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 | |
|---|---|---|---|---|---|---|
1001
Myriad Genetics
MYGN
$270M
| $36.4M | 0.01% |
1,232,329
-78,114
| -6% | -$2.64M |
|
|
DOOR
1002
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $36.4M | 0.01% |
593,579
| – | – |
|
1003
AMC Global Media
AMCX
$492M
| $36.4M | 0.01% |
704,183
| – | – |
|
1004
Kemper
KMPR
$1.67B
| $36.3M | 0.01% |
636,494
-46,029
| -7% | -$2.83M |
|
|
ULTI
1005
DELISTED
Ultimate Software Group Inc
ULTI
| $36.2M | 0.01% |
148,734
+6,848
| +5% | +$1.62M |
|
|
EGN
1006
DELISTED
Energen
EGN
| $36.2M | 0.01% |
576,573
| – | – |
|
|
PCH
1007
DELISTED
PotlatchDeltic
PCH
| $36.1M | 0.01% |
694,279
+156,214
| +29% | +$8.12M |
|
|
UFS
1008
DELISTED
DOMTAR CORPORATION (New)
UFS
| $36.1M | 0.01% |
847,467
-173,732
| -17% | -$8.17M |
|
|
ILG
1009
DELISTED
ILG, Inc Common Stock
ILG
| $36M | 0.01% |
1,158,383
-161,497
| -12% | -$5.05M |
|
|
HOUS
1010
DELISTED
Anywhere Real Estate
HOUS
| $36M | 0.01% |
1,319,595
| – | – |
|
|
SRC
1011
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $35.9M | 0.01% |
1,031,686
-102,460
| -9% | -$3.65M |
|
|
GPT
1012
DELISTED
Gramercy Property Trust
GPT
| $35.9M | 0.01% |
1,651,314
+234,708
| +17% | +$5.58M |
|
1013
Inogen
INGN
$175M
| $35.9M | 0.01% |
291,865
+23,837
| +9% | +$2.91M |
|
1014
Sunstone Hotel Investors
SHO
$2.19B
| $35.8M | 0.01% |
2,354,512
| – | – |
|
|
MFGP
1015
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $35.8M | 0.01% |
2,105,465
| – | – |
|
1016
Factset
FDS
$9.36B
| $35.7M | 0.01% |
178,856
| – | – |
|
1017
Brink's
BCO
$4.88B
| $35.7M | 0.01% |
499,843
-1,373
| -0.3% | -$106K |
|
1018
Cooper-Standard Automotive
CPS
$523M
| $35.6M | 0.01% |
289,967
| – | – |
|
1019
Plexus
PLXS
$6.72B
| $35.5M | 0.01% |
594,954
-3,900
| -0.7% | -$239K |
|
|
CSGS
1020
DELISTED
CSG Systems International
CSGS
| $35.5M | 0.01% |
784,057
-118,788
| -13% | -$5.44M |
|
1021
Terex
TEX
$7.18B
| $35.5M | 0.01% |
947,855
-30,700
| -3% | -$1.33M |
|
1022
Comfort Systems
FIX
$60.9B
| $35.4M | 0.01% |
859,136
-71,973
| -8% | -$3.03M |
|
1023
Ionis Pharmaceuticals
IONS
$8.6B
| $35.4M | 0.01% |
803,338
+4,967
| +0.6% | +$252K |
|
1024
Bright Horizons
BFAM
$3.92B
| $35.4M | 0.01% |
354,620
| – | – |
|
1025
Chemed
CHE
$7.07B
| $35.3M | 0.01% |
129,468
-22,184
| -15% | -$5.88M |
|
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.