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 | |
|---|---|---|---|---|---|---|
|
SEE
726
DELISTED
Sealed Air
SEE
| $63.5M | 0.02% |
1,530,162
| – | – |
|
727
AerCap
AER
$23.7B
| $63.4M | 0.02% |
1,158,081
-87,209
| -7% | -$4.6M |
|
728
Armstrong World Industries
AWI
$7.38B
| $63.4M | 0.02% |
655,347
-22,305
| -3% | -$2.15M |
|
729
Petrobras
PBR
$125B
| $63.3M | 0.02% |
4,377,390
| – | – |
|
|
PFPT
730
DELISTED
Proofpoint, Inc.
PFPT
| $63.3M | 0.02% |
490,288
| – | – |
|
731
Lamar Advertising Co
LAMR
$16.2B
| $63.1M | 0.02% |
770,758
+7,069
| +0.9% | +$558K |
|
|
GRFS
732
Grifois
GRFS
$5.36B
| $63M | 0.02% |
3,145,298
| – | – |
|
733
Insperity
NSP
$1.93B
| $62.6M | 0.02% |
634,795
-5,206
| -0.8% | -$565K |
|
734
Trade Desk
TTD
$8.48B
| $62.4M | 0.02% |
3,325,020
+124,280
| +4% | +$2.96M |
|
|
WBC
735
DELISTED
WABCO HOLDINGS INC.
WBC
| $62.3M | 0.02% |
465,754
| – | – |
|
736
Littelfuse
LFUS
$11.2B
| $62.3M | 0.02% |
351,321
+54,958
| +19% | +$9.3M |
|
737
Starwood Property Trust
STWD
$5.92B
| $62.2M | 0.02% |
2,569,889
| – | – |
|
738
Bread Financial
BFH
$4.37B
| $62.2M | 0.02% |
608,316
| – | – |
|
739
Douglas Emmett
DEI
$1.98B
| $62.2M | 0.02% |
1,451,733
| – | – |
|
740
Ovintiv
OVV
$17.3B
| $62.1M | 0.02% |
2,704,114
-384,764
| -12% | -$8.81M |
|
741
American Homes 4 Rent
AMH
$12B
| $62M | 0.02% |
2,395,679
-19,786
| -0.8% | -$496K |
|
742
Sonoco
SON
$5.57B
| $61.9M | 0.02% |
1,064,192
| – | – |
|
|
GAP
743
The Gap Inc
GAP
$7.23B
| $61.9M | 0.02% |
3,566,685
+370,002
| +12% | +$6.57M |
|
744
FirstCash
FCFS
$8.85B
| $61.9M | 0.02% |
675,052
| – | – |
|
|
LSXMK
745
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $61.8M | 0.02% |
1,934,165
| – | – |
|
746
Huntsman Corp
HUN
$1.71B
| $61.6M | 0.02% |
2,649,656
| – | – |
|
|
ZEN
747
DELISTED
ZENDESK INC
ZEN
| $61.5M | 0.02% |
844,526
-3,898
| -0.5% | -$321K |
|
748
Rithm Capital
RITM
$5.52B
| $61.5M | 0.02% |
3,922,618
| – | – |
|
|
ZAYO
749
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $61.5M | 0.02% |
1,814,170
| – | – |
|
750
Sinclair Inc
SBGI
$992M
| $61.1M | 0.02% |
1,430,614
| – | – |
|
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.