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 | |
|---|---|---|---|---|---|---|
|
PRA
1651
DELISTED
ProAssurance
PRA
| $12.4M | ﹤0.01% |
859,932
+62,000
| +8% | +$1.06M |
|
1652
Acco Brands
ACCO
$389M
| $12.4M | ﹤0.01% |
1,747,658
-139,470
| -7% | -$867K |
|
1653
AZZ Inc
AZZ
$4.35B
| $12.4M | ﹤0.01% |
360,837
+15,667
| +5% | +$479K |
|
|
ALEX
1654
DELISTED
Alexander & Baldwin
ALEX
| $12.4M | ﹤0.01% |
1,014,794
| – | – |
|
1655
DNOW Inc
DNOW
$2.58B
| $12.3M | ﹤0.01% |
1,427,381
+318,733
| +29% | +$2.19M |
|
1656
CNX Resources
CNX
$5.3B
| $12.3M | ﹤0.01% |
1,419,568
-292,306
| -17% | -$2.94M |
|
1657
Allegiant Air
ALGT
$2.64B
| $12.3M | ﹤0.01% |
112,282
+56,036
| +100% | +$5.12M |
|
1658
Oxford Industries
OXM
$566M
| $12.2M | ﹤0.01% |
277,518
| – | – |
|
|
INVX
1659
Innovex International
INVX
$1.96B
| $12.2M | ﹤0.01% |
409,466
+30,703
| +8% | +$944K |
|
|
NP
1660
DELISTED
Neenah, Inc. Common Stock
NP
| $12.1M | ﹤0.01% |
243,706
| – | – |
|
|
VRTU
1661
DELISTED
Virtusa Corporation
VRTU
| $12M | ﹤0.01% |
371,002
| – | – |
|
1662
Ambarella
AMBA
$3.77B
| $12M | ﹤0.01% |
262,536
+19,035
| +8% | +$981K |
|
1663
Constellium
CSTM
$3.76B
| $12M | ﹤0.01% |
1,562,588
| – | – |
|
1664
Weibo
WB
$2B
| $12M | ﹤0.01% |
356,846
+91,368
| +34% | +$3.14M |
|
|
HEES
1665
DELISTED
H&E Equipment Services
HEES
| $12M | ﹤0.01% |
648,126
-16,567
| -2% | -$264K |
|
|
ICPT
1666
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $11.9M | ﹤0.01% |
248,708
-71,508
| -22% | -$5.52M |
|
1667
Celestica
CLS
$38.1B
| $11.9M | ﹤0.01% |
1,731,502
-71,719
| -4% | -$410K |
|
1668
Heartland Express
HTLD
$948M
| $11.8M | ﹤0.01% |
568,668
+30,024
| +6% | +$603K |
|
|
CSR
1669
Centerspace
CSR
$921M
| $11.8M | ﹤0.01% |
167,734
-4,448
| -3% | -$284K |
|
1670
Gossamer Bio
GOSS
$82.9M
| $11.8M | ﹤0.01% |
906,000
+436,000
| +93% | +$5.48M |
|
|
DCH
1671
Dauch Corp
DCH
$1.34B
| $11.8M | ﹤0.01% |
1,548,765
-49,646
| -3% | -$287K |
|
|
BPYU
1672
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $11.8M | ﹤0.01% |
1,180,219
| – | – |
|
1673
Kelly Services Class A
KELYA
$514M
| $11.7M | ﹤0.01% |
742,289
| – | – |
|
1674
CVR Energy
CVI
$3.58B
| $11.7M | ﹤0.01% |
582,898
+86,102
| +17% | +$1.74M |
|
1675
Core Laboratories
CLB
$488M
| $11.7M | ﹤0.01% |
573,902
+135,986
| +31% | +$2.44M |
|
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.