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 | |
|---|---|---|---|---|---|---|
|
S
626
DELISTED
Sprint Corporation
S
| $76.9M | 0.02% |
12,470,997
-288,600
| -2% | -$1.99M |
|
627
Watsco Inc
WSO
$12.7B
| $76.9M | 0.02% |
454,792
| – | – |
|
628
Zions Bancorporation
ZION
$10.2B
| $76.9M | 0.02% |
1,727,460
-34,456
| -2% | -$1.49M |
|
|
TCF
629
DELISTED
TCF Financial Corporation Common Stock
TCF
| $76.9M | 0.02% |
2,019,941
+1,263,633
| +167% | +$50.3M |
|
630
Tapestry
TPR
$30.8B
| $76.9M | 0.02% |
2,950,129
| – | – |
|
631
Chemed
CHE
$7.07B
| $76.5M | 0.02% |
183,289
| – | – |
|
|
COR
632
DELISTED
Coresite Realty Corporation
COR
| $76.5M | 0.02% |
627,690
+78,084
| +14% | +$8.94M |
|
633
FMC
FMC
$1.34B
| $76.2M | 0.02% |
869,452
-19,906
| -2% | -$1.71M |
|
634
Toro Company
TTC
$8.75B
| $76.1M | 0.02% |
1,038,114
| – | – |
|
635
Nexstar Media Group
NXST
$5.82B
| $76M | 0.02% |
742,933
+16,407
| +2% | +$1.66M |
|
636
RingCentral
RNG
$4.66B
| $75.8M | 0.02% |
603,499
| – | – |
|
637
Old Republic International
ORI
$10.5B
| $75.8M | 0.02% |
3,217,158
| – | – |
|
638
Mohawk Industries
MHK
$7.5B
| $75.8M | 0.02% |
610,693
+22,298
| +4% | +$2.86M |
|
639
Jones Lang LaSalle
JLL
$16.3B
| $75.8M | 0.02% |
544,806
+75,762
| +16% | +$10.5M |
|
640
Royal Gold
RGLD
$16.8B
| $75.7M | 0.02% |
613,989
-10,415
| -2% | -$1.27M |
|
641
Williams-Sonoma
WSM
$26.9B
| $75.6M | 0.02% |
2,223,298
| – | – |
|
|
AABA
642
DELISTED
Altaba Inc
AABA
| $75.5M | 0.02% |
3,875,525
-473,308
| -11% | -$31.3M |
|
643
Gaming and Leisure Properties
GLPI
$12.7B
| $75.4M | 0.02% |
1,972,817
+50,000
| +3% | +$1.92M |
|
|
HRC
644
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $75.4M | 0.02% |
716,438
| – | – |
|
|
CONE
645
DELISTED
CyrusOne Inc Common Stock
CONE
| $75.1M | 0.02% |
949,478
-94,208
| -9% | -$6.29M |
|
646
Bausch Health
BHC
$2.58B
| $74.8M | 0.02% |
3,424,703
| – | – |
|
647
RPM International
RPM
$13.7B
| $74.7M | 0.02% |
1,085,790
-38,360
| -3% | -$2.54M |
|
648
iRhythm Holdings
IRTC
$3.85B
| $74.4M | 0.02% |
1,004,044
+48,046
| +5% | +$3.72M |
|
|
I
649
DELISTED
INTELSAT S. A.
I
| $74.2M | 0.02% |
3,253,770
-275,684
| -8% | -$5.82M |
|
650
Generac Holdings
GNRC
$11.6B
| $74.2M | 0.02% |
946,678
+206,332
| +28% | +$15.5M |
|
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.