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 |
Alibaba
BABA
|
+$713M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$532M |
| 3 |
AvalonBay Communities
AVB
|
+$338M |
| 4 |
Essex Property Trust
ESS
|
+$322M |
| 5 |
Equity Residential
EQR
|
+$295M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$783M |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
+$286M |
| 3 |
Morgan Stanley
MS
|
+$196M |
| 4 |
Bank of America
BAC
|
+$170M |
| 5 |
Ameriprise Financial
AMP
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.16% |
| 2 | Financials | 16.45% |
| 3 | Healthcare | 13.43% |
| 4 | Consumer Discretionary | 11.44% |
| 5 | Communication Services | 9.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AVYA
1501
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $20.9M | 0.01% |
1,551,839
+75,503
| +5% | +$927K |
|
1502
Constellium
CSTM
$3.76B
| $20.9M | 0.01% |
1,562,588
+106,672
| +7% | +$1.47M |
|
1503
Patterson-UTI
PTEN
$3.98B
| $20.9M | 0.01% |
1,993,894
+84,014
| +4% | +$760K |
|
1504
Natera
NTRA
$38.3B
| $20.9M | 0.01% |
620,148
+349,902
| +129% | +$12.9M |
|
1505
BlackLine
BL
$1.84B
| $20.7M | 0.01% |
401,916
| – | – |
|
|
CALY
1506
Callaway Golf Company
CALY
$3.32B
| $20.7M | 0.01% |
975,209
| – | – |
|
|
UHT
1507
Universal Health Realty Income Trust
UHT
$603M
| $20.7M | 0.01% |
176,095
+2,970
| +2% | +$338K |
|
|
EVBG
1508
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $20.7M | 0.01% |
264,636
| – | – |
|
|
SJI
1509
DELISTED
South Jersey Industries, Inc.
SJI
| $20.6M | 0.01% |
625,793
-12,579
| -2% | -$397K |
|
1510
Coca-Cola Consolidated
COKE
$12.5B
| $20.6M | 0.01% |
725,810
+67,890
| +10% | +$1.9M |
|
1511
Kulicke & Soffa
KLIC
$4.67B
| $20.6M | 0.01% |
756,498
-78,700
| -9% | -$1.94M |
|
|
CATM
1512
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $20.5M | 0.01% |
458,891
| – | – |
|
1513
Adient
ADNT
$1.65B
| $20.5M | 0.01% |
964,103
+114,838
| +14% | +$2.55M |
|
|
TCO
1514
DELISTED
Taubman Centers Inc.
TCO
| $20.5M | 0.01% |
658,520
| – | – |
|
|
VG
1515
DELISTED
Vonage Holdings Corporation
VG
| $20.5M | 0.01% |
2,761,603
| – | – |
|
1516
Hain Celestial
HAIN
$45M
| $20.4M | 0.01% |
787,894
| – | – |
|
1517
Weibo
WB
$2B
| $20.4M | 0.01% |
441,164
-117,217
| -21% | -$5.49M |
|
|
OPI
1518
DELISTED
Office Properties Income Trust
OPI
| $20.4M | 0.01% |
634,974
| – | – |
|
1519
JELD-WEN Holding
JELD
$122M
| $20.3M | 0.01% |
867,815
-57,975
| -6% | -$1.19M |
|
1520
Acadia Healthcare
ACHC
$2.76B
| $20.3M | 0.01% |
611,475
-474,837
| -44% | -$14.9M |
|
1521
Northwest Bancshares
NWBI
$2.3B
| $20.2M | 0.01% |
1,217,331
| – | – |
|
1522
Editas Medicine
EDIT
$396M
| $20.2M | 0.01% |
682,259
| – | – |
|
1523
CNA Financial
CNA
$14.2B
| $20.2M | 0.01% |
450,541
| – | – |
|
1524
Group 1 Automotive
GPI
$3.42B
| $20.1M | 0.01% |
200,997
-10,192
| -5% | -$1.01M |
|
1525
Interface
TILE
$1.99B
| $20.1M | 0.01% |
1,211,119
| – | – |
|
Similar funds
Norges Bank's Q4 2019 Portfolio in Review
As of Q4 2019, Norges Bank held 2,137 positions worth $358B, up 9.8% from $327B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Norges Bank's Q4 2019 filing shows 45 new, 503 increased, 473 reduced and 63 closed positions. Its largest new stake was Walmart Inc: 4,711,437 shares worth $187M. The largest sale was Celgene Corp, an estimated $783M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q4 2019 buy was Walmart Inc: 4,711,437 shares worth $187M.
- Norges Bank added most to Alibaba in Q4 2019, an estimated $713M increase.
- Norges Bank's biggest Q4 2019 reduction was Morgan Stanley, cutting an estimated $196M.
- Norges Bank fully exited Celgene Corp in Q4 2019, selling an estimated $783M.
- Norges Bank's ten largest holdings make up 19% of its $358B portfolio in Q4 2019.
- Norges Bank opened 45 new positions and closed 63 in Q4 2019.
- Norges Bank's portfolio value rose 9.8% quarter-over-quarter to $358B.
Based on Norges Bank's 13F filing for Q4 2019, filed 12 Feb 2020.