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 | |
|---|---|---|---|---|---|---|
|
SJI
1301
DELISTED
South Jersey Industries, Inc.
SJI
| $24.8M | 0.01% |
992,759
+366,966
| +59% | +$9.67M |
|
1302
TripAdvisor
TRIP
$1.65B
| $24.7M | 0.01% |
1,300,738
+210,300
| +19% | +$4.02M |
|
|
BIG
1303
DELISTED
Big Lots, Inc.
BIG
| $24.7M | 0.01% |
587,564
+76,376
| +15% | +$2.17M |
|
|
LSXMA
1304
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $24.7M | 0.01% |
972,884
-1,987,503
| -67% | -$48.6M |
|
1305
National Vision
EYE
$1.79B
| $24.6M | 0.01% |
807,527
+78,953
| +11% | +$2.07M |
|
1306
EXL Service
EXLS
$5.23B
| $24.6M | 0.01% |
1,942,415
| – | – |
|
1307
American Airlines Group
AAL
$10.6B
| $24.6M | 0.01% |
1,883,901
+422,594
| +29% | +$5.13M |
|
1308
John Wiley & Sons Class A
WLY
$2.68B
| $24.6M | 0.01% |
630,699
+26,651
| +4% | +$1.02M |
|
1309
AutoNation
AN
$7.16B
| $24.6M | 0.01% |
653,528
+197,580
| +43% | +$7.15M |
|
|
SAIL
1310
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $24.5M | 0.01% |
927,302
+151,055
| +19% | +$3.12M |
|
1311
Columbia Sportswear
COLM
$2.98B
| $24.4M | 0.01% |
303,390
-25,453
| -8% | -$1.86M |
|
|
MDC
1312
DELISTED
M.D.C. Holdings, Inc.
MDC
| $24.4M | 0.01% |
739,293
-16,630
| -2% | -$460K |
|
1313
JetBlue
JBLU
$2.38B
| $24.4M | 0.01% |
2,239,108
+333,601
| +18% | +$3.29M |
|
1314
Gentherm
THRM
$1.26B
| $24.4M | 0.01% |
627,035
+27,770
| +5% | +$1.05M |
|
1315
Yelp
YELP
$1.47B
| $24.3M | 0.01% |
1,052,178
+246,530
| +31% | +$5.37M |
|
1316
Tenet Healthcare
THC
$20.1B
| $24.3M | 0.01% |
1,342,114
+7,142
| +0.5% | +$141K |
|
|
CVSA
1317
Covista Inc
CVSA
$4.33B
| $24.3M | 0.01% |
778,965
+35,185
| +5% | +$1.1M |
|
|
MGLN
1318
DELISTED
Magellan Health Services, Inc.
MGLN
| $24.3M | 0.01% |
332,353
-11,213
| -3% | -$718K |
|
|
RPAI
1319
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $24.3M | 0.01% |
3,313,002
+650,080
| +24% | +$3.75M |
|
1320
Home BancShares
HOMB
$6.28B
| $24.2M | 0.01% |
1,574,487
+546,312
| +53% | +$7.68M |
|
|
JBTM
1321
JBT Marel
JBTM
$7.39B
| $24.2M | 0.01% |
280,891
+43,180
| +18% | +$3.35M |
|
1322
Choice Hotels
CHH
$4.98B
| $24.1M | 0.01% |
305,127
-68,100
| -18% | -$5.19M |
|
1323
Prestige Consumer Healthcare
PBH
$2.46B
| $24.1M | 0.01% |
640,939
+1,207
| +0.2% | +$48.3K |
|
1324
Petrobras Class A
PBR.A
$109B
| $24M | 0.01% |
3,012,665
| – | – |
|
1325
Corcept Therapeutics
CORT
$12.3B
| $24M | 0.01% |
1,425,396
+369,889
| +35% | +$5.2M |
|
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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.