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 | |
|---|---|---|---|---|---|---|
751
Travel + Leisure Co
TNL
$4.63B
| $58.4M | 0.02% |
1,347,057
+123,959
| +10% | +$5.5M |
|
752
Teradata
TDC
$2.9B
| $58.2M | 0.02% |
1,543,691
| – | – |
|
|
DLPH
753
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $58.1M | 0.02% |
1,852,905
+18,567
| +1% | +$735K |
|
|
X
754
DELISTED
US Steel
X
| $58M | 0.02% |
1,904,113
| – | – |
|
755
United Therapeutics
UTHR
$25.9B
| $58M | 0.02% |
453,761
| – | – |
|
756
Protolabs
PRLB
$1.77B
| $58M | 0.02% |
358,698
| – | – |
|
|
WPX
757
DELISTED
WPX Energy, Inc.
WPX
| $58M | 0.02% |
2,883,306
| – | – |
|
758
HubSpot
HUBS
$12B
| $58M | 0.02% |
384,261
+7,465
| +2% | +$1.03M |
|
|
HBI
759
DELISTED
Hanesbrands
HBI
| $57.9M | 0.02% |
3,143,626
-55,248
| -2% | -$1.07M |
|
760
Dentsply Sirona
XRAY
$2.67B
| $57.8M | 0.02% |
1,530,322
-478,152
| -24% | -$19.9M |
|
761
RingCentral
RNG
$4.59B
| $57.7M | 0.02% |
620,387
| – | – |
|
762
ZTO Express
ZTO
$18.3B
| $57.7M | 0.02% |
3,479,634
| – | – |
|
763
Globus Medical
GMED
$10.7B
| $57.5M | 0.02% |
1,012,935
| – | – |
|
764
Service Corp International
SCI
$11.7B
| $57.4M | 0.02% |
1,299,078
| – | – |
|
765
TripAdvisor
TRIP
$1.65B
| $57.4M | 0.02% |
1,124,225
+323,795
| +40% | +$17.7M |
|
766
Old Republic International
ORI
$10.5B
| $57.3M | 0.02% |
2,558,417
-398,648
| -13% | -$8.6M |
|
767
Sonoco
SON
$5.52B
| $57M | 0.02% |
1,026,401
+48,579
| +5% | +$2.7M |
|
|
TSE
768
DELISTED
Trinseo
TSE
| $56.9M | 0.02% |
726,971
| – | – |
|
769
CNO Financial Group
CNO
$5.21B
| $56.7M | 0.02% |
2,673,347
-60,737
| -2% | -$1.27M |
|
770
OneMain Financial
OMF
$7.22B
| $56.5M | 0.02% |
1,682,253
| – | – |
|
771
Nutanix
NTNX
$15.9B
| $56.3M | 0.02% |
1,318,870
+18,604
| +1% | +$982K |
|
772
Regal Rexnord
RRX
$13.7B
| $56.3M | 0.02% |
683,292
-12,026
| -2% | -$999K |
|
773
EnerSys
ENS
$6.79B
| $56.2M | 0.02% |
645,424
-16,678
| -3% | -$1.34M |
|
|
CCMP
774
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $56.1M | 0.02% |
543,454
| – | – |
|
775
MDU Resources
MDU
$4.18B
| $56M | 0.02% |
5,734,619
+252,661
| +5% | +$2.7M |
|
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.