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 | |
|---|---|---|---|---|---|---|
676
Ingredion
INGR
$6.33B
| $66.7M | 0.02% |
635,150
| – | – |
|
|
RP
677
DELISTED
RealPage, Inc.
RP
| $66.6M | 0.02% |
1,010,572
-50,892
| -5% | -$3.04M |
|
678
Agnico Eagle Mines
AEM
$76.3B
| $66.3M | 0.02% |
1,942,204
+6,468
| +0.3% | +$252K |
|
679
Gildan
GIL
$9.72B
| $66.3M | 0.02% |
2,179,049
-251,067
| -10% | -$7.29M |
|
680
Flex
FLEX
$41B
| $66.2M | 0.02% |
6,696,751
-350,552
| -5% | -$3.67M |
|
681
Blackbaud
BLKB
$1.82B
| $66.1M | 0.02% |
651,708
-41,364
| -6% | -$4.32M |
|
682
Helmerich & Payne
HP
$3.37B
| $65.6M | 0.02% |
954,607
| – | – |
|
683
Molson Coors Class B
TAP
$7.79B
| $65.5M | 0.02% |
1,064,609
-135,143
| -11% | -$8.94M |
|
684
Owens Corning
OC
$11.2B
| $65.4M | 0.02% |
1,204,898
| – | – |
|
685
Applied Industrial Technologies
AIT
$12.6B
| $65.4M | 0.02% |
835,157
| – | – |
|
686
Chemours
CC
$2.57B
| $65.2M | 0.02% |
1,652,151
+25,100
| +2% | +$1.1M |
|
687
Carter's
CRI
$1.39B
| $65.1M | 0.02% |
660,257
-26,009
| -4% | -$2.75M |
|
|
LSXMK
688
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $64.9M | 0.02% |
1,962,300
| – | – |
|
689
Allison Transmission
ALSN
$9.57B
| $64.8M | 0.02% |
1,245,620
| – | – |
|
690
MarketAxess Holdings
MKTX
$5.73B
| $64.6M | 0.02% |
361,913
+25,967
| +8% | +$4.99M |
|
691
Assured Guaranty
AGO
$3.73B
| $64.5M | 0.02% |
1,526,265
| – | – |
|
692
Affiliated Managers Group
AMG
$9.65B
| $64.4M | 0.02% |
471,381
+112,378
| +31% | +$16.6M |
|
693
Kemper
KMPR
$1.71B
| $64.3M | 0.02% |
798,653
+188,292
| +31% | +$14.8M |
|
|
OPLN
694
Openlane
OPLN
$4.29B
| $64.2M | 0.02% |
2,839,569
+223,334
| +9% | +$5.16M |
|
695
American Eagle Outfitters
AEO
$2.9B
| $64M | 0.02% |
2,576,415
| – | – |
|
696
Camden Property Trust
CPT
$11.2B
| $63.8M | 0.02% |
682,330
| – | – |
|
|
PRAH
697
DELISTED
PRA Health Sciences, Inc.
PRAH
| $63.8M | 0.02% |
578,816
+37,779
| +7% | +$3.93M |
|
698
Rayonier
RYN
$6.43B
| $63.5M | 0.02% |
2,069,947
| – | – |
|
699
Mueller Water Products
MWA
$3.9B
| $63.5M | 0.02% |
5,514,414
-357,457
| -6% | -$4.23M |
|
700
Gaming and Leisure Properties
GLPI
$12.7B
| $63.4M | 0.02% |
1,798,801
| – | – |
|
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.