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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Sensata Technologies
ST
$6.74B
| $73.2M | 0.02% |
1,626,880
| – | – |
|
627
Graco
GGG
$12.9B
| $73.1M | 0.02% |
1,476,521
+23,408
| +2% | +$1.06M |
|
628
Murphy Oil
MUR
$5.7B
| $73.1M | 0.02% |
2,495,094
| – | – |
|
629
First American
FAF
$7.66B
| $73.1M | 0.02% |
1,418,523
| – | – |
|
630
Fortune Brands Innovations
FBIN
$5.88B
| $72.9M | 0.02% |
1,790,760
| – | – |
|
631
Carlisle Companies
CSL
$14.3B
| $72.7M | 0.02% |
593,096
| – | – |
|
|
BERY
632
DELISTED
Berry Global Group, Inc.
BERY
| $72.2M | 0.02% |
1,459,602
+23,234
| +2% | +$1.1M |
|
|
CIT
633
DELISTED
CIT Group Inc.
CIT
| $72.2M | 0.02% |
1,505,019
-579,913
| -28% | -$27.3M |
|
|
LPT
634
DELISTED
Liberty Property Trust
LPT
| $72.1M | 0.02% |
1,490,075
| – | – |
|
635
RingCentral
RNG
$4.66B
| $72M | 0.02% |
668,176
+22,279
| +3% | +$2.19M |
|
636
Telus
TU
$14.9B
| $71.8M | 0.02% |
3,878,914
+665,684
| +21% | +$11.8M |
|
|
BLUE
637
DELISTED
bluebird bio
BLUE
| $71.8M | 0.02% |
35,228
+1,130
| +3% | +$1.99M |
|
|
BPMC
638
DELISTED
Blueprint Medicines
BPMC
| $71.7M | 0.02% |
895,544
+103,393
| +13% | +$7.64M |
|
639
Popular Inc
BPOP
$11.2B
| $71.5M | 0.02% |
1,371,425
| – | – |
|
640
LPL Financial
LPLA
$28.3B
| $71.3M | 0.02% |
1,023,687
-163,292
| -14% | -$11.8M |
|
641
Capri Holdings
CPRI
$1.83B
| $71.2M | 0.02% |
+1,555,220
| New | +$68M |
|
|
S
642
DELISTED
Sprint Corporation
S
| $71.1M | 0.02% |
12,586,517
-1,267,807
| -9% | -$7.85M |
|
643
HubSpot
HUBS
$12.2B
| $71.1M | 0.02% |
427,670
+12,238
| +3% | +$1.94M |
|
|
MPT
644
Medical Properties Trust
MPT
$2.77B
| $71M | 0.02% |
3,836,036
+73,754
| +2% | +$1.31M |
|
645
Newell Brands
NWL
$2.38B
| $70.9M | 0.02% |
4,623,590
-541,605
| -10% | -$9.95M |
|
646
Gaming and Leisure Properties
GLPI
$12.7B
| $70.8M | 0.02% |
1,834,980
| – | – |
|
647
Factset
FDS
$9.36B
| $70.7M | 0.02% |
284,859
+36,498
| +15% | +$8.16M |
|
648
CACI
CACI
$11B
| $70.7M | 0.02% |
388,487
-6,404
| -2% | -$1.09M |
|
649
Raymond James Financial
RJF
$33.8B
| $70.5M | 0.02% |
1,315,848
+51,702
| +4% | +$2.77M |
|
|
SEE
650
DELISTED
Sealed Air
SEE
| $70.5M | 0.02% |
1,530,162
| – | – |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.