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 |
Meta Platforms (Facebook)
META
|
+$203M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$196M |
| 3 |
AT&T
T
|
+$174M |
| 4 |
NIO
NIO
|
+$163M |
| 5 |
T-Mobile US
TMUS
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GGP
GGP Inc.
GGP
|
+$606M |
| 2 |
Wells Fargo
WFC
|
+$206M |
| 3 |
Oracle
ORCL
|
+$200M |
| 4 |
UBS Group
UBS
|
+$185M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.96% |
| 2 | Financials | 17.19% |
| 3 | Healthcare | 13.99% |
| 4 | Consumer Discretionary | 11.37% |
| 5 | Communication Services | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Insulet
PODD
$11.5B
| $70.3M | 0.02% |
663,920
+11,590
| +2% | +$1.09M |
|
652
Popular Inc
BPOP
$11.2B
| $70.3M | 0.02% |
1,371,425
-56,135
| -4% | -$2.8M |
|
653
Equity Lifestyle Properties
ELS
$12.7B
| $70.3M | 0.02% |
1,457,358
+41,428
| +3% | +$1.94M |
|
654
W.R. Berkley
WRB
$27.2B
| $70.1M | 0.02% |
2,959,561
| – | – |
|
|
SJR
655
DELISTED
Shaw Communications Inc.
SJR
| $70M | 0.02% |
3,593,124
| – | – |
|
|
CTLT
656
DELISTED
CATALENT, INC.
CTLT
| $69.8M | 0.02% |
1,531,985
+43,171
| +3% | +$1.82M |
|
657
Snap-on
SNA
$21.2B
| $69.7M | 0.02% |
379,783
| – | – |
|
658
RPM International
RPM
$13.8B
| $69.5M | 0.02% |
1,069,848
| – | – |
|
|
DISH
659
DELISTED
DISH Network Corp.
DISH
| $69.4M | 0.02% |
1,941,804
+1,688,915
| +668% | +$58M |
|
660
Charles River Laboratories
CRL
$11.3B
| $69.3M | 0.02% |
515,152
| – | – |
|
661
Hasbro
HAS
$13.4B
| $69.3M | 0.02% |
659,284
| – | – |
|
662
AerCap
AER
$24B
| $69.2M | 0.02% |
1,203,636
-17,739
| -1% | -$1M |
|
|
SVC
663
Service Properties Trust
SVC
$1.04B
| $69.1M | 0.02% |
479,503
| – | – |
|
|
ULTI
664
DELISTED
Ultimate Software Group Inc
ULTI
| $68.9M | 0.02% |
213,742
+19,863
| +10% | +$5.88M |
|
665
Nu Skin
NUS
$254M
| $68.6M | 0.02% |
831,866
+23,698
| +3% | +$1.88M |
|
666
Nordson
NDSN
$16.4B
| $68.5M | 0.02% |
493,133
+7,372
| +2% | +$1M |
|
|
FTCH
667
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $68.1M | 0.02% |
+2,500,000
| New | +$70.8M |
|
|
NFX
668
DELISTED
Newfield Exploration
NFX
| $68M | 0.02% |
2,358,086
| – | – |
|
|
CMD
669
DELISTED
Cantel Medical Corporation
CMD
| $67.9M | 0.02% |
737,787
+21,025
| +3% | +$2M |
|
670
Teledyne Technologies
TDY
$30.1B
| $67.7M | 0.02% |
274,577
| – | – |
|
|
AMED
671
DELISTED
Amedisys
AMED
| $67.6M | 0.02% |
541,311
| – | – |
|
|
IDTI
672
DELISTED
Integrated Device Technology I
IDTI
| $67.6M | 0.02% |
1,438,597
| – | – |
|
673
Iron Mountain
IRM
$37.1B
| $67.5M | 0.02% |
1,954,475
-580,314
| -23% | -$20.7M |
|
674
Graco
GGG
$13B
| $67.3M | 0.02% |
1,453,113
| – | – |
|
675
East-West Bancorp
EWBC
$17.9B
| $66.8M | 0.02% |
1,106,754
| – | – |
|
Similar funds
Norges Bank's Q3 2018 Portfolio in Review
As of Q3 2018, Norges Bank held 2,209 positions worth $308B, up 5.7% from $291B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2018 filing shows 74 new, 715 increased, 609 reduced and 67 closed positions. Its largest new stake was NIO: 19,750,000 shares worth $138M. The largest sale was GGP Inc., an estimated $606M.
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 Q3 2018 buy was NIO: 19,750,000 shares worth $138M.
- Norges Bank added most to Meta Platforms (Facebook) in Q3 2018, an estimated $203M increase.
- Norges Bank's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $206M.
- Norges Bank fully exited GGP Inc. in Q3 2018, selling an estimated $606M.
- Norges Bank's ten largest holdings make up 17% of its $308B portfolio in Q3 2018.
- Norges Bank opened 74 new positions and closed 67 in Q3 2018.
- Norges Bank's portfolio value rose 5.7% quarter-over-quarter to $308B.
Based on Norges Bank's 13F filing for Q3 2018, filed 9 Nov 2018.