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 | |
|---|---|---|---|---|---|---|
1101
Factset
FDS
$9.83B
| $35.4M | 0.01% |
178,856
| – | – |
|
1102
Rogers Corp
ROG
$2.3B
| $35.4M | 0.01% |
317,462
+117,138
| +58% | +$13.7M |
|
1103
Casey's General Stores
CASY
$21.8B
| $35.4M | 0.01% |
336,571
| – | – |
|
|
RDC
1104
DELISTED
Rowan Companies Plc
RDC
| $35.3M | 0.01% |
2,177,786
-81,552
| -4% | -$1.22M |
|
|
SEM
1105
DELISTED
Select Medical
SEM
| $35.3M | 0.01% |
3,611,095
+1,710,267
| +90% | +$16.8M |
|
1106
Cameco
CCJ
$39.6B
| $35.2M | 0.01% |
3,134,851
+476,302
| +18% | +$5.19M |
|
1107
La-Z-Boy
LZB
$1.21B
| $35.2M | 0.01% |
1,151,434
| – | – |
|
1108
RenaissanceRe
RNR
$13.6B
| $35.2M | 0.01% |
292,573
+7,379
| +3% | +$954K |
|
|
LEXEA
1109
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $35.1M | 0.01% |
798,003
-21,538
| -3% | -$898K |
|
|
BRSL
1110
Brightstar Lottery PLC
BRSL
$1.92B
| $35.1M | 0.01% |
1,508,243
+564,158
| +60% | +$15M |
|
|
IPCC
1111
DELISTED
Infinity Property & Casualty C
IPCC
| $35M | 0.01% |
245,920
| – | – |
|
1112
Old National Bancorp
ONB
$9.68B
| $35M | 0.01% |
1,881,188
+58,552
| +3% | +$1.04M |
|
|
ILG
1113
DELISTED
ILG, Inc Common Stock
ILG
| $35M | 0.01% |
1,058,521
-99,862
| -9% | -$3.33M |
|
|
BDN
1114
Brandywine Realty Trust
BDN
$503M
| $34.9M | 0.01% |
2,069,394
| – | – |
|
1115
WaFd
WAFD
$2.43B
| $34.9M | 0.01% |
1,067,617
| – | – |
|
1116
Darling Ingredients
DAR
$10.3B
| $34.9M | 0.01% |
1,754,252
| – | – |
|
1117
EastGroup Properties
EGP
$10.6B
| $34.8M | 0.01% |
364,633
| – | – |
|
1118
Nelnet
NNI
$4.56B
| $34.8M | 0.01% |
596,081
-50,630
| -8% | -$2.93M |
|
|
TCF
1119
DELISTED
TCF Financial Corporation Common Stock
TCF
| $34.8M | 0.01% |
624,905
| – | – |
|
1120
Choice Hotels
CHH
$4.42B
| $34.7M | 0.01% |
459,389
| – | – |
|
|
ISBC
1121
DELISTED
Investors Bancorp, Inc.
ISBC
| $34.7M | 0.01% |
2,714,467
| – | – |
|
1122
Urban Edge Properties
UE
$2.53B
| $34.7M | 0.01% |
1,515,343
+33,785
| +2% | +$721K |
|
1123
Howmet Aerospace
HWM
$90.8B
| $34.6M | 0.01% |
2,655,918
+1,672,127
| +170% | +$24.8M |
|
1124
Penumbra
PEN
$12.5B
| $34.5M | 0.01% |
249,804
+94,730
| +61% | +$13.5M |
|
1125
BGC Group
BGC
$5.79B
| $34.5M | 0.01% |
4,734,773
| – | – |
|
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.