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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Evercore
EVR
$12.4B
| $40.9M | 0.01% |
449,402
| – | – |
|
1002
Darling Ingredients
DAR
$9.64B
| $40.9M | 0.01% |
1,886,930
+183,646
| +11% | +$3.88M |
|
1003
Prosperity Bancshares
PB
$8.97B
| $40.8M | 0.01% |
591,152
| – | – |
|
1004
HealthEquity
HQY
$8.41B
| $40.8M | 0.01% |
551,281
+49,188
| +10% | +$3.46M |
|
1005
Cinemark Holdings
CNK
$4.24B
| $40.8M | 0.01% |
1,019,546
+2,604
| +0.3% | +$102K |
|
|
WMGI
1006
DELISTED
Wright Medical Group Inc
WMGI
| $40.4M | 0.01% |
1,285,292
+262,759
| +26% | +$7.98M |
|
1007
Axalta
AXTA
$7.66B
| $40.4M | 0.01% |
1,603,185
| – | – |
|
|
BPYU
1008
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $40.2M | 0.01% |
1,963,239
| – | – |
|
|
STAY
1009
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $40M | 0.01% |
2,230,829
| – | – |
|
|
NEWR
1010
DELISTED
New Relic, Inc.
NEWR
| $40M | 0.01% |
405,648
| – | – |
|
|
SRC
1011
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $40M | 0.01% |
1,006,779
+51,143
| +5% | +$1.95M |
|
1012
Adient
ADNT
$1.65B
| $40M | 0.01% |
3,084,818
+2,360,553
| +326% | +$41.3M |
|
1013
Essent Group
ESNT
$6.08B
| $39.9M | 0.01% |
919,348
+29,256
| +3% | +$1.2M |
|
1014
Howard Hughes
HHH
$3.81B
| $39.8M | 0.01% |
379,967
| – | – |
|
|
MFA
1015
MFA Financial
MFA
$926M
| $39.8M | 0.01% |
1,369,565
+37,425
| +3% | +$1.08M |
|
1016
Silicon Laboratories
SLAB
$7.17B
| $39.8M | 0.01% |
491,669
-37,189
| -7% | -$3.09M |
|
1017
Southwest Gas
SWX
$6.47B
| $39.7M | 0.01% |
482,627
+38,789
| +9% | +$3.1M |
|
1018
Helen of Troy
HELE
$644M
| $39.7M | 0.01% |
341,990
+17,434
| +5% | +$2.01M |
|
1019
First Bancorp
FBP
$4.42B
| $39.6M | 0.01% |
3,454,917
-1,258,603
| -27% | -$13.3M |
|
1020
Goodyear
GT
$2B
| $39.6M | 0.01% |
2,181,130
| – | – |
|
1021
National Health Investors
NHI
$3.72B
| $39.5M | 0.01% |
503,412
+13,238
| +3% | +$1.05M |
|
1022
Associated Banc-Corp
ASB
$5.83B
| $39.5M | 0.01% |
1,851,625
| – | – |
|
1023
Commault Systems
CVLT
$4.88B
| $39.3M | 0.01% |
606,875
-15,135
| -2% | -$978K |
|
|
VISN
1024
Vistance Networks Inc
VISN
$2.65B
| $39.3M | 0.01% |
1,807,027
| – | – |
|
|
IBKC
1025
DELISTED
IBERIABANK Corp
IBKC
| $39.2M | 0.01% |
547,259
+15,556
| +3% | +$1.15M |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.