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 | |
|---|---|---|---|---|---|---|
|
CXP
1326
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $17.7M | 0.01% |
1,417,486
| – | – |
|
|
JBTM
1327
JBT Marel
JBTM
$6.33B
| $17.7M | 0.01% |
237,711
+4,976
| +2% | +$498K |
|
|
NVTA
1328
DELISTED
Invitae Corporation
NVTA
| $17.6M | 0.01% |
1,287,785
+74,074
| +6% | +$1.35M |
|
1329
Under Armour Class C
UA
$2.67B
| $17.6M | 0.01% |
2,177,721
+67,590
| +3% | +$970K |
|
|
AVNS
1330
DELISTED
Avanos Medical
AVNS
| $17.6M | 0.01% |
651,702
| – | – |
|
1331
Grocery Outlet
GO
$959M
| $17.5M | 0.01% |
510,517
+345,254
| +209% | +$11.2M |
|
1332
MaxLinear
MXL
$6.37B
| $17.5M | 0.01% |
1,502,224
-11,004
| -0.7% | -$184K |
|
|
UFS
1333
DELISTED
DOMTAR CORPORATION (New)
UFS
| $17.5M | 0.01% |
809,666
-63,115
| -7% | -$2.01M |
|
1334
HNI Corp
HNI
$3.53B
| $17.5M | 0.01% |
695,452
| – | – |
|
1335
Rambus
RMBS
$10.6B
| $17.5M | 0.01% |
1,577,741
-31,051
| -2% | -$430K |
|
1336
Freshpet
FRPT
$3.21B
| $17.4M | 0.01% |
+272,776
| New | +$17.5M |
|
1337
Simmons First National
SFNC
$3.4B
| $17.3M | 0.01% |
942,744
+65,102
| +7% | +$1.48M |
|
|
OPI
1338
DELISTED
Office Properties Income Trust
OPI
| $17.3M | 0.01% |
634,974
| – | – |
|
1339
SouthState Bank Corp
SSB
$10.5B
| $17.3M | 0.01% |
294,484
+11,149
| +4% | +$824K |
|
1340
California Water Service
CWT
$3.06B
| $17.3M | 0.01% |
343,472
-30,115
| -8% | -$1.56M |
|
|
UCB
1341
United Community Banks
UCB
$4.3B
| $17.3M | 0.01% |
942,676
+50,684
| +6% | +$1.31M |
|
1342
Rogers Corp
ROG
$2.39B
| $17.3M | 0.01% |
182,753
| – | – |
|
1343
Spectrum Brands
SPB
$2.03B
| $17.2M | 0.01% |
473,888
+19,151
| +4% | +$1.04M |
|
1344
Empire State Realty Trust
ESRT
$843M
| $17.2M | 0.01% |
1,923,489
+21,294
| +1% | +$261K |
|
|
BHVN
1345
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $17.2M | 0.01% |
506,370
+25,949
| +5% | +$1.19M |
|
1346
H.B. Fuller
FUL
$3.18B
| $17.2M | 0.01% |
616,705
-293,106
| -32% | -$12.3M |
|
1347
Delek US
DK
$3.59B
| $17.2M | 0.01% |
1,092,009
-105,270
| -9% | -$2.5M |
|
1348
Methanex
MEOH
$4.21B
| $17.2M | 0.01% |
1,003,847
-25,185
| -2% | -$724K |
|
|
LK
1349
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $17.2M | 0.01% |
630,914
+500,000
| +382% | +$18.4M |
|
|
VRE
1350
DELISTED
Veris Residential
VRE
| $17.1M | 0.01% |
1,125,614
-47,641
| -4% | -$974K |
|
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.