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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.03%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$308B
AUM Growth
+$16.6B
Cap. Flow
+$44.1M
Cap. Flow %
0.01%
Top 10 Hldgs %
17.3%
Holding
2,209
New
74
Increased
715
Reduced
609
Closed
67

Top Sells

Rank Stock Value
1
GGP
GGP Inc.
GGP
+$606M
2
WFC icon
Wells Fargo
WFC
+$206M
3
ORCL icon
Oracle
ORCL
+$200M
4
UBS icon
UBS Group
UBS
+$185M
5
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$154M

Sector Composition

Rank Sector Weight
1 Technology 17.96%
2 Financials 17.19%
3 Healthcare 13.99%
4 Consumer Discretionary 11.37%
5 Communication Services 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
EV
901
DELISTED
Eaton Vance Corp.
EV
$47.9M 0.02%
911,098
ARRS
902
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$47.8M 0.02%
1,837,374
ENDP
903
DELISTED
Endo International plc
ENDP
$47.6M 0.02%
2,826,276
+1,978,689
+233% +$28.1M
WAL icon
904
Western Alliance Bancorporation
WAL
$8.79B
$47.5M 0.02%
835,599
SAGE
905
DELISTED
Sage Therapeutics
SAGE
$47.5M 0.02%
336,344
+48,504
+17% +$7.49M
SIG icon
906
Signet Jewelers
SIG
$3.61B
$47.4M 0.02%
719,211
CNX icon
907
CNX Resources
CNX
$5.06B
$47.4M 0.02%
3,312,690
CGC
908
Canopy Growth
CGC
$387M
$47.4M 0.02%
97,553
+26,519
+37% +$9.81M
CHE icon
909
Chemed
CHE
$7.07B
$47.3M 0.02%
148,097
+18,629
+14% +$5.94M
POLY
910
DELISTED
Plantronics, Inc.
POLY
$47.2M 0.02%
783,493
+45,198
+6% +$3.09M
AEL
911
DELISTED
American Equity Investment Life Holding Company
AEL
$47.2M 0.02%
1,335,974
CVG
912
DELISTED
Convergys
CVG
$47.2M 0.02%
1,988,770
SIX
913
DELISTED
Six Flags Entertainment Corp.
SIX
$47.1M 0.02%
674,323
MFGP
914
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
$47.1M 0.02%
2,105,465
HPP
915
Hudson Pacific Properties
HPP
$747M
$46.9M 0.02%
204,974
+4,227
+2% +$994K
IART icon
916
Integra LifeSciences
IART
$1.29B
$46.9M 0.02%
712,664
SHOO icon
917
Steven Madden
SHOO
$3.37B
$46.9M 0.02%
1,331,070
BCPC
918
Balchem Corp
BCPC
$5.38B
$46.9M 0.02%
417,973
HI
919
DELISTED
Hillenbrand
HI
$46.8M 0.02%
895,178
CVA
920
DELISTED
Covanta Holding Corporation
CVA
$46.8M 0.02%
2,878,250
-58,997
-2% -$1.01M
DNR
921
DELISTED
Denbury Resources, Inc.
DNR
$46.7M 0.02%
7,538,888
CHK
922
DELISTED
Chesapeake Energy Corporation
CHK
$46.7M 0.02%
51,972
+6,096
+13% +$5.56M
NATI
923
DELISTED
National Instruments Corp
NATI
$46.7M 0.02%
965,535
+61,262
+7% +$2.79M
THO icon
924
Thor Industries
THO
$3.9B
$46.6M 0.02%
556,605
+23,022
+4% +$2.2M
USG
925
DELISTED
Usg
USG
$46.6M 0.02%
1,075,059

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Norges Bank's Q3 2018 Portfolio in Review

As of Q3 2018, Norges Bank held 2,209 positions worth $308B, up 5.7% from $291B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Norges Bank's Q3 2018 filing shows 74 new, 715 increased, 609 reduced and 67 closed positions. Its largest new stake was NIO: 19,750,000 shares worth $138M. The largest sale was GGP Inc., an estimated $606M.

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 Q3 2018 buy was NIO: 19,750,000 shares worth $138M.
  • Norges Bank added most to Meta Platforms (Facebook) in Q3 2018, an estimated $203M increase.
  • Norges Bank's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $206M.
  • Norges Bank fully exited GGP Inc. in Q3 2018, selling an estimated $606M.
  • Norges Bank's ten largest holdings make up 17% of its $308B portfolio in Q3 2018.
  • Norges Bank opened 74 new positions and closed 67 in Q3 2018.
  • Norges Bank's portfolio value rose 5.7% quarter-over-quarter to $308B.

Based on Norges Bank's 13F filing for Q3 2018, filed 9 Nov 2018.