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 | |
|---|---|---|---|---|---|---|
976
TriNet
TNET
$3.02B
| $43.1M | 0.01% |
765,871
| – | – |
|
977
Stepan Co
SCL
$1.46B
| $43.1M | 0.01% |
495,276
-11,515
| -2% | -$992K |
|
978
Ryman Hospitality Properties
RHP
$8.43B
| $43M | 0.01% |
499,191
| – | – |
|
979
NovoCure
NVCR
$1.73B
| $43M | 0.01% |
820,684
+61,686
| +8% | +$2.46M |
|
|
MBFI
980
DELISTED
MB Financial Corp
MBFI
| $42.9M | 0.01% |
931,442
| – | – |
|
981
First Bancorp
FBP
$4.42B
| $42.9M | 0.01% |
4,713,520
-123,609
| -3% | -$1.05M |
|
982
Zillow
Z
$7.79B
| $42.9M | 0.01% |
968,764
+165,488
| +21% | +$8.63M |
|
983
Old National Bancorp
ONB
$10.2B
| $42.8M | 0.01% |
2,217,098
+335,910
| +18% | +$6.61M |
|
|
AVNS
984
DELISTED
Avanos Medical
AVNS
| $42.7M | 0.01% |
622,875
+50,258
| +9% | +$3.23M |
|
985
Enviri
NVRI
$623M
| $42.6M | 0.01% |
1,492,280
| – | – |
|
986
Helen of Troy
HELE
$644M
| $42.5M | 0.01% |
324,556
+28,059
| +9% | +$3.31M |
|
987
HEICO Corp Class A
HEI.A
$36B
| $42.5M | 0.01% |
562,413
+184,862
| +49% | +$12.7M |
|
988
Euronet Worldwide
EEFT
$2.72B
| $42.4M | 0.01% |
423,351
| – | – |
|
989
Universal Display
OLED
$3.75B
| $42.3M | 0.01% |
359,161
-24,834
| -6% | -$2.73M |
|
990
Hilton Grand Vacations
HGV
$3.62B
| $42.3M | 0.01% |
1,278,039
| – | – |
|
991
AXIS Capital
AXS
$7.68B
| $42.3M | 0.01% |
732,163
-179,506
| -20% | -$10.2M |
|
|
ZNGA
992
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $42.2M | 0.01% |
10,533,768
-587,536
| -5% | -$2.36M |
|
|
TWO
993
Two Harbors Investment
TWO
$1.27B
| $42.2M | 0.01% |
706,457
+271,286
| +62% | +$16.9M |
|
|
IRBT
994
DELISTED
iRobot
IRBT
| $42.1M | 0.01% |
383,179
+13,651
| +4% | +$1.28M |
|
|
IBKC
995
DELISTED
IBERIABANK Corp
IBKC
| $42.1M | 0.01% |
517,753
+11,792
| +2% | +$981K |
|
996
AGCO
AGCO
$7.4B
| $41.9M | 0.01% |
689,922
| – | – |
|
997
iRhythm Holdings
IRTC
$3.85B
| $41.9M | 0.01% |
442,840
-23,201
| -5% | -$2.02M |
|
998
Credit Acceptance
CACC
$5.95B
| $41.9M | 0.01% |
95,642
+6,657
| +7% | +$2.79M |
|
|
AKRX
999
DELISTED
Akorn Inc
AKRX
| $41.9M | 0.01% |
3,227,869
+553,403
| +21% | +$9.1M |
|
1000
Dana Inc
DAN
$2.9B
| $41.8M | 0.01% |
2,238,992
-101,668
| -4% | -$2.05M |
|
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.