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 | |
|---|---|---|---|---|---|---|
|
APLS
1601
DELISTED
Apellis Pharmaceuticals
APLS
| $10.3M | ﹤0.01% |
+385,000
| New | +$13.7M |
|
|
WW
1602
DELISTED
WW International
WW
| $10.3M | ﹤0.01% |
608,651
+86,410
| +17% | +$2.69M |
|
|
EGRX
1603
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $10.3M | ﹤0.01% |
223,737
-24,442
| -10% | -$1.23M |
|
1604
Jack in the Box
JACK
$331M
| $10.3M | ﹤0.01% |
293,580
-37,654
| -11% | -$2.56M |
|
|
CSII
1605
DELISTED
Cardiovascular Systems, Inc.
CSII
| $10.3M | ﹤0.01% |
292,173
-30,937
| -10% | -$1.3M |
|
1606
Shake Shack
SHAK
$2.83B
| $10.3M | ﹤0.01% |
272,171
+93,104
| +52% | +$5.51M |
|
1607
Marcus & Millichap
MMI
$1.2B
| $10.3M | ﹤0.01% |
378,781
| – | – |
|
|
AAMI
1608
Acadian Asset Management
AAMI
$3.26B
| $10.3M | ﹤0.01% |
1,606,175
-180,000
| -10% | -$1.55M |
|
|
FOE
1609
DELISTED
Ferro Corporation
FOE
| $10.3M | ﹤0.01% |
1,096,255
| – | – |
|
|
NTUS
1610
DELISTED
Natus Medical Inc
NTUS
| $10.2M | ﹤0.01% |
440,525
| – | – |
|
1611
CarGurus
CARG
$3.28B
| $10.2M | ﹤0.01% |
536,560
+63,788
| +13% | +$1.83M |
|
|
STL
1612
DELISTED
Sterling Bancorp
STL
| $10.1M | ﹤0.01% |
969,988
+95,310
| +11% | +$1.64M |
|
|
CADE
1613
DELISTED
Cadence Bancorporation
CADE
| $10.1M | ﹤0.01% |
1,541,238
+20,729
| +1% | +$286K |
|
1614
Murphy Oil
MUR
$4.74B
| $10.1M | ﹤0.01% |
1,642,551
-719,544
| -30% | -$13.2M |
|
1615
Oxford Industries
OXM
$560M
| $10.1M | ﹤0.01% |
277,518
-5,884
| -2% | -$361K |
|
1616
Adient
ADNT
$1.48B
| $10.1M | ﹤0.01% |
1,108,673
+144,570
| +15% | +$2.91M |
|
1617
Knowles
KN
$3.36B
| $10M | ﹤0.01% |
750,754
| – | – |
|
1618
NBT Bancorp
NBTB
$2.75B
| $10M | ﹤0.01% |
309,942
+22,759
| +8% | +$834K |
|
|
BPYU
1619
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $10M | ﹤0.01% |
1,180,219
-485,062
| -29% | -$7.87M |
|
1620
City Holding Co
CHCO
$2.04B
| $10M | ﹤0.01% |
150,538
+14,810
| +11% | +$1.09M |
|
1621
TIM SA
TIMB
$8.85B
| $10M | ﹤0.01% |
822,696
| – | – |
|
1622
Heartland Express
HTLD
$952M
| $10M | ﹤0.01% |
538,644
| – | – |
|
|
BEST
1623
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $9.9M | ﹤0.01% |
92,496
| – | – |
|
|
ESPR
1624
DELISTED
Esperion Therapeutics
ESPR
| $9.89M | ﹤0.01% |
313,569
| – | – |
|
|
IBTX
1625
DELISTED
Independent Bank Group, Inc.
IBTX
| $9.84M | ﹤0.01% |
415,532
+34,235
| +9% | +$1.57M |
|
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.