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 | |
|---|---|---|---|---|---|---|
1176
Cabot Corp
CBT
$4.48B
| $22.5M | 0.01% |
859,674
+54,144
| +7% | +$2.06M |
|
1177
Kirby Corp
KEX
$6.95B
| $22.4M | 0.01% |
514,980
| – | – |
|
|
PACW
1178
DELISTED
PacWest Bancorp
PACW
| $22.4M | 0.01% |
1,248,260
+8,175
| +0.7% | +$256K |
|
|
BLUE
1179
DELISTED
bluebird bio
BLUE
| $22.3M | 0.01% |
37,479
+849
| +2% | +$827K |
|
1180
New Jersey Resources
NJR
$5.56B
| $22.3M | 0.01% |
655,663
| – | – |
|
|
CSFL
1181
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $22.2M | 0.01% |
1,289,672
-36,949
| -3% | -$801K |
|
|
JWN
1182
DELISTED
Nordstrom
JWN
| $22.1M | 0.01% |
1,443,904
+14,930
| +1% | +$498K |
|
1183
LiveRamp
RAMP
$2.3B
| $22.1M | 0.01% |
671,378
-37,783
| -5% | -$1.43M |
|
|
ARGO
1184
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $22M | 0.01% |
593,490
-185,557
| -24% | -$10.5M |
|
1185
Envista
NVST
$4.51B
| $22M | 0.01% |
1,471,844
+467,968
| +47% | +$12M |
|
1186
Webster Financial
WBS
$12.8B
| $22M | 0.01% |
959,432
+109,182
| +13% | +$4.44M |
|
1187
Trinity Industries
TRN
$2.38B
| $21.9M | 0.01% |
1,364,515
-93,967
| -6% | -$1.88M |
|
1188
UMB Financial
UMBF
$11.1B
| $21.9M | 0.01% |
472,318
-10,124
| -2% | -$616K |
|
1189
BlackLine
BL
$1.72B
| $21.9M | 0.01% |
415,925
+14,009
| +3% | +$819K |
|
1190
Commercial Metals
CMC
$8.25B
| $21.8M | 0.01% |
1,379,290
+14,326
| +1% | +$273K |
|
1191
Philips
PHG
$26.1B
| $21.8M | 0.01% |
681,768
| – | – |
|
1192
American States Water
AWR
$3.45B
| $21.7M | 0.01% |
265,050
| – | – |
|
1193
La-Z-Boy
LZB
$1.64B
| $21.6M | 0.01% |
1,053,471
| – | – |
|
1194
Mattel
MAT
$4.2B
| $21.6M | 0.01% |
2,453,631
-222,681
| -8% | -$2.73M |
|
|
CMD
1195
DELISTED
Cantel Medical Corporation
CMD
| $21.6M | 0.01% |
601,690
+54,508
| +10% | +$3.1M |
|
|
CIT
1196
DELISTED
CIT Group Inc.
CIT
| $21.6M | 0.01% |
1,250,114
+50,416
| +4% | +$1.9M |
|
1197
RH
RH
$3.7B
| $21.5M | 0.01% |
214,244
+1,495
| +0.7% | +$279K |
|
|
JOBS
1198
DELISTED
51job Inc
JOBS
| $21.5M | 0.01% |
350,266
| – | – |
|
1199
MillerKnoll
MLKN
$1.65B
| $21.5M | 0.01% |
967,765
| – | – |
|
1200
Helios Technologies
HLIO
$2.73B
| $21.5M | 0.01% |
566,086
-39,560
| -7% | -$1.68M |
|
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.