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 | |
|---|---|---|---|---|---|---|
1726
SFL Corp
SFL
$1.58B
| $7.24M | ﹤0.01% |
764,469
+21,385
| +3% | +$265K |
|
1727
Gray Television
GTN
$441M
| $7.19M | ﹤0.01% |
669,241
+396,513
| +145% | +$7.17M |
|
1728
Encore Capital Group
ECPG
$1.99B
| $7.18M | ﹤0.01% |
307,146
| – | – |
|
1729
BGC Group
BGC
$5.18B
| $7.14M | ﹤0.01% |
2,834,752
+54,704
| +2% | +$267K |
|
1730
Brinker International
EAT
$9.69B
| $7.14M | ﹤0.01% |
594,630
+45,672
| +8% | +$1.54M |
|
|
AIMT
1731
DELISTED
Aimmune Therapeutics
AIMT
| $7.12M | ﹤0.01% |
493,939
| – | – |
|
|
AQUA
1732
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $7.1M | ﹤0.01% |
633,396
+300,000
| +90% | +$5.65M |
|
1733
Zoom
ZM
$29.5B
| $7.09M | ﹤0.01% |
+48,536
| New | +$4.79M |
|
|
GCP
1734
DELISTED
GCP Applied Technologies Inc.
GCP
| $7.06M | ﹤0.01% |
396,592
-25,458
| -6% | -$539K |
|
1735
Penske Automotive Group
PAG
$14.2B
| $7.04M | ﹤0.01% |
251,285
| – | – |
|
|
TBI
1736
Trueblue
TBI
$301M
| $7.04M | ﹤0.01% |
551,330
-339,777
| -38% | -$6.08M |
|
1737
Coeur Mining
CDE
$18B
| $7.01M | ﹤0.01% |
2,184,767
| – | – |
|
1738
Andersons Inc
ANDE
$2.37B
| $7.01M | ﹤0.01% |
373,877
+16,393
| +5% | +$346K |
|
1739
3D Systems Corp
DDD
$593M
| $7M | ﹤0.01% |
908,416
+413,215
| +83% | +$4.03M |
|
1740
Akebia Therapeutics
AKBA
$346M
| $6.97M | ﹤0.01% |
920,031
| – | – |
|
1741
B&G Foods
BGS
$286M
| $6.94M | ﹤0.01% |
383,577
-67,758
| -15% | -$1.06M |
|
1742
CRISPR Therapeutics
CRSP
$5.07B
| $6.9M | ﹤0.01% |
162,717
+142,557
| +707% | +$7.36M |
|
1743
Tenable Holdings
TENB
$3.97B
| $6.8M | ﹤0.01% |
310,952
+176,172
| +131% | +$4.36M |
|
1744
St. Joe Company
JOE
$3.7B
| $6.78M | ﹤0.01% |
404,293
| – | – |
|
1745
Washington Trust Bancorp
WASH
$753M
| $6.78M | ﹤0.01% |
185,551
| – | – |
|
1746
Radware
RDWR
$1.2B
| $6.76M | ﹤0.01% |
320,996
| – | – |
|
|
SWN
1747
DELISTED
Southwestern Energy Company
SWN
| $6.75M | ﹤0.01% |
3,991,996
-4,795,721
| -55% | -$8.32M |
|
1748
Standex International
SXI
$3.95B
| $6.72M | ﹤0.01% |
137,109
-36,142
| -21% | -$2.37M |
|
1749
Scorpio Tankers
STNG
$3.71B
| $6.7M | ﹤0.01% |
350,409
-1
| -0% | -$24 |
|
1750
Phathom Pharmaceuticals
PHAT
$666M
| $6.7M | ﹤0.01% |
259,343
-57,957
| -18% | -$1.94M |
|
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.