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 | |
|---|---|---|---|---|---|---|
1401
PagerDuty
PD
$902M
| $20.8M | 0.01% |
767,166
+732,166
| +2,092% | +$20.6M |
|
|
OSB
1402
DELISTED
Norbord Inc.
OSB
| $20.8M | 0.01% |
702,660
-334,072
| -32% | -$10.4M |
|
1403
JELD-WEN Holding
JELD
$164M
| $20.7M | 0.01% |
914,477
| – | – |
|
1404
Edgewell Personal Care
EPC
$1.31B
| $20.6M | 0.01% |
740,125
+12,726
| +2% | +$377K |
|
1405
Nelnet
NNI
$4.73B
| $20.5M | 0.01% |
340,145
-48,097
| -12% | -$2.94M |
|
1406
Enpro
NPO
$7.05B
| $20.5M | 0.01% |
362,889
-102,246
| -22% | -$5.51M |
|
|
RETA
1407
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $20.5M | 0.01% |
210,053
-27,859
| -12% | -$3.48M |
|
1408
Heron Therapeutics
HRTX
$91.8M
| $20.5M | 0.01% |
1,380,271
-104,144
| -7% | -$1.62M |
|
1409
International Bancshares
IBOC
$4.57B
| $20.4M | 0.01% |
783,691
-93,513
| -11% | -$2.86M |
|
1410
Visteon
VC
$2.78B
| $20.4M | 0.01% |
294,241
-68,826
| -19% | -$5.08M |
|
1411
Brinker International
EAT
$9.65B
| $20.3M | 0.01% |
474,632
-170,299
| -26% | -$5.93M |
|
1412
B&G Foods
BGS
$284M
| $20.2M | 0.01% |
728,937
+178,349
| +32% | +$4.99M |
|
1413
TriMas Corp
TRS
$1.44B
| $20.2M | 0.01% |
887,505
-320,493
| -27% | -$7.81M |
|
1414
Axsome Therapeutics
AXSM
$10.9B
| $20.2M | 0.01% |
283,855
-122,343
| -30% | -$9.53M |
|
1415
Kratos Defense & Security Solutions
KTOS
$11.4B
| $20.2M | 0.01% |
1,047,587
-157,792
| -13% | -$2.92M |
|
1416
Westlake Corp
WLK
$9.89B
| $20.2M | 0.01% |
318,913
-33,145
| -9% | -$1.96M |
|
1417
Kirby Corp
KEX
$6.93B
| $20.1M | 0.01% |
556,828
+54,609
| +11% | +$2.41M |
|
|
CTB
1418
DELISTED
Cooper Tire & Rubber Co.
CTB
| $20.1M | 0.01% |
635,290
-170,242
| -21% | -$5.55M |
|
1419
Ubiquiti
UI
$34.2B
| $20.1M | 0.01% |
120,803
| – | – |
|
1420
ESCO Technologies
ESE
$7.92B
| $20.1M | 0.01% |
248,979
-6,045
| -2% | -$521K |
|
|
CWEN.A
1421
DELISTED
Clearway Energy Class A
CWEN.A
| $20M | 0.01% |
811,100
| – | – |
|
1422
Cimpress
CMPR
$2.31B
| $20M | 0.01% |
266,416
-10,527
| -4% | -$902K |
|
|
CUB
1423
DELISTED
Cubic Corporation
CUB
| $20M | 0.01% |
344,150
+43,680
| +15% | +$2.05M |
|
1424
Worthington Enterprises
WOR
$2.86B
| $19.9M | 0.01% |
791,059
-149,399
| -16% | -$3.64M |
|
|
JHG
1425
DELISTED
Janus Henderson
JHG
| $19.8M | 0.01% |
913,462
+120,035
| +15% | +$2.49M |
|
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.