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 | |
|---|---|---|---|---|---|---|
|
YALA
2001
Yalla Group
YALA
$815M
| $1.4M | ﹤0.01% |
+200,000
| New | +$1.4M |
|
|
KLRS
2002
Kalaris Therapeutics
KLRS
$99.7M
| $1.38M | ﹤0.01% |
+2,174
| New | +$1.48M |
|
|
HTT
2003
High Templar Tech Ltd
HTT
$398M
| $1.37M | ﹤0.01% |
1,106,383
| – | – |
|
2004
DXP Enterprises
DXPE
$2.61B
| $1.35M | ﹤0.01% |
+83,760
| New | +$1.55M |
|
|
MSGN
2005
DELISTED
MSG Networks Inc.
MSGN
| $1.35M | ﹤0.01% |
141,130
-631,973
| -82% | -$6.36M |
|
2006
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $1.34M | ﹤0.01% |
490,133
| – | – |
|
|
ITOS
2007
DELISTED
iTeos Therapeutics
ITOS
| $1.31M | ﹤0.01% |
+53,000
| New | +$1.43M |
|
2008
Vermilion Energy
VET
$1.61B
| $1.3M | ﹤0.01% |
555,995
-489,909
| -47% | -$1.93M |
|
2009
MacroGenics
MGNX
$248M
| $1.28M | ﹤0.01% |
+50,958
| New | +$1.39M |
|
2010
Televisa
TV
$1.44B
| $1.28M | ﹤0.01% |
207,720
| – | – |
|
2011
JFrog
FROG
$10.2B
| $1.27M | ﹤0.01% |
+15,000
| New | +$1.12M |
|
|
EVOP
2012
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $1.24M | ﹤0.01% |
50,000
| – | – |
|
2013
Atkore
ATKR
$3.16B
| $1.23M | ﹤0.01% |
+54,100
| New | +$1.47M |
|
|
ERF
2014
DELISTED
Enerplus Corporation
ERF
| $1.2M | ﹤0.01% |
657,391
-1,433,930
| -69% | -$3.59M |
|
|
VRTV
2015
DELISTED
VERITIV CORPORATION
VRTV
| $1.2M | ﹤0.01% |
95,016
| – | – |
|
|
RUTH
2016
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $1.2M | ﹤0.01% |
+108,400
| New | +$979K |
|
2017
Adecoagro
AGRO
$1.34B
| $1.2M | ﹤0.01% |
256,474
-419,161
| -62% | -$1.97M |
|
2018
Alphatec Holdings
ATEC
$1.47B
| $1.17M | ﹤0.01% |
+176,600
| New | +$996K |
|
2019
Interface
TILE
$2.04B
| $1.16M | ﹤0.01% |
189,613
-689,673
| -78% | -$5.14M |
|
2020
NN Inc
NNBR
$301M
| $1.15M | ﹤0.01% |
222,533
-129,475
| -37% | -$684K |
|
2021
Twist Bioscience
TWST
$7.16B
| $1.14M | ﹤0.01% |
15,000
| – | – |
|
2022
nLIGHT
LASR
$4.24B
| $1.12M | ﹤0.01% |
47,614
+10,864
| +30% | +$250K |
|
|
AGS
2023
DELISTED
PlayAGS
AGS
| $1.12M | ﹤0.01% |
315,272
| – | – |
|
2024
Insteel Industries
IIIN
$635M
| $1.11M | ﹤0.01% |
+59,132
| New | +$1.11M |
|
2025
Angi Inc
ANGI
$194M
| $1.1M | ﹤0.01% |
9,939
-5,996
| -38% | -$827K |
|
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.