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 | |
|---|---|---|---|---|---|---|
|
ERF
1076
DELISTED
Enerplus Corporation
ERF
| $37.8M | 0.01% |
3,063,853
| – | – |
|
|
BBBY
1077
DELISTED
Bed Bath & Beyond Inc
BBBY
| $37.8M | 0.01% |
2,520,143
-32,697
| -1% | -$612K |
|
1078
Qualys
QLYS
$5.1B
| $37.8M | 0.01% |
423,839
| – | – |
|
1079
Merit Medical Systems
MMSI
$5.08B
| $37.6M | 0.01% |
612,574
+32,183
| +6% | +$1.85M |
|
|
CMBT
1080
CMB.TECH NV
CMBT
$4.69B
| $37.6M | 0.01% |
4,347,876
| – | – |
|
|
LEXEA
1081
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $37.6M | 0.01% |
800,151
+2,148
| +0.3% | +$100K |
|
|
JOYY
1082
JOYY Inc
JOYY
$3.71B
| $37.6M | 0.01% |
502,340
| – | – |
|
1083
HealthEquity
HQY
$8.41B
| $37.6M | 0.01% |
398,106
+42,678
| +12% | +$3.68M |
|
|
VRN
1084
DELISTED
Veren
VRN
| $37.5M | 0.01% |
5,899,198
+606,138
| +11% | +$3.99M |
|
1085
Supernus Pharmaceuticals
SUPN
$2.59B
| $37.5M | 0.01% |
743,845
| – | – |
|
1086
Energizer
ENR
$1.44B
| $37.4M | 0.01% |
637,676
+125,807
| +25% | +$7.92M |
|
1087
Caleres
CAL
$431M
| $37.4M | 0.01% |
1,042,749
-26,975
| -3% | -$966K |
|
|
SRC
1088
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $37.3M | 0.01% |
925,279
| – | – |
|
|
HR
1089
DELISTED
Healthcare Realty Trust Incorporated
HR
| $37.3M | 0.01% |
1,273,812
+32,310
| +3% | +$965K |
|
1090
WIX.com
WIX
$2.3B
| $37.3M | 0.01% |
311,362
+95,370
| +44% | +$10.2M |
|
1091
Wintrust Financial
WTFC
$10.8B
| $37.3M | 0.01% |
438,761
| – | – |
|
1092
SM Energy
SM
$7.8B
| $37.2M | 0.01% |
1,180,687
| – | – |
|
|
OPTU
1093
Optimum Communications Inc
OPTU
$298M
| $37.2M | 0.01% |
2,051,174
-1,898,398
| -48% | -$34M |
|
|
STOR
1094
DELISTED
STORE Capital Corporation
STOR
| $37.2M | 0.01% |
1,338,682
| – | – |
|
1095
Twilio
TWLO
$30B
| $37.2M | 0.01% |
430,648
+57,626
| +15% | +$4.21M |
|
|
MFA
1096
MFA Financial
MFA
$926M
| $37.1M | 0.01% |
1,262,545
+150,000
| +13% | +$4.63M |
|
1097
Hancock Whitney
HWC
$6.2B
| $37.1M | 0.01% |
779,715
+19,066
| +3% | +$959K |
|
1098
NorthWestern Energy
NWE
$4.23B
| $37M | 0.01% |
631,482
| – | – |
|
1099
PENN Entertainment
PENN
$2.75B
| $37M | 0.01% |
1,124,228
-29,166
| -3% | -$971K |
|
1100
Vermilion Energy
VET
$1.82B
| $37M | 0.01% |
1,123,845
+133,581
| +13% | +$4.46M |
|
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.