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 | |
|---|---|---|---|---|---|---|
|
DNKN
1026
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $35.3M | 0.01% |
591,822
| – | – |
|
1027
International Bancshares
IBOC
$4.76B
| $35.3M | 0.01% |
907,377
| – | – |
|
1028
RLJ Lodging Trust
RLJ
$1.86B
| $35.3M | 0.01% |
1,814,398
| – | – |
|
1029
Antero Resources
AR
$11.1B
| $35.1M | 0.01% |
1,770,359
+287,022
| +19% | +$5.56M |
|
1030
Flowers Foods
FLO
$1.49B
| $35.1M | 0.01% |
1,606,169
| – | – |
|
1031
Euronet Worldwide
EEFT
$2.72B
| $35.1M | 0.01% |
444,860
-78,160
| -15% | -$6.88M |
|
1032
Atlassian
TEAM
$25.6B
| $35.1M | 0.01% |
650,150
| – | – |
|
1033
Evercore
EVR
$12.4B
| $35.1M | 0.01% |
401,992
-79,171
| -16% | -$7.46M |
|
1034
iQIYI
IQ
$1.23B
| $35M | 0.01% |
+2,250,000
| New | +$35M |
|
1035
Deckers Outdoor
DECK
$13.2B
| $35M | 0.01% |
2,330,202
-30,156
| -1% | -$453K |
|
1036
Ubiquiti
UI
$33.7B
| $34.9M | 0.01% |
507,245
+190,582
| +60% | +$13.6M |
|
1037
Pilgrim's Pride
PPC
$6.51B
| $34.8M | 0.01% |
1,413,992
+186,894
| +15% | +$5.02M |
|
1038
Builders FirstSource
BLDR
$7.15B
| $34.7M | 0.01% |
1,749,640
+292,710
| +20% | +$6.2M |
|
1039
First Industrial Realty Trust
FR
$8.73B
| $34.7M | 0.01% |
1,185,895
| – | – |
|
1040
Sarepta Therapeutics
SRPT
$1.57B
| $34.6M | 0.01% |
467,133
-20,901
| -4% | -$1.39M |
|
1041
Navient
NAVI
$789M
| $34.6M | 0.01% |
2,635,549
-812,505
| -24% | -$11.1M |
|
1042
Azenta
AZTA
$1.3B
| $34.5M | 0.01% |
1,274,232
| – | – |
|
1043
La-Z-Boy
LZB
$1.58B
| $34.5M | 0.01% |
1,151,434
-152,708
| -12% | -$4.69M |
|
|
JOYY
1044
JOYY Inc
JOYY
$3.71B
| $34.5M | 0.01% |
327,736
+56,281
| +21% | +$7.09M |
|
1045
Omega Healthcare
OHI
$15.1B
| $34.4M | 0.01% |
1,272,717
| – | – |
|
1046
Ashland
ASH
$3.33B
| $34.4M | 0.01% |
493,048
-115,271
| -19% | -$8.3M |
|
|
HR
1047
DELISTED
Healthcare Realty Trust Incorporated
HR
| $34.4M | 0.01% |
1,241,502
| – | – |
|
|
LOXO
1048
DELISTED
Loxo Oncology, Inc
LOXO
| $34.4M | 0.01% |
298,123
+36,578
| +14% | +$3.89M |
|
1049
United Natural Foods
UNFI
$3.08B
| $34.3M | 0.01% |
799,088
| – | – |
|
1050
National Fuel Gas
NFG
$7.82B
| $34.3M | 0.01% |
666,274
+9,800
| +1% | +$512K |
|
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.