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 | |
|---|---|---|---|---|---|---|
1226
Inogen
INGN
$163M
| $20.5M | 0.01% |
397,140
-6,490
| -2% | -$312K |
|
|
AAN.A
1227
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $20.5M | 0.01% |
899,421
| – | – |
|
1228
Yeti Holdings
YETI
$3.94B
| $20.4M | 0.01% |
1,047,039
+977,039
| +1,396% | +$29M |
|
1229
United Fire Group
UFCS
$1.4B
| $20.4M | 0.01% |
625,441
| – | – |
|
1230
Evercore
EVR
$11.8B
| $20.4M | 0.01% |
442,055
-7,347
| -2% | -$492K |
|
1231
Allogene Therapeutics
ALLO
$690M
| $20.3M | 0.01% |
1,044,833
-19,747
| -2% | -$470K |
|
1232
Element Solutions
ESI
$9.34B
| $20.3M | 0.01% |
2,428,553
-88,773
| -4% | -$944K |
|
|
GAP
1233
The Gap Inc
GAP
$7.37B
| $20.3M | 0.01% |
2,879,121
-687,564
| -19% | -$10.2M |
|
1234
BlackBerry
BB
$5.23B
| $20.2M | 0.01% |
4,928,436
-90,000
| -2% | -$489K |
|
1235
EXL Service
EXLS
$5.29B
| $20.2M | 0.01% |
1,942,415
| – | – |
|
|
ISBC
1236
DELISTED
Investors Bancorp, Inc.
ISBC
| $20.2M | 0.01% |
2,529,715
-35,648
| -1% | -$383K |
|
|
ICPT
1237
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $20.2M | 0.01% |
320,216
+18,228
| +6% | +$1.64M |
|
1238
Glaukos
GKOS
$10.5B
| $20.1M | 0.01% |
652,313
| – | – |
|
1239
Fulton Financial
FULT
$4.65B
| $20.1M | 0.01% |
1,750,291
-44,817
| -2% | -$688K |
|
1240
Independent Bank
INDB
$4B
| $20.1M | 0.01% |
311,783
+16,581
| +6% | +$1.18M |
|
|
CSOD
1241
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $20M | 0.01% |
630,466
| – | – |
|
1242
Hancock Whitney
HWC
$6.25B
| $20M | 0.01% |
1,024,500
+51,813
| +5% | +$1.79M |
|
|
CIM
1243
Chimera Investment
CIM
$1.01B
| $20M | 0.01% |
731,846
| – | – |
|
1244
Wayfair
W
$14.6B
| $20M | 0.01% |
373,672
-42,746
| -10% | -$3.27M |
|
|
VG
1245
DELISTED
Vonage Holdings Corporation
VG
| $20M | 0.01% |
2,761,603
| – | – |
|
|
PRA
1246
DELISTED
ProAssurance
PRA
| $19.9M | 0.01% |
797,932
-27,861
| -3% | -$841K |
|
|
CVSA
1247
Covista Inc
CVSA
$4.78B
| $19.9M | 0.01% |
743,780
-19,785
| -3% | -$630K |
|
1248
CareTrust REIT
CTRE
$9.71B
| $19.9M | 0.01% |
1,346,457
+51,165
| +4% | +$1.02M |
|
1249
Ryman Hospitality Properties
RHP
$7.71B
| $19.9M | 0.01% |
555,278
-15,229
| -3% | -$1.05M |
|
|
DOOR
1250
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $19.9M | 0.01% |
418,759
-14,393
| -3% | -$1.02M |
|
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.