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
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
UGI
UGI
$7.74B
| $68.8M | 0.02% |
1,548,958
-33,932
| -2% | -$1.52M |
|
627
Chipotle Mexican Grill
CMG
$47.2B
| $68.7M | 0.02% |
10,623,950
+1,600,000
| +18% | +$10.1M |
|
628
Blackbaud
BLKB
$1.94B
| $68.5M | 0.02% |
673,222
+55,064
| +9% | +$5.49M |
|
|
WBC
629
DELISTED
WABCO HOLDINGS INC.
WBC
| $68.5M | 0.02% |
511,811
+111,516
| +28% | +$16.2M |
|
630
Louisiana-Pacific
LPX
$5.06B
| $68.5M | 0.02% |
2,380,885
| – | – |
|
|
FLIR
631
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $68.3M | 0.02% |
1,365,780
| – | – |
|
632
Harley-Davidson
HOG
$2.58B
| $68.1M | 0.02% |
1,588,307
-97,224
| -6% | -$4.65M |
|
633
Carlisle Companies
CSL
$14.3B
| $67.9M | 0.02% |
650,578
-41,300
| -6% | -$4.53M |
|
|
SINA
634
DELISTED
Sina Corp
SINA
| $67.8M | 0.02% |
649,853
| – | – |
|
635
FMC
FMC
$1.34B
| $67.7M | 0.02% |
1,019,826
-46,519
| -4% | -$3.47M |
|
636
Extra Space Storage
EXR
$31.3B
| $67.3M | 0.02% |
770,716
| – | – |
|
637
Teradata
TDC
$2.92B
| $67.3M | 0.02% |
1,695,842
-221,800
| -12% | -$8.74M |
|
638
Huntsman Corp
HUN
$1.71B
| $67.3M | 0.02% |
2,299,204
-283,482
| -11% | -$9.28M |
|
639
JB Hunt Transport Services
JBHT
$25.5B
| $67M | 0.02% |
572,213
-81,029
| -12% | -$9.69M |
|
640
Gentex
GNTX
$4.97B
| $66.9M | 0.02% |
2,904,144
+74,749
| +3% | +$1.7M |
|
641
Xerox
XRX
$387M
| $66.8M | 0.02% |
2,320,666
-357,499
| -13% | -$11M |
|
642
Graco
GGG
$12.9B
| $66.4M | 0.02% |
1,453,113
+34,200
| +2% | +$1.56M |
|
643
Rayonier
RYN
$6.55B
| $66.1M | 0.02% |
2,069,947
+732,981
| +55% | +$22.3M |
|
|
X
644
DELISTED
US Steel
X
| $65.9M | 0.02% |
1,873,330
-73,953
| -4% | -$2.91M |
|
645
W.R. Berkley
WRB
$26.9B
| $65.7M | 0.02% |
3,049,451
-960,380
| -24% | -$20M |
|
646
Emcor
EME
$35.2B
| $65.6M | 0.02% |
842,324
| – | – |
|
647
Acuity Brands
AYI
$9.83B
| $65.5M | 0.02% |
470,721
+59,276
| +14% | +$9.12M |
|
648
Nordson
NDSN
$16.6B
| $65.5M | 0.02% |
480,165
-12,285
| -2% | -$1.74M |
|
649
Jones Lang LaSalle
JLL
$16.3B
| $65.4M | 0.02% |
374,758
| – | – |
|
650
Oshkosh
OSK
$8.79B
| $65.4M | 0.02% |
846,941
-86,410
| -9% | -$7.36M |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.