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 | |
|---|---|---|---|---|---|---|
1926
Black Diamond Therapeutics
BDTX
$103M
| $3.02M | ﹤0.01% |
100,000
| – | – |
|
1927
Quanex
NX
$959M
| $2.98M | ﹤0.01% |
161,884
+74,900
| +86% | +$1.19M |
|
1928
American Well
AMWL
$221M
| $2.96M | ﹤0.01% |
+5,000
| New | +$2.64M |
|
1929
Atlanta Braves Holdings Series A
BATRA
$3.39B
| $2.94M | ﹤0.01% |
140,764
-60,262
| -30% | -$1.18M |
|
|
VIVO
1930
DELISTED
Meridian Bioscience Inc
VIVO
| $2.88M | ﹤0.01% |
169,903
-111,147
| -40% | -$2.16M |
|
1931
Liberty Latin America Class A
LILA
$1.69B
| $2.87M | ﹤0.01% |
511,661
-240,523
| -32% | -$1.46M |
|
1932
Simulations Plus
SLP
$371M
| $2.86M | ﹤0.01% |
+38,000
| New | +$2.44M |
|
1933
Tenaris
TS
$28.8B
| $2.86M | ﹤0.01% |
290,093
| – | – |
|
1934
Kamada
KMDA
$414M
| $2.84M | ﹤0.01% |
331,663
-50,300
| -13% | -$457K |
|
1935
Stewart Information Services
STC
$2.08B
| $2.83M | ﹤0.01% |
+64,700
| New | +$2.61M |
|
1936
Nexa Resources
NEXA
$1.86B
| $2.81M | ﹤0.01% |
531,346
+76,375
| +17% | +$515K |
|
1937
Central Garden & Pet Co
CENT
$2.76B
| $2.79M | ﹤0.01% |
87,380
| – | – |
|
1938
TFS Financial
TFSL
$5.14B
| $2.76M | ﹤0.01% |
187,742
| – | – |
|
|
CLR
1939
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $2.74M | ﹤0.01% |
222,823
-367,165
| -62% | -$5.96M |
|
|
DCOM
1940
DELISTED
Dime Community Bancshares
DCOM
| $2.72M | ﹤0.01% |
240,361
-381,203
| -61% | -$4.74M |
|
1941
StepStone Group
STEP
$4.1B
| $2.66M | ﹤0.01% |
+100,000
| New | +$2.55M |
|
1942
Levi Strauss
LEVI
$9.53B
| $2.58M | ﹤0.01% |
192,176
| – | – |
|
|
OSG
1943
Octave Specialty Group
OSG
$256M
| $2.57M | ﹤0.01% |
201,300
-58,800
| -23% | -$757K |
|
1944
SI-BONE Inc
SIBN
$809M
| $2.57M | ﹤0.01% |
108,300
| – | – |
|
1945
Standard BioTools
LAB
$307M
| $2.5M | ﹤0.01% |
336,022
-310,606
| -48% | -$2.14M |
|
1946
Cactus
WHD
$5.28B
| $2.5M | ﹤0.01% |
130,096
-39,606
| -23% | -$859K |
|
1947
10x Genomics
TXG
$6.03B
| $2.49M | ﹤0.01% |
20,000
| – | – |
|
|
DISH
1948
DELISTED
DISH Network Corp.
DISH
| $2.48M | ﹤0.01% |
85,564
-962,879
| -92% | -$31.8M |
|
|
PENG
1949
Penguin Solutions Inc
PENG
$2.86B
| $2.47M | ﹤0.01% |
+181,000
| New | +$2.42M |
|
|
DENN
1950
DELISTED
Denny's
DENN
| $2.44M | ﹤0.01% |
+244,200
| New | +$2.44M |
|
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.