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 | |
|---|---|---|---|---|---|---|
1276
Federal Signal
FSS
$7.83B
| $25.7M | 0.01% |
865,695
-12,322
| -1% | -$349K |
|
|
OPLN
1277
Openlane
OPLN
$4.31B
| $25.7M | 0.01% |
1,866,196
+281,620
| +18% | +$3.87M |
|
|
CLDR
1278
DELISTED
Cloudera, Inc.
CLDR
| $25.7M | 0.01% |
2,018,214
+245,497
| +14% | +$2.36M |
|
1279
Assured Guaranty
AGO
$3.73B
| $25.6M | 0.01% |
1,049,069
-416,561
| -28% | -$11.4M |
|
1280
Ironwood Pharmaceuticals
IRWD
$728M
| $25.5M | 0.01% |
2,471,979
-43,869
| -2% | -$449K |
|
1281
UMB Financial
UMBF
$11.2B
| $25.5M | 0.01% |
493,824
+21,506
| +5% | +$1.05M |
|
|
PDCO
1282
DELISTED
Patterson Companies, Inc.
PDCO
| $25.4M | 0.01% |
1,155,965
+243,512
| +27% | +$4.26M |
|
1283
Philips
PHG
$25.5B
| $25.4M | 0.01% |
668,213
-13,555
| -2% | -$472K |
|
1284
Sunstone Hotel Investors
SHO
$2.18B
| $25.3M | 0.01% |
3,104,519
| – | – |
|
1285
Hain Celestial
HAIN
$45.3M
| $25.3M | 0.01% |
802,846
+233,752
| +41% | +$6.76M |
|
|
CVET
1286
DELISTED
Covetrus, Inc. Common Stock
CVET
| $25.3M | 0.01% |
1,413,235
+107,357
| +8% | +$1.41M |
|
1287
Tower Semiconductor
TSEM
$26.5B
| $25.2M | 0.01% |
1,321,909
-1,000
| -0.1% | -$19.1K |
|
|
FLOW
1288
DELISTED
SPX FLOW, Inc.
FLOW
| $25.2M | 0.01% |
673,693
+24,032
| +4% | +$784K |
|
1289
MillerKnoll
MLKN
$1.63B
| $25.1M | 0.01% |
1,065,092
+97,327
| +10% | +$2.2M |
|
|
JOBS
1290
DELISTED
51job Inc
JOBS
| $25.1M | 0.01% |
350,266
| – | – |
|
1291
J&J Snack Foods
JJSF
$1.48B
| $25.1M | 0.01% |
197,751
| – | – |
|
1292
Artisan Partners
APAM
$2.93B
| $25.1M | 0.01% |
772,329
| – | – |
|
1293
Horace Mann Educators
HMN
$2.1B
| $25M | 0.01% |
679,999
-29,386
| -4% | -$1.03M |
|
1294
Interactive Brokers
IBKR
$38.9B
| $24.9M | 0.01% |
2,385,552
+304,704
| +15% | +$3.18M |
|
1295
Visteon
VC
$2.79B
| $24.9M | 0.01% |
363,067
+41,803
| +13% | +$2.63M |
|
|
PRFT
1296
DELISTED
Perficient Inc
PRFT
| $24.9M | 0.01% |
695,000
| – | – |
|
|
BMCH
1297
DELISTED
BMC Stock Holdings, Inc
BMCH
| $24.9M | 0.01% |
989,129
+76,285
| +8% | +$1.69M |
|
|
TCO
1298
DELISTED
Taubman Centers Inc.
TCO
| $24.9M | 0.01% |
658,520
| – | – |
|
1299
Dana Inc
DAN
$2.95B
| $24.8M | 0.01% |
2,037,461
+280,044
| +16% | +$3.04M |
|
1300
Rambus
RMBS
$10B
| $24.8M | 0.01% |
1,632,686
+54,945
| +3% | +$774K |
|
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.