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
|
+$864M |
| 2 |
T-Mobile US
TMUS
|
+$580M |
| 3 |
Meta Platforms (Facebook)
META
|
+$367M |
| 4 |
AbbVie
ABBV
|
+$348M |
| 5 |
Blackrock
BLK
|
+$335M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$692M |
| 2 |
RTN
Raytheon Company
RTN
|
+$368M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$279M |
| 4 |
Visa
V
|
+$237M |
| 5 |
Intel
INTC
|
+$187M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.84% |
| 2 | Healthcare | 13.58% |
| 3 | Financials | 13.55% |
| 4 | Consumer Discretionary | 13.35% |
| 5 | Communication Services | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
Methode Electronics
MEI
$496M
| $19.9M | 0.01% |
637,503
-43,335
| -6% | -$1.3M |
|
1427
Upbound Group
UPBD
$1.13B
| $19.9M | 0.01% |
714,474
-35,273
| -5% | -$784K |
|
|
ECHO
1428
EchoStar
ECHO
$24.4B
| $19.9M | 0.01% |
710,455
+102,368
| +17% | +$3.11M |
|
1429
Chewy
CHWY
$9.25B
| $19.8M | 0.01% |
443,915
-420,905
| -49% | -$18.4M |
|
1430
Alaska Air
ALK
$5.29B
| $19.8M | 0.01% |
546,779
+23,067
| +4% | +$751K |
|
1431
Trustmark
TRMK
$2.76B
| $19.8M | 0.01% |
807,717
-12,782
| -2% | -$308K |
|
1432
AeroVironment
AVAV
$7.56B
| $19.8M | 0.01% |
248,400
+55,277
| +29% | +$3.56M |
|
1433
Eldorado Gold
EGO
$7.87B
| $19.7M | 0.01% |
2,044,673
+70,939
| +4% | +$616K |
|
1434
Simply Good Foods
SMPL
$901M
| $19.6M | 0.01% |
1,057,185
-29,086
| -3% | -$515K |
|
|
GWPH
1435
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $19.6M | 0.01% |
+160,000
| New | +$18.2M |
|
1436
PennyMac Financial
PFSI
$3.92B
| $19.6M | 0.01% |
468,398
+290,497
| +163% | +$9.2M |
|
1437
McGrath RentCorp
MGRC
$2.81B
| $19.6M | 0.01% |
362,000
| – | – |
|
1438
Texas Capital Bancshares
TCBI
$4.3B
| $19.5M | 0.01% |
632,587
+285,804
| +82% | +$8M |
|
1439
Kaiser Aluminum
KALU
$2.61B
| $19.5M | 0.01% |
265,111
| – | – |
|
1440
SPX Corp
SPXC
$11B
| $19.5M | 0.01% |
473,318
+30,121
| +7% | +$1.13M |
|
|
FARO
1441
DELISTED
Faro Technologies
FARO
| $19.4M | 0.01% |
362,817
-4,840
| -1% | -$254K |
|
1442
Editas Medicine
EDIT
$396M
| $19.4M | 0.01% |
656,466
-14,678
| -2% | -$384K |
|
|
SIX
1443
DELISTED
Six Flags Entertainment Corp.
SIX
| $19.4M | 0.01% |
1,009,313
+317,995
| +46% | +$6.32M |
|
|
AQUA
1444
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $19.4M | 0.01% |
1,040,609
+407,213
| +64% | +$6.74M |
|
|
FMBI
1445
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $19.3M | 0.01% |
1,448,784
+196,395
| +16% | +$2.61M |
|
1446
Ormat Technologies
ORA
$6B
| $19.3M | 0.01% |
304,614
+76,498
| +34% | +$5.01M |
|
|
BECN
1447
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $19.3M | 0.01% |
733,307
-31,660
| -4% | -$707K |
|
1448
Coty
COTY
$2.42B
| $19.3M | 0.01% |
4,322,456
+573,708
| +15% | +$2.78M |
|
1449
Fulton Financial
FULT
$4.66B
| $19.3M | 0.01% |
1,833,276
+82,985
| +5% | +$900K |
|
1450
CorVel
CRVL
$3.06B
| $19.3M | 0.01% |
816,417
-23,958
| -3% | -$472K |
|
Similar funds
Norges Bank's Q2 2020 Portfolio in Review
As of Q2 2020, Norges Bank held 2,120 positions worth $347B, up 24% from $281B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Norges Bank's Q2 2020 filing shows 74 new, 993 increased, 738 reduced and 44 closed positions. Its largest new stake was Nikola Corporation Common Stock: 333,333 shares worth $675M. The largest sale was Allergan plc, an estimated $692M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Financials.
- Norges Bank's largest Q2 2020 buy was Nikola Corporation Common Stock: 333,333 shares worth $675M.
- Norges Bank added most to Walmart Inc in Q2 2020, an estimated $864M increase.
- Norges Bank's biggest Q2 2020 reduction was Bristol-Myers Squibb, cutting an estimated $279M.
- Norges Bank fully exited Allergan plc in Q2 2020, selling an estimated $692M.
- Norges Bank's ten largest holdings make up 22% of its $347B portfolio in Q2 2020.
- Norges Bank opened 74 new positions and closed 44 in Q2 2020.
- Norges Bank's portfolio value rose 24% quarter-over-quarter to $347B.
Based on Norges Bank's 13F filing for Q2 2020, filed 7 Aug 2020.