We are live on ! Find out more
Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+1.52%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$327B
AUM Growth
+$2.93B
Cap. Flow
+$1.58B
Cap. Flow %
0.48%
Top 10 Hldgs %
17.4%
Holding
2,164
New
59
Increased
636
Reduced
513
Closed
72

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.13B
2
BABA icon
Alibaba
BABA
+$831M
3
FIS icon
Fidelity National Information Services
FIS
+$349M
4
UBS icon
UBS Group
UBS
+$322M
5
JCI icon
Johnson Controls International
JCI
+$258M

Top Sells

Rank Stock Value
1
GOOG icon
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
AAPL icon
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
AVT icon
801
Avnet
AVT
$7.29B
$56.2M 0.02%
1,264,060
+25,226
+2% +$1.09M
UNVR
802
DELISTED
Univar Solutions Inc.
UNVR
$56.2M 0.02%
2,708,233
+244,105
+10% +$5.05M
KW
803
DELISTED
Kennedy-Wilson Holdings
KW
$55.7M 0.02%
2,540,539
– –
HRB icon
804
H&R Block
HRB
$5.58B
$55.5M 0.02%
2,349,001
+18,721
+0.8% +$495K
WTM icon
805
White Mountains Insurance
WTM
$5.2B
$55.4M 0.02%
51,336
+955
+2% +$1.02M
HIW icon
806
Highwoods Properties
HIW
$3.65B
$55.3M 0.02%
1,229,936
– –
DCI icon
807
Donaldson
DCI
$10.9B
$55.2M 0.02%
1,060,115
+128,436
+14% +$6.36M
MKSI icon
808
MKS Inc
MKSI
$20.1B
$55.1M 0.02%
596,806
– –
LSI
809
DELISTED
Life Storage, Inc.
LSI
$54.9M 0.02%
780,762
+27,673
+4% +$1.88M
ASML icon
810
ASML
ASML
$626B
$54.8M 0.02%
220,577
– –
PEN icon
811
Penumbra
PEN
$12.7B
$54.8M 0.02%
407,154
+97,694
+32% +$15.1M
ARGO
812
DELISTED
Argo Group International Holdings, Ltd.
ARGO
$54.7M 0.02%
779,047
+19,809
+3% +$1.37M
AGCO icon
813
AGCO
AGCO
$7.15B
$54.7M 0.02%
722,778
– –
CRUS icon
814
Cirrus Logic
CRUS
$6.53B
$54.7M 0.02%
1,020,327
+34,798
+4% +$1.78M
PWR icon
815
Quanta Services
PWR
$100B
$54.5M 0.02%
1,442,550
– –
ARW icon
816
Arrow Electronics
ARW
$11.1B
$54.5M 0.02%
730,098
+16,400
+2% +$1.16M
AYX
817
DELISTED
Alteryx Inc
AYX
$54.4M 0.02%
506,452
+27,492
+6% +$3.41M
LPX icon
818
Louisiana-Pacific
LPX
$5.06B
$54.3M 0.02%
2,209,550
+3,032
+0.1% +$74.7K
DSGX icon
819
Descartes Systems
DSGX
$6.44B
$54.3M 0.02%
1,343,617
+229,539
+21% +$8.49M
M icon
820
Macy's
M
$6.53B
$54.1M 0.02%
3,483,869
– –
HBI
821
DELISTED
Hanesbrands
HBI
$53.9M 0.02%
3,518,875
+272,000
+8% +$4.14M
RDN icon
822
Radian Group
RDN
$5.18B
$53.9M 0.02%
2,357,756
-109,830
-4% -$2.54M
BRC icon
823
Brady Corp
BRC
$4.44B
$53.8M 0.02%
1,014,514
– –
BPMC
824
DELISTED
Blueprint Medicines
BPMC
$53.8M 0.02%
732,212
-43,332
-6% -$3.75M
ALV icon
825
Autoliv
ALV
$9.02B
$53.7M 0.02%
680,637
– –
31 32
33
34 35

Similar funds

CIBC Private Wealth Group
CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return
Two Sigma Advisers
Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return
Comerica Bank
Comerica Bank Dallas, Texas $25.1B AUM 24.68% 1-Year Est. Return
CWM
CIBC World Markets New York $20.8B AUM
VRS
Virginia Retirement Systems Richmond, Virginia $16.8B AUM 25.91% 1-Year Est. Return
FAF
Första AP-fonden Stockholm, Sweden $16.8B AUM 29.64% 1-Year Est. Return
BGIM
Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return
CIM
CCLA Investment Management London, United Kingdom $6.23B AUM 5.02% 1-Year Est. Return

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.