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 |
Alibaba
BABA
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
MGIC Investment
MTG
$6.16B
| $47.1M | 0.02% |
3,622,526
-177,692
| -5% | -$2.52M |
|
|
TMHC
827
DELISTED
Taylor Morrison
TMHC
| $47.1M | 0.02% |
2,021,250
+940,877
| +87% | +$23.5M |
|
|
ONC
828
BeOne Medicines Ltd
ONC
$32.8B
| $47M | 0.02% |
280,047
+172,535
| +160% | +$23.4M |
|
829
Howard Hughes
HHH
$3.81B
| $47M | 0.02% |
354,509
-3,986
| -1% | -$489K |
|
830
InterDigital
IDCC
$7.87B
| $47M | 0.02% |
638,577
-119,669
| -16% | -$9.16M |
|
|
HOLX
831
DELISTED
Hologic
HOLX
| $47M | 0.02% |
1,256,986
-594,273
| -32% | -$24M |
|
|
USG
832
DELISTED
Usg
USG
| $46.9M | 0.02% |
1,161,267
| – | – |
|
833
Starwood Property Trust
STWD
$5.92B
| $46.9M | 0.02% |
2,240,453
| – | – |
|
834
EnerSys
ENS
$6.78B
| $46.8M | 0.02% |
674,515
| – | – |
|
835
Selective Insurance
SIGI
$5.65B
| $46.7M | 0.02% |
769,587
-163,900
| -18% | -$9.66M |
|
836
CNX Resources
CNX
$5.3B
| $46.7M | 0.02% |
3,025,470
+365,470
| +14% | +$5.46M |
|
837
Highwoods Properties
HIW
$3.65B
| $46.4M | 0.02% |
1,059,901
| – | – |
|
838
Children's Place
PLCE
$54.3M
| $46.4M | 0.02% |
343,061
+101,642
| +42% | +$14.8M |
|
839
NNN REIT
NNN
$9.04B
| $46.3M | 0.02% |
1,179,857
| – | – |
|
|
KW
840
DELISTED
Kennedy-Wilson Holdings
KW
| $46.2M | 0.02% |
2,653,593
+1,282,517
| +94% | +$22M |
|
|
B
841
DELISTED
Barnes Group Inc.
B
| $46.1M | 0.02% |
770,055
-42,609
| -5% | -$2.69M |
|
842
Healthcare Realty
HR
$7.28B
| $46.1M | 0.02% |
1,742,882
+76,701
| +5% | +$2.04M |
|
843
Valvoline
VVV
$4.9B
| $45.9M | 0.02% |
2,073,800
-20,673
| -1% | -$492K |
|
|
NATI
844
DELISTED
National Instruments Corp
NATI
| $45.7M | 0.02% |
904,273
-72,978
| -7% | -$3.55M |
|
845
AptarGroup
ATR
$8.55B
| $45.7M | 0.02% |
508,732
-34,371
| -6% | -$3.03M |
|
|
MASI
846
DELISTED
Masimo
MASI
| $45.7M | 0.02% |
519,315
-80,400
| -13% | -$7.01M |
|
847
First Citizens BancShares
FCNCA
$24.9B
| $45.6M | 0.02% |
110,427
+36,988
| +50% | +$15.9M |
|
848
ICU Medical
ICUI
$4.21B
| $45.6M | 0.02% |
180,658
-13,300
| -7% | -$3.13M |
|
849
Rithm Capital
RITM
$5.52B
| $45.5M | 0.02% |
2,768,564
+179,068
| +7% | +$3.05M |
|
850
Unifirst Corp
UNF
$5.3B
| $45.5M | 0.02% |
281,210
| – | – |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.