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 | |
|---|---|---|---|---|---|---|
1126
Boise Cascade
BCC
$2.92B
| $33.1M | 0.01% |
881,361
+3,423
| +0.4% | +$107K |
|
|
GAP
1127
The Gap Inc
GAP
$7.38B
| $33M | 0.01% |
2,617,905
-261,216
| -9% | -$2.35M |
|
1128
Progress Software
PRGS
$1.7B
| $32.9M | 0.01% |
849,396
-74,499
| -8% | -$2.84M |
|
1129
Travel + Leisure Co
TNL
$4.72B
| $32.9M | 0.01% |
1,167,676
+29,279
| +3% | +$793K |
|
1130
SouthState Bank Corp
SSB
$10.5B
| $32.8M | 0.01% |
688,597
+394,113
| +134% | +$20.6M |
|
|
KYNB
1131
Kyntra Bio
KYNB
$27.4M
| $32.7M | 0.01% |
32,313
-1,612
| -5% | -$1.5M |
|
1132
Builders FirstSource
BLDR
$7.8B
| $32.7M | 0.01% |
1,580,575
+94,747
| +6% | +$1.71M |
|
1133
FNB Corp
FNB
$6.83B
| $32.7M | 0.01% |
4,353,948
+768,502
| +21% | +$5.79M |
|
1134
Park Hotels & Resorts
PK
$3.04B
| $32.6M | 0.01% |
3,292,954
+431,427
| +15% | +$4.02M |
|
1135
Gibraltar Industries
ROCK
$1.37B
| $32.4M | 0.01% |
674,938
+13,477
| +2% | +$599K |
|
1136
Carnival Corporation Ltd
CCL
$39.4B
| $32.4M | 0.01% |
1,973,156
+1,122,613
| +132% | +$16.8M |
|
1137
Halozyme
HALO
$9.76B
| $32.4M | 0.01% |
1,208,474
-320,050
| -21% | -$7.22M |
|
1138
Webster Financial
WBS
$12.6B
| $32.4M | 0.01% |
1,132,285
+172,853
| +18% | +$4.58M |
|
1139
Federated Hermes
FHI
$4.85B
| $32.2M | 0.01% |
1,359,162
+127,100
| +10% | +$2.81M |
|
1140
Fabrinet
FN
$16.3B
| $32M | 0.01% |
513,395
+99,440
| +24% | +$6.1M |
|
|
AY
1141
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $32M | 0.01% |
1,101,066
-44,843
| -4% | -$1.13M |
|
|
IBKC
1142
DELISTED
IBERIABANK Corp
IBKC
| $32M | 0.01% |
703,538
+182,418
| +35% | +$7.54M |
|
|
SINA
1143
DELISTED
Sina Corp
SINA
| $31.9M | 0.01% |
888,739
| – | – |
|
1144
Air Products & Chemicals
APD
$65.2B
| $31.9M | 0.01% |
132,024
-324,128
| -71% | -$74M |
|
|
KC
1145
Kingsoft Cloud Holdings
KC
$3.56B
| $31.8M | 0.01% |
+1,009,247
| New | +$23.1M |
|
|
SUM
1146
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $31.8M | 0.01% |
2,011,089
+8,020
| +0.4% | +$115K |
|
1147
IAMGOLD
IAG
$8.53B
| $31.8M | 0.01% |
6,692,225
+708,301
| +12% | +$2.44M |
|
1148
APA Corp
APA
$13B
| $31.7M | 0.01% |
2,351,043
-635,187
| -21% | -$7.25M |
|
1149
NMI Holdings
NMIH
$3.35B
| $31.7M | 0.01% |
1,971,266
+686,601
| +53% | +$9.76M |
|
1150
Macy's
M
$6.83B
| $31.7M | 0.01% |
4,603,055
+1,156,632
| +34% | +$7.12M |
|
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.