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 |
Alibaba
BABA
|
+$713M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$532M |
| 3 |
AvalonBay Communities
AVB
|
+$338M |
| 4 |
Essex Property Trust
ESS
|
+$322M |
| 5 |
Equity Residential
EQR
|
+$295M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$783M |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
+$286M |
| 3 |
Morgan Stanley
MS
|
+$196M |
| 4 |
Bank of America
BAC
|
+$170M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1701
Scorpio Tankers
STNG
$3.89B
| $13.8M | ﹤0.01% |
350,410
-15,745
| -4% | -$539K |
|
1702
Standex International
SXI
$3.78B
| $13.7M | ﹤0.01% |
173,251
| – | – |
|
|
DO
1703
DELISTED
Diamond Offshore Drilling
DO
| $13.7M | ﹤0.01% |
1,910,667
| – | – |
|
|
AZUL
1704
DELISTED
Azul
AZUL
| $13.7M | ﹤0.01% |
320,189
-532,833
| -62% | -$20.5M |
|
1705
Towne Bank
TOWN
$3.48B
| $13.7M | ﹤0.01% |
492,221
| – | – |
|
1706
Republic Bancorp
RBCAA
$1.95B
| $13.7M | ﹤0.01% |
292,340
-20,500
| -7% | -$927K |
|
1707
BJ's Restaurants
BJRI
$1.44B
| $13.7M | ﹤0.01% |
360,386
-18,454
| -5% | -$708K |
|
|
PVG
1708
DELISTED
PRETIUM RESOURCES INC.
PVG
| $13.7M | ﹤0.01% |
1,227,229
+549,564
| +81% | +$5.84M |
|
1709
Green Dot
GDOT
$754M
| $13.6M | ﹤0.01% |
582,756
| – | – |
|
|
ARR
1710
Armour Residential REIT
ARR
$2.31B
| $13.5M | ﹤0.01% |
151,187
| – | – |
|
1711
LendingTree
TREE
$448M
| $13.4M | ﹤0.01% |
44,088
| – | – |
|
1712
Aaon
AAON
$7.58B
| $13.4M | ﹤0.01% |
405,698
+10,775
| +3% | +$349K |
|
|
HTO
1713
H2O America
HTO
$2.56B
| $13.4M | ﹤0.01% |
187,916
-21,192
| -10% | -$1.5M |
|
|
AKS
1714
DELISTED
AK Steel Holding Corp
AKS
| $13.3M | ﹤0.01% |
4,051,904
+735,936
| +22% | +$2.04M |
|
|
LGF.A
1715
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $13.3M | ﹤0.01% |
1,245,570
| – | – |
|
1716
Antero Resources
AR
$11.2B
| $13.3M | ﹤0.01% |
4,654,737
| – | – |
|
1717
Capitol Federal Financial
CFFN
$1.12B
| $13.2M | ﹤0.01% |
958,883
+19,332
| +2% | +$272K |
|
|
TDAY
1718
USA Today Co
TDAY
$1.32B
| $13.1M | ﹤0.01% |
2,056,224
+1,136,050
| +123% | +$8.33M |
|
1719
Enanta Pharmaceuticals
ENTA
$377M
| $13M | ﹤0.01% |
211,132
| – | – |
|
|
POLY
1720
DELISTED
Plantronics, Inc.
POLY
| $12.9M | ﹤0.01% |
472,438
-198,631
| -30% | -$5.98M |
|
|
FSP
1721
Franklin Street Properties
FSP
$48.1M
| $12.9M | ﹤0.01% |
1,506,720
| – | – |
|
|
TEN
1722
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $12.9M | ﹤0.01% |
984,583
-54,618
| -5% | -$716K |
|
1723
LivePerson
LPSN
$22.1M
| $12.9M | ﹤0.01% |
23,189
+8,370
| +56% | +$4.8M |
|
1724
Grupo Aval
AVAL
$6.22B
| $12.8M | ﹤0.01% |
1,470,858
-508,300
| -26% | -$4.1M |
|
|
MTSC
1725
DELISTED
MTS Systems Corp
MTSC
| $12.8M | ﹤0.01% |
266,756
| – | – |
|
Similar funds
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.