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 | |
|---|---|---|---|---|---|---|
1251
Rithm Capital
RITM
$5.55B
| $19.8M | 0.01% |
3,954,876
| – | – |
|
|
AL
1252
DELISTED
Air Lease Corp
AL
| $19.8M | 0.01% |
894,427
+85,024
| +11% | +$3.23M |
|
|
MRO
1253
DELISTED
Marathon Oil Corporation
MRO
| $19.8M | 0.01% |
6,008,347
-2,551,373
| -30% | -$23.5M |
|
1254
Natera
NTRA
$38B
| $19.7M | 0.01% |
661,042
+40,894
| +7% | +$1.37M |
|
1255
Columbia Banking Systems
COLB
$8.78B
| $19.6M | 0.01% |
732,674
+24,956
| +4% | +$877K |
|
|
CADE
1256
DELISTED
Cadence Bank
CADE
| $19.6M | 0.01% |
1,035,732
+10,179
| +1% | +$269K |
|
|
NEWR
1257
DELISTED
New Relic, Inc.
NEWR
| $19.5M | 0.01% |
422,635
| – | – |
|
|
TRTN
1258
DELISTED
Triton International Limited
TRTN
| $19.5M | 0.01% |
753,530
| – | – |
|
1259
Gaotu Techedu
GOTU
$453M
| $19.5M | 0.01% |
459,978
+187,446
| +69% | +$6.92M |
|
1260
SSR Mining
SSRM
$5.87B
| $19.5M | 0.01% |
1,710,769
| – | – |
|
1261
LCI Industries
LCII
$2.57B
| $19.5M | 0.01% |
291,243
| – | – |
|
|
FG
1262
DELISTED
FGL Holdings Ordinary Shares
FG
| $19.4M | 0.01% |
1,984,647
-59,271
| -3% | -$626K |
|
|
ECHO
1263
EchoStar
ECHO
$25.3B
| $19.4M | 0.01% |
608,087
| – | – |
|
1264
Atlantic Union Bankshares
AUB
$6.02B
| $19.4M | 0.01% |
887,528
| – | – |
|
1265
Coty
COTY
$2.39B
| $19.3M | 0.01% |
3,748,748
| – | – |
|
1266
Insperity
NSP
$1.96B
| $19.2M | 0.01% |
515,673
-9,990
| -2% | -$709K |
|
1267
Healthcare Services Group
HCSG
$1.51B
| $19.2M | 0.01% |
804,231
+52,959
| +7% | +$1.36M |
|
1268
Tenet Healthcare
THC
$20.7B
| $19.2M | 0.01% |
1,334,972
| – | – |
|
1269
Merit Medical Systems
MMSI
$5.24B
| $19.1M | 0.01% |
612,574
| – | – |
|
|
WORK
1270
DELISTED
Slack Technologies, Inc.
WORK
| $19.1M | 0.01% |
+713,201
| New | +$17.2M |
|
1271
Ryder
R
$10.1B
| $19.1M | 0.01% |
723,692
-13,483
| -2% | -$568K |
|
|
VNET
1272
VNET Group
VNET
$2B
| $19.1M | 0.01% |
1,379,455
-259,064
| -16% | -$3.18M |
|
1273
Trustmark
TRMK
$2.78B
| $19.1M | 0.01% |
820,499
| – | – |
|
1274
Korn Ferry
KFY
$4.2B
| $19.1M | 0.01% |
785,392
| – | – |
|
1275
NIO
NIO
$11.5B
| $19.1M | 0.01% |
6,858,534
+6,588,629
| +2,441% | +$24.5M |
|
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.