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 | |
|---|---|---|---|---|---|---|
1701
TIM SA
TIMB
$8.85B
| $10.6M | ﹤0.01% |
822,696
| – | – |
|
|
EGRX
1702
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $10.5M | ﹤0.01% |
218,937
-4,800
| -2% | -$239K |
|
1703
BancFirst
BANF
$3.81B
| $10.5M | ﹤0.01% |
258,855
| – | – |
|
1704
BGC Group
BGC
$4.97B
| $10.5M | ﹤0.01% |
3,832,461
+997,709
| +35% | +$2.76M |
|
1705
NBT Bancorp
NBTB
$2.75B
| $10.5M | ﹤0.01% |
341,379
+31,437
| +10% | +$979K |
|
|
LNW
1706
DELISTED
Light & Wonder
LNW
| $10.5M | ﹤0.01% |
678,547
+265,186
| +64% | +$3.46M |
|
|
ATCO
1707
DELISTED
Atlas Corp.
ATCO
| $10.5M | ﹤0.01% |
1,377,903
-240,177
| -15% | -$1.75M |
|
|
NTUS
1708
DELISTED
Natus Medical Inc
NTUS
| $10.5M | ﹤0.01% |
479,029
+38,504
| +9% | +$881K |
|
1709
Scansource
SCSC
$1.16B
| $10.3M | ﹤0.01% |
429,657
| – | – |
|
1710
Abercrombie & Fitch
ANF
$4.91B
| $10.3M | ﹤0.01% |
972,517
-43,630
| -4% | -$476K |
|
|
CLR
1711
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $10.3M | ﹤0.01% |
589,988
-377,928
| -39% | -$5.31M |
|
|
RAVN
1712
DELISTED
Raven Industries Inc
RAVN
| $10.3M | ﹤0.01% |
480,282
-278,832
| -37% | -$5.89M |
|
1713
First Commonwealth Financial
FCF
$2.17B
| $10.2M | ﹤0.01% |
1,233,545
| – | – |
|
1714
United Parks & Resorts
PRKS
$2.09B
| $10.2M | ﹤0.01% |
689,585
-8,416
| -1% | -$124K |
|
|
MIK
1715
DELISTED
Michaels Stores, Inc
MIK
| $10.2M | ﹤0.01% |
1,436,103
-250,000
| -15% | -$981K |
|
1716
Herc Holdings
HRI
$5.62B
| $10.1M | ﹤0.01% |
330,172
+11,209
| +4% | +$287K |
|
1717
Antero Midstream
AM
$10.2B
| $10.1M | ﹤0.01% |
1,987,702
-301,659
| -13% | -$1.34M |
|
|
RWT
1718
Redwood Trust
RWT
$573M
| $10.1M | ﹤0.01% |
1,447,361
-22,244
| -2% | -$110K |
|
1719
Virtus Investment Partners
VRTS
$1.09B
| $10.1M | ﹤0.01% |
86,445
+3,744
| +5% | +$350K |
|
|
LGF.A
1720
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $10M | ﹤0.01% |
1,353,391
+107,821
| +9% | +$799K |
|
|
DMC
1721
Del Monte Corp
DMC
$1.41B
| $10M | ﹤0.01% |
406,836
| – | – |
|
1722
Weis Markets
WMK
$1.89B
| $9.98M | ﹤0.01% |
199,075
| – | – |
|
|
ONEM
1723
DELISTED
1Life Healthcare
ONEM
| $9.92M | ﹤0.01% |
273,115
+223,115
| +446% | +$6.28M |
|
|
SAFE
1724
Safehold
SAFE
$1.13B
| $9.8M | ﹤0.01% |
163,345
+17,791
| +12% | +$896K |
|
1725
1st Source
SRCE
$2.15B
| $9.74M | ﹤0.01% |
273,701
| – | – |
|
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.