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 | |
|---|---|---|---|---|---|---|
1476
Central Garden & Pet Co Class A
CENTA
$2.54B
| $13.7M | ﹤0.01% |
667,884
| – | – |
|
1477
Apogee Enterprises
APOG
$900M
| $13.7M | ﹤0.01% |
655,776
| – | – |
|
|
GOOS
1478
Canada Goose Holdings
GOOS
$837M
| $13.7M | ﹤0.01% |
684,124
| – | – |
|
1479
Cimpress
CMPR
$2.34B
| $13.6M | ﹤0.01% |
255,835
-29,287
| -10% | -$2.97M |
|
1480
Boyd Gaming
BYD
$6.11B
| $13.6M | ﹤0.01% |
942,927
| – | – |
|
1481
Urban Edge Properties
UE
$2.71B
| $13.6M | ﹤0.01% |
1,541,049
-24,294
| -2% | -$399K |
|
|
MNDT
1482
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $13.5M | ﹤0.01% |
1,274,091
+59,101
| +5% | +$850K |
|
1483
Shutterstock
SSTK
$218M
| $13.4M | ﹤0.01% |
417,883
-16,835
| -4% | -$673K |
|
1484
Dorman Products
DORM
$4.08B
| $13.4M | ﹤0.01% |
242,766
+101,595
| +72% | +$6.91M |
|
|
PMT
1485
PennyMac Mortgage Investment
PMT
$814M
| $13.3M | ﹤0.01% |
1,255,810
-184,244
| -13% | -$3.64M |
|
1486
Editas Medicine
EDIT
$445M
| $13.3M | ﹤0.01% |
671,144
-11,115
| -2% | -$280K |
|
1487
Renasant Corp
RNST
$3.96B
| $13.3M | ﹤0.01% |
608,203
| – | – |
|
1488
Heron Therapeutics
HRTX
$94.5M
| $13.3M | ﹤0.01% |
1,129,998
+134,918
| +14% | +$2.54M |
|
1489
ATN International
ATNI
$471M
| $13.2M | ﹤0.01% |
224,357
| – | – |
|
|
TWO
1490
Two Harbors Investment
TWO
$1.26B
| $13M | ﹤0.01% |
852,960
+19,971
| +2% | +$1.02M |
|
1491
PRA Group
PRAA
$692M
| $12.9M | ﹤0.01% |
467,016
| – | – |
|
|
XEC
1492
DELISTED
CIMAREX ENERGY CO
XEC
| $12.9M | ﹤0.01% |
768,628
-188,565
| -20% | -$6.77M |
|
|
UNIT
1493
Uniti Group
UNIT
$2.33B
| $12.8M | ﹤0.01% |
2,128,005
| – | – |
|
1494
AutoNation
AN
$6.99B
| $12.8M | ﹤0.01% |
455,948
| – | – |
|
1495
Imperial Oil
IMO
$61.1B
| $12.7M | ﹤0.01% |
1,124,173
-2,645,456
| -70% | -$55.2M |
|
1496
Canadian Solar
CSIQ
$1.05B
| $12.7M | ﹤0.01% |
798,457
| – | – |
|
|
BECN
1497
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $12.7M | ﹤0.01% |
764,967
+8,573
| +1% | +$249K |
|
1498
AstraZeneca
AZN
$250B
| $12.6M | ﹤0.01% |
141,577
+105,121
| +288% | +$9.9M |
|
1499
Scholastic
SCHL
$753M
| $12.6M | ﹤0.01% |
495,526
| – | – |
|
1500
Greif
GEF
$5.07B
| $12.6M | ﹤0.01% |
405,267
-37,610
| -8% | -$1.43M |
|
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.