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 | |
|---|---|---|---|---|---|---|
|
SEM
1151
DELISTED
Select Medical
SEM
| $23.2M | 0.01% |
2,868,088
-76,593
| -3% | -$910K |
|
1152
Werner Enterprises
WERN
$2.26B
| $23.2M | 0.01% |
638,949
| – | – |
|
1153
NovaGold Resources
NG
$3.19B
| $23.1M | 0.01% |
3,129,928
| – | – |
|
|
IMMU
1154
DELISTED
Immunomedics Inc
IMMU
| $23.1M | 0.01% |
1,712,870
-65,490
| -4% | -$1.1M |
|
1155
Avient
AVNT
$4.19B
| $23.1M | 0.01% |
1,216,707
+171,148
| +16% | +$4.79M |
|
1156
Marriott Vacations Worldwide
VAC
$4.23B
| $23.1M | 0.01% |
415,110
+33,591
| +9% | +$3.49M |
|
|
CHNG
1157
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $23M | 0.01% |
2,300,949
+643,044
| +39% | +$8.99M |
|
1158
Columbia Sportswear
COLM
$2.93B
| $22.9M | 0.01% |
328,843
-30,652
| -9% | -$2.6M |
|
|
PLAN
1159
DELISTED
Anaplan, Inc.
PLAN
| $22.9M | 0.01% |
757,451
+24,467
| +3% | +$1.22M |
|
1160
Choice Hotels
CHH
$4.82B
| $22.9M | 0.01% |
373,227
-16,298
| -4% | -$1.48M |
|
1161
Innospec
IOSP
$2.25B
| $22.8M | 0.01% |
328,642
-3,972
| -1% | -$363K |
|
|
PRO
1162
DELISTED
PROS Holdings
PRO
| $22.8M | 0.01% |
735,844
+88,776
| +14% | +$4.44M |
|
1163
Olin
OLN
$2.16B
| $22.8M | 0.01% |
1,955,288
| – | – |
|
1164
Ultragenyx Pharmaceutical
RARE
$2.5B
| $22.8M | 0.01% |
512,564
| – | – |
|
1165
HSBC
HSBC
$355B
| $22.7M | 0.01% |
+810,278
| New | +$28.1M |
|
1166
John Wiley & Sons Class A
WLY
$2.7B
| $22.6M | 0.01% |
604,048
+13,182
| +2% | +$553K |
|
1167
Park Hotels & Resorts
PK
$2.97B
| $22.6M | 0.01% |
2,861,527
-66,470
| -2% | -$1.25M |
|
1168
Fabrinet
FN
$20.3B
| $22.6M | 0.01% |
413,955
| – | – |
|
1169
EPR Properties
EPR
$4.71B
| $22.6M | 0.01% |
932,446
+4,783
| +0.5% | +$274K |
|
|
TWOU
1170
DELISTED
2U Inc
TWOU
| $22.6M | 0.01% |
35,456
+7,712
| +28% | +$5.21M |
|
1171
Cracker Barrel
CBRL
$1.29B
| $22.6M | 0.01% |
271,099
+1,885
| +0.7% | +$259K |
|
|
VISN
1172
Vistance Networks Inc
VISN
$2.41B
| $22.5M | 0.01% |
2,473,580
+362,344
| +17% | +$4.21M |
|
1173
SPS Commerce
SPSC
$2.63B
| $22.5M | 0.01% |
482,923
-8,942
| -2% | -$472K |
|
1174
Interactive Brokers
IBKR
$39.2B
| $22.5M | 0.01% |
2,080,848
+176,232
| +9% | +$2.13M |
|
|
PRMW
1175
DELISTED
Primo Water Corporation
PRMW
| $22.5M | 0.01% |
2,300,725
+279,691
| +14% | +$3.8M |
|
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.