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 | |
|---|---|---|---|---|---|---|
|
MGLN
851
DELISTED
Magellan Health Services, Inc.
MGLN
| $45.3M | 0.02% |
423,236
-72,837
| -15% | -$7.31M |
|
852
Brixmor Property Group
BRX
$9.67B
| $45M | 0.02% |
2,950,626
| – | – |
|
|
DHC
853
Diversified Healthcare Trust
DHC
$2.15B
| $45M | 0.02% |
2,873,403
+227,408
| +9% | +$3.78M |
|
|
CVG
854
DELISTED
Convergys
CVG
| $45M | 0.02% |
1,988,770
| – | – |
|
855
Bio-Rad Laboratories Class A
BIO
$8.71B
| $44.9M | 0.02% |
179,698
+5,426
| +3% | +$1.38M |
|
856
Conduent
CNDT
$244M
| $44.9M | 0.02% |
2,408,363
-88,200
| -4% | -$1.55M |
|
|
DCT
857
DELISTED
DCT Industrial Trust Inc.
DCT
| $44.8M | 0.02% |
794,476
+19,291
| +2% | +$1.09M |
|
858
CubeSmart
CUBE
$9.39B
| $44.7M | 0.02% |
1,584,939
+35,739
| +2% | +$974K |
|
859
Live Nation Entertainment
LYV
$40.6B
| $44.6M | 0.02% |
1,058,094
+133,122
| +14% | +$5.9M |
|
|
POLY
860
DELISTED
Plantronics, Inc.
POLY
| $44.6M | 0.02% |
738,295
-174,088
| -19% | -$9.71M |
|
861
Grand Canyon Education
LOPE
$3.79B
| $44.5M | 0.02% |
424,611
+3,450
| +0.8% | +$333K |
|
862
RB Global
RBA
$20.4B
| $44.5M | 0.02% |
1,417,016
-176,226
| -11% | -$5.62M |
|
863
Ciena
CIEN
$53.4B
| $44.5M | 0.02% |
1,716,945
+388,144
| +29% | +$9.13M |
|
|
CY
864
DELISTED
Cypress Semiconductor
CY
| $44.4M | 0.02% |
2,616,698
+483,579
| +23% | +$8.29M |
|
865
Credicorp
BAP
$31.8B
| $44.4M | 0.02% |
+195,438
| New | +$43.4M |
|
|
EXAS
866
DELISTED
Exact Sciences
EXAS
| $44.3M | 0.02% |
1,098,634
-44,795
| -4% | -$2.19M |
|
867
Stepan Co
SCL
$1.46B
| $44.3M | 0.02% |
532,242
-20,060
| -4% | -$1.59M |
|
|
FCE.A
868
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $44.2M | 0.02% |
2,183,847
| – | – |
|
|
ELLI
869
DELISTED
Ellie Mae Inc
ELLI
| $44M | 0.02% |
478,975
-43,623
| -8% | -$4.05M |
|
|
SAFM
870
DELISTED
Sanderson Farms Inc
SAFM
| $44M | 0.02% |
369,840
+30,372
| +9% | +$3.86M |
|
|
IDTI
871
DELISTED
Integrated Device Technology I
IDTI
| $44M | 0.02% |
1,438,597
+98,135
| +7% | +$3.05M |
|
|
VRNT
872
DELISTED
Verint Systems
VRNT
| $43.8M | 0.02% |
2,019,650
-149,765
| -7% | -$3.08M |
|
873
ASML
ASML
$626B
| $43.8M | 0.02% |
220,577
| – | – |
|
|
HPP
874
Hudson Pacific Properties
HPP
$747M
| $43.7M | 0.02% |
191,861
| – | – |
|
|
AGR
875
DELISTED
Avangrid, Inc.
AGR
| $43.7M | 0.02% |
854,170
+140,576
| +20% | +$6.85M |
|
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.