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 | |
|---|---|---|---|---|---|---|
|
ITCI
1851
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $7.68M | ﹤0.01% |
223,810
-59,695
| -21% | -$716K |
|
|
RDUS
1852
DELISTED
Radius Health, Inc.
RDUS
| $7.68M | ﹤0.01% |
380,798
-41,291
| -10% | -$1M |
|
1853
Columbia Financial
CLBK
$1.14B
| $7.61M | ﹤0.01% |
449,279
| – | – |
|
|
BITA
1854
DELISTED
Bitauto Holdings Limited
BITA
| $7.53M | ﹤0.01% |
507,082
| – | – |
|
|
OCFT
1855
DELISTED
OneConnect Financial Technology
OCFT
| $7.52M | ﹤0.01% |
+75,000
| New | +$7.44M |
|
|
SOHU
1856
Sohu.com
SOHU
$352M
| $7.48M | ﹤0.01% |
669,004
| – | – |
|
1857
ProPetro Holding
PUMP
$1.25B
| $7.46M | ﹤0.01% |
663,455
| – | – |
|
|
LTRPA
1858
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $7.43M | ﹤0.01% |
1,011,099
| – | – |
|
1859
Sony
SONY
$137B
| $7.32M | ﹤0.01% |
538,250
| – | – |
|
1860
NETGEAR
NTGR
$612M
| $7.31M | ﹤0.01% |
298,319
-76,199
| -20% | -$2.08M |
|
|
HTT
1861
High Templar Tech Ltd
HTT
$370M
| $7.16M | ﹤0.01% |
1,519,268
| – | – |
|
|
MDRX
1862
DELISTED
Veradigm Inc. Common Stock
MDRX
| $7.15M | ﹤0.01% |
728,299
+98,240
| +16% | +$1.03M |
|
1863
Cerence
CRNC
$359M
| $7.07M | ﹤0.01% |
+312,368
| New | +$5.12M |
|
|
NEX
1864
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $7.03M | ﹤0.01% |
+1,049,162
| New | +$5.66M |
|
1865
Matsons
MATX
$6.11B
| $6.92M | ﹤0.01% |
169,715
| – | – |
|
1866
Matador Resources
MTDR
$6.04B
| $6.8M | ﹤0.01% |
378,256
| – | – |
|
1867
Hyster-Yale Materials Handling
HY
$576M
| $6.79M | ﹤0.01% |
115,154
-19,301
| -14% | -$1.07M |
|
|
DSPG
1868
DELISTED
DSP Group Inc
DSPG
| $6.63M | ﹤0.01% |
+421,480
| New | +$6.21M |
|
1869
Tenaris
TS
$28.2B
| $6.57M | ﹤0.01% |
290,093
| – | – |
|
1870
Alcoa
AA
$11.3B
| $6.53M | ﹤0.01% |
303,787
-201,509
| -40% | -$4.17M |
|
1871
StoneCo
STNE
$2.67B
| $6.51M | ﹤0.01% |
163,304
-11,500
| -7% | -$421K |
|
1872
Warner Bros
WBD
$64.3B
| $6.5M | ﹤0.01% |
198,595
| – | – |
|
1873
ICF International
ICFI
$1.5B
| $6.41M | ﹤0.01% |
69,937
-18,352
| -21% | -$1.58M |
|
1874
Opko Health
OPK
$1.02B
| $6.36M | ﹤0.01% |
4,327,752
+1,000,000
| +30% | +$1.67M |
|
|
AQUA
1875
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $6.32M | ﹤0.01% |
333,396
| – | – |
|
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.