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 | |
|---|---|---|---|---|---|---|
1151
Forward Air
FWRD
$523M
| $33.2M | 0.01% |
562,306
-64,068
| -10% | -$3.67M |
|
1152
United Bankshares
UBSI
$6.44B
| $33.2M | 0.01% |
912,662
| – | – |
|
1153
Hilltop Holdings
HTH
$2.22B
| $33.2M | 0.01% |
1,504,437
+277,981
| +23% | +$6.47M |
|
1154
Blackstone Mortgage Trust
BXMT
$2.24B
| $33.2M | 0.01% |
1,055,727
+32,051
| +3% | +$1.01M |
|
1155
Cable One
CABO
$107M
| $33.2M | 0.01% |
45,224
-1,000
| -2% | -$679K |
|
|
NXGN
1156
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $33.1M | 0.01% |
1,695,051
-73,514
| -4% | -$1.16M |
|
1157
Universal Display
OLED
$3.51B
| $33M | 0.01% |
383,995
+76,586
| +25% | +$7.3M |
|
1158
Enviri
NVRI
$578M
| $33M | 0.01% |
1,492,280
-100,109
| -6% | -$2.31M |
|
1159
BHP
BHP
$214B
| $33M | 0.01% |
739,174
| – | – |
|
|
PVTL
1160
DELISTED
Pivotal Software, Inc.
PVTL
| $33M | 0.01% |
+1,357,895
| New | +$28M |
|
|
PEGI
1161
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $32.9M | 0.01% |
1,753,453
+1,371,218
| +359% | +$25M |
|
1162
Power Integrations
POWI
$2.66B
| $32.9M | 0.01% |
899,930
| – | – |
|
|
PRSP
1163
DELISTED
Perspecta Inc. Common Stock
PRSP
| $32.8M | 0.01% |
+1,596,186
| New | +$35.7M |
|
1164
Benchmark Electronics
BHE
$2.65B
| $32.8M | 0.01% |
1,125,208
-102,449
| -8% | -$2.94M |
|
|
WRI
1165
DELISTED
Weingarten Realty Investors
WRI
| $32.8M | 0.01% |
1,064,311
+64,000
| +6% | +$1.83M |
|
|
AVNS
1166
DELISTED
Avanos Medical
AVNS
| $32.8M | 0.01% |
572,617
+41,823
| +8% | +$2.21M |
|
|
SC
1167
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $32.8M | 0.01% |
1,717,190
-63,331
| -4% | -$1.15M |
|
1168
WEX
WEX
$6.72B
| $32.7M | 0.01% |
171,773
+171,703
| +245,290% | +$29.9M |
|
|
CAVM
1169
DELISTED
Cavium, Inc.
CAVM
| $32.7M | 0.01% |
378,022
+103,399
| +38% | +$8.28M |
|
1170
Boyd Gaming
BYD
$5.49B
| $32.7M | 0.01% |
942,927
-340,730
| -27% | -$12M |
|
1171
Acadia Healthcare
ACHC
$2.62B
| $32.6M | 0.01% |
796,624
+198,516
| +33% | +$8.01M |
|
|
MZTI
1172
The Marzetti Company
MZTI
$2.81B
| $32.5M | 0.01% |
234,960
-3,243
| -1% | -$416K |
|
1173
Valvoline
VVV
$3.46B
| $32.5M | 0.01% |
1,506,000
-567,800
| -27% | -$12M |
|
1174
Abercrombie & Fitch
ANF
$5.94B
| $32.4M | 0.01% |
1,324,162
+78,132
| +6% | +$2.04M |
|
|
XHR
1175
Xenia Hotels & Resorts
XHR
$1.62B
| $32.3M | 0.01% |
1,327,702
| – | – |
|
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.