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 | |
|---|---|---|---|---|---|---|
1001
Pediatrix Medical
MD
$2.12B
| $40.1M | 0.01% |
925,597
| – | – |
|
1002
RLJ Lodging Trust
RLJ
$1.65B
| $40M | 0.01% |
1,814,398
| – | – |
|
|
EQC
1003
DELISTED
Equity Commonwealth
EQC
| $40M | 0.01% |
1,268,628
| – | – |
|
|
CMBT
1004
CMB.TECH NV
CMBT
$5.7B
| $39.9M | 0.01% |
4,347,876
+981,532
| +29% | +$8.61M |
|
|
LHO
1005
DELISTED
LaSalle Hotel Properties
LHO
| $39.9M | 0.01% |
1,165,972
+61,784
| +6% | +$2M |
|
1006
Timken Company
TKR
$8.09B
| $39.9M | 0.01% |
915,890
-27,273
| -3% | -$1.27M |
|
1007
Kirby Corp
KEX
$7.23B
| $39.9M | 0.01% |
476,823
| – | – |
|
1008
Pool Corp
POOL
$6.1B
| $39.8M | 0.01% |
262,694
-16,910
| -6% | -$2.48M |
|
|
VG
1009
DELISTED
Vonage Holdings Corporation
VG
| $39.7M | 0.01% |
3,076,051
| – | – |
|
1010
Telephone and Data Systems
TDS
$4.27B
| $39.6M | 0.01% |
1,444,333
+318,219
| +28% | +$8.62M |
|
1011
ICL Group
ICL
$7.07B
| $39.5M | 0.01% |
8,665,850
-5,320,246
| -38% | -$24.4M |
|
1012
Stepan Co
SCL
$1.4B
| $39.5M | 0.01% |
506,791
-25,451
| -5% | -$1.94M |
|
1013
Kulicke & Soffa
KLIC
$4.16B
| $39.5M | 0.01% |
1,658,516
+87,298
| +6% | +$2.07M |
|
1014
Comfort Systems
FIX
$55.9B
| $39.3M | 0.01% |
859,136
| – | – |
|
|
WW
1015
DELISTED
WW International
WW
| $39.3M | 0.01% |
388,812
+39,659
| +11% | +$3.12M |
|
1016
Worthington Enterprises
WOR
$2.88B
| $39.2M | 0.01% |
1,516,155
| – | – |
|
1017
Cirrus Logic
CRUS
$5.91B
| $39.2M | 0.01% |
1,021,724
| – | – |
|
1018
Sunstone Hotel Investors
SHO
$2.05B
| $39.1M | 0.01% |
2,354,512
| – | – |
|
|
VMW
1019
DELISTED
VMware, Inc
VMW
| $39.1M | 0.01% |
265,938
+188,446
| +243% | +$26M |
|
1020
Oceaneering
OII
$4.64B
| $38.9M | 0.01% |
1,529,456
-76,516
| -5% | -$1.71M |
|
|
STMP
1021
DELISTED
Stamps.com, Inc.
STMP
| $38.9M | 0.01% |
153,705
+3,856
| +3% | +$929K |
|
|
SAFM
1022
DELISTED
Sanderson Farms Inc
SAFM
| $38.9M | 0.01% |
369,840
| – | – |
|
|
VRN
1023
DELISTED
Veren
VRN
| $38.9M | 0.01% |
5,293,060
-792,211
| -13% | -$6.24M |
|
1024
International Bancshares
IBOC
$4.41B
| $38.8M | 0.01% |
907,377
| – | – |
|
1025
Boise Cascade
BCC
$2.63B
| $38.8M | 0.01% |
868,015
| – | – |
|
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.