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 | |
|---|---|---|---|---|---|---|
1751
CTS Corp
CTS
$1.83B
| $8.74M | ﹤0.01% |
436,095
-33,540
| -7% | -$718K |
|
1752
Cerus
CERS
$433M
| $8.72M | ﹤0.01% |
1,320,649
+77,054
| +6% | +$442K |
|
1753
The RealReal
REAL
$1.46B
| $8.7M | ﹤0.01% |
679,812
-1,085,272
| -61% | -$12.9M |
|
|
SPWR
1754
DELISTED
SunPower Corporation Common Stock
SPWR
| $8.7M | ﹤0.01% |
1,733,371
+66,583
| +4% | +$304K |
|
|
TBI
1755
Trueblue
TBI
$215M
| $8.67M | ﹤0.01% |
567,864
+16,534
| +3% | +$246K |
|
|
POLY
1756
DELISTED
Plantronics, Inc.
POLY
| $8.64M | ﹤0.01% |
588,447
| – | – |
|
1757
Axcelis
ACLS
$4.01B
| $8.61M | ﹤0.01% |
309,049
| – | – |
|
1758
Range Resources
RRC
$9.38B
| $8.59M | ﹤0.01% |
1,526,174
-672,933
| -31% | -$3.73M |
|
1759
Vodafone
VOD
$36.3B
| $8.55M | ﹤0.01% |
+536,579
| New | +$8.1M |
|
1760
Phathom Pharmaceuticals
PHAT
$708M
| $8.54M | ﹤0.01% |
259,343
| – | – |
|
|
DCOM
1761
DELISTED
Dime Community Bancshares
DCOM
| $8.53M | ﹤0.01% |
621,564
-73,016
| -11% | -$1.06M |
|
1762
Designer Brands
DBI
$307M
| $8.49M | ﹤0.01% |
1,254,433
-211,418
| -14% | -$1.28M |
|
1763
Lindsay Corp
LNN
$1.13B
| $8.48M | ﹤0.01% |
91,933
+4,910
| +6% | +$450K |
|
1764
SelectQuote
SLQT
$132M
| $8.44M | ﹤0.01% |
+333,333
| New | +$8.95M |
|
1765
Brookdale Senior Living
BKD
$3.49B
| $8.43M | ﹤0.01% |
2,856,682
-92,973
| -3% | -$301K |
|
1766
3D Systems Corp
DDD
$431M
| $8.35M | ﹤0.01% |
1,194,662
+286,246
| +32% | +$2.14M |
|
|
RPT
1767
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $8.31M | ﹤0.01% |
1,194,255
-47,801
| -4% | -$304K |
|
1768
Enanta Pharmaceuticals
ENTA
$366M
| $8.29M | ﹤0.01% |
165,085
-46,047
| -22% | -$2.38M |
|
|
TRQ
1769
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $8.27M | ﹤0.01% |
1,122,863
| – | – |
|
1770
Myriad Genetics
MYGN
$270M
| $8.22M | ﹤0.01% |
724,583
-154,894
| -18% | -$2.2M |
|
1771
Plug Power
PLUG
$2.87B
| $8.21M | ﹤0.01% |
+1,000,000
| New | +$4.68M |
|
1772
AppFolio
APPF
$6.38B
| $8.19M | ﹤0.01% |
50,349
| – | – |
|
|
SAVE
1773
DELISTED
Spirit Airlines, Inc.
SAVE
| $8.18M | ﹤0.01% |
459,252
+150,000
| +49% | +$2.14M |
|
|
MDP
1774
DELISTED
Meredith Corporation
MDP
| $8.06M | ﹤0.01% |
553,763
+112,481
| +25% | +$1.64M |
|
|
BPFH
1775
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $8.06M | ﹤0.01% |
1,170,942
+149,813
| +15% | +$1.05M |
|
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.