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 | |
|---|---|---|---|---|---|---|
|
OPTU
651
Optimum Communications Inc
OPTU
$385M
| $67.4M | 0.02% |
3,949,572
+2,557,046
| +184% | +$47.2M |
|
652
First Solar
FSLR
$20.5B
| $67.3M | 0.02% |
1,277,850
+513,164
| +67% | +$33.6M |
|
653
Nutanix
NTNX
$18.6B
| $67.1M | 0.02% |
1,300,266
+199,437
| +18% | +$11M |
|
|
KL
654
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $66.9M | 0.02% |
3,161,720
-188,912
| -6% | -$3.46M |
|
655
Harley-Davidson
HOG
$2.79B
| $66.8M | 0.02% |
1,588,307
| – | – |
|
|
DATA
656
DELISTED
Tableau Software, Inc.
DATA
| $66.8M | 0.02% |
683,555
-76,560
| -10% | -$7.02M |
|
657
MarketAxess Holdings
MKTX
$5.75B
| $66.5M | 0.02% |
335,946
+9,992
| +3% | +$2.07M |
|
658
EPAM Systems
EPAM
$6.04B
| $66.2M | 0.02% |
532,262
-15,778
| -3% | -$1.9M |
|
|
X
659
DELISTED
US Steel
X
| $66.2M | 0.02% |
1,904,113
+30,783
| +2% | +$1.1M |
|
660
AerCap
AER
$22.4B
| $66.1M | 0.02% |
1,221,375
+57,989
| +5% | +$3.12M |
|
|
LPT
661
DELISTED
Liberty Property Trust
LPT
| $66.1M | 0.02% |
1,490,075
| – | – |
|
662
Graco
GGG
$12.4B
| $65.7M | 0.02% |
1,453,113
| – | – |
|
663
Allegion
ALLE
$13B
| $65.5M | 0.02% |
846,932
| – | – |
|
664
JB Hunt Transport Services
JBHT
$22.2B
| $65.5M | 0.02% |
538,634
-33,579
| -6% | -$4.11M |
|
|
HRC
665
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $65.4M | 0.02% |
749,117
| – | – |
|
666
Equity Lifestyle Properties
ELS
$11.8B
| $65.1M | 0.02% |
1,415,930
| – | – |
|
|
GRA
667
DELISTED
W.R. Grace & Co.
GRA
| $65M | 0.02% |
886,097
-288,471
| -25% | -$20.2M |
|
|
BLUE
668
DELISTED
bluebird bio
BLUE
| $64.9M | 0.02% |
31,943
-2,886
| -8% | -$6.58M |
|
669
Louisiana-Pacific
LPX
$4.57B
| $64.8M | 0.02% |
2,380,885
| – | – |
|
|
AZPN
670
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $64.7M | 0.02% |
697,484
-107,873
| -13% | -$10M |
|
671
Zurn Elkay Water Solutions
ZWS
$7.61B
| $64.6M | 0.02% |
4,616,619
+2,497,853
| +118% | +$35.3M |
|
672
Popular Inc
BPOP
$10.3B
| $64.5M | 0.02% |
1,427,560
-37,822
| -3% | -$1.73M |
|
|
VR
673
DELISTED
Validus Hold Ltd
VR
| $64.5M | 0.02% |
953,892
| – | – |
|
674
Gaming and Leisure Properties
GLPI
$11.7B
| $64.4M | 0.02% |
1,798,801
+104,938
| +6% | +$3.64M |
|
675
Reliance Steel & Aluminium
RS
$20.1B
| $64.2M | 0.02% |
733,616
| – | – |
|
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.