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 | |
|---|---|---|---|---|---|---|
|
FFIC
1901
DELISTED
Flushing Financial
FFIC
| $3.71M | ﹤0.01% |
322,159
-99,639
| -24% | -$1.14M |
|
|
CHNG
1902
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $3.68M | ﹤0.01% |
328,555
-1,972,394
| -86% | -$22.2M |
|
1903
Oil States International
OIS
$489M
| $3.66M | ﹤0.01% |
770,730
| – | – |
|
1904
Ituran Location and Control
ITRN
$1.09B
| $3.62M | ﹤0.01% |
225,671
| – | – |
|
|
RESI
1905
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $3.57M | ﹤0.01% |
410,037
-99,696
| -20% | -$912K |
|
1906
Cactus
WHD
$5.21B
| $3.5M | ﹤0.01% |
169,702
+39,702
| +31% | +$689K |
|
|
HAPN
1907
Happen Inc
HAPN
$2.21B
| $3.47M | ﹤0.01% |
762,192
| – | – |
|
|
LORL
1908
DELISTED
Loral Space and Communications, Inc.
LORL
| $3.44M | ﹤0.01% |
176,199
| – | – |
|
|
APLS
1909
DELISTED
Apellis Pharmaceuticals
APLS
| $3.42M | ﹤0.01% |
104,687
-280,313
| -73% | -$9M |
|
1910
Lennar Class B
LEN.B
$19.4B
| $3.36M | ﹤0.01% |
76,654
| – | – |
|
|
DAO
1911
Youdao
DAO
$2.03B
| $3.27M | ﹤0.01% |
87,107
| – | – |
|
1912
Warner Music
WMG
$13.5B
| $3.26M | ﹤0.01% |
+110,484
| New | +$3.45M |
|
1913
Stock Yards Bancorp
SYBT
$2.64B
| $3.24M | ﹤0.01% |
80,707
| – | – |
|
1914
Dave & Buster's
PLAY
$377M
| $3.22M | ﹤0.01% |
241,798
-166,787
| -41% | -$2.22M |
|
1915
Genesco
GCO
$425M
| $3.22M | ﹤0.01% |
148,654
-12,866
| -8% | -$237K |
|
1916
Matador Resources
MTDR
$6.2B
| $3.21M | ﹤0.01% |
378,256
| – | – |
|
1917
Adaptive Biotechnologies
ADPT
$3.59B
| $3.21M | ﹤0.01% |
66,269
| – | – |
|
1918
Aecom
ACM
$9.3B
| $3.1M | ﹤0.01% |
+82,629
| New | +$2.96M |
|
1919
Garrett Motion
GTX
$5.81B
| $3.08M | ﹤0.01% |
556,320
-348,539
| -39% | -$1.7M |
|
1920
Andersons Inc
ANDE
$2.41B
| $3.04M | ﹤0.01% |
221,154
-152,723
| -41% | -$2.22M |
|
|
IMGN
1921
DELISTED
Immunogen Inc
IMGN
| $3.04M | ﹤0.01% |
+661,600
| New | +$2.81M |
|
1922
Golar LNG
GLNG
$5B
| $3.04M | ﹤0.01% |
419,361
| – | – |
|
1923
Nexa Resources
NEXA
$1.7B
| $3.02M | ﹤0.01% |
454,971
| – | – |
|
1924
MGP Ingredients
MGPI
$379M
| $2.98M | ﹤0.01% |
81,047
| – | – |
|
|
DQ
1925
Daqo New Energy
DQ
$823M
| $2.94M | ﹤0.01% |
197,735
| – | – |
|
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.