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 | |
|---|---|---|---|---|---|---|
|
KYNB
1101
Kyntra Bio
KYNB
$27.2M
| $31.9M | 0.01% |
27,616
+1,015
| +4% | +$1.34M |
|
|
MBFI
1102
DELISTED
MB Financial Corp
MBFI
| $31.9M | 0.01% |
787,742
+145,000
| +23% | +$6.28M |
|
1103
Paycom
PAYC
$7.64B
| $31.9M | 0.01% |
296,666
+81,855
| +38% | +$7.86M |
|
|
CALY
1104
Callaway Golf Company
CALY
$3.32B
| $31.8M | 0.01% |
1,946,530
-323,872
| -14% | -$4.93M |
|
|
AUY
1105
DELISTED
Yamana Gold, Inc.
AUY
| $31.8M | 0.01% |
11,529,293
+44,700
| +0.4% | +$138K |
|
1106
LendingTree
TREE
$447M
| $31.8M | 0.01% |
96,893
+71,607
| +283% | +$25.8M |
|
1107
Cable One
CABO
$227M
| $31.8M | 0.01% |
46,224
+2,776
| +6% | +$1.94M |
|
|
SYKE
1108
DELISTED
SYKES Enterprises Inc
SYKE
| $31.7M | 0.01% |
1,095,926
| – | – |
|
1109
NiSource
NI
$21.3B
| $31.7M | 0.01% |
1,325,700
-819,167
| -38% | -$19.4M |
|
1110
CNA Financial
CNA
$14.2B
| $31.7M | 0.01% |
642,212
-139,197
| -18% | -$7.28M |
|
1111
Cinemark Holdings
CNK
$4.24B
| $31.6M | 0.01% |
840,180
+25,704
| +3% | +$976K |
|
1112
Urban Edge Properties
UE
$2.86B
| $31.6M | 0.01% |
1,481,558
+27,743
| +2% | +$622K |
|
1113
Telephone and Data Systems
TDS
$3.82B
| $31.6M | 0.01% |
1,126,114
-137,328
| -11% | -$3.73M |
|
1114
Minerals Technologies
MTX
$2.36B
| $31.3M | 0.01% |
466,795
-1,998
| -0.4% | -$143K |
|
|
EPAY
1115
DELISTED
Bottomline Technologies Inc
EPAY
| $31.2M | 0.01% |
804,158
-114,659
| -12% | -$4.28M |
|
1116
Synaptics
SYNA
$4.19B
| $31.1M | 0.01% |
681,053
+119,232
| +21% | +$5.41M |
|
1117
TripAdvisor
TRIP
$1.65B
| $31.1M | 0.01% |
761,368
+172,502
| +29% | +$6.74M |
|
|
ALOG
1118
DELISTED
Analogic Corp
ALOG
| $31.1M | 0.01% |
324,365
| – | – |
|
1119
Weibo
WB
$2B
| $31.1M | 0.01% |
260,173
+36,211
| +16% | +$4.62M |
|
1120
Usana Health Sciences
USNA
$408M
| $31.1M | 0.01% |
361,814
-10,200
| -3% | -$790K |
|
|
RPAI
1121
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $31.1M | 0.01% |
2,662,922
| – | – |
|
1122
Universal Display
OLED
$3.68B
| $31M | 0.01% |
307,409
+37,272
| +14% | +$5.6M |
|
|
CXP
1123
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $31M | 0.01% |
1,516,040
| – | – |
|
|
MOMO
1124
Hello Group
MOMO
$885M
| $30.9M | 0.01% |
827,732
| – | – |
|
1125
Copa Holdings
CPA
$5.76B
| $30.9M | 0.01% |
240,489
+21,907
| +10% | +$2.94M |
|
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.