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 | |
|---|---|---|---|---|---|---|
1676
News Corp Class B
NWS
$16.9B
| $11.6M | ﹤0.01% |
972,689
-210,300
| -18% | -$2.28M |
|
1677
AMC Global Media
AMCX
$492M
| $11.6M | ﹤0.01% |
496,339
-116,724
| -19% | -$3.06M |
|
1678
Coeur Mining
CDE
$15.4B
| $11.6M | ﹤0.01% |
2,284,146
+99,379
| +5% | +$452K |
|
|
KNL
1679
DELISTED
Knoll, Inc.
KNL
| $11.6M | ﹤0.01% |
949,519
-87,731
| -8% | -$966K |
|
|
MDRX
1680
DELISTED
Veradigm Inc. Common Stock
MDRX
| $11.6M | ﹤0.01% |
1,709,529
| – | – |
|
|
CATM
1681
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $11.6M | ﹤0.01% |
481,778
+22,887
| +5% | +$512K |
|
1682
Varex Imaging
VREX
$472M
| $11.5M | ﹤0.01% |
756,988
+121,767
| +19% | +$2.46M |
|
|
TRST
1683
Trustco Bank Corp NY
TRST
$970M
| $11.5M | ﹤0.01% |
362,075
-35,057
| -9% | -$1.04M |
|
|
TCDA
1684
DELISTED
Tricida, Inc. Common Stock
TCDA
| $11.4M | ﹤0.01% |
416,460
+6,656
| +2% | +$181K |
|
1685
Stratasys
SSYS
$679M
| $11.4M | ﹤0.01% |
719,052
+129,785
| +22% | +$2.2M |
|
1686
BILL Holdings
BILL
$4.49B
| $11.4M | ﹤0.01% |
126,198
+103,471
| +455% | +$6.66M |
|
|
TBIO
1687
DELISTED
Translate Bio, Inc. Common Stock
TBIO
| $11.4M | ﹤0.01% |
633,663
+492,863
| +350% | +$7.43M |
|
|
LADR
1688
Ladder Capital
LADR
$1.21B
| $11.3M | ﹤0.01% |
1,395,291
+58,004
| +4% | +$435K |
|
|
MFGP
1689
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $11.3M | ﹤0.01% |
2,062,499
-51,000
| -2% | -$279K |
|
1690
SFL Corp
SFL
$1.64B
| $11.3M | ﹤0.01% |
1,211,548
+447,079
| +58% | +$4.47M |
|
1691
Community Trust Bancorp
CTBI
$1.42B
| $11.2M | ﹤0.01% |
340,669
| – | – |
|
1692
City Holding Co
CHCO
$2.05B
| $11.1M | ﹤0.01% |
170,800
+20,262
| +13% | +$1.28M |
|
1693
The Greenbrier Companies
GBX
$1.52B
| $11.1M | ﹤0.01% |
487,020
| – | – |
|
1694
Interparfums
IPAR
$3.99B
| $11.1M | ﹤0.01% |
229,884
| – | – |
|
1695
Gaotu Techedu
GOTU
$434M
| $10.9M | ﹤0.01% |
182,435
-277,543
| -60% | -$11M |
|
1696
Marcus & Millichap
MMI
$1.16B
| $10.9M | ﹤0.01% |
378,781
| – | – |
|
1697
SiriusPoint
SPNT
$2.75B
| $10.8M | ﹤0.01% |
1,436,973
-131,062
| -8% | -$990K |
|
|
TARO
1698
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $10.8M | ﹤0.01% |
161,747
-24,681
| -13% | -$1.66M |
|
1699
Westamerica Bancorp
WABC
$1.38B
| $10.7M | ﹤0.01% |
185,615
+110,813
| +148% | +$6.45M |
|
1700
Orthofix Medical
OFIX
$477M
| $10.7M | ﹤0.01% |
332,972
-9,151
| -3% | -$304K |
|
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.