.9% | +$309K |
|
1064
Goodyear
GT
$2B
| $36.1M | 0.01% |
4,041,062
+1,612,558
| +66% | +$12.3M |
|
1065
Morningstar
MORN
$7.22B
| $36.1M | 0.01% |
256,349
-9,237
| -3% | -$1.3M |
|
1066
Box
BOX
$4.37B
| $36M | 0.01% |
1,736,034
+70,999
| +4% | +$1.25M |
|
1067
Viavi Solutions
VIAV
$9.12B
| $36M | 0.01% |
2,826,773
+323,453
| +13% | +$3.88M |
|
|
AL
1068
DELISTED
Air Lease Corp
AL
| $36M | 0.01% |
1,229,450
+335,023
| +37% | +$8.94M |
|
1069
International Flavors & Fragrances
IFF
$20.2B
| $35.9M | 0.01% |
290,168
-50,082
| -15% | -$6.33M |
|
|
DOOR
1070
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $35.9M | 0.01% |
461,441
+42,682
| +10% | +$2.59M |
|
1071
Ares Management
ARES
$28.9B
| $35.8M | 0.01% |
901,025
+105,585
| +13% | +$3.73M |
|
|
KW
1072
DELISTED
Kennedy-Wilson Holdings
KW
| $35.8M | 0.01% |
2,349,790
| – | – |
|
1073
Ziff Davis
ZD
$1.96B
| $35.6M | 0.01% |
647,854
+13,663
| +2% | +$893K |
|
1074
Valmont Industries
VMI
$9.3B
| $35.6M | 0.01% |
313,022
+89,333
| +40% | +$9.92M |
|
1075
SSR Mining
SSRM
$5.32B
| $35.5M | 0.01% |
1,663,811
-46,958
| -3% | -$842K |
|
Similar funds
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.