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
|
+$518M |
| 2 |
Zoom
ZM
|
+$517M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$376M |
| 4 |
Match Group
MTCH
|
+$249M |
| 5 |
CrowdStrike
CRWD
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$658M |
| 2 |
Linde
LIN
|
+$320M |
| 3 |
Bank of America
BAC
|
+$307M |
| 4 |
PPLI
People Inc
PPLI
|
+$300M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$252M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.61% |
| 2 | Consumer Discretionary | 14.53% |
| 3 | Healthcare | 13.24% |
| 4 | Financials | 12.9% |
| 5 | Communication Services | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HMSY
1276
DELISTED
HMS Holdings Corp.
HMSY
| $24.8M | 0.01% |
1,035,202
-170,787
| -14% | -$5.02M |
|
|
BDN
1277
Brandywine Realty Trust
BDN
$554M
| $24.8M | 0.01% |
2,396,682
-172,356
| -7% | -$1.86M |
|
1278
OR Royalties Inc
OR
$6.2B
| $24.7M | 0.01% |
2,090,294
+29,506
| +1% | +$343K |
|
1279
Jack in the Box
JACK
$335M
| $24.6M | 0.01% |
310,223
-8,516
| -3% | -$685K |
|
1280
U-Haul Holding Co
UHAL
$14.6B
| $24.6M | 0.01% |
689,760
+239,100
| +53% | +$8.15M |
|
|
PPBI
1281
DELISTED
Pacific Premier Bancorp
PPBI
| $24.5M | 0.01% |
1,217,959
-68,528
| -5% | -$1.45M |
|
1282
Dana Inc
DAN
$3.06B
| $24.5M | 0.01% |
1,990,899
-46,562
| -2% | -$605K |
|
1283
O-I Glass
OI
$1.08B
| $24.5M | 0.01% |
2,313,011
+69,751
| +3% | +$746K |
|
1284
Artisan Partners
APAM
$3.02B
| $24.5M | 0.01% |
627,404
-144,925
| -19% | -$5.31M |
|
1285
OSI Systems
OSIS
$3.89B
| $24.3M | 0.01% |
313,217
-43,392
| -12% | -$3.24M |
|
1286
Chewy
CHWY
$9.63B
| $24.2M | 0.01% |
441,258
-2,657
| -0.6% | -$143K |
|
1287
InterDigital
IDCC
$8.89B
| $24.2M | 0.01% |
423,299
-72,804
| -15% | -$4.37M |
|
|
BBBY
1288
DELISTED
Bed Bath & Beyond Inc
BBBY
| $24M | 0.01% |
1,605,159
-361,359
| -18% | -$4.18M |
|
1289
CareTrust REIT
CTRE
$9.74B
| $24M | 0.01% |
1,346,457
| – | – |
|
1290
Grocery Outlet
GO
$980M
| $23.9M | 0.01% |
608,701
-251,370
| -29% | -$10.4M |
|
|
ALLK
1291
DELISTED
Allakos
ALLK
| $23.9M | 0.01% |
293,519
-13,433
| -4% | -$1.09M |
|
1292
Palomar
PLMR
$3.45B
| $23.9M | 0.01% |
+229,135
| New | +$22.5M |
|
1293
New Jersey Resources
NJR
$5.58B
| $23.9M | 0.01% |
883,661
-134,951
| -13% | -$4.11M |
|
|
SYKE
1294
DELISTED
SYKES Enterprises Inc
SYKE
| $23.9M | 0.01% |
697,585
-85,267
| -11% | -$2.64M |
|
1295
Gentherm
THRM
$1.27B
| $23.8M | 0.01% |
582,432
-44,603
| -7% | -$1.87M |
|
1296
Corcept Therapeutics
CORT
$12B
| $23.8M | 0.01% |
1,367,712
-57,684
| -4% | -$919K |
|
|
CSGS
1297
DELISTED
CSG Systems International
CSGS
| $23.8M | 0.01% |
581,209
+17,113
| +3% | +$713K |
|
|
TWOU
1298
DELISTED
2U Inc
TWOU
| $23.8M | 0.01% |
23,413
-5,941
| -20% | -$7.06M |
|
1299
PTC Therapeutics
PTCT
$6.12B
| $23.7M | 0.01% |
507,129
-66,754
| -12% | -$3.29M |
|
1300
Carlyle Group
CG
$17.2B
| $23.7M | 0.01% |
+959,304
| New | +$25.9M |
|
Similar funds
Norges Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Norges Bank held 2,199 positions worth $376B, up 8.4% from $347B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q3 2020 filing shows 123 new, 615 increased, 1,177 reduced and 71 closed positions. Its largest new stake was Match Group: 2,348,708 shares worth $260M. The largest sale was Apple, an estimated $658M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Norges Bank's largest Q3 2020 buy was Match Group: 2,348,708 shares worth $260M.
- Norges Bank added most to Walmart Inc in Q3 2020, an estimated $518M increase.
- Norges Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $658M.
- Norges Bank fully exited Tech Data Corp in Q3 2020, selling an estimated $66.6M.
- Norges Bank's ten largest holdings make up 23% of its $376B portfolio in Q3 2020.
- Norges Bank opened 123 new positions and closed 71 in Q3 2020.
- Norges Bank's portfolio value rose 8.4% quarter-over-quarter to $376B.
Based on Norges Bank's 13F filing for Q3 2020, filed 10 Nov 2020.