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
|
+$518M |
| 2 |
Zoom
ZM
|
+$517M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$376M |
| 4 |
Match Group
MTCH
|
+$249M |
| 5 |
CrowdStrike
CRWD
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$658M |
| 2 |
Linde
LIN
|
+$320M |
| 3 |
Bank of America
BAC
|
+$307M |
| 4 |
PPLI
People Inc
PPLI
|
+$300M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$252M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.61% |
| 2 | Consumer Discretionary | 14.53% |
| 3 | Healthcare | 13.24% |
| 4 | Financials | 12.9% |
| 5 | Communication Services | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
Interparfums
IPAR
$3.87B
| $9.61M | ﹤0.01% |
257,284
+27,400
| +12% | +$1.18M |
|
1727
CTS Corp
CTS
$1.9B
| $9.61M | ﹤0.01% |
436,095
| – | – |
|
1728
Scholastic
SCHL
$758M
| $9.58M | ﹤0.01% |
456,212
-47,913
| -10% | -$1.17M |
|
1729
Phathom Pharmaceuticals
PHAT
$674M
| $9.51M | ﹤0.01% |
259,343
| – | – |
|
1730
TIM SA
TIMB
$8.88B
| $9.49M | ﹤0.01% |
822,696
| – | – |
|
|
SFBS
1731
ServisFirst Bancshares
SFBS
$4.87B
| $9.43M | ﹤0.01% |
277,069
+30,211
| +12% | +$1.08M |
|
|
CSOD
1732
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $9.4M | ﹤0.01% |
258,473
-451,833
| -64% | -$16.3M |
|
1733
S&T Bancorp
STBA
$1.83B
| $9.32M | ﹤0.01% |
526,722
-27,019
| -5% | -$562K |
|
|
UHT
1734
Universal Health Realty Income Trust
UHT
$587M
| $9.31M | ﹤0.01% |
163,385
-12,710
| -7% | -$858K |
|
1735
Dine Brands
DIN
$447M
| $9.3M | ﹤0.01% |
170,433
-49,227
| -22% | -$2.49M |
|
1736
First Commonwealth Financial
FCF
$2.18B
| $9.28M | ﹤0.01% |
1,199,299
-34,246
| -3% | -$272K |
|
|
INVX
1737
Innovex International
INVX
$2.16B
| $9.17M | ﹤0.01% |
370,508
-38,958
| -10% | -$1.24M |
|
|
RAVN
1738
DELISTED
Raven Industries Inc
RAVN
| $9.14M | ﹤0.01% |
424,597
-55,685
| -12% | -$1.29M |
|
1739
EQT Corp
EQT
$32.3B
| $9.12M | ﹤0.01% |
704,975
-684,768
| -49% | -$10M |
|
1740
Regenxbio
RGNX
$708M
| $9.05M | ﹤0.01% |
328,865
-26,513
| -7% | -$864K |
|
|
ITCI
1741
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $9M | ﹤0.01% |
350,623
-266,612
| -43% | -$6.08M |
|
1742
National Beverage
FIZZ
$2.98B
| $8.98M | ﹤0.01% |
264,076
+36,692
| +16% | +$1.28M |
|
|
TRST
1743
Trustco Bank Corp NY
TRST
$967M
| $8.97M | ﹤0.01% |
343,815
-18,260
| -5% | -$533K |
|
1744
Stratasys
SSYS
$760M
| $8.97M | ﹤0.01% |
719,052
| – | – |
|
1745
Astec Industries
ASTE
$1.04B
| $8.93M | ﹤0.01% |
164,569
-132,732
| -45% | -$6.64M |
|
|
CATM
1746
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $8.93M | ﹤0.01% |
450,899
-30,879
| -6% | -$674K |
|
1747
SiriusPoint
SPNT
$2.75B
| $8.92M | ﹤0.01% |
1,283,461
-153,512
| -11% | -$1.24M |
|
1748
NBT Bancorp
NBTB
$2.74B
| $8.91M | ﹤0.01% |
332,235
-9,144
| -3% | -$271K |
|
1749
Standex International
SXI
$4.06B
| $8.89M | ﹤0.01% |
150,225
+13,116
| +10% | +$754K |
|
1750
Weis Markets
WMK
$1.88B
| $8.89M | ﹤0.01% |
185,246
-13,829
| -7% | -$681K |
|
Similar funds
Norges Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Norges Bank held 2,199 positions worth $376B, up 8.4% from $347B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q3 2020 filing shows 123 new, 615 increased, 1,177 reduced and 71 closed positions. Its largest new stake was Match Group: 2,348,708 shares worth $260M. The largest sale was Apple, an estimated $658M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Norges Bank's largest Q3 2020 buy was Match Group: 2,348,708 shares worth $260M.
- Norges Bank added most to Walmart Inc in Q3 2020, an estimated $518M increase.
- Norges Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $658M.
- Norges Bank fully exited Tech Data Corp in Q3 2020, selling an estimated $66.6M.
- Norges Bank's ten largest holdings make up 23% of its $376B portfolio in Q3 2020.
- Norges Bank opened 123 new positions and closed 71 in Q3 2020.
- Norges Bank's portfolio value rose 8.4% quarter-over-quarter to $376B.
Based on Norges Bank's 13F filing for Q3 2020, filed 10 Nov 2020.