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 | |
|---|---|---|---|---|---|---|
1176
Children's Place
PLCE
$44.9M
| $32.3M | 0.01% |
267,093
-75,968
| -22% | -$9.84M |
|
1177
KB Home
KBH
$2.98B
| $32.2M | 0.01% |
1,183,138
-151,217
| -11% | -$4.07M |
|
1178
Energizer
ENR
$1.42B
| $32.2M | 0.01% |
511,869
| – | – |
|
1179
National Health Investors
NHI
$3.35B
| $32.2M | 0.01% |
437,160
| – | – |
|
1180
Hudbay
HBM
$11.2B
| $32.2M | 0.01% |
5,778,255
+352,087
| +6% | +$2.39M |
|
|
CXP
1181
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $32.2M | 0.01% |
1,417,486
-98,554
| -7% | -$2.13M |
|
|
AXON
1182
Axon Enterprise
AXON
$38.1B
| $32.1M | 0.01% |
508,734
+240,686
| +90% | +$13M |
|
|
TRCO
1183
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $32.1M | 0.01% |
839,295
| – | – |
|
1184
Terex
TEX
$6.72B
| $32.1M | 0.01% |
761,120
-186,735
| -20% | -$7.41M |
|
|
CSGS
1185
DELISTED
CSG Systems International
CSGS
| $32M | 0.01% |
784,057
| – | – |
|
1186
Builders FirstSource
BLDR
$6.42B
| $32M | 0.01% |
1,749,640
| – | – |
|
1187
Methode Electronics
MEI
$473M
| $32M | 0.01% |
793,185
-46,500
| -6% | -$1.9M |
|
|
DOC
1188
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $32M | 0.01% |
2,004,968
+132,699
| +7% | +$2.01M |
|
1189
WesBanco
WSBC
$3.79B
| $31.9M | 0.01% |
708,626
| – | – |
|
|
AXE
1190
DELISTED
Anixter International Inc
AXE
| $31.9M | 0.01% |
503,684
-15,163
| -3% | -$1.01M |
|
|
KLXI
1191
DELISTED
KLX Inc.
KLXI
| $31.9M | 0.01% |
525,393
+38,978
| +8% | +$2.39M |
|
1192
Colliers International
CIGI
$4.56B
| $31.8M | 0.01% |
419,026
| – | – |
|
|
VNTR
1193
DELISTED
Venator Materials PLC
VNTR
| $31.8M | 0.01% |
1,944,181
+303,949
| +19% | +$5.42M |
|
1194
Crocs
CROX
$5.53B
| $31.8M | 0.01% |
1,803,544
+66,006
| +4% | +$1.12M |
|
1195
TriMas Corp
TRS
$1.4B
| $31.7M | 0.01% |
1,078,282
| – | – |
|
|
EDR
1196
DELISTED
Education Realty Trust Inc
EDR
| $31.7M | 0.01% |
763,521
| – | – |
|
1197
Genworth Financial
GNW
$3.81B
| $31.6M | 0.01% |
7,030,917
+557,103
| +9% | +$1.92M |
|
|
WLL
1198
DELISTED
Whiting Petroleum Corporation
WLL
| $31.6M | 0.01% |
8,001
-958
| -11% | -$3.31M |
|
1199
NewMarket
NEU
$8.2B
| $31.6M | 0.01% |
78,208
-5,109
| -6% | -$2M |
|
1200
Alaska Air
ALK
$4.43B
| $31.6M | 0.01% |
523,712
-69,182
| -12% | -$4.28M |
|
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.