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 | |
|---|---|---|---|---|---|---|
|
PRAH
751
DELISTED
PRA Health Sciences, Inc.
PRAH
| $61.1M | 0.02% |
615,696
+56,738
| +10% | +$5.63M |
|
|
PCH
752
DELISTED
PotlatchDeltic
PCH
| $61M | 0.02% |
1,485,266
| – | – |
|
753
Dick's Sporting Goods
DKS
$17.5B
| $61M | 0.02% |
1,495,000
-100,000
| -6% | -$3.6M |
|
|
ZNGA
754
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $60.9M | 0.02% |
10,470,849
+300,562
| +3% | +$1.81M |
|
755
Five Below
FIVE
$12B
| $60.9M | 0.02% |
482,701
-12,025
| -2% | -$1.46M |
|
756
Autohome
ATHM
$2.67B
| $60.7M | 0.02% |
730,663
+11,698
| +2% | +$1M |
|
757
Allison Transmission
ALSN
$9.5B
| $60.7M | 0.02% |
1,290,784
-21,584
| -2% | -$979K |
|
758
AXIS Capital
AXS
$7.68B
| $60.6M | 0.02% |
908,723
+48,477
| +6% | +$3.06M |
|
759
Emcor
EME
$35.2B
| $60.5M | 0.02% |
703,051
-11,350
| -2% | -$966K |
|
|
DOCU
760
DocuSign
DOCU
$10.5B
| $60.4M | 0.02% |
975,799
+211,004
| +28% | +$11M |
|
761
Graham Holdings Company
GHC
$5.1B
| $60.4M | 0.02% |
90,999
| – | – |
|
762
Guidewire Software
GWRE
$12.6B
| $60.3M | 0.02% |
571,887
+8,021
| +1% | +$809K |
|
763
Sabre
SABR
$731M
| $60.2M | 0.02% |
2,689,527
| – | – |
|
764
Deckers Outdoor
DECK
$13.2B
| $60.2M | 0.02% |
2,451,408
-40,686
| -2% | -$1.04M |
|
|
DOC
765
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $60.2M | 0.02% |
3,390,661
+393,066
| +13% | +$6.83M |
|
|
HZNP
766
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $60.1M | 0.02% |
2,205,904
+26,600
| +1% | +$688K |
|
767
Ingredion
INGR
$6.27B
| $60M | 0.02% |
734,496
| – | – |
|
768
Cousins Properties
CUZ
$5.19B
| $59.9M | 0.02% |
1,594,772
+114,028
| +8% | +$4.07M |
|
769
NOV
NOV
$6.93B
| $59.6M | 0.02% |
2,809,933
-75,010
| -3% | -$1.6M |
|
770
Xerox
XRX
$387M
| $59.6M | 0.02% |
1,991,658
| – | – |
|
|
JNPR
771
DELISTED
Juniper Networks
JNPR
| $59.4M | 0.02% |
2,400,817
-336,338
| -12% | -$8.46M |
|
772
ACI Worldwide
ACIW
$5.83B
| $59.3M | 0.02% |
1,893,289
+27,008
| +1% | +$856K |
|
|
VSM
773
DELISTED
Versum Materials, Inc.
VSM
| $59.3M | 0.02% |
1,120,433
| – | – |
|
774
Etsy
ETSY
$7.75B
| $59.3M | 0.02% |
1,049,512
-80,378
| -7% | -$4.73M |
|
775
Wyndham Hotels & Resorts
WH
$5.56B
| $59.2M | 0.02% |
1,144,883
-46,185
| -4% | -$2.52M |
|
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.