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 | |
|---|---|---|---|---|---|---|
1101
Howard Hughes
HHH
$4.06B
| $24.8M | 0.01% |
515,735
-27,442
| -5% | -$2.75M |
|
1102
Synaptics
SYNA
$4.14B
| $24.8M | 0.01% |
427,873
| – | – |
|
1103
Travel + Leisure Co
TNL
$4.71B
| $24.7M | 0.01% |
1,138,397
-88,959
| -7% | -$3.71M |
|
1104
OneMain Financial
OMF
$7.46B
| $24.7M | 0.01% |
1,291,695
-79,614
| -6% | -$2.97M |
|
1105
Vishay Intertechnology
VSH
$5.38B
| $24.7M | 0.01% |
1,713,618
| – | – |
|
1106
Rapid7
RPD
$750M
| $24.7M | 0.01% |
569,792
+213,025
| +60% | +$11.2M |
|
1107
Agree Realty
ADC
$9.41B
| $24.6M | 0.01% |
398,054
+53,897
| +16% | +$3.84M |
|
1108
Ares Management
ARES
$31.1B
| $24.6M | 0.01% |
+795,440
| New | +$27.8M |
|
1109
Coherent
COHR
$73.7B
| $24.6M | 0.01% |
863,275
| – | – |
|
1110
Commault Systems
CVLT
$5.61B
| $24.6M | 0.01% |
606,875
| – | – |
|
|
IPHI
1111
DELISTED
INPHI CORPORATION
IPHI
| $24.5M | 0.01% |
309,052
+25,500
| +9% | +$1.98M |
|
1112
Theravance Biopharma
TBPH
$877M
| $24.4M | 0.01% |
1,057,513
-18,076
| -2% | -$452K |
|
1113
Essent Group
ESNT
$6.35B
| $24.4M | 0.01% |
924,944
+5,596
| +0.6% | +$248K |
|
|
SYKE
1114
DELISTED
SYKES Enterprises Inc
SYKE
| $24.3M | 0.01% |
897,750
-21,253
| -2% | -$685K |
|
|
IRBT
1115
DELISTED
iRobot
IRBT
| $24.3M | 0.01% |
594,903
+124,350
| +26% | +$5.97M |
|
|
QVCGA
1116
DELISTED
QVC Group Inc Series A
QVCGA
| $24.3M | 0.01% |
81,996
+4,249
| +5% | +$1.52M |
|
1117
NeoGenomics
NEO
$2.11B
| $24.3M | 0.01% |
879,259
+35,069
| +4% | +$1.05M |
|
1118
CVB Financial
CVBF
$3.99B
| $24.2M | 0.01% |
1,207,309
+64,826
| +6% | +$1.3M |
|
1119
Mercury Insurance
MCY
$6.02B
| $24.2M | 0.01% |
593,426
-8,307
| -1% | -$379K |
|
|
NSA
1120
DELISTED
National Storage Affiliates Trust
NSA
| $24.2M | 0.01% |
816,001
+52,302
| +7% | +$1.74M |
|
1121
Viasat
VSAT
$11B
| $24.1M | 0.01% |
671,724
| – | – |
|
1122
Flowserve
FLS
$10.1B
| $24.1M | 0.01% |
1,008,647
| – | – |
|
|
B
1123
DELISTED
Barnes Group Inc.
B
| $24.1M | 0.01% |
575,068
-4,616
| -0.8% | -$260K |
|
1124
Forward Air
FWRD
$653M
| $24M | 0.01% |
474,624
| – | – |
|
1125
Pinterest
PINS
$13.3B
| $24M | 0.01% |
1,556,986
| – | – |
|
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.