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
|
+$836M |
| 2 |
VMRK
Vivmark Residential
VMRK
|
+$579M |
| 3 |
Equitable Holdings
EQH
|
+$351M |
| 4 |
AT&T
T
|
+$345M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$657M |
| 2 |
MON
Monsanto Co
MON
|
+$486M |
| 3 |
Apple
AAPL
|
+$230M |
| 4 |
American International
AIG
|
+$211M |
| 5 |
SL Green Realty
SLG
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.86% |
| 2 | Technology | 17.5% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Discretionary | 11.54% |
| 5 | Communication Services | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
First Industrial Realty Trust
FR
$8.14B
| $43.3M | 0.01% |
1,298,497
+112,602
| +9% | +$3.55M |
|
|
AY
952
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $43.3M | 0.01% |
2,145,143
+981,845
| +84% | +$19.5M |
|
953
Avient
AVNT
$3.75B
| $43.3M | 0.01% |
1,001,306
| – | – |
|
954
Middleby
MIDD
$5.08B
| $43.2M | 0.01% |
413,872
| – | – |
|
955
Ligand Pharmaceuticals
LGND
$5.49B
| $43.2M | 0.01% |
334,144
+19,929
| +6% | +$2.22M |
|
|
B
956
DELISTED
Barnes Group Inc.
B
| $43.1M | 0.01% |
732,266
-37,789
| -5% | -$2.24M |
|
|
LM
957
DELISTED
Legg Mason, Inc.
LM
| $42.8M | 0.01% |
1,233,741
-131,751
| -10% | -$5M |
|
958
TriNet
TNET
$3.18B
| $42.8M | 0.01% |
765,871
-78,705
| -9% | -$4.14M |
|
959
Stantec
STN
$7.91B
| $42.8M | 0.01% |
1,666,201
+185,386
| +13% | +$4.7M |
|
960
Ultragenyx Pharmaceutical
RARE
$1.27B
| $42.8M | 0.01% |
556,394
-295,859
| -35% | -$19.1M |
|
961
Cousins Properties
CUZ
$4.65B
| $42.8M | 0.01% |
1,103,069
| – | – |
|
962
Protolabs
PRLB
$1.99B
| $42.7M | 0.01% |
358,698
| – | – |
|
963
Progress Software
PRGS
$1.72B
| $42.5M | 0.01% |
1,095,712
+19,500
| +2% | +$740K |
|
|
MDR
964
DELISTED
McDermott International
MDR
| $42.5M | 0.01% |
2,163,243
+1,096,844
| +103% | +$22.3M |
|
965
Huazhu Hotels Group
HTHT
$13.1B
| $42.4M | 0.01% |
1,010,705
+320,617
| +46% | +$12.8M |
|
|
ARGO
966
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $42.4M | 0.01% |
729,072
| – | – |
|
967
Guidewire Software
GWRE
$12B
| $42.4M | 0.01% |
477,120
| – | – |
|
968
AMC Global Media
AMCX
$501M
| $42.4M | 0.01% |
681,012
-23,171
| -3% | -$1.32M |
|
969
Selective Insurance
SIGI
$5.27B
| $42.3M | 0.01% |
769,587
| – | – |
|
970
Jefferies Financial Group
JEF
$10.9B
| $42.2M | 0.01% |
2,074,272
+85,258
| +4% | +$1.79M |
|
|
HI
971
DELISTED
Hillenbrand
HI
| $42.2M | 0.01% |
895,178
| – | – |
|
|
AAN.A
972
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $42M | 0.01% |
965,588
-294,473
| -23% | -$12.8M |
|
973
Avnet
AVT
$7.61B
| $41.9M | 0.01% |
977,747
-11,155
| -1% | -$452K |
|
|
WBS
974
DELISTED
Webster Financial
WBS
| $41.9M | 0.01% |
658,303
+43,244
| +7% | +$2.69M |
|
975
AGCO
AGCO
$8.4B
| $41.9M | 0.01% |
689,922
+82,182
| +14% | +$5.25M |
|
Similar funds
Norges Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Norges Bank held 2,219 positions worth $291B, up 5.4% from $276B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q2 2018 filing shows 75 new, 838 increased, 618 reduced and 85 closed positions. Its largest new stake was Equitable Holdings: 16,478,469 shares worth $340M. The largest sale was Time Warner Inc, an estimated $657M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2018 buy was Equitable Holdings: 16,478,469 shares worth $340M.
- Norges Bank added most to Alibaba in Q2 2018, an estimated $836M increase.
- Norges Bank's biggest Q2 2018 reduction was Apple, cutting an estimated $230M.
- Norges Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $657M.
- Norges Bank's ten largest holdings make up 16% of its $291B portfolio in Q2 2018.
- Norges Bank opened 75 new positions and closed 85 in Q2 2018.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $291B.
Based on Norges Bank's 13F filing for Q2 2018, filed 23 Jul 2018.