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 | |
|---|---|---|---|---|---|---|
1376
Weibo
WB
$1.95B
| $21.6M | 0.01% |
593,363
+236,517
| +66% | +$8.35M |
|
1377
Quaker Houghton
KWR
$2.92B
| $21.6M | 0.01% |
119,929
-26,835
| -18% | -$5.15M |
|
1378
STAAR Surgical
STAA
$1.21B
| $21.5M | 0.01% |
+380,605
| New | +$20.5M |
|
1379
BridgeBio Pharma
BBIO
$16.5B
| $21.5M | 0.01% |
573,063
+451,246
| +370% | +$14.2M |
|
|
BECN
1380
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $21.5M | 0.01% |
690,940
-42,367
| -6% | -$1.28M |
|
|
MYOV
1381
DELISTED
Myovant Sciences Ltd.
MYOV
| $21.5M | 0.01% |
1,527,540
+851,097
| +126% | +$15.8M |
|
1382
TripAdvisor
TRIP
$1.26B
| $21.4M | 0.01% |
1,094,587
-206,151
| -16% | -$4.33M |
|
|
THS
1383
DELISTED
Treehouse Foods
THS
| $21.4M | 0.01% |
528,339
-80,120
| -13% | -$3.41M |
|
|
SC
1384
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $21.4M | 0.01% |
1,177,216
-319,284
| -21% | -$5.68M |
|
1385
Kornit Digital
KRNT
$791M
| $21.3M | 0.01% |
+329,061
| New | +$18.9M |
|
1386
McGrath RentCorp
MGRC
$2.92B
| $21.3M | 0.01% |
357,263
-4,737
| -1% | -$286K |
|
|
CXO
1387
DELISTED
CONCHO RESOURCES INC.
CXO
| $21.2M | 0.01% |
480,325
-627,548
| -57% | -$31.3M |
|
1388
Commault Systems
CVLT
$5.61B
| $21.2M | 0.01% |
518,912
-93,538
| -15% | -$3.85M |
|
|
CIT
1389
DELISTED
CIT Group Inc.
CIT
| $21.2M | 0.01% |
1,195,292
-189,217
| -14% | -$3.61M |
|
1390
Horace Mann Educators
HMN
$2.11B
| $21.2M | 0.01% |
633,437
-46,562
| -7% | -$1.73M |
|
1391
Yelp
YELP
$1.41B
| $21.1M | 0.01% |
1,052,178
| – | – |
|
|
HUYA
1392
Huya Inc
HUYA
$558M
| $21.1M | 0.01% |
881,011
| – | – |
|
1393
Adeia
ADEA
$3.11B
| $21.1M | 0.01% |
6,941,180
-220,276
| -3% | -$814K |
|
1394
NETSCOUT
NTCT
$2.79B
| $21M | 0.01% |
962,056
-155,622
| -14% | -$3.76M |
|
1395
CONMED
CNMD
$1.47B
| $21M | 0.01% |
266,797
-128,107
| -32% | -$10.4M |
|
1396
Upbound Group
UPBD
$1.16B
| $21M | 0.01% |
701,697
-12,777
| -2% | -$378K |
|
1397
Usana Health Sciences
USNA
$286M
| $20.9M | 0.01% |
284,296
-38,423
| -12% | -$3.08M |
|
1398
Cavco Industries
CVCO
$4.55B
| $20.9M | 0.01% |
116,098
-18,683
| -14% | -$3.57M |
|
1399
Shutterstock
SSTK
$219M
| $20.9M | 0.01% |
401,203
-16,680
| -4% | -$792K |
|
1400
Home BancShares
HOMB
$6.18B
| $20.8M | 0.01% |
1,372,302
-202,185
| -13% | -$3.25M |
|
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.