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 | |
|---|---|---|---|---|---|---|
1126
Mattel
MAT
$4.38B
| $30.9M | 0.01% |
2,347,702
-980,824
| -29% | -$15.3M |
|
1127
Old National Bancorp
ONB
$10.2B
| $30.8M | 0.01% |
1,822,636
+139,840
| +8% | +$2.46M |
|
1128
Integra LifeSciences
IART
$1.29B
| $30.8M | 0.01% |
556,434
+29,865
| +6% | +$1.57M |
|
1129
Power Integrations
POWI
$3.38B
| $30.8M | 0.01% |
899,930
| – | – |
|
|
SCG
1130
DELISTED
Scana
SCG
| $30.7M | 0.01% |
818,684
+108,300
| +15% | +$4.34M |
|
1131
Wendy's
WEN
$1.4B
| $30.7M | 0.01% |
1,748,763
| – | – |
|
|
AMED
1132
DELISTED
Amedisys
AMED
| $30.7M | 0.01% |
508,276
| – | – |
|
1133
Enpro
NPO
$6.63B
| $30.7M | 0.01% |
396,160
-2,400
| -0.6% | -$198K |
|
|
HZNP
1134
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $30.7M | 0.01% |
2,158,675
| – | – |
|
1135
Bank OZK
OZK
$5.6B
| $30.6M | 0.01% |
633,219
| – | – |
|
1136
SiriusPoint
SPNT
$2.75B
| $30.6M | 0.01% |
2,190,795
-6,623
| -0.3% | -$93.9K |
|
1137
Energizer
ENR
$1.44B
| $30.5M | 0.01% |
511,869
+181,125
| +55% | +$9.76M |
|
1138
Darling Ingredients
DAR
$9.64B
| $30.3M | 0.01% |
1,754,252
+64,600
| +4% | +$1.17M |
|
|
COR
1139
DELISTED
Coresite Realty Corporation
COR
| $30.3M | 0.01% |
302,648
+12,735
| +4% | +$1.3M |
|
1140
Supernus Pharmaceuticals
SUPN
$2.59B
| $30.3M | 0.01% |
662,409
+75,818
| +13% | +$3.16M |
|
1141
Zurn Elkay Water Solutions
ZWS
$8.38B
| $30.3M | 0.01% |
2,118,766
+537,388
| +34% | +$7.37M |
|
1142
Tenet Healthcare
THC
$20.5B
| $30.3M | 0.01% |
1,248,856
+722,273
| +137% | +$14.4M |
|
|
MANT
1143
DELISTED
Mantech International Corp
MANT
| $30.2M | 0.01% |
544,824
-60,045
| -10% | -$3.2M |
|
1144
Abercrombie & Fitch
ANF
$4.42B
| $30.2M | 0.01% |
+1,246,030
| New | +$26.3M |
|
1145
EastGroup Properties
EGP
$11.2B
| $30.1M | 0.01% |
364,633
| – | – |
|
|
STMP
1146
DELISTED
Stamps.com, Inc.
STMP
| $30.1M | 0.01% |
149,849
| – | – |
|
1147
Strategy Inc
MSTR
$34.1B
| $30.1M | 0.01% |
2,334,510
+291,330
| +14% | +$3.92M |
|
1148
Emergent Biosolutions
EBS
$373M
| $30M | 0.01% |
570,625
+53,997
| +10% | +$2.69M |
|
1149
WesBanco
WSBC
$3.97B
| $30M | 0.01% |
708,626
| – | – |
|
1150
Agios Pharmaceuticals
AGIO
$1.79B
| $30M | 0.01% |
366,476
+50,000
| +16% | +$3.86M |
|
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.