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 | |
|---|---|---|---|---|---|---|
|
MTSC
1826
DELISTED
MTS Systems Corp
MTSC
| $4.98M | ﹤0.01% |
221,158
-45,598
| -17% | -$1.79M |
|
1827
Blackstone
BX
$109B
| $4.94M | ﹤0.01% |
+108,363
| New | +$5.99M |
|
1828
Scholar Rock
SRRK
$5.74B
| $4.91M | ﹤0.01% |
405,000
| – | – |
|
1829
Antero Midstream
AM
$10B
| $4.81M | ﹤0.01% |
2,289,361
+59,808
| +3% | +$285K |
|
|
HOUS
1830
DELISTED
Anywhere Real Estate
HOUS
| $4.8M | ﹤0.01% |
1,594,936
| – | – |
|
1831
Matsons
MATX
$6.22B
| $4.78M | ﹤0.01% |
156,165
-13,550
| -8% | -$479K |
|
1832
Petrobras
PBR
$118B
| $4.78M | ﹤0.01% |
868,690
-3,508,700
| -80% | -$41.9M |
|
1833
Parsons
PSN
$5.1B
| $4.77M | ﹤0.01% |
149,331
| – | – |
|
1834
Gossamer Bio
GOSS
$86.9M
| $4.77M | ﹤0.01% |
470,000
-324,275
| -41% | -$4.23M |
|
|
VRN
1835
DELISTED
Veren
VRN
| $4.71M | ﹤0.01% |
6,072,231
-1,162,298
| -16% | -$3.21M |
|
|
RDUS
1836
DELISTED
Radius Health, Inc.
RDUS
| $4.7M | ﹤0.01% |
361,344
-19,454
| -5% | -$347K |
|
1837
Pitney Bowes
PBI
$2.51B
| $4.65M | ﹤0.01% |
2,281,347
-90,498
| -4% | -$310K |
|
|
BFS
1838
Saul Centers
BFS
$825M
| $4.65M | ﹤0.01% |
142,117
-33,854
| -19% | -$1.53M |
|
1839
Adecoagro
AGRO
$1.34B
| $4.62M | ﹤0.01% |
1,187,143
| – | – |
|
1840
Allegiant Air
ALGT
$2.79B
| $4.6M | ﹤0.01% |
56,246
-9,403
| -14% | -$1.35M |
|
1841
ICF International
ICFI
$1.54B
| $4.56M | ﹤0.01% |
66,347
-3,590
| -5% | -$293K |
|
|
LGF.B
1842
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $4.55M | ﹤0.01% |
815,105
| – | – |
|
1843
Core Laboratories
CLB
$502M
| $4.53M | ﹤0.01% |
437,916
| – | – |
|
1844
Vermilion Energy
VET
$1.61B
| $4.46M | ﹤0.01% |
1,451,165
-207,748
| -13% | -$2.32M |
|
1845
National Beverage
FIZZ
$3.02B
| $4.44M | ﹤0.01% |
208,216
| – | – |
|
1846
MakeMyTrip
MMYT
$5.76B
| $4.43M | ﹤0.01% |
370,718
+25,117
| +7% | +$543K |
|
1847
Westamerica Bancorp
WABC
$1.38B
| $4.4M | ﹤0.01% |
74,802
+16,548
| +28% | +$1.03M |
|
|
TRQ
1848
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $4.39M | ﹤0.01% |
1,122,863
+341,766
| +44% | +$1.94M |
|
|
GES
1849
DELISTED
Guess Inc
GES
| $4.3M | ﹤0.01% |
635,368
| – | – |
|
|
VNTR
1850
DELISTED
Venator Materials PLC
VNTR
| $4.3M | ﹤0.01% |
2,500,000
-45,446
| -2% | -$128K |
|
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.