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 | |
|---|---|---|---|---|---|---|
|
CKH
1776
DELISTED
Seacor Holdings Inc.
CKH
| $6.13M | ﹤0.01% |
227,540
-15,452
| -6% | -$557K |
|
1777
MeiraGTx Holdings
MGTX
$1.16B
| $6.12M | ﹤0.01% |
455,319
| – | – |
|
|
RESI
1778
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $6.09M | ﹤0.01% |
509,733
| – | – |
|
|
TERP
1779
DELISTED
TerraForm Power, Inc
TERP
| $6.06M | ﹤0.01% |
384,223
-694,794
| -64% | -$12.1M |
|
1780
Orion
OEC
$370M
| $6.04M | ﹤0.01% |
810,309
| – | – |
|
1781
Griffon
GFF
$4.72B
| $6.02M | ﹤0.01% |
475,542
+66,018
| +16% | +$1.19M |
|
|
UBA
1782
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $5.99M | ﹤0.01% |
425,090
+44,788
| +12% | +$923K |
|
|
HAPN
1783
Happen Inc
HAPN
$2.36B
| $5.98M | ﹤0.01% |
762,192
+54,185
| +8% | +$603K |
|
1784
Hyster-Yale Materials Handling
HY
$726M
| $5.95M | ﹤0.01% |
148,474
+33,320
| +29% | +$1.68M |
|
|
POLY
1785
DELISTED
Plantronics, Inc.
POLY
| $5.92M | ﹤0.01% |
588,447
+116,009
| +25% | +$2.17M |
|
1786
Conduent
CNDT
$267M
| $5.9M | ﹤0.01% |
2,408,363
| – | – |
|
1787
Groupon
GRPN
$1.04B
| $5.87M | ﹤0.01% |
299,473
+8,928
| +3% | +$352K |
|
1788
Replimune Group
REPL
$994M
| $5.83M | ﹤0.01% |
585,000
| – | – |
|
1789
Opko Health
OPK
$1.01B
| $5.8M | ﹤0.01% |
4,327,752
| – | – |
|
1790
Fastly Inc
FSLY
$4.07B
| $5.79M | ﹤0.01% |
304,900
+284,900
| +1,425% | +$5.89M |
|
1791
Cerus
CERS
$457M
| $5.78M | ﹤0.01% |
1,243,595
| – | – |
|
|
DCH
1792
Dauch Corp
DCH
$1.42B
| $5.77M | ﹤0.01% |
1,598,411
| – | – |
|
1793
Tronox
TROX
$933M
| $5.75M | ﹤0.01% |
1,155,189
-57,914
| -5% | -$480K |
|
1794
Skywest
SKYW
$4.5B
| $5.74M | ﹤0.01% |
219,168
+21,013
| +11% | +$1.03M |
|
1795
Myers Industries
MYE
$1.33B
| $5.73M | ﹤0.01% |
533,108
-181,268
| -25% | -$2.64M |
|
1796
DNOW Inc
DNOW
$2.6B
| $5.72M | ﹤0.01% |
1,108,648
+87,796
| +9% | +$791K |
|
1797
Dycom Industries
DY
$12.3B
| $5.7M | ﹤0.01% |
222,094
| – | – |
|
|
AERI
1798
DELISTED
Aerie Pharmaceuticals
AERI
| $5.67M | ﹤0.01% |
420,188
| – | – |
|
1799
Caesars Entertainment
CZR
$6.13B
| $5.67M | ﹤0.01% |
393,752
+80,440
| +26% | +$3.76M |
|
1800
Tredegar Corp
TG
$268M
| $5.66M | ﹤0.01% |
362,139
-112,634
| -24% | -$2.1M |
|
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.