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
|
+$836M |
| 2 |
VMRK
Vivmark Residential
VMRK
|
+$579M |
| 3 |
Equitable Holdings
EQH
|
+$351M |
| 4 |
AT&T
T
|
+$345M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$657M |
| 2 |
MON
Monsanto Co
MON
|
+$486M |
| 3 |
Apple
AAPL
|
+$230M |
| 4 |
American International
AIG
|
+$211M |
| 5 |
SL Green Realty
SLG
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.86% |
| 2 | Technology | 17.5% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Discretionary | 11.54% |
| 5 | Communication Services | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
iRhythm Holdings
IRTC
$3.69B
| $37.8M | 0.01% |
466,041
+48,636
| +12% | +$3.4M |
|
1052
CONMED
CNMD
$1.41B
| $37.8M | 0.01% |
516,261
+77,900
| +18% | +$5.3M |
|
|
SCG
1053
DELISTED
Scana
SCG
| $37.8M | 0.01% |
980,600
+161,916
| +20% | +$5.89M |
|
1054
Chord Energy
CHRD
$8.04B
| $37.6M | 0.01% |
2,900,202
+286,544
| +11% | +$3.26M |
|
1055
Valmont Industries
VMI
$9.18B
| $37.6M | 0.01% |
249,430
-12,448
| -5% | -$1.82M |
|
1056
JELD-WEN Holding
JELD
$166M
| $37.5M | 0.01% |
1,312,579
-49,192
| -4% | -$1.43M |
|
1057
Watts Water Technologies
WTS
$11.6B
| $37.5M | 0.01% |
478,359
+125,738
| +36% | +$9.76M |
|
|
BLD
1058
DELISTED
TopBuild
BLD
| $37.4M | 0.01% |
477,611
-156,824
| -25% | -$12.6M |
|
|
TMHC
1059
DELISTED
Taylor Morrison
TMHC
| $37.4M | 0.01% |
1,798,406
-222,844
| -11% | -$4.96M |
|
1060
Valley National Bancorp
VLY
$7.48B
| $37.3M | 0.01% |
3,070,269
+386,895
| +14% | +$4.88M |
|
|
ORBK
1061
DELISTED
Orbotech Ltd
ORBK
| $37.3M | 0.01% |
603,209
-217,768
| -27% | -$13.5M |
|
1062
QuidelOrtho
QDEL
$739M
| $37.2M | 0.01% |
558,938
+83,331
| +18% | +$5.04M |
|
|
SRC
1063
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $37.1M | 0.01% |
925,279
-106,407
| -10% | -$4.04M |
|
1064
Usana Health Sciences
USNA
$272M
| $37.1M | 0.01% |
321,469
-40,345
| -11% | -$4.41M |
|
|
DOOR
1065
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $37M | 0.01% |
515,650
-77,929
| -13% | -$5.1M |
|
|
SKX
1066
DELISTED
Skechers
SKX
| $37M | 0.01% |
1,233,909
-38,104
| -3% | -$1.22M |
|
1067
First Bancorp
FBP
$4.22B
| $37M | 0.01% |
4,837,129
| – | – |
|
1068
Morningstar
MORN
$7.6B
| $36.9M | 0.01% |
287,802
| – | – |
|
1069
Knight Transportation
KNX
$10.7B
| $36.9M | 0.01% |
964,628
-76,335
| -7% | -$3.14M |
|
1070
Brink's
BCO
$4.47B
| $36.8M | 0.01% |
461,649
-38,194
| -8% | -$2.89M |
|
|
VVC
1071
DELISTED
Vectren Corporation
VVC
| $36.8M | 0.01% |
515,009
+47,160
| +10% | +$3.26M |
|
1072
Caleres
CAL
$415M
| $36.8M | 0.01% |
1,069,724
+117,368
| +12% | +$4.04M |
|
|
AHL
1073
DELISTED
ASPEN Insurance Holding Limited
AHL
| $36.7M | 0.01% |
902,549
-1,222
| -0.1% | -$52.7K |
|
|
HMSY
1074
DELISTED
HMS Holdings Corp.
HMSY
| $36.7M | 0.01% |
1,697,999
-42,086
| -2% | -$851K |
|
|
STOR
1075
DELISTED
STORE Capital Corporation
STOR
| $36.7M | 0.01% |
1,338,682
+250,501
| +23% | +$6.49M |
|
Similar funds
Norges Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Norges Bank held 2,219 positions worth $291B, up 5.4% from $276B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q2 2018 filing shows 75 new, 838 increased, 618 reduced and 85 closed positions. Its largest new stake was Equitable Holdings: 16,478,469 shares worth $340M. The largest sale was Time Warner Inc, an estimated $657M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2018 buy was Equitable Holdings: 16,478,469 shares worth $340M.
- Norges Bank added most to Alibaba in Q2 2018, an estimated $836M increase.
- Norges Bank's biggest Q2 2018 reduction was Apple, cutting an estimated $230M.
- Norges Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $657M.
- Norges Bank's ten largest holdings make up 16% of its $291B portfolio in Q2 2018.
- Norges Bank opened 75 new positions and closed 85 in Q2 2018.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $291B.
Based on Norges Bank's 13F filing for Q2 2018, filed 23 Jul 2018.