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 | |
|---|---|---|---|---|---|---|
|
LHO
1026
DELISTED
LaSalle Hotel Properties
LHO
| $40.3M | 0.01% |
1,165,972
| – | – |
|
|
STMP
1027
DELISTED
Stamps.com, Inc.
STMP
| $40.3M | 0.01% |
178,082
+24,377
| +16% | +$6.1M |
|
1028
Wolfspeed
WOLF
$1.23B
| $40.3M | 0.01% |
1,063,422
+317,080
| +42% | +$14.4M |
|
1029
WEX
WEX
$6.37B
| $40.2M | 0.01% |
200,095
+28,322
| +16% | +$5.43M |
|
1030
ScottsMiracle-Gro
SMG
$3.82B
| $40.1M | 0.01% |
509,925
+49,148
| +11% | +$3.86M |
|
|
SFLY
1031
DELISTED
Shutterfly, Inc.
SFLY
| $40.1M | 0.01% |
609,243
+13,563
| +2% | +$1.07M |
|
|
AY
1032
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $40.1M | 0.01% |
1,949,925
-195,218
| -9% | -$4.01M |
|
|
VRNT
1033
DELISTED
Verint Systems
VRNT
| $40M | 0.01% |
1,568,949
| – | – |
|
1034
Navient
NAVI
$789M
| $40M | 0.01% |
2,970,163
| – | – |
|
1035
Kinross Gold
KGC
$27.4B
| $40M | 0.01% |
14,804,047
+800,682
| +6% | +$2.59M |
|
|
COR
1036
DELISTED
Coresite Realty Corporation
COR
| $40M | 0.01% |
360,054
+38,594
| +12% | +$4.39M |
|
1037
Factset
FDS
$9.36B
| $40M | 0.01% |
178,856
| – | – |
|
1038
Progress Software
PRGS
$1.66B
| $40M | 0.01% |
1,133,683
+37,971
| +3% | +$1.51M |
|
|
B
1039
DELISTED
Barnes Group Inc.
B
| $40M | 0.01% |
562,976
-169,290
| -23% | -$11.2M |
|
1040
QuidelOrtho
QDEL
$1.14B
| $40M | 0.01% |
613,433
+54,495
| +10% | +$3.81M |
|
1041
RLJ Lodging Trust
RLJ
$1.86B
| $40M | 0.01% |
1,814,398
| – | – |
|
1042
Cable One
CABO
$227M
| $40M | 0.01% |
45,224
| – | – |
|
1043
Post Holdings
POST
$4.14B
| $39.9M | 0.01% |
622,581
+64,184
| +11% | +$3.94M |
|
1044
Genpact
G
$5.96B
| $39.9M | 0.01% |
1,302,908
-194,095
| -13% | -$5.89M |
|
1045
Visteon
VC
$2.79B
| $39.8M | 0.01% |
428,700
-64,125
| -13% | -$7.42M |
|
1046
Generac Holdings
GNRC
$11.6B
| $39.7M | 0.01% |
703,128
-40,389
| -5% | -$2.21M |
|
1047
First Hawaiian
FHB
$3.38B
| $39.6M | 0.01% |
1,458,990
+390,000
| +36% | +$11.2M |
|
1048
DigitalBridge
DBRG
$2.93B
| $39.6M | 0.01% |
1,624,888
| – | – |
|
1049
Kulicke & Soffa
KLIC
$4.67B
| $39.5M | 0.01% |
1,658,516
| – | – |
|
1050
International Bancshares
IBOC
$4.76B
| $39.5M | 0.01% |
878,498
-28,879
| -3% | -$1.32M |
|
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.