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 | |
|---|---|---|---|---|---|---|
926
Adient
ADNT
$1.65B
| $41.3M | 0.02% |
691,577
+135,312
| +24% | +$9.03M |
|
927
Avnet
AVT
$7.29B
| $41.3M | 0.01% |
988,902
-380,996
| -28% | -$16.1M |
|
928
Mine Safety
MSA
$7.35B
| $41.1M | 0.01% |
494,129
-48,200
| -9% | -$3.87M |
|
|
HI
929
DELISTED
Hillenbrand
HI
| $41.1M | 0.01% |
895,178
-69,096
| -7% | -$3.11M |
|
930
BGC Group
BGC
$5.45B
| $41M | 0.01% |
4,734,773
| – | – |
|
931
Boyd Gaming
BYD
$6.18B
| $40.9M | 0.01% |
1,283,657
+411,790
| +47% | +$14.7M |
|
932
Pool Corp
POOL
$6.75B
| $40.9M | 0.01% |
279,604
| – | – |
|
|
SAGE
933
DELISTED
Sage Therapeutics
SAGE
| $40.8M | 0.01% |
253,551
+3,730
| +1% | +$633K |
|
934
Deluxe
DLX
$1.18B
| $40.7M | 0.01% |
549,882
-30,684
| -5% | -$2.27M |
|
935
Eagle Materials
EXP
$6.29B
| $40.6M | 0.01% |
394,204
| – | – |
|
936
Hubbell
HUBB
$25B
| $40.6M | 0.01% |
333,074
-19,882
| -6% | -$2.62M |
|
937
JetBlue
JBLU
$2.28B
| $40.6M | 0.01% |
1,995,824
-350,981
| -15% | -$7.46M |
|
|
AHL
938
DELISTED
ASPEN Insurance Holding Limited
AHL
| $40.5M | 0.01% |
903,771
-237,300
| -21% | -$9.31M |
|
939
Jefferies Financial Group
JEF
$12.6B
| $40.5M | 0.01% |
1,989,014
-395,352
| -17% | -$8.96M |
|
|
AVXS
940
DELISTED
AveXis, Inc. Common Stock
AVXS
| $40.4M | 0.01% |
326,990
-15,408
| -5% | -$1.83M |
|
941
Advanced Energy
AEIS
$11.6B
| $40.3M | 0.01% |
630,529
| – | – |
|
942
RingCentral
RNG
$4.66B
| $40.2M | 0.01% |
633,747
+102,419
| +19% | +$6M |
|
943
Worthington Enterprises
WOR
$2.75B
| $40.1M | 0.01% |
1,516,155
| – | – |
|
|
PRA
944
DELISTED
ProAssurance
PRA
| $40.1M | 0.01% |
825,793
| – | – |
|
945
Kaiser Aluminum
KALU
$2.61B
| $40.1M | 0.01% |
397,267
-46,807
| -11% | -$5.01M |
|
946
Monolithic Power Systems
MPWR
$70.1B
| $39.8M | 0.01% |
344,114
+16,334
| +5% | +$1.94M |
|
|
PRMW
947
DELISTED
Primo Water Corporation
PRMW
| $39.6M | 0.01% |
2,691,589
-624,759
| -19% | -$9.91M |
|
|
CVSA
948
Covista Inc
CVSA
$4.25B
| $39.5M | 0.01% |
831,697
-21,573
| -3% | -$1.01M |
|
949
ScottsMiracle-Gro
SMG
$3.82B
| $39.5M | 0.01% |
460,777
| – | – |
|
|
COHR
950
DELISTED
Coherent Inc
COHR
| $39.5M | 0.01% |
210,840
+68,251
| +48% | +$16.5M |
|
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.