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 |
Alibaba
BABA
|
+$713M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$532M |
| 3 |
AvalonBay Communities
AVB
|
+$338M |
| 4 |
Essex Property Trust
ESS
|
+$322M |
| 5 |
Equity Residential
EQR
|
+$295M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$783M |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
+$286M |
| 3 |
Morgan Stanley
MS
|
+$196M |
| 4 |
Bank of America
BAC
|
+$170M |
| 5 |
Ameriprise Financial
AMP
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.16% |
| 2 | Financials | 16.45% |
| 3 | Healthcare | 13.43% |
| 4 | Consumer Discretionary | 11.44% |
| 5 | Communication Services | 9.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EBIX
1826
DELISTED
Ebix Inc
EBIX
| $9.05M | ﹤0.01% |
270,863
+31,293
| +13% | +$1.16M |
|
1827
Garrett Motion
GTX
$5.37B
| $9.04M | ﹤0.01% |
904,859
-131,700
| -13% | -$1.34M |
|
1828
Andersons Inc
ANDE
$2.39B
| $9.04M | ﹤0.01% |
357,484
-13,564
| -4% | -$296K |
|
|
HAPN
1829
Happen Inc
HAPN
$2.14B
| $8.94M | ﹤0.01% |
708,007
| – | – |
|
1830
Boot Barn
BOOT
$4.58B
| $8.89M | ﹤0.01% |
199,655
-63,062
| -24% | -$2.49M |
|
|
SPPI
1831
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $8.82M | ﹤0.01% |
2,423,834
| – | – |
|
1832
Weis Markets
WMK
$1.92B
| $8.7M | ﹤0.01% |
214,798
+2,379
| +1% | +$92K |
|
1833
Replimune Group
REPL
$455M
| $8.39M | ﹤0.01% |
585,000
+250,000
| +75% | +$3.6M |
|
1834
Griffon
GFF
$4.02B
| $8.33M | ﹤0.01% |
409,524
+47,568
| +13% | +$1,000K |
|
1835
Radware
RDWR
$983M
| $8.28M | ﹤0.01% |
+320,996
| New | +$7.6M |
|
|
CISN
1836
DELISTED
Cision Ltd. Ordinary Share
CISN
| $8.24M | ﹤0.01% |
826,344
| – | – |
|
1837
Pennant Group
PNTG
$1.43B
| $8.19M | ﹤0.01% |
+247,665
| New | +$5.67M |
|
1838
Arcos Dorados Holdings
ARCO
$1.74B
| $8.17M | ﹤0.01% |
1,037,205
| – | – |
|
|
WBT
1839
DELISTED
Welbilt, Inc.
WBT
| $8.1M | ﹤0.01% |
519,133
| – | – |
|
|
LGF.B
1840
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $8.09M | ﹤0.01% |
815,105
| – | – |
|
1841
B&G Foods
BGS
$303M
| $8.09M | ﹤0.01% |
451,335
-42,813
| -9% | -$720K |
|
|
GPOR
1842
DELISTED
Gulfport Energy Corp.
GPOR
| $8.08M | ﹤0.01% |
2,659,226
| – | – |
|
1843
St. Joe Company
JOE
$3.55B
| $8.02M | ﹤0.01% |
404,293
-28,425
| -7% | -$526K |
|
1844
MakeMyTrip
MMYT
$5.38B
| $7.91M | ﹤0.01% |
345,601
+61,070
| +21% | +$1.48M |
|
|
AEGN
1845
DELISTED
Aegion Corp
AEGN
| $7.79M | ﹤0.01% |
348,132
| – | – |
|
|
HMHC
1846
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $7.75M | ﹤0.01% |
1,239,158
-313,145
| -20% | -$1.83M |
|
1847
Genesco
GCO
$434M
| $7.74M | ﹤0.01% |
161,520
-25,909
| -14% | -$1.07M |
|
|
WLL
1848
DELISTED
Whiting Petroleum Corporation
WLL
| $7.72M | ﹤0.01% |
14,026
| – | – |
|
1849
Axcelis
ACLS
$3.44B
| $7.71M | ﹤0.01% |
319,824
| – | – |
|
|
SWTX
1850
DELISTED
SpringWorks Therapeutics
SWTX
| $7.7M | ﹤0.01% |
200,000
| – | – |
|
Similar funds
Norges Bank's Q4 2019 Portfolio in Review
As of Q4 2019, Norges Bank held 2,137 positions worth $358B, up 9.8% from $327B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Norges Bank's Q4 2019 filing shows 45 new, 503 increased, 473 reduced and 63 closed positions. Its largest new stake was Walmart Inc: 4,711,437 shares worth $187M. The largest sale was Celgene Corp, an estimated $783M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q4 2019 buy was Walmart Inc: 4,711,437 shares worth $187M.
- Norges Bank added most to Alibaba in Q4 2019, an estimated $713M increase.
- Norges Bank's biggest Q4 2019 reduction was Morgan Stanley, cutting an estimated $196M.
- Norges Bank fully exited Celgene Corp in Q4 2019, selling an estimated $783M.
- Norges Bank's ten largest holdings make up 19% of its $358B portfolio in Q4 2019.
- Norges Bank opened 45 new positions and closed 63 in Q4 2019.
- Norges Bank's portfolio value rose 9.8% quarter-over-quarter to $358B.
Based on Norges Bank's 13F filing for Q4 2019, filed 12 Feb 2020.