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 | |
|---|---|---|---|---|---|---|
1301
GATX Corp
GATX
$6.27B
| $23.5M | 0.01% |
368,706
+4,606
| +1% | +$293K |
|
1302
First Citizens BancShares
FCNCA
$25.3B
| $23.5M | 0.01% |
73,633
-459
| -0.6% | -$177K |
|
|
SUM
1303
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $23.5M | 0.01% |
1,442,817
-568,272
| -28% | -$9.1M |
|
|
AXNX
1304
DELISTED
Axonics, Inc. Common Stock
AXNX
| $23.4M | 0.01% |
459,439
| – | – |
|
|
PVG
1305
DELISTED
PRETIUM RESOURCES INC.
PVG
| $23.4M | 0.01% |
1,830,738
| – | – |
|
1306
Installed Building Products
IBP
$6.57B
| $23.4M | 0.01% |
229,927
-13,768
| -6% | -$1.18M |
|
1307
Energizer
ENR
$1.55B
| $23.4M | 0.01% |
597,404
-65,800
| -10% | -$3.02M |
|
|
PRO
1308
DELISTED
PROS Holdings
PRO
| $23.4M | 0.01% |
731,815
-58,479
| -7% | -$2.2M |
|
1309
Itron
ITRI
$4.54B
| $23.3M | 0.01% |
384,143
-31,385
| -8% | -$2M |
|
1310
World Kinect Corp
WKC
$1.86B
| $23.3M | 0.01% |
1,101,130
-125,658
| -10% | -$3.07M |
|
|
LSXMA
1311
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $23.3M | 0.01% |
954,128
-18,756
| -2% | -$483K |
|
1312
Valley National Bancorp
VLY
$8.05B
| $23.2M | 0.01% |
3,393,526
-1,367,200
| -29% | -$10.2M |
|
|
PTVE
1313
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $23.2M | 0.01% |
+1,830,000
| New | +$22.9M |
|
1314
Penske Automotive Group
PAG
$14.2B
| $23.2M | 0.01% |
487,220
+16,235
| +3% | +$754K |
|
1315
FormFactor
FORM
$9.17B
| $23.2M | 0.01% |
931,348
+190,764
| +26% | +$5.32M |
|
|
SEM
1316
DELISTED
Select Medical
SEM
| $23.2M | 0.01% |
2,069,433
-740,018
| -26% | -$7.29M |
|
1317
UMB Financial
UMBF
$11.1B
| $23.2M | 0.01% |
472,758
-21,066
| -4% | -$1.06M |
|
1318
Steven Madden
SHOO
$3.55B
| $23.2M | 0.01% |
1,187,842
-170,983
| -13% | -$3.68M |
|
1319
American Airlines Group
AAL
$10.6B
| $23.2M | 0.01% |
1,883,901
| – | – |
|
1320
Sunstone Hotel Investors
SHO
$2.06B
| $23.1M | 0.01% |
2,913,044
-191,475
| -6% | -$1.52M |
|
1321
Liberty Media Series A
FWONA
$23.5B
| $23.1M | 0.01% |
720,510
| – | – |
|
1322
California Water Service
CWT
$3.12B
| $23.1M | 0.01% |
531,517
-21,624
| -4% | -$1.01M |
|
|
PACW
1323
DELISTED
PacWest Bancorp
PACW
| $23.1M | 0.01% |
1,351,642
-57,246
| -4% | -$1.06M |
|
1324
Mercury Insurance
MCY
$6.07B
| $23.1M | 0.01% |
557,391
| – | – |
|
1325
United Bankshares
UBSI
$6.62B
| $23.1M | 0.01% |
1,073,758
-245,962
| -19% | -$6.4M |
|
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.