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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AXON
1026
Axon Enterprise
AXON
$42.5B
| $39.1M | 0.01% |
689,409
+77,975
| +13% | +$4.92M |
|
1027
DigitalBridge
DBRG
$2.93B
| $39.1M | 0.01% |
1,624,888
| – | – |
|
|
SYNH
1028
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $38.9M | 0.01% |
730,698
| – | – |
|
1029
Wendy's
WEN
$1.4B
| $38.8M | 0.01% |
1,943,412
| – | – |
|
1030
Morningstar
MORN
$7.22B
| $38.8M | 0.01% |
265,586
| – | – |
|
|
CLR
1031
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $38.8M | 0.01% |
1,260,386
| – | – |
|
1032
National Fuel Gas
NFG
$7.82B
| $38.7M | 0.01% |
824,877
| – | – |
|
|
COHR
1033
DELISTED
Coherent Inc
COHR
| $38.7M | 0.01% |
251,462
-13,909
| -5% | -$2.01M |
|
1034
Timken Company
TKR
$9.56B
| $38.6M | 0.01% |
886,875
| – | – |
|
1035
iQIYI
IQ
$1.23B
| $38.6M | 0.01% |
2,391,404
+99,983
| +4% | +$1.84M |
|
1036
Valley National Bancorp
VLY
$7.9B
| $38.4M | 0.01% |
3,533,034
+22,768
| +0.6% | +$244K |
|
1037
Xencor
XNCR
$1.5B
| $38.3M | 0.01% |
1,136,289
+74,267
| +7% | +$2.96M |
|
1038
Helmerich & Payne
HP
$3.45B
| $38.3M | 0.01% |
954,607
| – | – |
|
1039
Darling Ingredients
DAR
$9.64B
| $38.2M | 0.01% |
1,997,858
| – | – |
|
1040
Hyatt Hotels
H
$16.4B
| $38.2M | 0.01% |
518,622
| – | – |
|
1041
Ryder
R
$9.83B
| $38.2M | 0.01% |
737,175
| – | – |
|
1042
Bank of Hawaii
BOH
$3.15B
| $38.1M | 0.01% |
442,903
| – | – |
|
|
MYOK
1043
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $38.1M | 0.01% |
729,672
+323,207
| +80% | +$17.2M |
|
1044
Diodes
DIOD
$3.78B
| $38M | 0.01% |
945,631
-12,543
| -1% | -$485K |
|
|
AGR
1045
DELISTED
Avangrid, Inc.
AGR
| $37.9M | 0.01% |
724,765
| – | – |
|
1046
Terreno Realty
TRNO
$7.57B
| $37.8M | 0.01% |
739,810
| – | – |
|
1047
Sarepta Therapeutics
SRPT
$1.57B
| $37.7M | 0.01% |
501,123
+14,522
| +3% | +$1.72M |
|
1048
Cimpress
CMPR
$2.39B
| $37.6M | 0.01% |
285,122
| – | – |
|
1049
Power Integrations
POWI
$3.38B
| $37.6M | 0.01% |
831,332
-25,034
| -3% | -$1.09M |
|
1050
RH
RH
$3.13B
| $37.6M | 0.01% |
219,997
| – | – |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.