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 | |
|---|---|---|---|---|---|---|
1226
Adeia
ADEA
$3.07B
| $28M | 0.01% |
7,161,456
+2,811,564
| +65% | +$10.6M |
|
1227
Enovis
ENOV
$1.81B
| $28M | 0.01% |
582,245
+135,991
| +30% | +$6.01M |
|
|
PPBI
1228
DELISTED
Pacific Premier Bancorp
PPBI
| $27.9M | 0.01% |
1,286,487
+625,649
| +95% | +$12.5M |
|
|
PDM
1229
Piedmont Realty Trust
PDM
$1.24B
| $27.9M | 0.01% |
1,679,054
| – | – |
|
|
PACW
1230
DELISTED
PacWest Bancorp
PACW
| $27.8M | 0.01% |
1,408,888
+160,628
| +13% | +$2.98M |
|
|
B
1231
DELISTED
Barnes Group Inc.
B
| $27.6M | 0.01% |
698,594
+123,526
| +21% | +$4.74M |
|
1232
Trinity Industries
TRN
$2.5B
| $27.6M | 0.01% |
1,297,498
-67,017
| -5% | -$1.29M |
|
|
UNIT
1233
Uniti Group
UNIT
$2.34B
| $27.6M | 0.01% |
2,954,266
+826,261
| +39% | +$6.2M |
|
1234
CVB Financial
CVBF
$4.03B
| $27.6M | 0.01% |
1,473,590
+266,281
| +22% | +$5.08M |
|
1235
Bank of Hawaii
BOH
$3.16B
| $27.6M | 0.01% |
449,166
-14,800
| -3% | -$914K |
|
|
SC
1236
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $27.6M | 0.01% |
1,496,500
-195,286
| -12% | -$3.16M |
|
|
SCS
1237
DELISTED
Steelcase
SCS
| $27.5M | 0.01% |
2,283,205
+126,000
| +6% | +$1.38M |
|
1238
Itron
ITRI
$4.42B
| $27.5M | 0.01% |
415,528
+32,972
| +9% | +$2.1M |
|
1239
Evercore
EVR
$12.3B
| $27.5M | 0.01% |
467,137
+25,082
| +6% | +$1.36M |
|
1240
Insight Enterprises
NSIT
$3.98B
| $27.5M | 0.01% |
559,398
+56,995
| +11% | +$2.81M |
|
1241
Papa John's
PZZA
$1.02B
| $27.4M | 0.01% |
345,143
+69,338
| +25% | +$5.16M |
|
|
CSOD
1242
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $27.4M | 0.01% |
710,306
+79,840
| +13% | +$2.81M |
|
1243
Varonis Systems
VRNS
$4.73B
| $27.4M | 0.01% |
928,263
+153,387
| +20% | +$3.84M |
|
|
JWN
1244
DELISTED
Nordstrom
JWN
| $27.3M | 0.01% |
1,764,520
+320,616
| +22% | +$5.65M |
|
1245
Quaker Houghton
KWR
$2.89B
| $27.2M | 0.01% |
146,764
+4,692
| +3% | +$736K |
|
|
EPAY
1246
DELISTED
Bottomline Technologies Inc
EPAY
| $27.2M | 0.01% |
536,632
+40,121
| +8% | +$1.79M |
|
|
LMNX
1247
DELISTED
Luminex Corp
LMNX
| $27.2M | 0.01% |
835,240
-101,784
| -11% | -$3.22M |
|
1248
Wolverine World Wide
WWW
$1.62B
| $27.1M | 0.01% |
1,139,328
+34,163
| +3% | +$694K |
|
1249
Ingevity
NGVT
$2.52B
| $27.1M | 0.01% |
515,717
+50,612
| +11% | +$2.4M |
|
1250
Outfront Media
OUT
$5.61B
| $27M | 0.01% |
1,932,859
+173,583
| +10% | +$2.43M |
|
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.