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 | |
|---|---|---|---|---|---|---|
|
EPZM
1601
DELISTED
Epizyme, Inc
EPZM
| $14.3M | ﹤0.01% |
1,200,566
-93,420
| -7% | -$1.25M |
|
1602
uniQure
QURE
$3.15B
| $14.2M | ﹤0.01% |
386,403
+26,032
| +7% | +$1.07M |
|
1603
Ambarella
AMBA
$3.68B
| $14.1M | ﹤0.01% |
270,227
+7,691
| +3% | +$372K |
|
|
WIRE
1604
DELISTED
Encore Wire Corp
WIRE
| $14.1M | ﹤0.01% |
303,525
| – | – |
|
|
AMWD
1605
DELISTED
American Woodmark
AMWD
| $14M | ﹤0.01% |
178,015
-51,526
| -22% | -$4.21M |
|
|
KAMN
1606
DELISTED
Kaman Corp
KAMN
| $14M | ﹤0.01% |
358,276
+7,903
| +2% | +$340K |
|
1607
Benchmark Electronics
BHE
$2.96B
| $13.9M | ﹤0.01% |
691,620
-112,895
| -14% | -$2.29M |
|
|
LGF.A
1608
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $13.9M | ﹤0.01% |
1,468,693
+115,302
| +9% | +$995K |
|
|
FOE
1609
DELISTED
Ferro Corporation
FOE
| $13.8M | ﹤0.01% |
1,113,353
-121,102
| -10% | -$1.5M |
|
|
RCM
1610
DELISTED
R1 RCM Inc. Common Stock
RCM
| $13.8M | ﹤0.01% |
+804,478
| New | +$11.7M |
|
|
XHR
1611
Xenia Hotels & Resorts
XHR
$1.82B
| $13.8M | ﹤0.01% |
1,570,979
-35,220
| -2% | -$311K |
|
1612
Yext
YEXT
$558M
| $13.7M | ﹤0.01% |
905,508
-200,949
| -18% | -$3.39M |
|
|
FARO
1613
DELISTED
Faro Technologies
FARO
| $13.7M | ﹤0.01% |
224,626
-138,191
| -38% | -$7.92M |
|
1614
Signet Jewelers
SIG
$3.65B
| $13.7M | ﹤0.01% |
732,280
-13,927
| -2% | -$203K |
|
|
KRTX
1615
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $13.6M | ﹤0.01% |
+176,094
| New | +$15M |
|
|
HTLF
1616
DELISTED
Heartland Financial USA, Inc.
HTLF
| $13.6M | ﹤0.01% |
453,333
-34,767
| -7% | -$1.12M |
|
|
DQ
1617
Daqo New Energy
DQ
$917M
| $13.5M | ﹤0.01% |
499,035
+301,300
| +152% | +$6.7M |
|
1618
Kite Realty
KRG
$5.35B
| $13.5M | ﹤0.01% |
1,165,326
-46,722
| -4% | -$514K |
|
1619
Cerence
CRNC
$408M
| $13.5M | ﹤0.01% |
275,917
-130,564
| -32% | -$6.27M |
|
1620
Bloom Energy
BE
$67.4B
| $13.5M | ﹤0.01% |
+750,000
| New | +$11.2M |
|
1621
Northwest Bancshares
NWBI
$2.29B
| $13.5M | ﹤0.01% |
1,464,640
+106,139
| +8% | +$1.05M |
|
1622
Schrodinger
SDGR
$1.33B
| $13.4M | ﹤0.01% |
282,666
+115,513
| +69% | +$7.94M |
|
1623
Empire State Realty Trust
ESRT
$843M
| $13.4M | ﹤0.01% |
2,193,994
| – | – |
|
1624
Diamondback Energy
FANG
$53.1B
| $13.4M | ﹤0.01% |
444,980
-547,648
| -55% | -$20.9M |
|
|
WW
1625
DELISTED
WW International
WW
| $13.2M | ﹤0.01% |
700,545
-19,288
| -3% | -$454K |
|
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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.