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 | |
|---|---|---|---|---|---|---|
1201
Simply Good Foods
SMPL
$901M
| $32.7M | 0.01% |
1,146,596
+90,000
| +9% | +$2.37M |
|
1202
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $32.7M | 0.01% |
511,256
+14,030
| +3% | +$847K |
|
1203
Lithia Motors
LAD
$8.47B
| $32.7M | 0.01% |
222,364
+28,330
| +15% | +$4.26M |
|
1204
Silgan Holdings
SLGN
$4.23B
| $32.7M | 0.01% |
1,051,020
| – | – |
|
1205
Sally Beauty Holdings
SBH
$1.43B
| $32.6M | 0.01% |
1,789,051
| – | – |
|
1206
BJs Wholesale Club
BJ
$12.5B
| $32.6M | 0.01% |
1,435,272
| – | – |
|
1207
Huron Consulting
HURN
$2.41B
| $32.4M | 0.01% |
471,348
-3,698
| -0.8% | -$240K |
|
|
XHR
1208
Xenia Hotels & Resorts
XHR
$1.9B
| $32.4M | 0.01% |
1,497,267
| – | – |
|
1209
Trinity Industries
TRN
$2.49B
| $32.3M | 0.01% |
1,458,482
| – | – |
|
1210
BlackBerry
BB
$4.98B
| $32.3M | 0.01% |
5,018,436
| – | – |
|
|
VRN
1211
DELISTED
Veren
VRN
| $32.3M | 0.01% |
7,234,529
| – | – |
|
1212
Integer Holdings
ITGR
$4.12B
| $32.2M | 0.01% |
400,835
| – | – |
|
|
CADE
1213
DELISTED
Cadence Bank
CADE
| $32.2M | 0.01% |
1,025,553
| – | – |
|
|
KYNB
1214
Kyntra Bio
KYNB
$27.2M
| $32.2M | 0.01% |
29,989
| – | – |
|
1215
Spire
SR
$4.72B
| $32.1M | 0.01% |
385,450
| – | – |
|
1216
MaxLinear
MXL
$6.06B
| $32.1M | 0.01% |
1,513,228
| – | – |
|
|
PMT
1217
PennyMac Mortgage Investment
PMT
$822M
| $32.1M | 0.01% |
1,440,054
+331,914
| +30% | +$7.51M |
|
1218
Boise Cascade
BCC
$2.69B
| $32.1M | 0.01% |
877,938
| – | – |
|
|
PRFT
1219
DELISTED
Perficient Inc
PRFT
| $32M | 0.01% |
695,000
| – | – |
|
|
AY
1220
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $31.9M | 0.01% |
1,210,134
-71,927
| -6% | -$1.8M |
|
1221
Enpro
NPO
$6.63B
| $31.9M | 0.01% |
476,993
| – | – |
|
|
QVCGA
1222
DELISTED
QVC Group Inc Series A
QVCGA
| $31.8M | 0.01% |
77,747
-5,894
| -7% | -$2.66M |
|
|
FLOW
1223
DELISTED
SPX FLOW, Inc.
FLOW
| $31.7M | 0.01% |
649,661
| – | – |
|
1224
Tower Semiconductor
TSEM
$24.8B
| $31.7M | 0.01% |
1,322,909
-259,668
| -16% | -$5.83M |
|
1225
PTC Therapeutics
PTCT
$5.68B
| $31.7M | 0.01% |
659,192
+24,875
| +4% | +$1.06M |
|
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.