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 | |
|---|---|---|---|---|---|---|
|
TPTX
1551
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $11.6M | ﹤0.01% |
+258,940
| New | +$13.8M |
|
|
ROIC
1552
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $11.6M | ﹤0.01% |
1,394,532
| – | – |
|
1553
ATI
ATI
$30.5B
| $11.6M | ﹤0.01% |
1,359,812
| – | – |
|
|
INVX
1554
Innovex International
INVX
$2.15B
| $11.6M | ﹤0.01% |
378,763
+21,404
| +6% | +$835K |
|
|
CTB
1555
DELISTED
Cooper Tire & Rubber Co.
CTB
| $11.5M | ﹤0.01% |
704,721
+62,164
| +10% | +$1.55M |
|
|
KAMN
1556
DELISTED
Kaman Corp
KAMN
| $11.5M | ﹤0.01% |
298,173
| – | – |
|
|
TARO
1557
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $11.4M | ﹤0.01% |
186,428
-4,048
| -2% | -$300K |
|
|
ALEX
1558
DELISTED
Alexander & Baldwin
ALEX
| $11.4M | ﹤0.01% |
1,014,794
| – | – |
|
1559
O-I Glass
OI
$1.09B
| $11.4M | ﹤0.01% |
1,597,133
| – | – |
|
1560
Axos Financial
AX
$5.78B
| $11.3M | ﹤0.01% |
622,851
| – | – |
|
1561
First Commonwealth Financial
FCF
$2.17B
| $11.3M | ﹤0.01% |
1,233,545
-55,031
| -4% | -$681K |
|
1562
Yext
YEXT
$558M
| $11.3M | ﹤0.01% |
1,106,457
| – | – |
|
|
MIC
1563
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $11.3M | ﹤0.01% |
445,814
+13,152
| +3% | +$503K |
|
|
DMC
1564
Del Monte Corp
DMC
$1.41B
| $11.2M | ﹤0.01% |
406,836
-7,748
| -2% | -$246K |
|
1565
Carnival Corporation Ltd
CCL
$39.4B
| $11.2M | ﹤0.01% |
850,543
-3,057,319
| -78% | -$109M |
|
|
RDFN
1566
DELISTED
Redfin
RDFN
| $11.2M | ﹤0.01% |
725,268
+133,758
| +23% | +$3.12M |
|
1567
Kite Realty
KRG
$5.35B
| $11.2M | ﹤0.01% |
1,180,321
-21,538
| -2% | -$345K |
|
1568
Acushnet Holdings
GOLF
$5.5B
| $11.2M | ﹤0.01% |
433,865
+50,035
| +13% | +$1.44M |
|
1569
Capitol Federal Financial
CFFN
$1.11B
| $11.1M | ﹤0.01% |
958,883
| – | – |
|
1570
Rush Enterprises Class A
RUSHA
$6.2B
| $11.1M | ﹤0.01% |
784,343
| – | – |
|
1571
Moog Inc Class A
MOG.A
$13B
| $11M | ﹤0.01% |
216,842
-183,859
| -46% | -$14.3M |
|
1572
Compass Minerals
CMP
$1.08B
| $10.9M | ﹤0.01% |
283,879
| – | – |
|
1573
SITE Centers
SITC
$164M
| $10.9M | ﹤0.01% |
2,684,745
| – | – |
|
|
GTY
1574
Getty Realty Corp
GTY
$2.06B
| $10.9M | ﹤0.01% |
458,859
+80,239
| +21% | +$2.35M |
|
1575
Enanta Pharmaceuticals
ENTA
$388M
| $10.9M | ﹤0.01% |
211,132
| – | – |
|
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.