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
|
+$518M |
| 2 |
Zoom
ZM
|
+$517M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$376M |
| 4 |
Match Group
MTCH
|
+$249M |
| 5 |
CrowdStrike
CRWD
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$658M |
| 2 |
Linde
LIN
|
+$320M |
| 3 |
Bank of America
BAC
|
+$307M |
| 4 |
PPLI
People Inc
PPLI
|
+$300M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$252M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.61% |
| 2 | Consumer Discretionary | 14.53% |
| 3 | Healthcare | 13.24% |
| 4 | Financials | 12.9% |
| 5 | Communication Services | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1551
Opko Health
OPK
$985M
| $16.2M | ﹤0.01% |
4,386,861
+255,520
| +6% | +$1.08M |
|
1552
Strategy Inc
MSTR
$37.2B
| $16.1M | ﹤0.01% |
1,072,260
-478,320
| -31% | -$6.47M |
|
1553
Cohen & Steers
CNS
$4.34B
| $16.1M | ﹤0.01% |
287,936
+32,522
| +13% | +$2.01M |
|
1554
TTM Technologies
TTMI
$14.2B
| $16M | ﹤0.01% |
1,406,043
| – | – |
|
|
MFA
1555
MFA Financial
MFA
$919M
| $16M | ﹤0.01% |
1,495,605
+100,401
| +7% | +$1.08M |
|
1556
Resideo Technologies
REZI
$3.95B
| $16M | ﹤0.01% |
1,457,547
+135,461
| +10% | +$1.72M |
|
|
PS
1557
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $16M | ﹤0.01% |
935,181
-169,264
| -15% | -$3.24M |
|
1558
Patrick Industries
PATK
$2.87B
| $16M | ﹤0.01% |
416,621
-29,085
| -7% | -$1.16M |
|
1559
Compass Minerals
CMP
$1.08B
| $15.9M | ﹤0.01% |
267,492
-76,300
| -22% | -$4.2M |
|
1560
Reynolds Consumer Products
REYN
$5.54B
| $15.9M | ﹤0.01% |
518,141
-869,105
| -63% | -$28.6M |
|
1561
AeroVironment
AVAV
$8.66B
| $15.8M | ﹤0.01% |
263,732
+15,332
| +6% | +$1.14M |
|
|
AVYA
1562
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $15.8M | ﹤0.01% |
1,038,634
-321,166
| -24% | -$4.54M |
|
|
AAT
1563
American Assets Trust
AAT
$1.38B
| $15.7M | ﹤0.01% |
650,869
-20,032
| -3% | -$520K |
|
1564
First Financial Bancorp
FFBC
$3.55B
| $15.7M | ﹤0.01% |
1,305,737
| – | – |
|
|
TWO
1565
Two Harbors Investment
TWO
$1.26B
| $15.7M | ﹤0.01% |
769,755
-50,397
| -6% | -$1.07M |
|
|
ROIC
1566
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $15.7M | ﹤0.01% |
1,504,422
| – | – |
|
|
FMBI
1567
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $15.6M | ﹤0.01% |
1,448,784
| – | – |
|
1568
Atlantic Union Bankshares
AUB
$6.02B
| $15.6M | ﹤0.01% |
728,725
-272,160
| -27% | -$6.19M |
|
1569
Acushnet Holdings
GOLF
$5.5B
| $15.5M | ﹤0.01% |
462,611
-53,662
| -10% | -$1.89M |
|
1570
Inogen
INGN
$176M
| $15.5M | ﹤0.01% |
535,375
+66,756
| +14% | +$2.1M |
|
|
NXGN
1571
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $15.5M | ﹤0.01% |
1,217,490
-258,859
| -18% | -$3.31M |
|
|
CXP
1572
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $15.5M | ﹤0.01% |
1,417,486
| – | – |
|
|
TWNK
1573
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $15.4M | ﹤0.01% |
1,250,924
-199,675
| -14% | -$2.51M |
|
|
ARGO
1574
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $15.4M | ﹤0.01% |
447,716
-65,503
| -13% | -$2.29M |
|
1575
Urban Edge Properties
UE
$2.71B
| $15.4M | ﹤0.01% |
1,585,021
-27,263
| -2% | -$290K |
|
Similar funds
Norges Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Norges Bank held 2,199 positions worth $376B, up 8.4% from $347B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q3 2020 filing shows 123 new, 615 increased, 1,177 reduced and 71 closed positions. Its largest new stake was Match Group: 2,348,708 shares worth $260M. The largest sale was Apple, an estimated $658M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Norges Bank's largest Q3 2020 buy was Match Group: 2,348,708 shares worth $260M.
- Norges Bank added most to Walmart Inc in Q3 2020, an estimated $518M increase.
- Norges Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $658M.
- Norges Bank fully exited Tech Data Corp in Q3 2020, selling an estimated $66.6M.
- Norges Bank's ten largest holdings make up 23% of its $376B portfolio in Q3 2020.
- Norges Bank opened 123 new positions and closed 71 in Q3 2020.
- Norges Bank's portfolio value rose 8.4% quarter-over-quarter to $376B.
Based on Norges Bank's 13F filing for Q3 2020, filed 10 Nov 2020.