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 | |
|---|---|---|---|---|---|---|
1076
Evercore
EVR
$12.4B
| $36M | 0.01% |
449,402
| – | – |
|
1077
Progress Software
PRGS
$1.66B
| $35.9M | 0.01% |
944,229
| – | – |
|
1078
Coty
COTY
$2.42B
| $35.8M | 0.01% |
3,406,225
-375,001
| -10% | -$3.89M |
|
|
SINA
1079
DELISTED
Sina Corp
SINA
| $35.7M | 0.01% |
911,739
+24,378
| +3% | +$994K |
|
|
SCS
1080
DELISTED
Steelcase
SCS
| $35.7M | 0.01% |
1,939,858
| – | – |
|
1081
Zillow
Z
$7.79B
| $35.7M | 0.01% |
1,196,822
| – | – |
|
1082
Hancock Whitney
HWC
$6.2B
| $35.6M | 0.01% |
930,016
+46,980
| +5% | +$1.79M |
|
|
JOYY
1083
JOYY Inc
JOYY
$3.71B
| $35.6M | 0.01% |
632,909
+30,330
| +5% | +$1.84M |
|
1084
Boston Beer
SAM
$1.91B
| $35.6M | 0.01% |
97,739
-8,077
| -8% | -$3.17M |
|
1085
Comfort Systems
FIX
$60.9B
| $35.5M | 0.01% |
802,760
-18,903
| -2% | -$824K |
|
|
P
1086
Everpure Inc
P
$25.7B
| $35.5M | 0.01% |
2,094,803
+450,213
| +27% | +$7.06M |
|
|
WCC
1087
WESCO International
WCC
$16.7B
| $35.4M | 0.01% |
741,551
-46,008
| -6% | -$2.17M |
|
1088
KBR
KBR
$4.64B
| $35.4M | 0.01% |
1,441,733
| – | – |
|
1089
Azenta
AZTA
$1.3B
| $35.2M | 0.01% |
951,839
| – | – |
|
|
PBCT
1090
DELISTED
People's United Financial Inc
PBCT
| $35.1M | 0.01% |
2,248,229
| – | – |
|
|
SIX
1091
DELISTED
Six Flags Entertainment Corp.
SIX
| $35.1M | 0.01% |
691,318
| – | – |
|
1092
Viavi Solutions
VIAV
$9.12B
| $35.1M | 0.01% |
2,503,320
+68,823
| +3% | +$979K |
|
|
COUP
1093
DELISTED
Coupa Software Incorporated
COUP
| $35M | 0.01% |
270,423
+30,000
| +12% | +$4.15M |
|
1094
Advanced Energy
AEIS
$11.6B
| $35M | 0.01% |
610,295
| – | – |
|
1095
Goodyear
GT
$2B
| $35M | 0.01% |
2,428,504
+118,125
| +5% | +$1.57M |
|
1096
The Ensign Group
ENSG
$10.4B
| $34.9M | 0.01% |
787,509
| – | – |
|
1097
Murphy USA
MUSA
$11.2B
| $34.9M | 0.01% |
409,194
+21,099
| +5% | +$1.86M |
|
1098
WaFd
WAFD
$2.72B
| $34.9M | 0.01% |
942,917
-94,250
| -9% | -$3.37M |
|
1099
RLI Corp
RLI
$5.62B
| $34.9M | 0.01% |
750,470
| – | – |
|
1100
Columbia Sportswear
COLM
$3.04B
| $34.8M | 0.01% |
359,495
-8,058
| -2% | -$797K |
|
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.