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 | |
|---|---|---|---|---|---|---|
|
AZEK
1801
DELISTED
The AZEK Co
AZEK
| $7.21M | ﹤0.01% |
+226,471
| New | +$6.88M |
|
1802
Petrobras
PBR
$125B
| $7.18M | ﹤0.01% |
868,690
| – | – |
|
1803
Interface
TILE
$1.99B
| $7.16M | ﹤0.01% |
879,286
-258,154
| -23% | -$2.19M |
|
1804
Skywest
SKYW
$4.24B
| $7.15M | ﹤0.01% |
219,168
| – | – |
|
|
CBB
1805
DELISTED
Cincinnati Bell Inc.
CBB
| $7.12M | ﹤0.01% |
+479,434
| New | +$7.07M |
|
1806
Helix Energy Solutions
HLX
$1.4B
| $7.04M | ﹤0.01% |
2,029,711
+454,079
| +29% | +$1.23M |
|
1807
The RMR Group
RMR
$325M
| $7.03M | ﹤0.01% |
238,496
| – | – |
|
1808
Matthews International
MATW
$866M
| $6.96M | ﹤0.01% |
364,246
| – | – |
|
1809
National Beverage
FIZZ
$2.96B
| $6.94M | ﹤0.01% |
227,384
+19,168
| +9% | +$517K |
|
|
LGF.B
1810
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $6.87M | ﹤0.01% |
1,005,944
+190,839
| +23% | +$1.32M |
|
|
VRN
1811
DELISTED
Veren
VRN
| $6.85M | ﹤0.01% |
4,224,989
-1,847,242
| -30% | -$2.55M |
|
1812
Dillards
DDS
$9.19B
| $6.8M | ﹤0.01% |
263,515
-18,915
| -7% | -$535K |
|
1813
Patterson-UTI
PTEN
$3.98B
| $6.78M | ﹤0.01% |
1,952,787
-450,450
| -19% | -$1.55M |
|
|
FSCT
1814
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $6.76M | ﹤0.01% |
+319,000
| New | +$8.68M |
|
|
ARR
1815
Armour Residential REIT
ARR
$2.33B
| $6.71M | ﹤0.01% |
142,903
-8,284
| -5% | -$347K |
|
|
DADA
1816
DELISTED
Dada Nexus
DADA
| $6.69M | ﹤0.01% |
+300,000
| New | +$5.77M |
|
1817
OraSure Technologies
OSUR
$279M
| $6.67M | ﹤0.01% |
573,385
| – | – |
|
|
WBT
1818
DELISTED
Welbilt, Inc.
WBT
| $6.65M | ﹤0.01% |
1,091,879
+572,746
| +110% | +$3.1M |
|
|
CMO
1819
DELISTED
Capstead Mortgage Corp.
CMO
| $6.62M | ﹤0.01% |
1,206,093
-62,761
| -5% | -$315K |
|
|
VIVO
1820
DELISTED
Meridian Bioscience Inc
VIVO
| $6.55M | ﹤0.01% |
281,050
| – | – |
|
1821
Conduent
CNDT
$244M
| $6.52M | ﹤0.01% |
2,726,903
+318,540
| +13% | +$741K |
|
1822
WillScot Mobile Mini Holdings
WSC
$4.39B
| $6.51M | ﹤0.01% |
+530,065
| New | +$6.54M |
|
|
KRA
1823
DELISTED
Kraton Corporation
KRA
| $6.48M | ﹤0.01% |
375,020
+88,775
| +31% | +$1.2M |
|
1824
Granite Construction
GVA
$5.29B
| $6.34M | ﹤0.01% |
331,048
+81,768
| +33% | +$1.39M |
|
|
TGI
1825
DELISTED
Triumph Group
TGI
| $6.29M | ﹤0.01% |
698,124
+487,720
| +232% | +$3.61M |
|
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.