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 | |
|---|---|---|---|---|---|---|
|
OPLN
1276
Openlane
OPLN
$4.62B
| $19M | 0.01% |
1,584,576
+133,511
| +9% | +$2.61M |
|
1277
Enerpac Tool Group
EPAC
$1.92B
| $19M | 0.01% |
1,146,929
| – | – |
|
1278
TripAdvisor
TRIP
$1.22B
| $19M | 0.01% |
1,090,438
-36,526
| -3% | -$925K |
|
1279
McGrath RentCorp
MGRC
$2.97B
| $19M | 0.01% |
362,000
| – | – |
|
1280
WesBanco
WSBC
$4B
| $18.9M | 0.01% |
799,058
| – | – |
|
1281
Nu Skin
NUS
$252M
| $18.9M | 0.01% |
866,101
| – | – |
|
1282
Tennant Co
TNC
$1.31B
| $18.9M | 0.01% |
326,503
| – | – |
|
1283
Lithia Motors
LAD
$8.26B
| $18.9M | 0.01% |
231,189
+8,825
| +4% | +$1.06M |
|
|
IBKC
1284
DELISTED
IBERIABANK Corp
IBKC
| $18.8M | 0.01% |
521,120
| – | – |
|
|
PRFT
1285
DELISTED
Perficient Inc
PRFT
| $18.8M | 0.01% |
695,000
| – | – |
|
1286
Gentherm
THRM
$1.24B
| $18.8M | 0.01% |
599,265
| – | – |
|
1287
Pebblebrook Hotel Trust
PEB
$2.08B
| $18.8M | 0.01% |
1,726,740
| – | – |
|
1288
BP
BP
$109B
| $18.7M | 0.01% |
766,960
+154,678
| +25% | +$5M |
|
1289
American Eagle Outfitters
AEO
$2.97B
| $18.7M | 0.01% |
2,350,515
+20,938
| +0.9% | +$266K |
|
1290
Westlake Corp
WLK
$9.9B
| $18.6M | 0.01% |
488,048
| – | – |
|
1291
Cleveland-Cliffs
CLF
$6.98B
| $18.6M | 0.01% |
4,712,289
+1,620,761
| +52% | +$10.2M |
|
1292
Kennametal
KMT
$2.58B
| $18.6M | 0.01% |
999,084
+13,329
| +1% | +$380K |
|
|
CORE
1293
DELISTED
Core Mark Holding Co., Inc.
CORE
| $18.5M | 0.01% |
648,096
+108,702
| +20% | +$2.69M |
|
1294
Pilgrim's Pride
PPC
$6.56B
| $18.5M | 0.01% |
1,021,361
| – | – |
|
1295
ABM Industries
ABM
$2.84B
| $18.5M | 0.01% |
759,531
+78,972
| +12% | +$2.72M |
|
|
FLOW
1296
DELISTED
SPX FLOW, Inc.
FLOW
| $18.5M | 0.01% |
649,661
| – | – |
|
1297
StoneCo
STNE
$2.69B
| $18.4M | 0.01% |
847,151
+683,847
| +419% | +$26.1M |
|
|
TMHC
1298
DELISTED
Taylor Morrison
TMHC
| $18.4M | 0.01% |
1,675,763
+312,348
| +23% | +$6.72M |
|
1299
Sturm, Ruger & Co
RGR
$604M
| $18.4M | 0.01% |
361,878
+11,111
| +3% | +$546K |
|
1300
Insmed
INSM
$28.9B
| $18.4M | 0.01% |
1,149,212
+70,247
| +7% | +$1.67M |
|
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.