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 | |
|---|---|---|---|---|---|---|
|
TCF
1051
DELISTED
TCF Financial Corporation Common Stock
TCF
| $34.2M | 0.01% |
624,905
| – | – |
|
|
BCPC
1052
Balchem Corp
BCPC
$5.38B
| $34.2M | 0.01% |
417,973
-24,484
| -6% | -$1.93M |
|
1053
Webster Financial
WBS
$12.5B
| $34.1M | 0.01% |
615,059
| – | – |
|
|
TRCO
1054
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $34M | 0.01% |
839,295
-191,238
| -19% | -$8.06M |
|
1055
Ingevity
NGVT
$2.51B
| $34M | 0.01% |
461,339
+40,920
| +10% | +$3.06M |
|
|
TSG
1056
DELISTED
The Stars Group Inc.
TSG
| $34M | 0.01% |
1,232,486
+64,100
| +5% | +$1.68M |
|
1057
NETSCOUT
NTCT
$2.96B
| $34M | 0.01% |
1,288,930
+32,400
| +3% | +$881K |
|
|
1058
TechnipFMC
FTI
$28.1B
| $34M | 0.01% |
1,549,824
-10,492,955
| -87% | -$243M |
|
1059
Nelnet
NNI
$4.88B
| $33.9M | 0.01% |
646,711
-8,132
| -1% | -$431K |
|
1060
Korn Ferry
KFY
$4.18B
| $33.9M | 0.01% |
656,983
| – | – |
|
1061
BP
BP
$116B
| $33.9M | 0.01% |
899,473
-13,556
| -1% | -$511K |
|
1062
Southwest Gas
SWX
$6.47B
| $33.8M | 0.01% |
500,246
+41,606
| +9% | +$2.96M |
|
|
BECN
1063
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $33.7M | 0.01% |
634,798
-3,817
| -0.6% | -$220K |
|
1064
EPR Properties
EPR
$4.76B
| $33.6M | 0.01% |
607,150
+21,664
| +4% | +$1.25M |
|
|
MFA
1065
MFA Financial
MFA
$926M
| $33.5M | 0.01% |
1,112,545
| – | – |
|
1066
Boise Cascade
BCC
$2.69B
| $33.5M | 0.01% |
868,015
-99,717
| -10% | -$4.14M |
|
1067
NewMarket
NEU
$7.82B
| $33.5M | 0.01% |
83,317
| – | – |
|
1068
Valley National Bancorp
VLY
$7.9B
| $33.4M | 0.01% |
2,683,374
+305,121
| +13% | +$3.8M |
|
|
KAMN
1069
DELISTED
Kaman Corp
KAMN
| $33.3M | 0.01% |
536,277
-3,500
| -0.6% | -$215K |
|
1070
Bank of Hawaii
BOH
$3.15B
| $33.3M | 0.01% |
400,317
| – | – |
|
1071
DexCom
DXCM
$31.5B
| $33.3M | 0.01% |
1,794,224
+362,688
| +25% | +$5.36M |
|
1072
Forward Air
FWRD
$444M
| $33.1M | 0.01% |
626,374
| – | – |
|
1073
TD Synnex
SNX
$20.4B
| $33.1M | 0.01% |
559,256
+100,138
| +22% | +$6.23M |
|
|
AAMI
1074
Acadian Asset Management
AAMI
$3.08B
| $33M | 0.01% |
2,095,468
-26,403
| -1% | -$435K |
|
1075
Enviri
NVRI
$623M
| $32.9M | 0.01% |
1,592,389
-427,029
| -21% | -$8.2M |
|
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.