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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.03%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$308B
AUM Growth
+$16.6B
Cap. Flow
+$44.1M
Cap. Flow %
0.01%
Top 10 Hldgs %
17.3%
Holding
2,209
New
74
Increased
715
Reduced
609
Closed
67

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$203M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$196M
3
T icon
AT&T
T
+$174M
4
NIO icon
NIO
NIO
+$163M
5
TMUS icon
T-Mobile US
TMUS
+$130M

Top Sells

Rank Stock Value
1
GGP
GGP Inc.
GGP
+$606M
2
WFC icon
Wells Fargo
WFC
+$206M
3
ORCL icon
Oracle
ORCL
+$200M
4
UBS icon
UBS Group
UBS
+$185M
5
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$154M

Sector Composition

Rank Sector Weight
1 Technology 17.96%
2 Financials 17.19%
3 Healthcare 13.99%
4 Consumer Discretionary 11.37%
5 Communication Services 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XYZ
251
Block Inc
XYZ
$48.9B
$234M 0.08%
2,366,375
+545,555
+30% +$42.1M
INXN
252
DELISTED
Interxion Holding N.V.
INXN
$233M 0.08%
3,457,710
-405,294
-10% -$26.3M
LKQ icon
253
LKQ Corp
LKQ
$6.72B
$231M 0.08%
7,297,392
+775,000
+12% +$25.8M
RHT
254
DELISTED
Red Hat Inc
RHT
$231M 0.08%
1,694,849
-30,783
-2% -$4.4M
GIS icon
255
General Mills
GIS
$20.2B
$230M 0.07%
5,352,009
– –
ED icon
256
Consolidated Edison
ED
$41.4B
$226M 0.07%
2,967,535
– –
AWK icon
257
American Water Works
AWK
$27B
$223M 0.07%
2,536,226
-285,210
-10% -$25.1M
VTRS icon
258
Viatris
VTRS
$20.8B
$223M 0.07%
6,090,096
-53,748
-0.9% -$2.02M
ANDV
259
DELISTED
Andeavor
ANDV
$222M 0.07%
1,445,335
-79,452
-5% -$11.7M
SHPG
260
DELISTED
Shire pic
SHPG
$221M 0.07%
1,221,586
+337,935
+38% +$58.5M
DELL icon
261
Dell
DELL
$239B
$221M 0.07%
8,102,728
-2,273,232
-22% -$60.7M
RSG icon
262
Republic Services
RSG
$67.4B
$220M 0.07%
3,024,004
-311,743
-9% -$22.6M
PARA
263
DELISTED
Paramount Global Class B
PARA
$219M 0.07%
3,820,624
+656,666
+21% +$36.2M
SYF icon
264
Synchrony
SYF
$24.4B
$219M 0.07%
7,041,480
+71,572
+1% +$2.28M
JD icon
265
JD.com
JD
$43.5B
$219M 0.07%
8,385,402
+181,000
+2% +$5.93M
JCI icon
266
Johnson Controls International
JCI
$85.1B
$218M 0.07%
6,214,548
-597,710
-9% -$22M
RACE icon
267
Ferrari
RACE
$67.8B
$216M 0.07%
1,569,510
+372,774
+31% +$49.1M
TSLA icon
268
Tesla
TSLA
$1.18T
$216M 0.07%
12,212,895
+1,330,260
+12% +$27.7M
PGRE
269
DELISTED
Paramount Group
PGRE
$215M 0.07%
14,223,196
– –
BBY icon
270
Best Buy
BBY
$19B
$214M 0.07%
2,701,639
-216,637
-7% -$16.8M
TEVA icon
271
Teva Pharmaceuticals
TEVA
$40.4B
$214M 0.07%
9,929,640
-265,835
-3% -$6.17M
MOS icon
272
The Mosaic Company
MOS
$7.19B
$213M 0.07%
6,548,760
-4,496,878
-41% -$135M
A icon
273
Agilent Technologies
A
$39.6B
$212M 0.07%
3,004,157
– –
DFS
274
DELISTED
Discover Financial Services
DFS
$211M 0.07%
2,756,202
-645,315
-19% -$48.6M
WELL icon
275
Welltower
WELL
$174B
$209M 0.07%
3,251,854
-56,320
-2% -$3.64M
9 10
11
12 13

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Norges Bank's Q3 2018 Portfolio in Review

As of Q3 2018, Norges Bank held 2,209 positions worth $308B, up 5.7% from $291B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Norges Bank's Q3 2018 filing shows 74 new, 715 increased, 609 reduced and 67 closed positions. Its largest new stake was NIO: 19,750,000 shares worth $138M. The largest sale was GGP Inc., an estimated $606M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.

  • Norges Bank's largest Q3 2018 buy was NIO: 19,750,000 shares worth $138M.
  • Norges Bank added most to Meta Platforms (Facebook) in Q3 2018, an estimated $203M increase.
  • Norges Bank's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $206M.
  • Norges Bank fully exited GGP Inc. in Q3 2018, selling an estimated $606M.
  • Norges Bank's ten largest holdings make up 17% of its $308B portfolio in Q3 2018.
  • Norges Bank opened 74 new positions and closed 67 in Q3 2018.
  • Norges Bank's portfolio value rose 5.7% quarter-over-quarter to $308B.

Based on Norges Bank's 13F filing for Q3 2018, filed 9 Nov 2018.