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 | |
|---|---|---|---|---|---|---|
|
BAND
1876
Bandwidth Inc
BAND
$1.26B
| $4.62M | ﹤0.01% |
+36,400
| New | +$3.67M |
|
|
RDUS
1877
DELISTED
Radius Health, Inc.
RDUS
| $4.62M | ﹤0.01% |
338,607
-22,737
| -6% | -$313K |
|
|
BFS
1878
Saul Centers
BFS
$836M
| $4.59M | ﹤0.01% |
142,117
| – | – |
|
1879
Matsons
MATX
$6.13B
| $4.54M | ﹤0.01% |
156,165
| – | – |
|
1880
Pennant Group
PNTG
$1.4B
| $4.5M | ﹤0.01% |
199,300
-12,791
| -6% | -$268K |
|
|
VNTR
1881
DELISTED
Venator Materials PLC
VNTR
| $4.47M | ﹤0.01% |
2,500,000
| – | – |
|
|
ARCE
1882
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $4.45M | ﹤0.01% |
102,300
+40,000
| +64% | +$1.9M |
|
1883
First Financial Corp
THFF
$958M
| $4.42M | ﹤0.01% |
119,899
| – | – |
|
1884
Antero Resources
AR
$11.1B
| $4.34M | ﹤0.01% |
1,708,940
-640,712
| -27% | -$1.68M |
|
1885
Parsons
PSN
$4.72B
| $4.25M | ﹤0.01% |
117,127
-32,204
| -22% | -$1.21M |
|
1886
Black Diamond Therapeutics
BDTX
$96.8M
| $4.22M | ﹤0.01% |
100,000
| – | – |
|
|
SPTN
1887
DELISTED
SpartanNash
SPTN
| $4.17M | ﹤0.01% |
196,120
| – | – |
|
1888
Sonos
SONO
$1.73B
| $4.17M | ﹤0.01% |
+284,827
| New | +$3.03M |
|
|
SOGO
1889
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $4.12M | ﹤0.01% |
985,484
| – | – |
|
1890
Atlanta Braves Holdings Series A
BATRA
$3.49B
| $4.04M | ﹤0.01% |
201,026
-79,965
| -28% | -$1.62M |
|
1891
BridgeBio Pharma
BBIO
$15.7B
| $3.97M | ﹤0.01% |
121,817
| – | – |
|
1892
Extreme Networks
EXTR
$3.94B
| $3.95M | ﹤0.01% |
+910,960
| New | +$3.21M |
|
|
IGMS
1893
DELISTED
IGM Biosciences
IGMS
| $3.92M | ﹤0.01% |
53,686
+32,617
| +155% | +$1.98M |
|
1894
Caleres
CAL
$431M
| $3.88M | ﹤0.01% |
464,679
-346,715
| -43% | -$2.42M |
|
1895
Groupon
GRPN
$1.05B
| $3.86M | ﹤0.01% |
212,948
-86,525
| -29% | -$1.93M |
|
1896
Phreesia
PHR
$663M
| $3.86M | ﹤0.01% |
+136,400
| New | +$3.55M |
|
1897
DMC Global
BOOM
$138M
| $3.77M | ﹤0.01% |
136,537
| – | – |
|
1898
Tenaris
TS
$28.9B
| $3.75M | ﹤0.01% |
290,093
| – | – |
|
|
FFG
1899
DELISTED
FBL Financial Group
FFG
| $3.73M | ﹤0.01% |
104,026
-33,100
| -24% | -$1.22M |
|
|
OSG
1900
Octave Specialty Group
OSG
$243M
| $3.73M | ﹤0.01% |
+260,100
| New | +$3.8M |
|
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.