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 |
Alibaba
BABA
|
+$836M |
| 2 |
VMRK
Vivmark Residential
VMRK
|
+$579M |
| 3 |
Equitable Holdings
EQH
|
+$351M |
| 4 |
AT&T
T
|
+$345M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$657M |
| 2 |
MON
Monsanto Co
MON
|
+$486M |
| 3 |
Apple
AAPL
|
+$230M |
| 4 |
American International
AIG
|
+$211M |
| 5 |
SL Green Realty
SLG
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.86% |
| 2 | Technology | 17.5% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Discretionary | 11.54% |
| 5 | Communication Services | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Burlington
BURL
$14.5B
| $95.2M | 0.03% |
632,631
+22,441
| +4% | +$3.19M |
|
502
Everest Group
EG
$14.5B
| $95.1M | 0.03% |
412,648
-27,477
| -6% | -$6.45M |
|
503
IPG Photonics
IPGP
$3.27B
| $94.5M | 0.03% |
428,475
+70,676
| +20% | +$16.7M |
|
504
Cboe Global Markets
CBOE
$28.2B
| $94.5M | 0.03% |
908,331
+21,361
| +2% | +$2.26M |
|
|
FL
505
DELISTED
Foot Locker
FL
| $94.4M | 0.03% |
1,792,891
-38,972
| -2% | -$1.89M |
|
506
Autoliv
ALV
$8.49B
| $94.4M | 0.03% |
914,585
+76,273
| +9% | +$8.15M |
|
507
Unum
UNM
$15B
| $94M | 0.03% |
2,542,081
| – | – |
|
508
Hormel Foods
HRL
$11.4B
| $93.9M | 0.03% |
2,524,694
+123,650
| +5% | +$4.44M |
|
509
Regency Centers
REG
$13.4B
| $93.9M | 0.03% |
1,512,792
| – | – |
|
|
510
SL Green Realty
SLG
$3.67B
| $93.8M | 0.03% |
963,645
-1,655,315
| -63% | -$156M |
|
511
Encompass Health
EHC
$12.2B
| $93.5M | 0.03% |
1,735,138
-17,589
| -1% | -$879K |
|
512
Chipotle Mexican Grill
CMG
$42.6B
| $93.3M | 0.03% |
10,809,750
+185,800
| +2% | +$1.52M |
|
513
Albemarle
ALB
$12.9B
| $92.9M | 0.03% |
984,611
+62,265
| +7% | +$5.98M |
|
514
Zions Bancorporation
ZION
$9.56B
| $92.8M | 0.03% |
1,761,916
+145,249
| +9% | +$8.02M |
|
515
SS&C Technologies
SSNC
$18.9B
| $92.6M | 0.03% |
1,785,017
+332,624
| +23% | +$16.8M |
|
|
NLSN
516
DELISTED
Nielsen Holdings plc
NLSN
| $92.6M | 0.03% |
2,994,763
+191,856
| +7% | +$6M |
|
517
American Financial Group
AFG
$11.9B
| $92.2M | 0.03% |
859,038
-10,915
| -1% | -$1.21M |
|
|
QVCGA
518
DELISTED
QVC Group Inc Series A
QVCGA
| $92.2M | 0.03% |
+89,469
| New | +$99M |
|
|
ATH
519
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $91.9M | 0.03% |
2,096,106
-25,275
| -1% | -$1.18M |
|
520
Ralph Lauren
RL
$20.2B
| $91.5M | 0.03% |
727,584
-115,690
| -14% | -$14M |
|
521
Tractor Supply
TSCO
$17.1B
| $91.2M | 0.03% |
5,963,950
| – | – |
|
522
Pentair
PNR
$9.01B
| $90.8M | 0.03% |
2,156,939
-871,145
| -29% | -$39.2M |
|
523
BioMarin Pharmaceuticals
BMRN
$12.5B
| $90.5M | 0.03% |
960,334
+44,480
| +5% | +$3.9M |
|
524
Bunge Global
BG
$22.5B
| $90M | 0.03% |
1,291,518
+8,444
| +0.7% | +$605K |
|
525
Akamai
AKAM
$15B
| $89.9M | 0.03% |
1,227,588
-22,237
| -2% | -$1.67M |
|
Similar funds
Norges Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Norges Bank held 2,219 positions worth $291B, up 5.4% from $276B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q2 2018 filing shows 75 new, 838 increased, 618 reduced and 85 closed positions. Its largest new stake was Equitable Holdings: 16,478,469 shares worth $340M. The largest sale was Time Warner Inc, an estimated $657M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2018 buy was Equitable Holdings: 16,478,469 shares worth $340M.
- Norges Bank added most to Alibaba in Q2 2018, an estimated $836M increase.
- Norges Bank's biggest Q2 2018 reduction was Apple, cutting an estimated $230M.
- Norges Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $657M.
- Norges Bank's ten largest holdings make up 16% of its $291B portfolio in Q2 2018.
- Norges Bank opened 75 new positions and closed 85 in Q2 2018.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $291B.
Based on Norges Bank's 13F filing for Q2 2018, filed 23 Jul 2018.