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 | |
|---|---|---|---|---|---|---|
1676
The Greenbrier Companies
GBX
$1.53B
| $8.64M | ﹤0.01% |
487,020
| – | – |
|
1677
BancFirst
BANF
$3.83B
| $8.64M | ﹤0.01% |
258,855
| – | – |
|
|
FSP
1678
Franklin Street Properties
FSP
$48.4M
| $8.63M | ﹤0.01% |
1,506,720
| – | – |
|
|
ALX
1679
Alexander's
ALX
$1.4B
| $8.61M | ﹤0.01% |
31,205
-1,607
| -5% | -$504K |
|
1680
Interface
TILE
$2.04B
| $8.6M | ﹤0.01% |
1,137,440
-73,679
| -6% | -$1.03M |
|
1681
Cheesecake Factory
CAKE
$5.31B
| $8.57M | ﹤0.01% |
501,898
| – | – |
|
|
SNBR
1682
DELISTED
Sleep Number
SNBR
| $8.56M | ﹤0.01% |
446,873
-8,572
| -2% | -$382K |
|
1683
Atara Biotherapeutics
ATRA
$74.9M
| $8.54M | ﹤0.01% |
40,150
| – | – |
|
|
BMY.RT
1684
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
| $8.45M | ﹤0.01% |
2,223,201
-2,932,920
| -57% | -$9.66M |
|
1685
Hecla Mining
HL
$11B
| $8.4M | ﹤0.01% |
4,614,456
| – | – |
|
1686
Ovintiv
OVV
$16.4B
| $8.33M | ﹤0.01% |
2,615,589
-88,525
| -3% | -$1.16M |
|
|
BBT
1687
Beacon Financial Corp
BBT
$2.67B
| $8.31M | ﹤0.01% |
559,360
| – | – |
|
1688
Weis Markets
WMK
$1.86B
| $8.29M | ﹤0.01% |
199,075
-15,723
| -7% | -$601K |
|
1689
Macerich
MAC
$7.07B
| $8.28M | ﹤0.01% |
1,469,735
-48,937
| -3% | -$974K |
|
1690
Patrick Industries
PATK
$2.88B
| $8.23M | ﹤0.01% |
438,600
-21,726
| -5% | -$692K |
|
|
ALLK
1691
DELISTED
Allakos
ALLK
| $8.22M | ﹤0.01% |
+184,770
| New | +$12.6M |
|
1692
CVR Energy
CVI
$3.15B
| $8.21M | ﹤0.01% |
496,796
+36,901
| +8% | +$1.11M |
|
1693
Archrock
AROC
$5.83B
| $8.14M | ﹤0.01% |
2,165,946
| – | – |
|
1694
Constellium
CSTM
$3.98B
| $8.14M | ﹤0.01% |
1,562,588
| – | – |
|
|
PRSU
1695
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $8.14M | ﹤0.01% |
383,260
-12,406
| -3% | -$639K |
|
1696
ePlus
PLUS
$2.38B
| $8.11M | ﹤0.01% |
258,940
| – | – |
|
1697
LendingTree
TREE
$471M
| $8.09M | ﹤0.01% |
44,088
| – | – |
|
|
PVG
1698
DELISTED
PRETIUM RESOURCES INC.
PVG
| $8.03M | ﹤0.01% |
1,405,761
+178,532
| +15% | +$1.53M |
|
1699
JELD-WEN Holding
JELD
$161M
| $8M | ﹤0.01% |
821,695
-46,120
| -5% | -$920K |
|
|
AVTA
1700
DELISTED
Avantax, Inc. Common Stock
AVTA
| $7.97M | ﹤0.01% |
661,749
| – | – |
|
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.