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 | |
|---|---|---|---|---|---|---|
851
Radian Group
RDN
$5.18B
| $51.2M | 0.02% |
2,467,586
-12,940
| -0.5% | -$251K |
|
852
BlackBerry
BB
$4.98B
| $51.1M | 0.02% |
5,065,375
-185,506
| -4% | -$1.56M |
|
|
CMD
853
DELISTED
Cantel Medical Corporation
CMD
| $51M | 0.02% |
762,390
| – | – |
|
854
Travel + Leisure Co
TNL
$4.66B
| $51M | 0.02% |
1,259,145
-50,876
| -4% | -$2.14M |
|
|
TCO
855
DELISTED
Taubman Centers Inc.
TCO
| $50.8M | 0.02% |
961,441
-30,388
| -3% | -$1.54M |
|
|
JOYY
856
JOYY Inc
JOYY
$3.71B
| $50.6M | 0.02% |
602,579
+100,239
| +20% | +$7.29M |
|
857
Chegg
CHGG
$110M
| $50.6M | 0.02% |
1,327,059
| – | – |
|
|
SBNY
858
DELISTED
Signature Bank
SBNY
| $50.5M | 0.02% |
394,495
| – | – |
|
859
LivaNova
LIVN
$4.4B
| $50.5M | 0.02% |
519,309
+11,189
| +2% | +$1.04M |
|
860
Affiliated Managers Group
AMG
$9.69B
| $50.5M | 0.02% |
471,381
| – | – |
|
861
First Industrial Realty Trust
FR
$8.73B
| $50.5M | 0.02% |
1,427,486
| – | – |
|
862
Flex
FLEX
$41.7B
| $50.5M | 0.02% |
6,696,751
| – | – |
|
|
FLG
863
Flagstar Bank National Association
FLG
$5.93B
| $50.4M | 0.02% |
1,452,868
| – | – |
|
864
PBF Energy
PBF
$8.57B
| $50.4M | 0.02% |
1,618,341
-142,408
| -8% | -$4.79M |
|
|
ARRY
865
DELISTED
Array Biopharma Inc
ARRY
| $50.4M | 0.02% |
2,066,511
+123,452
| +6% | +$2.57M |
|
866
National Fuel Gas
NFG
$7.82B
| $50.3M | 0.02% |
824,877
| – | – |
|
|
JHG
867
DELISTED
Janus Henderson
JHG
| $50.2M | 0.02% |
2,011,472
| – | – |
|
868
EQT Corp
EQT
$33.3B
| $50.2M | 0.02% |
2,422,046
-123,395
| -5% | -$2.41M |
|
869
Ingevity
NGVT
$2.51B
| $50.1M | 0.02% |
474,366
| – | – |
|
870
Globus Medical
GMED
$10.7B
| $50M | 0.02% |
1,012,935
| – | – |
|
871
Autoliv
ALV
$9.02B
| $50M | 0.02% |
680,637
| – | – |
|
872
Viasat
VSAT
$10.6B
| $49.8M | 0.02% |
643,024
+119,769
| +23% | +$8.33M |
|
873
Credit Acceptance
CACC
$5.95B
| $49.8M | 0.02% |
110,267
| – | – |
|
874
Pool Corp
POOL
$6.75B
| $49.7M | 0.02% |
301,490
+38,796
| +15% | +$6.02M |
|
875
Telephone and Data Systems
TDS
$3.82B
| $49.7M | 0.02% |
1,616,372
+83,781
| +5% | +$2.85M |
|
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.