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 | |
|---|---|---|---|---|---|---|
|
ARGO
1501
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $17.9M | 0.01% |
513,219
-80,271
| -14% | -$2.68M |
|
1502
Franklin Resources
BEN
$17.6B
| $17.8M | 0.01% |
848,461
-2,288,197
| -73% | -$43.2M |
|
|
TWNK
1503
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $17.7M | 0.01% |
1,450,599
-40,783
| -3% | -$482K |
|
1504
Kulicke & Soffa
KLIC
$4.67B
| $17.7M | 0.01% |
849,645
+49,081
| +6% | +$1.11M |
|
|
WWE
1505
DELISTED
World Wrestling Entertainment
WWE
| $17.7M | 0.01% |
406,395
-64,343
| -14% | -$2.76M |
|
1506
Banner Corp
BANR
$2.39B
| $17.6M | 0.01% |
463,371
+30,198
| +7% | +$1.07M |
|
|
NAV
1507
DELISTED
Navistar International
NAV
| $17.6M | 0.01% |
623,739
+285,303
| +84% | +$6.77M |
|
1508
LendingTree
TREE
$447M
| $17.6M | 0.01% |
60,734
+16,646
| +38% | +$4.02M |
|
1509
Eastman Chemical
EMN
$8B
| $17.6M | 0.01% |
252,455
+3,084
| +1% | +$194K |
|
1510
Hope Bancorp
HOPE
$1.79B
| $17.6M | 0.01% |
1,906,637
+32,131
| +2% | +$288K |
|
|
UFS
1511
DELISTED
DOMTAR CORPORATION (New)
UFS
| $17.6M | 0.01% |
832,313
+22,647
| +3% | +$492K |
|
|
HTO
1512
H2O America
HTO
$2.57B
| $17.5M | 0.01% |
282,042
+94,126
| +50% | +$5.65M |
|
1513
Terex
TEX
$7.18B
| $17.4M | 0.01% |
927,774
+195,385
| +27% | +$3.11M |
|
1514
Cohen & Steers
CNS
$4.23B
| $17.4M | 0.01% |
255,414
+95,771
| +60% | +$5.77M |
|
1515
Benchmark Electronics
BHE
$2.87B
| $17.4M | 0.01% |
804,515
-12,285
| -2% | -$257K |
|
|
AMWD
1516
DELISTED
American Woodmark
AMWD
| $17.4M | 0.01% |
229,541
+22,939
| +11% | +$1.31M |
|
|
BRSL
1517
Brightstar Lottery PLC
BRSL
$1.84B
| $17.3M | 0.01% |
1,947,513
+655,836
| +51% | +$5.11M |
|
1518
United Fire Group
UFCS
$1.32B
| $17.3M | 0.01% |
625,441
| – | – |
|
1519
Sinclair Inc
SBGI
$992M
| $17.3M | 0.01% |
937,944
-115,025
| -11% | -$2M |
|
1520
LGI Homes
LGIH
$1.27B
| $17.3M | 0.01% |
196,675
+59,924
| +44% | +$4.2M |
|
|
VRE
1521
DELISTED
Veris Residential
VRE
| $17.2M | 0.01% |
1,125,614
| – | – |
|
1522
First Merchants
FRME
$2.68B
| $17.2M | 0.01% |
624,144
+48,442
| +8% | +$1.29M |
|
1523
Genworth Financial
GNW
$3.76B
| $17.2M | ﹤0.01% |
7,429,533
+398,616
| +6% | +$1.25M |
|
|
ROIC
1524
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $17M | ﹤0.01% |
1,504,422
+109,890
| +8% | +$1.07M |
|
1525
Diamondrock Hospitality Co
DRH
$2.71B
| $17M | ﹤0.01% |
3,081,277
| – | – |
|
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.