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 | |
|---|---|---|---|---|---|---|
1401
PENN Entertainment
PENN
$2.69B
| $16M | 0.01% |
1,261,840
-137,519
| -10% | -$3.46M |
|
1402
Minerals Technologies
MTX
$2.34B
| $16M | 0.01% |
440,150
| – | – |
|
1403
Sabre
SABR
$886M
| $15.9M | 0.01% |
2,689,527
| – | – |
|
1404
Moelis & Co
MC
$4.98B
| $15.9M | 0.01% |
567,204
| – | – |
|
1405
Meritage Homes
MTH
$4.71B
| $15.9M | 0.01% |
872,936
| – | – |
|
1406
Energizer
ENR
$1.48B
| $15.9M | 0.01% |
526,540
+34,584
| +7% | +$1.57M |
|
|
TWNK
1407
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $15.9M | 0.01% |
1,491,382
-19,700
| -1% | -$250K |
|
1408
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.89B
| $15.8M | 0.01% |
774,229
| – | – |
|
|
MNTV
1409
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $15.8M | 0.01% |
1,168,055
-18,613
| -2% | -$320K |
|
1410
Diamondrock Hospitality Co
DRH
$2.58B
| $15.7M | 0.01% |
3,081,277
| – | – |
|
|
SJI
1411
DELISTED
South Jersey Industries, Inc.
SJI
| $15.6M | 0.01% |
625,793
| – | – |
|
1412
Aaon
AAON
$7.39B
| $15.5M | 0.01% |
480,755
+75,057
| +19% | +$2.62M |
|
1413
Ligand Pharmaceuticals
LGND
$6.02B
| $15.5M | 0.01% |
340,607
-22,840
| -6% | -$1.29M |
|
1414
Ormat Technologies
ORA
$6.6B
| $15.4M | 0.01% |
228,116
| – | – |
|
|
XHR
1415
Xenia Hotels & Resorts
XHR
$1.82B
| $15.4M | 0.01% |
1,497,267
| – | – |
|
1416
Visteon
VC
$2.75B
| $15.4M | 0.01% |
321,264
| – | – |
|
|
NXGN
1417
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $15.4M | 0.01% |
1,476,349
-160,167
| -10% | -$2.07M |
|
1418
Hope Bancorp
HOPE
$1.78B
| $15.4M | 0.01% |
1,874,506
-36,802
| -2% | -$460K |
|
1419
Capri Holdings
CPRI
$1.72B
| $15.4M | 0.01% |
1,424,519
+69,150
| +5% | +$1.82M |
|
1420
Monro
MNRO
$388M
| $15.3M | 0.01% |
349,734
| – | – |
|
1421
CorVel
CRVL
$3.19B
| $15.3M | 0.01% |
840,375
-82,206
| -9% | -$2.14M |
|
1422
First Merchants
FRME
$2.69B
| $15.3M | 0.01% |
575,702
+41,123
| +8% | +$1.5M |
|
1423
Worthington Enterprises
WOR
$2.83B
| $15.2M | 0.01% |
940,458
| – | – |
|
1424
Enovis
ENOV
$1.51B
| $15.2M | 0.01% |
446,254
+54,511
| +14% | +$3M |
|
1425
RLJ Lodging Trust
RLJ
$1.81B
| $15.2M | 0.01% |
1,969,841
| – | – |
|
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.