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 | |
|---|---|---|---|---|---|---|
776
Live Nation Entertainment
LYV
$40.3B
| $55.9M | 0.02% |
1,026,155
-31,939
| -3% | -$1.62M |
|
777
Neogen
NEOG
$2.57B
| $55.9M | 0.02% |
1,561,858
| – | – |
|
|
PE
778
DELISTED
PARSLEY ENERGY INC
PE
| $55.8M | 0.02% |
1,909,184
+162,129
| +9% | +$4.81M |
|
779
CAE Inc. Common Shares
CAE
$8.33B
| $55.8M | 0.02% |
2,749,374
-168,690
| -6% | -$3.45M |
|
780
Liberty Broadband Class A
LBRDA
$4.89B
| $55.7M | 0.02% |
660,572
| – | – |
|
781
Portland General Electric
POR
$5.72B
| $55.6M | 0.02% |
1,218,365
| – | – |
|
|
ATHN
782
DELISTED
Athenahealth, Inc.
ATHN
| $55.6M | 0.02% |
415,881
+30,424
| +8% | +$4.56M |
|
|
KW
783
DELISTED
Kennedy-Wilson Holdings
KW
| $55.5M | 0.02% |
2,582,931
-70,662
| -3% | -$1.51M |
|
|
ACC
784
DELISTED
American Campus Communities, Inc.
ACC
| $55.5M | 0.02% |
1,347,592
| – | – |
|
|
KL
785
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $55.3M | 0.02% |
2,922,033
-239,687
| -8% | -$4.89M |
|
786
Petrobras Class A
PBR.A
$110B
| $55.2M | 0.02% |
5,281,875
| – | – |
|
787
MSC Industrial Direct
MSM
$6.86B
| $55.2M | 0.02% |
626,669
+13,114
| +2% | +$1.12M |
|
788
Emergent Biosolutions
EBS
$366M
| $55.1M | 0.02% |
836,399
+16,578
| +2% | +$967K |
|
789
Pinnacle West Capital
PNW
$12.3B
| $55M | 0.02% |
695,025
| – | – |
|
|
ZAYO
790
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $55M | 0.02% |
1,584,198
| – | – |
|
|
WBC
791
DELISTED
WABCO HOLDINGS INC.
WBC
| $54.9M | 0.02% |
465,754
| – | – |
|
792
Atmos Energy
ATO
$29.1B
| $54.9M | 0.02% |
584,169
+19,942
| +4% | +$1.84M |
|
793
nVent Electric
NVT
$25B
| $54.8M | 0.02% |
2,018,286
-34,048
| -2% | -$926K |
|
794
AptarGroup
ATR
$8.5B
| $54.8M | 0.02% |
508,732
| – | – |
|
|
FCE.A
795
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $54.8M | 0.02% |
2,183,847
| – | – |
|
796
Douglas Emmett
DEI
$1.99B
| $54.8M | 0.02% |
1,451,733
| – | – |
|
797
JB Hunt Transport Services
JBHT
$25.8B
| $54.7M | 0.02% |
459,514
-79,120
| -15% | -$9.63M |
|
|
JHG
798
DELISTED
Janus Henderson
JHG
| $54.6M | 0.02% |
2,024,696
-43,292
| -2% | -$1.26M |
|
799
Primerica
PRI
$10.1B
| $54.6M | 0.02% |
452,743
+8,410
| +2% | +$975K |
|
800
Toro Company
TTC
$8.76B
| $54.5M | 0.02% |
908,730
-50,231
| -5% | -$3.05M |
|
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.