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 | |
|---|---|---|---|---|---|---|
|
TRUE
1901
DELISTED
TrueCar
TRUE
| $3.99M | ﹤0.01% |
+798,400
| New | +$3.37M |
|
|
IGMS
1902
DELISTED
IGM Biosciences
IGMS
| $3.96M | ﹤0.01% |
53,686
| – | – |
|
1903
Invesco Mortgage Capital
IVR
$761M
| $3.93M | ﹤0.01% |
145,101
+3,133
| +2% | +$96.6K |
|
1904
Matsons
MATX
$6.15B
| $3.85M | ﹤0.01% |
95,915
-60,250
| -39% | -$2.27M |
|
|
BFS
1905
Saul Centers
BFS
$825M
| $3.78M | ﹤0.01% |
142,117
| – | – |
|
1906
First Financial Corp
THFF
$979M
| $3.77M | ﹤0.01% |
119,899
| – | – |
|
|
TCDA
1907
DELISTED
Tricida, Inc. Common Stock
TCDA
| $3.73M | ﹤0.01% |
411,687
-4,773
| -1% | -$69.7K |
|
|
RDUS
1908
DELISTED
Radius Health, Inc.
RDUS
| $3.69M | ﹤0.01% |
325,738
-12,869
| -4% | -$159K |
|
1909
Century Aluminum
CENX
$4.66B
| $3.67M | ﹤0.01% |
514,939
+374,776
| +267% | +$3.26M |
|
1910
Extreme Networks
EXTR
$3.43B
| $3.66M | ﹤0.01% |
910,960
| – | – |
|
|
CEL
1911
DELISTED
Cellcom Israel, Ltd.
CEL
| $3.64M | ﹤0.01% |
889,375
-390,296
| -30% | -$1.47M |
|
1912
Arlo Technologies
ARLO
$1.73B
| $3.56M | ﹤0.01% |
677,639
-47,528
| -7% | -$228K |
|
1913
BioCryst Pharmaceuticals
BCRX
$2.31B
| $3.54M | ﹤0.01% |
1,032,093
+488,600
| +90% | +$2.09M |
|
|
JAMF
1914
DELISTED
Jamf
JAMF
| $3.53M | ﹤0.01% |
+93,750
| New | +$3.52M |
|
1915
Rhythm Pharmaceuticals
RYTM
$7.62B
| $3.46M | ﹤0.01% |
159,428
-70,767
| -31% | -$1.62M |
|
1916
Hudbay
HBM
$11.5B
| $3.45M | ﹤0.01% |
816,781
+54,078
| +7% | +$208K |
|
|
DNB
1917
DELISTED
Dun & Bradstreet
DNB
| $3.44M | ﹤0.01% |
+134,255
| New | +$3.41M |
|
1918
Golar LNG
GLNG
$5.11B
| $3.32M | ﹤0.01% |
547,678
+128,317
| +31% | +$1.15M |
|
1919
Warner Music
WMG
$13.6B
| $3.17M | ﹤0.01% |
110,484
| – | – |
|
1920
Ituran Location and Control
ITRN
$1.1B
| $3.14M | ﹤0.01% |
225,671
| – | – |
|
1921
Pricesmart
PSMT
$5.76B
| $3.14M | ﹤0.01% |
47,228
+10,567
| +29% | +$697K |
|
1922
Phreesia
PHR
$710M
| $3.13M | ﹤0.01% |
97,500
-38,900
| -29% | -$1.16M |
|
|
MODN
1923
DELISTED
MODEL N, INC.
MODN
| $3.13M | ﹤0.01% |
+88,800
| New | +$3.35M |
|
|
HA
1924
DELISTED
Hawaiian Holdings, Inc.
HA
| $3.11M | ﹤0.01% |
241,620
-296,635
| -55% | -$3.96M |
|
|
SPPI
1925
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $3.06M | ﹤0.01% |
750,200
+165,300
| +28% | +$628K |
|
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.