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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SIVB
476
DELISTED
SVB Financial Group
SIVB
| $109M | 0.03% |
522,579
-2,689
| -0.5% | -$564K |
|
477
Teck Resources
TECK
$29.6B
| $109M | 0.03% |
6,725,451
-607,624
| -8% | -$11.5M |
|
478
C.H. Robinson
CHRW
$17.4B
| $109M | 0.03% |
1,284,111
+31,144
| +2% | +$2.62M |
|
479
Zebra Technologies
ZBRA
$14B
| $109M | 0.03% |
527,441
+29,772
| +6% | +$6.02M |
|
480
Equity Lifestyle Properties
ELS
$12.6B
| $108M | 0.03% |
1,621,966
| – | – |
|
481
Packaging Corp of America
PKG
$21.9B
| $108M | 0.03% |
1,018,692
| – | – |
|
|
NBL
482
DELISTED
Noble Energy, Inc.
NBL
| $107M | 0.03% |
4,778,469
| – | – |
|
483
Assurant
AIZ
$13.8B
| $106M | 0.03% |
840,453
-182,522
| -18% | -$21.7M |
|
484
Liberty Broadband Class C
LBRDK
$4.88B
| $106M | 0.03% |
1,008,883
-4,640
| -0.5% | -$484K |
|
|
MRO
485
DELISTED
Marathon Oil Corporation
MRO
| $105M | 0.03% |
8,559,720
| – | – |
|
486
Wynn Resorts
WYNN
$10.3B
| $105M | 0.03% |
964,156
| – | – |
|
487
Cboe Global Markets
CBOE
$32.5B
| $105M | 0.03% |
911,758
+3,427
| +0.4% | +$397K |
|
488
Whirlpool
WHR
$2.43B
| $104M | 0.03% |
659,254
| – | – |
|
489
Pultegroup
PHM
$24.1B
| $104M | 0.03% |
2,855,451
| – | – |
|
490
AGNC Investment
AGNC
$12.4B
| $104M | 0.03% |
6,471,325
-413,405
| -6% | -$6.79M |
|
491
Henry Schein
HSIC
$9.77B
| $104M | 0.03% |
1,637,345
| – | – |
|
|
EXAS
492
DELISTED
Exact Sciences
EXAS
| $104M | 0.03% |
1,149,758
+30,849
| +3% | +$3.51M |
|
493
Lyft
LYFT
$6.02B
| $103M | 0.03% |
2,528,296
+695,678
| +38% | +$38M |
|
|
TIF
494
DELISTED
Tiffany & Co.
TIF
| $103M | 0.03% |
1,114,150
| – | – |
|
|
ETFC
495
DELISTED
E*Trade Financial Corporation
ETFC
| $103M | 0.03% |
2,360,489
| – | – |
|
496
Wheaton Precious Metals
WPM
$49.5B
| $103M | 0.03% |
3,923,320
-277,959
| -7% | -$7.48M |
|
497
Paycom
PAYC
$7.64B
| $103M | 0.03% |
491,187
+7,915
| +2% | +$1.85M |
|
498
Jack Henry & Associates
JKHY
$10.9B
| $103M | 0.03% |
703,993
+9,210
| +1% | +$1.31M |
|
499
Qiagen
QGEN
$8.54B
| $103M | 0.03% |
2,957,358
| – | – |
|
500
APA Corp
APA
$13.2B
| $103M | 0.03% |
4,010,098
+55,000
| +1% | +$1.32M |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.