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 | |
|---|---|---|---|---|---|---|
1876
Forrester Research
FORR
$226M
| $4.52M | ﹤0.01% |
137,912
-6,483
| -4% | -$222K |
|
|
AD
1877
Array Digital Infrastructure
AD
$3.06B
| $4.52M | ﹤0.01% |
153,081
-90,026
| -37% | -$2.96M |
|
|
TPCO
1878
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $4.5M | ﹤0.01% |
385,560
+214,620
| +126% | +$2.3M |
|
1879
CNX Resources
CNX
$5.11B
| $4.49M | ﹤0.01% |
475,734
-943,834
| -66% | -$9.62M |
|
1880
Cytokinetics
CYTK
$10.7B
| $4.49M | ﹤0.01% |
207,200
| – | – |
|
1881
Donnelley Financial Solutions
DFIN
$1.22B
| $4.45M | ﹤0.01% |
333,348
| – | – |
|
1882
Shift4
FOUR
$4.23B
| $4.45M | ﹤0.01% |
92,077
-157,923
| -63% | -$7.01M |
|
1883
Evolent Health
EVH
$346M
| $4.42M | ﹤0.01% |
356,025
-298,957
| -46% | -$3.52M |
|
1884
ICF International
ICFI
$1.56B
| $4.41M | ﹤0.01% |
+71,600
| New | +$4.75M |
|
1885
Abercrombie & Fitch
ANF
$4.86B
| $4.35M | ﹤0.01% |
312,580
-659,937
| -68% | -$7.71M |
|
1886
Sonos
SONO
$1.88B
| $4.32M | ﹤0.01% |
284,827
| – | – |
|
|
SWN
1887
DELISTED
Southwestern Energy Company
SWN
| $4.32M | ﹤0.01% |
1,839,185
-1,754,405
| -49% | -$4.67M |
|
|
TPC
1888
Tutor Perini Cor
TPC
$4.45B
| $4.31M | ﹤0.01% |
386,906
-115,457
| -23% | -$1.42M |
|
1889
Axcelis
ACLS
$4.2B
| $4.29M | ﹤0.01% |
195,042
-114,007
| -37% | -$2.91M |
|
1890
Range Resources
RRC
$8.91B
| $4.29M | ﹤0.01% |
647,987
-878,187
| -58% | -$6.36M |
|
|
ZUO
1891
DELISTED
Zuora, Inc.
ZUO
| $4.28M | ﹤0.01% |
413,700
-36,500
| -8% | -$423K |
|
1892
Marten Transport
MRTN
$1.22B
| $4.27M | ﹤0.01% |
+261,788
| New | +$4.63M |
|
1893
Amneal Pharmaceuticals
AMRX
$5.89B
| $4.25M | ﹤0.01% |
1,093,954
+25,699
| +2% | +$110K |
|
1894
Myers Industries
MYE
$1.33B
| $4.18M | ﹤0.01% |
316,192
-216,916
| -41% | -$3.23M |
|
|
ARCE
1895
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $4.18M | ﹤0.01% |
102,300
| – | – |
|
1896
WisdomTree
WT
$3.34B
| $4.15M | ﹤0.01% |
1,296,386
+906,848
| +233% | +$3.27M |
|
|
STFC
1897
DELISTED
State Auto Financial Corp
STFC
| $4.11M | ﹤0.01% |
298,493
| – | – |
|
|
BRFS
1898
DELISTED
BRF SA
BRFS
| $4.08M | ﹤0.01% |
1,243,370
| – | – |
|
1899
OraSure Technologies
OSUR
$286M
| $4.07M | ﹤0.01% |
334,263
-239,122
| -42% | -$3.27M |
|
|
AERI
1900
DELISTED
Aerie Pharmaceuticals
AERI
| $4.02M | ﹤0.01% |
341,722
-58,031
| -15% | -$707K |
|
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.