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 | |
|---|---|---|---|---|---|---|
|
XEC
1751
DELISTED
CIMAREX ENERGY CO
XEC
| $8.88M | ﹤0.01% |
364,941
-336,234
| -48% | -$8.85M |
|
1752
Delek US
DK
$3.64B
| $8.88M | ﹤0.01% |
797,486
-98,844
| -11% | -$1.52M |
|
|
SOGO
1753
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $8.76M | ﹤0.01% |
985,484
| – | – |
|
1754
Core Laboratories
CLB
$518M
| $8.76M | ﹤0.01% |
573,902
| – | – |
|
1755
Community Trust Bancorp
CTBI
$1.43B
| $8.74M | ﹤0.01% |
309,409
-31,260
| -9% | -$982K |
|
1756
Buckle
BKE
$2.39B
| $8.74M | ﹤0.01% |
428,680
-55,762
| -12% | -$1.01M |
|
|
ECOL
1757
DELISTED
US Ecology, Inc.
ECOL
| $8.71M | ﹤0.01% |
266,680
-2,839
| -1% | -$99.3K |
|
|
DCH
1758
Dauch Corp
DCH
$1.39B
| $8.64M | ﹤0.01% |
1,497,697
-51,068
| -3% | -$365K |
|
1759
Acco Brands
ACCO
$404M
| $8.64M | ﹤0.01% |
1,489,638
-258,020
| -15% | -$1.69M |
|
1760
Myriad Genetics
MYGN
$293M
| $8.57M | ﹤0.01% |
657,358
-67,225
| -9% | -$851K |
|
|
PE
1761
DELISTED
PARSLEY ENERGY INC
PE
| $8.56M | ﹤0.01% |
914,928
-1,126,657
| -55% | -$12M |
|
1762
Innoviva
INVA
$1.59B
| $8.53M | ﹤0.01% |
816,168
-353,587
| -30% | -$4.49M |
|
1763
CF Industries
CF
$17.8B
| $8.51M | ﹤0.01% |
277,041
-1,556,816
| -85% | -$49.6M |
|
1764
Orthofix Medical
OFIX
$427M
| $8.5M | ﹤0.01% |
273,007
-59,965
| -18% | -$1.86M |
|
|
TRQ
1765
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $8.5M | ﹤0.01% |
1,002,262
-120,601
| -11% | -$1.07M |
|
|
NP
1766
DELISTED
Neenah, Inc. Common Stock
NP
| $8.46M | ﹤0.01% |
225,694
-18,012
| -7% | -$810K |
|
|
DMC
1767
Del Monte Corp
DMC
$1.41B
| $8.38M | ﹤0.01% |
365,548
-41,288
| -10% | -$970K |
|
1768
St. Joe Company
JOE
$3.79B
| $8.34M | ﹤0.01% |
404,293
| – | – |
|
1769
e.l.f. Beauty
ELF
$5.61B
| $8.34M | ﹤0.01% |
+453,916
| New | +$8.59M |
|
1770
Cerus
CERS
$466M
| $8.27M | ﹤0.01% |
1,320,649
| – | – |
|
1771
Sony
SONY
$135B
| $8.26M | ﹤0.01% |
538,250
| – | – |
|
|
TBI
1772
Trueblue
TBI
$313M
| $8.24M | ﹤0.01% |
532,172
-35,692
| -6% | -$550K |
|
1773
Towne Bank
TOWN
$3.46B
| $8.23M | ﹤0.01% |
501,942
| – | – |
|
1774
1st Source
SRCE
$2.16B
| $8.23M | ﹤0.01% |
266,825
-6,876
| -3% | -$232K |
|
1775
Renasant Corp
RNST
$3.99B
| $8.22M | ﹤0.01% |
361,831
-258,357
| -42% | -$6.22M |
|
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.