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 | |
|---|---|---|---|---|---|---|
1451
Varex Imaging
VREX
$516M
| $14.4M | 0.01% |
635,221
| – | – |
|
|
ARI
1452
Apollo Commercial Real Estate
ARI
$876M
| $14.4M | 0.01% |
1,941,859
+44,350
| +2% | +$692K |
|
1453
Targa Resources
TRGP
$57.6B
| $14.4M | 0.01% |
2,084,367
+292,887
| +16% | +$8.71M |
|
1454
BOK Financial
BOKF
$8.78B
| $14.4M | 0.01% |
338,358
| – | – |
|
1455
Banner Corp
BANR
$2.4B
| $14.3M | 0.01% |
433,173
+5,685
| +1% | +$269K |
|
|
SWI
1456
DELISTED
SolarWinds Corporation Common Stock
SWI
| $14.2M | 0.01% |
859,484
| – | – |
|
|
WDR
1457
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $14.2M | 0.01% |
1,246,548
-47,256
| -4% | -$705K |
|
1458
National Vision
EYE
$1.8B
| $14.1M | 0.01% |
728,574
+28,972
| +4% | +$902K |
|
1459
Goodyear
GT
$1.94B
| $14.1M | 0.01% |
2,428,504
| – | – |
|
1460
Innoviva
INVA
$1.56B
| $14.1M | 0.01% |
1,201,905
-19,877
| -2% | -$263K |
|
1461
Ameris Bancorp
ABCB
$5.92B
| $14.1M | 0.01% |
594,023
+41,102
| +7% | +$1.47M |
|
1462
Northwest Bancshares
NWBI
$2.29B
| $14.1M | 0.01% |
1,217,331
| – | – |
|
1463
CNA Financial
CNA
$14.2B
| $14M | 0.01% |
450,541
| – | – |
|
|
PDCO
1464
DELISTED
Patterson Companies, Inc.
PDCO
| $14M | 0.01% |
912,453
| – | – |
|
|
CLDR
1465
DELISTED
Cloudera, Inc.
CLDR
| $14M | 0.01% |
1,772,717
+197,302
| +13% | +$1.93M |
|
|
PE
1466
DELISTED
PARSLEY ENERGY INC
PE
| $13.9M | 0.01% |
2,433,335
+247,590
| +11% | +$3.34M |
|
1467
OR Royalties Inc
OR
$6.03B
| $13.9M | ﹤0.01% |
1,859,397
| – | – |
|
1468
Green Dot
GDOT
$759M
| $13.9M | ﹤0.01% |
545,856
-36,900
| -6% | -$1.06M |
|
|
RPAI
1469
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $13.8M | ﹤0.01% |
2,662,922
| – | – |
|
1470
EQT Corp
EQT
$32.3B
| $13.8M | ﹤0.01% |
1,945,289
-476,757
| -20% | -$3.35M |
|
|
NVMI
1471
Nova
NVMI
$12.1B
| $13.7M | ﹤0.01% |
415,182
| – | – |
|
1472
Dana Inc
DAN
$2.94B
| $13.7M | ﹤0.01% |
1,757,417
-55,500
| -3% | -$766K |
|
|
LKFT
1473
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.71B
| $13.7M | ﹤0.01% |
70,000
| – | – |
|
1474
Edgewell Personal Care
EPC
$1.3B
| $13.7M | ﹤0.01% |
569,151
+17,396
| +3% | +$520K |
|
|
SPNS
1475
DELISTED
Sapiens International
SPNS
| $13.7M | ﹤0.01% |
198,688
| – | – |
|
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.