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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
Chemours
CC
$2.5B
| $59.5M | 0.02% |
1,600,459
-51,692
| -3% | -$1.88M |
|
752
Rayonier
RYN
$6.55B
| $59.2M | 0.02% |
2,069,947
| – | – |
|
|
PFPT
753
DELISTED
Proofpoint, Inc.
PFPT
| $59.1M | 0.02% |
486,431
+11,071
| +2% | +$1.21M |
|
|
NVRO
754
DELISTED
NEVRO CORP.
NVRO
| $59M | 0.02% |
943,051
| – | – |
|
755
Middleby
MIDD
$6.04B
| $58.9M | 0.02% |
453,037
| – | – |
|
756
Twilio
TWLO
$30B
| $58.9M | 0.02% |
455,908
-23,550
| -5% | -$2.65M |
|
757
Dick's Sporting Goods
DKS
$17.5B
| $58.7M | 0.02% |
1,595,000
| – | – |
|
758
Douglas Emmett
DEI
$1.98B
| $58.7M | 0.02% |
1,451,733
| – | – |
|
759
MKS Inc
MKSI
$20.1B
| $58.7M | 0.02% |
630,568
| – | – |
|
760
Chemed
CHE
$7.07B
| $58.7M | 0.02% |
183,289
+28,326
| +18% | +$8.7M |
|
761
iRhythm Holdings
IRTC
$3.85B
| $58.7M | 0.02% |
782,549
+114,495
| +17% | +$9.79M |
|
762
Coty
COTY
$2.42B
| $58.6M | 0.02% |
5,099,132
-498,476
| -9% | -$4.71M |
|
763
Toll Brothers
TOL
$13.6B
| $58.6M | 0.02% |
1,619,240
-53,764
| -3% | -$1.93M |
|
|
CLR
764
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $58.6M | 0.02% |
1,309,297
| – | – |
|
|
MOMO
765
Hello Group
MOMO
$885M
| $58.5M | 0.02% |
1,529,587
+322,608
| +27% | +$10.3M |
|
766
Methanex
MEOH
$4.3B
| $58.5M | 0.02% |
1,029,032
| – | – |
|
767
United Therapeutics
UTHR
$25.8B
| $58.5M | 0.02% |
498,010
| – | – |
|
|
NUVA
768
DELISTED
NuVasive, Inc.
NUVA
| $58.4M | 0.02% |
1,028,973
| – | – |
|
769
Planet Fitness
PLNT
$4.42B
| $58.4M | 0.02% |
849,345
+52,102
| +7% | +$3.16M |
|
|
ARRS
770
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $58.1M | 0.02% |
1,837,374
| – | – |
|
771
Louisiana-Pacific
LPX
$5.06B
| $58M | 0.02% |
2,380,885
| – | – |
|
772
Allison Transmission
ALSN
$9.5B
| $58M | 0.02% |
1,291,133
+22,241
| +2% | +$1.06M |
|
773
AerCap
AER
$23.7B
| $58M | 0.02% |
1,245,290
+22,104
| +2% | +$998K |
|
|
SGEN
774
DELISTED
Seagen Inc. Common Stock
SGEN
| $58M | 0.02% |
791,289
+13,278
| +2% | +$945K |
|
|
CY
775
DELISTED
Cypress Semiconductor
CY
| $57.6M | 0.02% |
3,858,331
+82,508
| +2% | +$1.2M |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.