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 | |
|---|---|---|---|---|---|---|
|
UNVR
826
DELISTED
Univar Solutions Inc.
UNVR
| $53.6M | 0.02% |
2,418,215
-1,600,269
| -40% | -$34.5M |
|
827
Nutanix
NTNX
$16B
| $53.5M | 0.02% |
1,417,333
+24,044
| +2% | +$1.1M |
|
828
Lincoln Electric
LECO
$14.2B
| $53.4M | 0.02% |
636,501
| – | – |
|
|
TGNA
829
DELISTED
TEGNA Inc
TGNA
| $53.3M | 0.02% |
3,782,689
-366,274
| -9% | -$4.65M |
|
|
ZNGA
830
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $53.3M | 0.02% |
10,004,725
-529,043
| -5% | -$2.54M |
|
831
Huazhu Hotels Group
HTHT
$13.1B
| $53.3M | 0.02% |
1,265,119
+178,020
| +16% | +$6.09M |
|
832
MGIC Investment
MTG
$6.16B
| $53.2M | 0.02% |
4,034,083
| – | – |
|
833
iQIYI
IQ
$1.23B
| $53.2M | 0.02% |
2,222,833
+764,456
| +52% | +$16.9M |
|
834
East-West Bancorp
EWBC
$17.9B
| $53.1M | 0.02% |
1,106,754
| – | – |
|
835
Helmerich & Payne
HP
$3.45B
| $53M | 0.02% |
954,607
| – | – |
|
836
Ubiquiti
UI
$33.7B
| $52.7M | 0.02% |
351,782
| – | – |
|
837
Neogen
NEOG
$2.63B
| $52.6M | 0.02% |
1,834,048
+105,670
| +6% | +$3.2M |
|
|
SINA
838
DELISTED
Sina Corp
SINA
| $52.6M | 0.02% |
887,361
+137,508
| +18% | +$8.24M |
|
839
TD Synnex
SNX
$20.4B
| $52.4M | 0.02% |
1,099,030
| – | – |
|
840
Crane NXT
CXT
$2.99B
| $52.4M | 0.02% |
1,782,982
| – | – |
|
841
Genpact
G
$5.96B
| $52.4M | 0.02% |
1,488,795
+80,000
| +6% | +$2.53M |
|
842
OneMain Financial
OMF
$7.2B
| $52.3M | 0.02% |
1,647,780
-34,473
| -2% | -$1.07M |
|
843
Jabil
JBL
$33B
| $52.1M | 0.02% |
1,958,990
+75,916
| +4% | +$2.03M |
|
|
VRNT
844
DELISTED
Verint Systems
VRNT
| $52M | 0.02% |
1,705,154
+92,901
| +6% | +$2.36M |
|
845
QuidelOrtho
QDEL
$1.14B
| $52M | 0.02% |
793,988
+79,127
| +11% | +$4.79M |
|
|
MDSO
846
DELISTED
Medidata Solutions, Inc.
MDSO
| $51.9M | 0.02% |
709,005
+14,819
| +2% | +$1.07M |
|
847
MSC Industrial Direct
MSM
$6.89B
| $51.8M | 0.02% |
626,669
| – | – |
|
|
OPTU
848
Optimum Communications Inc
OPTU
$298M
| $51.6M | 0.02% |
2,401,174
+350,000
| +17% | +$7.08M |
|
849
Emcor
EME
$35.2B
| $51.6M | 0.02% |
705,597
+36,957
| +6% | +$2.51M |
|
|
TCF
850
DELISTED
TCF Financial Corporation
TCF
| $51.5M | 0.02% |
2,486,978
| – | – |
|
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.