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 | |
|---|---|---|---|---|---|---|
1451
Dorman Products
DORM
$3.98B
| $19.3M | 0.01% |
287,491
+44,725
| +18% | +$2.88M |
|
|
XEC
1452
DELISTED
CIMAREX ENERGY CO
XEC
| $19.3M | 0.01% |
701,175
-67,453
| -9% | -$1.67M |
|
1453
Aaon
AAON
$7.3B
| $19.2M | 0.01% |
531,650
+50,895
| +11% | +$1.71M |
|
1454
Hilltop Holdings
HTH
$2.26B
| $19.2M | 0.01% |
1,038,114
-63,898
| -6% | -$1.1M |
|
1455
Urban Edge Properties
UE
$2.86B
| $19.1M | 0.01% |
1,612,284
+71,235
| +5% | +$715K |
|
|
ODP
1456
DELISTED
ODP
ODP
| $19.1M | 0.01% |
814,042
-72,202
| -8% | -$1.57M |
|
|
GTLS
1457
DELISTED
Chart Industries
GTLS
| $19.1M | 0.01% |
393,874
-18,000
| -4% | -$660K |
|
1458
Belden
BDC
$4.85B
| $19.1M | 0.01% |
585,890
+130,978
| +29% | +$4.36M |
|
1459
PRA Group
PRAA
$663M
| $19.1M | 0.01% |
493,029
+26,013
| +6% | +$825K |
|
1460
Adient
ADNT
$1.65B
| $19.1M | 0.01% |
1,160,366
+51,693
| +5% | +$786K |
|
1461
Kodiak Sciences
KOD
$2.6B
| $19M | 0.01% |
351,925
+6,303
| +2% | +$355K |
|
|
AVNS
1462
DELISTED
Avanos Medical
AVNS
| $19M | 0.01% |
647,154
-4,548
| -0.7% | -$132K |
|
|
NVMI
1463
Nova
NVMI
$12.4B
| $18.9M | 0.01% |
392,861
-22,321
| -5% | -$948K |
|
1464
Westlake Corp
WLK
$9.03B
| $18.9M | 0.01% |
352,058
-135,990
| -28% | -$6.26M |
|
1465
Simmons First National
SFNC
$3.41B
| $18.8M | 0.01% |
1,101,551
+158,807
| +17% | +$2.72M |
|
1466
Kratos Defense & Security Solutions
KTOS
$8.74B
| $18.8M | 0.01% |
1,205,379
+500,491
| +71% | +$8.01M |
|
|
WDR
1467
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $18.8M | 0.01% |
1,212,479
-34,069
| -3% | -$467K |
|
1468
Under Armour
UAA
$2.84B
| $18.7M | 0.01% |
1,921,245
-381,000
| -17% | -$3.62M |
|
|
AAT
1469
American Assets Trust
AAT
$1.45B
| $18.7M | 0.01% |
670,901
| – | – |
|
|
CXP
1470
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $18.6M | 0.01% |
1,417,486
| – | – |
|
|
BZUN
1471
Baozun
BZUN
$167M
| $18.6M | 0.01% |
484,336
+210,546
| +77% | +$6.61M |
|
1472
Huron Consulting
HURN
$2.41B
| $18.6M | 0.01% |
420,819
-32,729
| -7% | -$1.47M |
|
|
SNBR
1473
DELISTED
Sleep Number
SNBR
| $18.6M | 0.01% |
446,873
| – | – |
|
1474
First Bancorp
FBP
$4.42B
| $18.5M | 0.01% |
3,315,957
+194,175
| +6% | +$1.05M |
|
1475
Nelnet
NNI
$4.88B
| $18.5M | 0.01% |
388,242
-66,639
| -15% | -$3.12M |
|
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.