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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Southwest Gas
SWX
$6.47B
| $46.9M | 0.01% |
515,305
+20,714
| +4% | +$1.86M |
|
902
Herbalife
HLF
$1.29B
| $46.8M | 0.01% |
1,237,115
+36,374
| +3% | +$1.42M |
|
|
CZR
903
DELISTED
Caesars Entertainment Corporation
CZR
| $46.8M | 0.01% |
4,011,300
-336,843
| -8% | -$3.95M |
|
904
Carter's
CRI
$1.42B
| $46.8M | 0.01% |
512,635
-50,000
| -9% | -$4.56M |
|
905
Delek US
DK
$4.16B
| $46.7M | 0.01% |
1,287,697
| – | – |
|
|
HMSY
906
DELISTED
HMS Holdings Corp.
HMSY
| $46.7M | 0.01% |
1,354,748
| – | – |
|
907
Leggett & Platt
LEG
$1.34B
| $46.6M | 0.01% |
1,139,072
| – | – |
|
|
JHG
908
DELISTED
Janus Henderson
JHG
| $46.6M | 0.01% |
2,074,769
+63,297
| +3% | +$1.32M |
|
|
PACW
909
DELISTED
PacWest Bancorp
PACW
| $46.4M | 0.01% |
1,276,092
+70,942
| +6% | +$2.56M |
|
910
NorthWestern Energy
NWE
$4.23B
| $46.3M | 0.01% |
617,326
| – | – |
|
|
CMD
911
DELISTED
Cantel Medical Corporation
CMD
| $46.3M | 0.01% |
619,345
-143,045
| -19% | -$12.1M |
|
912
Steven Madden
SHOO
$3.37B
| $46.2M | 0.01% |
1,291,089
| – | – |
|
|
CBPO
913
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $46.2M | 0.01% |
403,263
| – | – |
|
914
Regal Rexnord
RRX
$13.7B
| $46.1M | 0.01% |
632,870
+6,867
| +1% | +$518K |
|
915
Rexford Industrial Realty
REXR
$8.42B
| $46M | 0.01% |
1,044,390
-1,941
| -0.2% | -$83K |
|
916
TripAdvisor
TRIP
$1.65B
| $45.9M | 0.01% |
1,187,834
| – | – |
|
|
XEC
917
DELISTED
CIMAREX ENERGY CO
XEC
| $45.9M | 0.01% |
957,193
+18,500
| +2% | +$876K |
|
|
SUM
918
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $45.8M | 0.01% |
2,098,768
| – | – |
|
|
ARNA
919
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $45.7M | 0.01% |
999,407
+115,444
| +13% | +$6.49M |
|
920
MasTec
MTZ
$20.8B
| $45.6M | 0.01% |
702,313
+78,535
| +13% | +$4.58M |
|
921
TriNet
TNET
$3.02B
| $45.6M | 0.01% |
732,559
-25,184
| -3% | -$1.72M |
|
922
Polaris
PII
$3.82B
| $45.5M | 0.01% |
517,224
| – | – |
|
|
CYBR
923
DELISTED
CyberArk
CYBR
| $45.5M | 0.01% |
455,445
-17,447
| -4% | -$2.1M |
|
924
MSC Industrial Direct
MSM
$6.89B
| $45.5M | 0.01% |
626,669
| – | – |
|
|
PSB
925
DELISTED
PS Business Parks, Inc.
PSB
| $45.4M | 0.01% |
249,656
| – | – |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.