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 | |
|---|---|---|---|---|---|---|
|
VNET
1201
VNET Group
VNET
$2.04B
| $28.7M | 0.01% |
1,202,881
-176,574
| -13% | -$2.85M |
|
|
CIT
1202
DELISTED
CIT Group Inc.
CIT
| $28.7M | 0.01% |
1,384,509
+134,395
| +11% | +$2.6M |
|
1203
Sensient Technologies
SXT
$5.37B
| $28.6M | 0.01% |
549,262
-393,152
| -42% | -$18.6M |
|
1204
NETSCOUT
NTCT
$2.98B
| $28.6M | 0.01% |
1,117,678
-139,760
| -11% | -$3.61M |
|
1205
NCR Voyix
VYX
$1.19B
| $28.6M | 0.01% |
2,688,600
+243,709
| +10% | +$2.79M |
|
1206
Comfort Systems
FIX
$62.3B
| $28.6M | 0.01% |
700,833
-57,186
| -8% | -$2.03M |
|
|
AIMC
1207
DELISTED
Altra Industrial Motion Corp
AIMC
| $28.5M | 0.01% |
896,059
+55,432
| +7% | +$1.47M |
|
1208
La-Z-Boy
LZB
$1.64B
| $28.5M | 0.01% |
1,053,471
| – | – |
|
1209
Pacira BioSciences
PCRX
$1.06B
| $28.5M | 0.01% |
542,667
+1,454
| +0.3% | +$60.8K |
|
1210
Devon Energy
DVN
$51.4B
| $28.5M | 0.01% |
2,508,990
-572,665
| -19% | -$6.53M |
|
1211
CONMED
CNMD
$1.55B
| $28.4M | 0.01% |
394,904
-47,583
| -11% | -$3.31M |
|
1212
Evertec
EVTC
$1.92B
| $28.4M | 0.01% |
1,009,055
-105,785
| -9% | -$2.8M |
|
1213
Teradata
TDC
$3.02B
| $28.3M | 0.01% |
1,362,277
-89,645
| -6% | -$1.95M |
|
1214
OneMain Financial
OMF
$7.44B
| $28.3M | 0.01% |
1,153,869
-137,826
| -11% | -$3.14M |
|
|
NBL
1215
DELISTED
Noble Energy, Inc.
NBL
| $28.3M | 0.01% |
3,159,609
-700,580
| -18% | -$6.26M |
|
1216
Sabre
SABR
$779M
| $28.2M | 0.01% |
3,503,912
+814,385
| +30% | +$5.77M |
|
1217
Apple Hospitality REIT
APLE
$3.91B
| $28.2M | 0.01% |
2,919,085
+315,563
| +12% | +$3M |
|
1218
Casella Waste Systems
CWST
$5.85B
| $28.2M | 0.01% |
540,119
+14,371
| +3% | +$686K |
|
|
CHX
1219
DELISTED
ChampionX
CHX
| $28.1M | 0.01% |
2,881,123
+1,956,656
| +212% | +$17.9M |
|
1220
InterDigital
IDCC
$7.98B
| $28.1M | 0.01% |
496,103
+36,286
| +8% | +$1.93M |
|
1221
International Bancshares
IBOC
$4.74B
| $28.1M | 0.01% |
877,204
+14,229
| +2% | +$409K |
|
1222
Element Solutions
ESI
$9.18B
| $28.1M | 0.01% |
2,587,741
+159,188
| +7% | +$1.6M |
|
|
STAY
1223
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $28M | 0.01% |
2,505,708
+250,956
| +11% | +$2.63M |
|
1224
NOV
NOV
$6.94B
| $28M | 0.01% |
2,286,835
-334,290
| -13% | -$4.11M |
|
|
BDN
1225
Brandywine Realty Trust
BDN
$541M
| $28M | 0.01% |
2,569,038
+305,532
| +13% | +$3.15M |
|
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.