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
|
+$518M |
| 2 |
Zoom
ZM
|
+$517M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$376M |
| 4 |
Match Group
MTCH
|
+$249M |
| 5 |
CrowdStrike
CRWD
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$658M |
| 2 |
Linde
LIN
|
+$320M |
| 3 |
Bank of America
BAC
|
+$307M |
| 4 |
PPLI
People Inc
PPLI
|
+$300M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$252M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.61% |
| 2 | Consumer Discretionary | 14.53% |
| 3 | Healthcare | 13.24% |
| 4 | Financials | 12.9% |
| 5 | Communication Services | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Washington Trust Bancorp
WASH
$753M
| $5.54M | ﹤0.01% |
180,518
-5,033
| -3% | -$166K |
|
|
BPFH
1852
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $5.52M | ﹤0.01% |
1,000,101
-170,841
| -15% | -$1.02M |
|
1853
Ceragon Networks
CRNT
$203M
| $5.51M | ﹤0.01% |
2,212,539
| – | – |
|
1854
Stock Yards Bancorp
SYBT
$2.63B
| $5.5M | ﹤0.01% |
161,583
+80,876
| +100% | +$3.23M |
|
|
EIGI
1855
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $5.44M | ﹤0.01% |
947,364
+462,591
| +95% | +$2.6M |
|
|
BRSP
1856
BrightSpire Capital
BRSP
$633M
| $5.42M | ﹤0.01% |
1,103,056
| – | – |
|
1857
Allegiant Air
ALGT
$2.79B
| $5.31M | ﹤0.01% |
44,319
-67,963
| -61% | -$8.2M |
|
1858
Kearny Financial
KRNY
$609M
| $5.23M | ﹤0.01% |
725,555
| – | – |
|
1859
Murphy Oil
MUR
$5.17B
| $5.2M | ﹤0.01% |
583,332
-533,773
| -48% | -$6.85M |
|
1860
National Presto Industries
NPK
$1B
| $5.17M | ﹤0.01% |
63,123
+4,791
| +8% | +$418K |
|
|
API
1861
Agora
API
$349M
| $5.16M | ﹤0.01% |
120,000
| – | – |
|
|
BBT
1862
Beacon Financial Corp
BBT
$2.68B
| $5.07M | ﹤0.01% |
501,209
-58,151
| -10% | -$572K |
|
1863
Children's Place
PLCE
$58M
| $5.03M | ﹤0.01% |
177,547
+21,057
| +13% | +$578K |
|
|
AVTA
1864
DELISTED
Avantax, Inc. Common Stock
AVTA
| $5.03M | ﹤0.01% |
534,299
-127,450
| -19% | -$1.41M |
|
|
AIMT
1865
DELISTED
Aimmune Therapeutics
AIMT
| $5M | ﹤0.01% |
145,222
-325,802
| -69% | -$6.94M |
|
1866
Columbia Financial
CLBK
$1.12B
| $4.99M | ﹤0.01% |
449,279
| – | – |
|
|
FSP
1867
Franklin Street Properties
FSP
$48M
| $4.96M | ﹤0.01% |
1,356,156
-150,564
| -10% | -$705K |
|
1868
Brookdale Senior Living
BKD
$3.45B
| $4.94M | ﹤0.01% |
1,945,612
-911,070
| -32% | -$2.51M |
|
1869
Li Auto
LI
$12.6B
| $4.88M | ﹤0.01% |
+280,374
| New | +$4.68M |
|
1870
Vital Farms
VITL
$524M
| $4.87M | ﹤0.01% |
+120,135
| New | +$4.54M |
|
1871
Smith & Wesson
SWBI
$658M
| $4.86M | ﹤0.01% |
+312,800
| New | +$5.53M |
|
|
DSPG
1872
DELISTED
DSP Group Inc
DSPG
| $4.84M | ﹤0.01% |
367,221
| – | – |
|
|
FFG
1873
DELISTED
FBL Financial Group
FFG
| $4.84M | ﹤0.01% |
100,393
-3,633
| -3% | -$145K |
|
1874
Oceaneering
OII
$4.78B
| $4.83M | ﹤0.01% |
1,373,582
+137,144
| +11% | +$724K |
|
|
VNTR
1875
DELISTED
Venator Materials PLC
VNTR
| $4.83M | ﹤0.01% |
2,500,000
| – | – |
|
Similar funds
Norges Bank's Q3 2020 Portfolio in Review
As of Q3 2020, Norges Bank held 2,199 positions worth $376B, up 8.4% from $347B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q3 2020 filing shows 123 new, 615 increased, 1,177 reduced and 71 closed positions. Its largest new stake was Match Group: 2,348,708 shares worth $260M. The largest sale was Apple, an estimated $658M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Norges Bank's largest Q3 2020 buy was Match Group: 2,348,708 shares worth $260M.
- Norges Bank added most to Walmart Inc in Q3 2020, an estimated $518M increase.
- Norges Bank's biggest Q3 2020 reduction was Apple, cutting an estimated $658M.
- Norges Bank fully exited Tech Data Corp in Q3 2020, selling an estimated $66.6M.
- Norges Bank's ten largest holdings make up 23% of its $376B portfolio in Q3 2020.
- Norges Bank opened 123 new positions and closed 71 in Q3 2020.
- Norges Bank's portfolio value rose 8.4% quarter-over-quarter to $376B.
Based on Norges Bank's 13F filing for Q3 2020, filed 10 Nov 2020.