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 | |
|---|---|---|---|---|---|---|
1951
Marcus Corp
MCS
$894M
| $2.23M | ﹤0.01% |
167,907
| – | – |
|
1952
Pricesmart
PSMT
$5.98B
| $2.21M | ﹤0.01% |
36,661
-9,216
| -20% | -$531K |
|
|
RDUS
1953
DELISTED
Radius Recycling
RDUS
| $2.14M | ﹤0.01% |
121,123
| – | – |
|
1954
Datadog
DDOG
$95.4B
| $2.07M | ﹤0.01% |
23,833
-22,321
| -48% | -$1.36M |
|
1955
Apollo Global Management
APO
$72.4B
| $2.05M | ﹤0.01% |
41,000
-35,320
| -46% | -$1.55M |
|
|
ILPT
1956
Industrial Logistics Properties Trust
ILPT
$575M
| $2.02M | ﹤0.01% |
98,185
| – | – |
|
1957
Lantheus
LNTH
$6.49B
| $2M | ﹤0.01% |
+140,000
| New | +$1.85M |
|
|
SPPI
1958
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $1.98M | ﹤0.01% |
584,900
-3,556
| -0.6% | -$10.4K |
|
1959
Greenlight Captial
GLRE
$552M
| $1.96M | ﹤0.01% |
+301,276
| New | +$1.97M |
|
|
EIGI
1960
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $1.95M | ﹤0.01% |
484,773
-357,142
| -42% | -$1.05M |
|
1961
United Natural Foods
UNFI
$3.08B
| $1.95M | ﹤0.01% |
107,149
-96,246
| -47% | -$1.44M |
|
1962
Angi Inc
ANGI
$229M
| $1.94M | ﹤0.01% |
15,935
+4,091
| +35% | +$373K |
|
|
VSTO
1963
DELISTED
Vista Outdoor Inc.
VSTO
| $1.91M | ﹤0.01% |
132,254
| – | – |
|
|
HTT
1964
High Templar Tech Ltd
HTT
$379M
| $1.88M | ﹤0.01% |
1,106,383
| – | – |
|
1965
Arlo Technologies
ARLO
$1.6B
| $1.87M | ﹤0.01% |
725,167
| – | – |
|
|
GMS
1966
DELISTED
GMS Inc
GMS
| $1.87M | ﹤0.01% |
+76,000
| New | +$1.45M |
|
|
CPE
1967
DELISTED
Callon Petroleum Company
CPE
| $1.86M | ﹤0.01% |
161,728
-79,681
| -33% | -$705K |
|
|
QADA
1968
DELISTED
QAD Inc.
QADA
| $1.85M | ﹤0.01% |
+44,902
| New | +$1.89M |
|
|
HMHC
1969
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.85M | ﹤0.01% |
1,022,428
-361,757
| -26% | -$581K |
|
1970
10x Genomics
TXG
$6B
| $1.79M | ﹤0.01% |
20,000
| – | – |
|
|
MEET
1971
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $1.74M | ﹤0.01% |
+279,000
| New | +$1.72M |
|
1972
Braskem
BAK
$928M
| $1.73M | ﹤0.01% |
200,000
| – | – |
|
1973
SI-BONE Inc
SIBN
$788M
| $1.73M | ﹤0.01% |
+108,300
| New | +$1.71M |
|
1974
Chord Energy
CHRD
$7.9B
| $1.72M | ﹤0.01% |
2,287,743
-1,045,150
| -31% | -$676K |
|
|
TDAY
1975
USA Today Co
TDAY
$1.27B
| $1.72M | ﹤0.01% |
1,243,216
-813,008
| -40% | -$1.07M |
|
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.