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 | |
|---|---|---|---|---|---|---|
901
Ziff Davis
ZD
$1.96B
| $42.1M | 0.02% |
614,153
| – | – |
|
902
Rollins
ROL
$18.3B
| $42.1M | 0.02% |
1,857,449
| – | – |
|
903
Lamar Advertising Co
LAMR
$16.2B
| $42.1M | 0.02% |
661,628
| – | – |
|
904
FNB Corp
FNB
$6.73B
| $42.1M | 0.02% |
3,130,247
-529,050
| -14% | -$7.51M |
|
|
STAY
905
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $42M | 0.02% |
2,126,454
-163,803
| -7% | -$3.23M |
|
|
SIX
906
DELISTED
Six Flags Entertainment Corp.
SIX
| $42M | 0.02% |
674,323
-21,700
| -3% | -$1.42M |
|
|
ARGO
907
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $41.8M | 0.02% |
729,072
-143,863
| -16% | -$7.74M |
|
908
Commault Systems
CVLT
$4.88B
| $41.8M | 0.02% |
731,381
+128,849
| +21% | +$6.95M |
|
909
Transocean
RIG
$5.89B
| $41.8M | 0.02% |
4,225,386
-100,000
| -2% | -$1.03M |
|
910
Molina Healthcare
MOH
$10.2B
| $41.8M | 0.02% |
514,909
+125,590
| +32% | +$10.1M |
|
911
FTI Consulting
FCN
$4.4B
| $41.7M | 0.02% |
862,335
-165,202
| -16% | -$7.46M |
|
912
JELD-WEN Holding
JELD
$122M
| $41.7M | 0.02% |
1,361,771
-159,330
| -10% | -$5.78M |
|
913
Sprouts Farmers Market
SFM
$8.13B
| $41.7M | 0.02% |
1,775,089
| – | – |
|
914
Essent Group
ESNT
$6.08B
| $41.7M | 0.02% |
978,677
-111,020
| -10% | -$5.04M |
|
915
Bloomin' Brands
BLMN
$741M
| $41.6M | 0.02% |
1,715,263
-289,089
| -14% | -$6.54M |
|
916
ADT
ADT
$5.58B
| $41.6M | 0.02% |
+5,250,000
| New | +$57.5M |
|
|
VSM
917
DELISTED
Versum Materials, Inc.
VSM
| $41.6M | 0.02% |
1,105,834
-359,411
| -25% | -$13.7M |
|
918
ITT
ITT
$17.5B
| $41.6M | 0.02% |
848,811
-7,069
| -0.8% | -$373K |
|
919
Atmos Energy
ATO
$28.8B
| $41.6M | 0.02% |
493,382
+40,642
| +9% | +$3.31M |
|
920
Green Dot
GDOT
$743M
| $41.6M | 0.02% |
647,782
-19,900
| -3% | -$1.25M |
|
921
Cirrus Logic
CRUS
$6.53B
| $41.5M | 0.02% |
1,021,724
| – | – |
|
922
Brown & Brown
BRO
$23.6B
| $41.5M | 0.02% |
1,631,626
+72,626
| +5% | +$1.9M |
|
923
Progress Software
PRGS
$1.66B
| $41.4M | 0.02% |
1,076,212
-194,646
| -15% | -$8.92M |
|
|
PBCT
924
DELISTED
People's United Financial Inc
PBCT
| $41.4M | 0.02% |
2,217,308
+348,583
| +19% | +$6.77M |
|
|
VRN
925
DELISTED
Veren
VRN
| $41.3M | 0.02% |
6,085,271
-1,900,784
| -24% | -$14.4M |
|
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.