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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+10.03%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$358B
AUM Growth
+$31.8B
Cap. Flow
+$2.34B
Cap. Flow %
0.65%
Top 10 Hldgs %
18.5%
Holding
2,137
New
45
Increased
503
Reduced
473
Closed
63

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$713M
2
BMY icon
Bristol-Myers Squibb
BMY
+$532M
3
AVB icon
AvalonBay Communities
AVB
+$338M
4
ESS icon
Essex Property Trust
ESS
+$322M
5
EQR icon
Equity Residential
EQR
+$295M

Top Sells

Rank Stock Value
1
CELG
Celgene Corp
CELG
+$783M
2
STI
SunTrust Banks, Inc.
STI
+$286M
3
MS icon
Morgan Stanley
MS
+$196M
4
BAC icon
Bank of America
BAC
+$170M
5
AMP icon
Ameriprise Financial
AMP
+$166M

Sector Composition

Rank Sector Weight
1 Technology 19.16%
2 Financials 16.45%
3 Healthcare 13.43%
4 Consumer Discretionary 11.44%
5 Communication Services 9.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HOLI
1651
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$15.7M ﹤0.01%
956,787
– –
CSII
1652
DELISTED
Cardiovascular Systems, Inc.
CSII
$15.7M ﹤0.01%
323,110
– –
CENTA icon
1653
Central Garden & Pet Co Class A
CENTA
$2.43B
$15.7M ﹤0.01%
667,884
– –
MRC
1654
DELISTED
MRC Global
MRC
$15.7M ﹤0.01%
1,148,098
– –
SM icon
1655
SM Energy
SM
$7.6B
$15.7M ﹤0.01%
1,392,630
– –
HL icon
1656
Hecla Mining
HL
$9.49B
$15.6M ﹤0.01%
4,614,456
+1,755,177
+61% +$4.3M
OEC icon
1657
Orion
OEC
$403M
$15.6M ﹤0.01%
810,309
– –
HRI icon
1658
Herc Holdings
HRI
$4.78B
$15.6M ﹤0.01%
318,963
– –
BMY.RT
1659
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
$15.5M ﹤0.01%
+5,156,121
New +$13.4M
CPA icon
1660
Copa Holdings
CPA
$5.56B
$15.5M ﹤0.01%
143,469
– –
SPNS
1661
DELISTED
Sapiens International
SPNS
$15.5M ﹤0.01%
198,688
+13,025
+7% +$282K
TCDA
1662
DELISTED
Tricida, Inc. Common Stock
TCDA
$15.5M ﹤0.01%
409,804
+302,246
+281% +$11.3M
HOUS
1663
DELISTED
Anywhere Real Estate
HOUS
$15.4M ﹤0.01%
1,594,936
– –
QEP
1664
DELISTED
QEP RESOURCES, INC.
QEP
$15.4M ﹤0.01%
3,415,528
– –
RGNX icon
1665
Regenxbio
RGNX
$616M
$15.3M ﹤0.01%
372,310
– –
MED icon
1666
Medifast
MED
$107M
$15.2M ﹤0.01%
138,958
+28,111
+25% +$2.72M
BRKL
1667
DELISTED
Brookline Bancorp
BRKL
$15.2M ﹤0.01%
924,888
– –
PLAY icon
1668
Dave & Buster's
PLAY
$357M
$15.2M ﹤0.01%
377,694
-54,455
-13% -$2.18M
PTLA
1669
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
$15.1M ﹤0.01%
633,416
+38,828
+7% +$1.07M
FTCH
1670
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
$15.1M ﹤0.01%
1,459,368
+662,733
+83% +$5.95M
MIME
1671
DELISTED
Mimecast Limited
MIME
$15.1M ﹤0.01%
347,442
– –
TIVO
1672
DELISTED
Tivo Inc
TIVO
$15M ﹤0.01%
1,774,269
– –
ENPH icon
1673
Enphase Energy
ENPH
$4.63B
$15M ﹤0.01%
573,134
-82,572
-13% -$1.88M
CLS icon
1674
Celestica
CLS
$37.8B
$15M ﹤0.01%
1,803,221
– –
IBP icon
1675
Installed Building Products
IBP
$6.21B
$15M ﹤0.01%
217,121
– –
65 66
67
68 69

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Norges Bank's Q4 2019 Portfolio in Review

As of Q4 2019, Norges Bank held 2,137 positions worth $358B, up 9.8% from $327B the previous quarter. Its ten largest holdings account for 19% of the portfolio.

Norges Bank's Q4 2019 filing shows 45 new, 503 increased, 473 reduced and 63 closed positions. Its largest new stake was Walmart Inc: 4,711,437 shares worth $187M. The largest sale was Celgene Corp, an estimated $783M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • Norges Bank's largest Q4 2019 buy was Walmart Inc: 4,711,437 shares worth $187M.
  • Norges Bank added most to Alibaba in Q4 2019, an estimated $713M increase.
  • Norges Bank's biggest Q4 2019 reduction was Morgan Stanley, cutting an estimated $196M.
  • Norges Bank fully exited Celgene Corp in Q4 2019, selling an estimated $783M.
  • Norges Bank's ten largest holdings make up 19% of its $358B portfolio in Q4 2019.
  • Norges Bank opened 45 new positions and closed 63 in Q4 2019.
  • Norges Bank's portfolio value rose 9.8% quarter-over-quarter to $358B.

Based on Norges Bank's 13F filing for Q4 2019, filed 12 Feb 2020.