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 | |
|---|---|---|---|---|---|---|
|
TPCO
1976
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $1.71M | ﹤0.01% |
+170,940
| New | +$1.53M |
|
1977
Fastly Inc
FSLY
$3.55B
| $1.7M | ﹤0.01% |
20,000
-284,900
| -93% | -$11.2M |
|
1978
KRONOS Worldwide
KRO
$693M
| $1.7M | ﹤0.01% |
+163,382
| New | +$1.53M |
|
1979
NN Inc
NNBR
$255M
| $1.67M | ﹤0.01% |
352,008
| – | – |
|
1980
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $1.67M | ﹤0.01% |
490,133
| – | – |
|
1981
Afya
AFYA
$1.31B
| $1.64M | ﹤0.01% |
70,000
+45,000
| +180% | +$924K |
|
|
VRTV
1982
DELISTED
VERITIV CORPORATION
VRTV
| $1.61M | ﹤0.01% |
95,016
| – | – |
|
1983
Allot
ALLT
$372M
| $1.59M | ﹤0.01% |
151,194
| – | – |
|
1984
Expro Ltd
XPRO
$1.79B
| $1.59M | ﹤0.01% |
119,034
-74,796
| -39% | -$1.01M |
|
|
RPTX
1985
DELISTED
Repare Therapeutics
RPTX
| $1.55M | ﹤0.01% |
+50,000
| New | +$1.61M |
|
|
CBIO
1986
Crescent Biopharma
CBIO
$537M
| $1.52M | ﹤0.01% |
+4,056
| New | +$1.15M |
|
1987
Revolution Medicines
RVMD
$39.9B
| $1.52M | ﹤0.01% |
48,245
-21,755
| -31% | -$684K |
|
1988
Radcom
RDCM
$171M
| $1.52M | ﹤0.01% |
186,401
| – | – |
|
|
AMAG
1989
DELISTED
AMAG Pharmaceuticals
AMAG
| $1.51M | ﹤0.01% |
197,716
| – | – |
|
1990
Regis Corp
RGS
$68.4M
| $1.41M | ﹤0.01% |
8,631
| – | – |
|
1991
Precigen
PGEN
$2.24B
| $1.36M | ﹤0.01% |
272,201
-35,619
| -12% | -$121K |
|
1992
WisdomTree
WT
$2.96B
| $1.35M | ﹤0.01% |
389,538
| – | – |
|
1993
Boot Barn
BOOT
$4.51B
| $1.27M | ﹤0.01% |
59,156
-140,499
| -70% | -$2.75M |
|
1994
MBIA
MBI
$261M
| $1.26M | ﹤0.01% |
174,326
+29,444
| +20% | +$214K |
|
|
TRVG
1995
trivago
TRVG
$373M
| $1.26M | ﹤0.01% |
128,160
| – | – |
|
|
RVI
1996
DELISTED
Retail Value Inc. Common Shares
RVI
| $1.21M | ﹤0.01% |
1,069,548
+688,919
| +181% | +$780K |
|
1997
Quanex
NX
$819M
| $1.21M | ﹤0.01% |
86,984
-161,687
| -65% | -$1.93M |
|
|
VTLE
1998
DELISTED
Vital Energy
VTLE
| $1.18M | ﹤0.01% |
84,914
-49,141
| -37% | -$768K |
|
1999
UroGen Pharma
URGN
$1.86B
| $1.18M | ﹤0.01% |
+45,000
| New | +$1.1M |
|
|
PR
2000
Permian Resources
PR
$17.8B
| $1.17M | ﹤0.01% |
1,310,962
| – | – |
|
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.