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 | |
|---|---|---|---|---|---|---|
|
HUYA
1551
Huya Inc
HUYA
$563M
| $16.4M | ﹤0.01% |
881,011
+256,556
| +41% | +$4.28M |
|
1552
WesBanco
WSBC
$3.97B
| $16.4M | ﹤0.01% |
809,617
+10,559
| +1% | +$231K |
|
|
CVGW
1553
DELISTED
Calavo Growers
CVGW
| $16.4M | ﹤0.01% |
261,129
| – | – |
|
1554
PBF Energy
PBF
$8.57B
| $16.4M | ﹤0.01% |
1,598,269
-77,579
| -5% | -$775K |
|
1555
Innoviva
INVA
$1.55B
| $16.4M | ﹤0.01% |
1,169,755
-32,150
| -3% | -$437K |
|
|
HTLF
1556
DELISTED
Heartland Financial USA, Inc.
HTLF
| $16.3M | ﹤0.01% |
488,100
| – | – |
|
1557
Rush Enterprises Class A
RUSHA
$6.2B
| $16.3M | ﹤0.01% |
882,472
+98,129
| +13% | +$1.63M |
|
|
ZGNX
1558
DELISTED
Zogenix, Inc.
ZGNX
| $16.3M | ﹤0.01% |
601,994
+93,025
| +18% | +$2.57M |
|
1559
uniQure
QURE
$3.03B
| $16.2M | ﹤0.01% |
360,371
-17,721
| -5% | -$1.05M |
|
1560
Coca-Cola Consolidated
COKE
$12.5B
| $16.2M | ﹤0.01% |
708,190
| – | – |
|
|
NXGN
1561
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $16.2M | ﹤0.01% |
1,476,349
| – | – |
|
|
AXNX
1562
DELISTED
Axonics, Inc. Common Stock
AXNX
| $16.1M | ﹤0.01% |
459,439
-7,424
| -2% | -$256K |
|
1563
Ameris Bancorp
ABCB
$5.85B
| $16.1M | ﹤0.01% |
681,267
+87,244
| +15% | +$2.05M |
|
1564
Madrigal Pharmaceuticals
MDGL
$10.8B
| $16.1M | ﹤0.01% |
141,788
+9,136
| +7% | +$898K |
|
1565
ADT
ADT
$5.58B
| $16M | ﹤0.01% |
2,007,873
| – | – |
|
|
GOOS
1566
Canada Goose Holdings
GOOS
$872M
| $15.9M | ﹤0.01% |
684,124
| – | – |
|
|
DHC
1567
Diversified Healthcare Trust
DHC
$2.15B
| $15.8M | ﹤0.01% |
3,580,786
+676,180
| +23% | +$2.39M |
|
|
ITCI
1568
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $15.8M | ﹤0.01% |
617,235
+19,795
| +3% | +$401K |
|
1569
Cushman & Wakefield Ltd
CWK
$3.14B
| $15.8M | ﹤0.01% |
1,271,344
| – | – |
|
1570
Liberty Latin America Class C
LILAK
$1.63B
| $15.8M | ﹤0.01% |
1,958,337
+276,072
| +16% | +$2.35M |
|
|
LX
1571
LexinFintech Holdings
LX
$241M
| $15.8M | ﹤0.01% |
1,485,074
+911,112
| +159% | +$8.11M |
|
1572
Verra Mobility
VRRM
$804M
| $15.8M | ﹤0.01% |
1,535,129
+613,619
| +67% | +$5.81M |
|
1573
Cinemark Holdings
CNK
$4.24B
| $15.8M | ﹤0.01% |
1,364,166
+213,349
| +19% | +$2.89M |
|
1574
CNA Financial
CNA
$14.2B
| $15.7M | ﹤0.01% |
489,630
+39,089
| +9% | +$1.2M |
|
1575
Moog Inc Class A
MOG.A
$12.4B
| $15.7M | ﹤0.01% |
295,574
+78,732
| +36% | +$4.04M |
|
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.