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 |
Alibaba
BABA
|
+$713M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$532M |
| 3 |
AvalonBay Communities
AVB
|
+$338M |
| 4 |
Essex Property Trust
ESS
|
+$322M |
| 5 |
Equity Residential
EQR
|
+$295M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$783M |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
+$286M |
| 3 |
Morgan Stanley
MS
|
+$196M |
| 4 |
Bank of America
BAC
|
+$170M |
| 5 |
Ameriprise Financial
AMP
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.16% |
| 2 | Financials | 16.45% |
| 3 | Healthcare | 13.43% |
| 4 | Consumer Discretionary | 11.44% |
| 5 | Communication Services | 9.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LHCG
1176
DELISTED
LHC Group LLC
LHCG
| $33.6M | 0.01% |
243,725
| – | – |
|
1177
Valmont Industries
VMI
$9.3B
| $33.5M | 0.01% |
223,689
| – | – |
|
1178
Community Bank
CBU
$3.41B
| $33.5M | 0.01% |
472,202
| – | – |
|
1179
Cathay General Bancorp
CATY
$4.22B
| $33.5M | 0.01% |
879,679
+7,322
| +0.8% | +$268K |
|
1180
Pilgrim's Pride
PPC
$6.51B
| $33.4M | 0.01% |
1,021,361
| – | – |
|
|
JOYY
1181
JOYY Inc
JOYY
$3.71B
| $33.4M | 0.01% |
632,909
| – | – |
|
|
FOLD
1182
DELISTED
Amicus Therapeutics
FOLD
| $33.4M | 0.01% |
3,428,337
+925,238
| +37% | +$8.47M |
|
1183
Medpace
MEDP
$16.1B
| $33.4M | 0.01% |
397,225
| – | – |
|
|
UFS
1184
DELISTED
DOMTAR CORPORATION (New)
UFS
| $33.4M | 0.01% |
872,781
-14,564
| -2% | -$539K |
|
1185
Cannae Holdings
CNNE
$639M
| $33.3M | 0.01% |
896,476
+30,000
| +3% | +$986K |
|
|
MANT
1186
DELISTED
Mantech International Corp
MANT
| $33.3M | 0.01% |
417,343
| – | – |
|
1187
Atlantic Union Bankshares
AUB
$6.02B
| $33.3M | 0.01% |
887,528
| – | – |
|
1188
Korn Ferry
KFY
$4.18B
| $33.3M | 0.01% |
785,392
-13,706
| -2% | -$530K |
|
1189
Forward Air
FWRD
$444M
| $33.2M | 0.01% |
474,624
-12,392
| -3% | -$840K |
|
1190
Lattice Semiconductor
LSCC
$17.6B
| $33.2M | 0.01% |
1,734,327
| – | – |
|
1191
La-Z-Boy
LZB
$1.58B
| $33.2M | 0.01% |
1,053,471
-26,245
| -2% | -$880K |
|
|
STAY
1192
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $33.1M | 0.01% |
2,230,829
| – | – |
|
|
CSFL
1193
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $33.1M | 0.01% |
1,326,621
| – | – |
|
1194
UMB Financial
UMBF
$11.1B
| $33.1M | 0.01% |
482,442
| – | – |
|
1195
Alkermes
ALKS
$8.22B
| $33M | 0.01% |
1,619,921
+126,426
| +8% | +$2.51M |
|
1196
Dana Inc
DAN
$2.9B
| $33M | 0.01% |
1,812,917
-62,483
| -3% | -$1.04M |
|
1197
Itron
ITRI
$4.36B
| $33M | 0.01% |
392,905
| – | – |
|
1198
SSR Mining
SSRM
$5.32B
| $32.9M | 0.01% |
1,710,769
-30,372
| -2% | -$473K |
|
1199
Gibraltar Industries
ROCK
$1.25B
| $32.9M | 0.01% |
652,136
| – | – |
|
1200
Plexus
PLXS
$6.72B
| $32.8M | 0.01% |
425,813
-20,546
| -5% | -$1.49M |
|
Similar funds
Norges Bank's Q4 2019 Portfolio in Review
As of Q4 2019, Norges Bank held 2,137 positions worth $358B, up 9.8% from $327B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Norges Bank's Q4 2019 filing shows 45 new, 503 increased, 473 reduced and 63 closed positions. Its largest new stake was Walmart Inc: 4,711,437 shares worth $187M. The largest sale was Celgene Corp, an estimated $783M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q4 2019 buy was Walmart Inc: 4,711,437 shares worth $187M.
- Norges Bank added most to Alibaba in Q4 2019, an estimated $713M increase.
- Norges Bank's biggest Q4 2019 reduction was Morgan Stanley, cutting an estimated $196M.
- Norges Bank fully exited Celgene Corp in Q4 2019, selling an estimated $783M.
- Norges Bank's ten largest holdings make up 19% of its $358B portfolio in Q4 2019.
- Norges Bank opened 45 new positions and closed 63 in Q4 2019.
- Norges Bank's portfolio value rose 9.8% quarter-over-quarter to $358B.
Based on Norges Bank's 13F filing for Q4 2019, filed 12 Feb 2020.