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 |
Meta Platforms (Facebook)
META
|
+$203M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$196M |
| 3 |
AT&T
T
|
+$174M |
| 4 |
NIO
NIO
|
+$163M |
| 5 |
T-Mobile US
TMUS
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GGP
GGP Inc.
GGP
|
+$606M |
| 2 |
Wells Fargo
WFC
|
+$206M |
| 3 |
Oracle
ORCL
|
+$200M |
| 4 |
UBS Group
UBS
|
+$185M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Jefferies Financial Group
JEF
$12.6B
| $44.6M | 0.01% |
2,271,046
+196,774
| +9% | +$4.1M |
|
952
Casey's General Stores
CASY
$32.2B
| $44.5M | 0.01% |
344,367
+7,796
| +2% | +$896K |
|
953
Marriott Vacations Worldwide
VAC
$3.35B
| $44.3M | 0.01% |
395,997
+236,473
| +148% | +$28M |
|
|
GRFS
954
Grifois
GRFS
$5.36B
| $44.2M | 0.01% |
2,070,494
+870,494
| +73% | +$18.4M |
|
|
UFS
955
DELISTED
DOMTAR CORPORATION (New)
UFS
| $44.2M | 0.01% |
847,467
| – | – |
|
956
Timken Company
TKR
$9.56B
| $44.2M | 0.01% |
886,875
-29,015
| -3% | -$1.37M |
|
|
HZNP
957
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $44.2M | 0.01% |
2,255,571
+96,896
| +4% | +$1.84M |
|
|
THS
958
DELISTED
Treehouse Foods
THS
| $44M | 0.01% |
920,067
-234,476
| -20% | -$12M |
|
959
Pool Corp
POOL
$6.75B
| $43.8M | 0.01% |
262,694
| – | – |
|
960
Avient
AVNT
$3.33B
| $43.8M | 0.01% |
1,001,306
| – | – |
|
961
News Corp Class A
NWSA
$14.9B
| $43.7M | 0.01% |
3,311,559
-151,057
| -4% | -$2.12M |
|
|
DNKN
962
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $43.6M | 0.01% |
591,822
| – | – |
|
963
FNB Corp
FNB
$6.73B
| $43.6M | 0.01% |
3,426,836
+75,187
| +2% | +$999K |
|
964
Omega Healthcare
OHI
$15.1B
| $43.6M | 0.01% |
1,330,024
| – | – |
|
965
Selective Insurance
SIGI
$5.65B
| $43.6M | 0.01% |
686,292
-83,295
| -11% | -$5.12M |
|
966
Commault Systems
CVLT
$4.88B
| $43.5M | 0.01% |
622,010
-54,547
| -8% | -$3.7M |
|
|
STAY
967
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $43.5M | 0.01% |
2,152,102
+25,648
| +1% | +$534K |
|
968
MillerKnoll
MLKN
$1.53B
| $43.5M | 0.01% |
1,133,578
-101,284
| -8% | -$3.84M |
|
|
MDR
969
DELISTED
McDermott International
MDR
| $43.5M | 0.01% |
2,361,655
+198,412
| +9% | +$3.71M |
|
|
CLGX
970
DELISTED
Corelogic, Inc.
CLGX
| $43.5M | 0.01% |
880,717
-36,177
| -4% | -$1.84M |
|
971
Bankunited
BKU
$3.37B
| $43.5M | 0.01% |
1,228,974
| – | – |
|
972
Brady Corp
BRC
$4.44B
| $43.5M | 0.01% |
993,755
| – | – |
|
973
Mine Safety
MSA
$7.35B
| $43.4M | 0.01% |
407,791
-44,123
| -10% | -$4.46M |
|
974
Brunswick
BC
$5.13B
| $43.3M | 0.01% |
646,293
| – | – |
|
975
Woodward
WWD
$21.5B
| $43.2M | 0.01% |
534,331
-57,006
| -10% | -$4.58M |
|
Similar funds
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.