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 | |
|---|---|---|---|---|---|---|
1176
BHP
BHP
$215B
| $29.3M | 0.01% |
739,174
| – | – |
|
1177
Sanmina
SANM
$9.95B
| $29.2M | 0.01% |
1,116,693
| – | – |
|
|
DOC
1178
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $29.2M | 0.01% |
1,872,269
| – | – |
|
|
KLXI
1179
DELISTED
KLX Inc.
KLXI
| $29.1M | 0.01% |
486,415
+94,761
| +24% | +$5.54M |
|
1180
Itron
ITRI
$4.36B
| $29.1M | 0.01% |
407,063
| – | – |
|
1181
First Bancorp
FBP
$4.42B
| $29.1M | 0.01% |
4,837,129
-1,013,467
| -17% | -$5.97M |
|
|
IPCC
1182
DELISTED
Infinity Property & Casualty C
IPCC
| $29.1M | 0.01% |
245,920
-52,443
| -18% | -$5.8M |
|
1183
Groupon
GRPN
$1.05B
| $29.1M | 0.01% |
334,970
+110,090
| +49% | +$10.7M |
|
1184
Colliers International
CIGI
$5.04B
| $29.1M | 0.01% |
419,026
| – | – |
|
|
SC
1185
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $29M | 0.01% |
1,780,521
+511,132
| +40% | +$8.83M |
|
1186
Trex
TREX
$4.51B
| $29M | 0.01% |
1,066,796
+213,104
| +25% | +$5.87M |
|
|
PDM
1187
Piedmont Realty Trust
PDM
$1.21B
| $29M | 0.01% |
1,647,900
| – | – |
|
|
NUAN
1188
DELISTED
Nuance Communications, Inc.
NUAN
| $29M | 0.01% |
2,125,765
| – | – |
|
|
ENV
1189
DELISTED
ENVESTNET, INC.
ENV
| $29M | 0.01% |
505,476
+43,354
| +9% | +$2.38M |
|
1190
Cracker Barrel
CBRL
$1.26B
| $29M | 0.01% |
181,921
+46,031
| +34% | +$7.63M |
|
1191
Atlantic Union Bankshares
AUB
$6.02B
| $28.8M | 0.01% |
784,788
+214,170
| +38% | +$8.1M |
|
1192
Hilltop Holdings
HTH
$2.26B
| $28.8M | 0.01% |
1,226,456
+326,719
| +36% | +$8.28M |
|
1193
New York Times
NYT
$12.1B
| $28.8M | 0.01% |
1,193,820
-88,648
| -7% | -$2.04M |
|
1194
EXL Service
EXLS
$5.14B
| $28.7M | 0.01% |
2,575,305
| – | – |
|
|
ARRY
1195
DELISTED
Array Biopharma Inc
ARRY
| $28.7M | 0.01% |
1,758,975
| – | – |
|
|
AMWD
1196
DELISTED
American Woodmark
AMWD
| $28.5M | 0.01% |
289,807
+40,691
| +16% | +$5.1M |
|
1197
Commerce Bancshares
CBSH
$8.53B
| $28.5M | 0.01% |
702,690
+8,481
| +1% | +$337K |
|
1198
Wolfspeed
WOLF
$1.23B
| $28.5M | 0.01% |
706,131
| – | – |
|
|
NAVG
1199
DELISTED
Navigators Group Inc
NAVG
| $28.3M | 0.01% |
491,208
| – | – |
|
1200
Fortinet
FTNT
$119B
| $28.3M | 0.01% |
2,641,855
+455,000
| +21% | +$4.43M |
|
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.