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 | |
|---|---|---|---|---|---|---|
|
ZGNX
1501
DELISTED
Zogenix, Inc.
ZGNX
| $12.6M | ﹤0.01% |
508,969
| – | – |
|
1502
Myriad Genetics
MYGN
$304M
| $12.6M | ﹤0.01% |
879,477
-15,212
| -2% | -$321K |
|
1503
Supernus Pharmaceuticals
SUPN
$2.72B
| $12.6M | ﹤0.01% |
698,547
| – | – |
|
|
TIVO
1504
DELISTED
Tivo Inc
TIVO
| $12.6M | ﹤0.01% |
1,774,269
| – | – |
|
|
AVYA
1505
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $12.6M | ﹤0.01% |
1,551,839
| – | – |
|
|
FTCH
1506
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $12.6M | ﹤0.01% |
1,588,927
+129,559
| +9% | +$1.4M |
|
1507
Corcept Therapeutics
CORT
$11.7B
| $12.6M | ﹤0.01% |
1,055,507
| – | – |
|
|
TSE
1508
DELISTED
Trinseo
TSE
| $12.5M | ﹤0.01% |
692,402
| – | – |
|
1509
TTM Technologies
TTMI
$14.2B
| $12.5M | ﹤0.01% |
1,211,579
-13,096
| -1% | -$172K |
|
1510
Primoris Services
PRIM
$4.35B
| $12.5M | ﹤0.01% |
787,555
| – | – |
|
1511
APA Corp
APA
$12.9B
| $12.5M | ﹤0.01% |
2,986,230
-1,023,868
| -26% | -$22.8M |
|
|
PPBI
1512
DELISTED
Pacific Premier Bancorp
PPBI
| $12.4M | ﹤0.01% |
660,838
+55,525
| +9% | +$1.48M |
|
1513
Usana Health Sciences
USNA
$275M
| $12.4M | ﹤0.01% |
215,531
+3,377
| +2% | +$235K |
|
|
ATCO
1514
DELISTED
Atlas Corp.
ATCO
| $12.4M | ﹤0.01% |
1,618,080
-102,691
| -6% | -$1.13M |
|
|
CUB
1515
DELISTED
Cubic Corporation
CUB
| $12.4M | ﹤0.01% |
300,470
+4,741
| +2% | +$274K |
|
|
ENDP
1516
DELISTED
Endo International plc
ENDP
| $12.4M | ﹤0.01% |
3,352,155
+174,010
| +5% | +$881K |
|
1517
The RealReal
REAL
$1.54B
| $12.4M | ﹤0.01% |
1,765,084
+1,715,084
| +3,430% | +$23.4M |
|
1518
Acadia Realty Trust
AKR
$2.84B
| $12.4M | ﹤0.01% |
997,003
-13,192
| -1% | -$298K |
|
|
HOLI
1519
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $12.3M | ﹤0.01% |
956,787
| – | – |
|
1520
Home BancShares
HOMB
$6.18B
| $12.3M | ﹤0.01% |
1,028,175
+206,784
| +25% | +$3.58M |
|
|
WIRE
1521
DELISTED
Encore Wire Corp
WIRE
| $12.3M | ﹤0.01% |
292,921
-9,900
| -3% | -$511K |
|
1522
Eagle Bancorp
EGBN
$849M
| $12.3M | ﹤0.01% |
406,477
+35,778
| +10% | +$1.44M |
|
1523
Eldorado Gold
EGO
$9.37B
| $12.3M | ﹤0.01% |
1,973,734
+507,786
| +35% | +$3.82M |
|
|
OSB
1524
DELISTED
Norbord Inc.
OSB
| $12.3M | ﹤0.01% |
1,036,732
-118,450
| -10% | -$2.99M |
|
|
MIME
1525
DELISTED
Mimecast Limited
MIME
| $12.3M | ﹤0.01% |
347,442
| – | – |
|
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.