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 |
Meta Platforms (Facebook)
META
|
+$203M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$196M |
| 3 |
AT&T
T
|
+$174M |
| 4 |
NIO
NIO
|
+$163M |
| 5 |
T-Mobile US
TMUS
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GGP
GGP Inc.
GGP
|
+$606M |
| 2 |
Wells Fargo
WFC
|
+$206M |
| 3 |
Oracle
ORCL
|
+$200M |
| 4 |
UBS Group
UBS
|
+$185M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.96% |
| 2 | Financials | 17.19% |
| 3 | Healthcare | 13.99% |
| 4 | Consumer Discretionary | 11.37% |
| 5 | Communication Services | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MZTI
1176
The Marzetti Company
MZTI
$2.93B
| $33.4M | 0.01% |
224,104
-10,856
| -5% | -$1.62M |
|
1177
Nomad Foods
NOMD
$1.66B
| $33.4M | 0.01% |
1,650,171
+53,480
| +3% | +$1.06M |
|
|
TCF
1178
DELISTED
TCF Financial Corporation Common Stock
TCF
| $33.4M | 0.01% |
624,905
| – | – |
|
|
ISBC
1179
DELISTED
Investors Bancorp, Inc.
ISBC
| $33.3M | 0.01% |
2,714,467
| – | – |
|
1180
Simpson Manufacturing
SSD
$7.72B
| $33.2M | 0.01% |
458,700
+13,010
| +3% | +$922K |
|
1181
Tower Semiconductor
TSEM
$24.8B
| $33.2M | 0.01% |
1,526,824
| – | – |
|
1182
Alarm.com
ALRM
$2.71B
| $33.2M | 0.01% |
578,969
| – | – |
|
|
WW
1183
DELISTED
WW International
WW
| $33.2M | 0.01% |
461,429
+72,617
| +19% | +$5.9M |
|
1184
COPT Defense Properties
CDP
$4.3B
| $33.2M | 0.01% |
1,113,179
+32,320
| +3% | +$968K |
|
1185
United Bankshares
UBSI
$6.63B
| $33.2M | 0.01% |
912,662
| – | – |
|
1186
Integer Holdings
ITGR
$4.12B
| $33.1M | 0.01% |
399,393
| – | – |
|
1187
Keurig Dr Pepper
KDP
$42.3B
| $33.1M | 0.01% |
1,428,457
-429,475
| -23% | -$13.6M |
|
1188
Lumentum
LITE
$55.5B
| $33.1M | 0.01% |
551,864
+97,846
| +22% | +$5.85M |
|
1189
Chegg
CHGG
$110M
| $33.1M | 0.01% |
1,163,119
+68,691
| +6% | +$2.05M |
|
1190
National Health Investors
NHI
$3.72B
| $33M | 0.01% |
437,160
| – | – |
|
1191
Darling Ingredients
DAR
$9.64B
| $32.9M | 0.01% |
1,703,284
-50,968
| -3% | -$1M |
|
|
ESV
1192
DELISTED
Ensco Rowan plc
ESV
| $32.9M | 0.01% |
974,393
| – | – |
|
1193
BHP
BHP
$215B
| $32.9M | 0.01% |
739,174
| – | – |
|
1194
KB Home
KBH
$3.37B
| $32.8M | 0.01% |
1,371,333
+188,195
| +16% | +$4.72M |
|
1195
TriMas Corp
TRS
$1.43B
| $32.8M | 0.01% |
1,078,282
| – | – |
|
1196
First Financial Bancorp
FFBC
$3.55B
| $32.7M | 0.01% |
1,101,551
-8,598
| -0.8% | -$267K |
|
1197
Brinker International
EAT
$9.17B
| $32.7M | 0.01% |
699,982
-21,190
| -3% | -$988K |
|
1198
The Greenbrier Companies
GBX
$1.52B
| $32.7M | 0.01% |
543,830
+17,226
| +3% | +$993K |
|
1199
Huazhu Hotels Group
HTHT
$13.1B
| $32.6M | 0.01% |
1,010,705
| – | – |
|
1200
Children's Place
PLCE
$54.3M
| $32.6M | 0.01% |
255,099
-11,994
| -4% | -$1.53M |
|
Similar funds
Norges Bank's Q3 2018 Portfolio in Review
As of Q3 2018, Norges Bank held 2,209 positions worth $308B, up 5.7% from $291B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2018 filing shows 74 new, 715 increased, 609 reduced and 67 closed positions. Its largest new stake was NIO: 19,750,000 shares worth $138M. The largest sale was GGP Inc., an estimated $606M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2018 buy was NIO: 19,750,000 shares worth $138M.
- Norges Bank added most to Meta Platforms (Facebook) in Q3 2018, an estimated $203M increase.
- Norges Bank's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $206M.
- Norges Bank fully exited GGP Inc. in Q3 2018, selling an estimated $606M.
- Norges Bank's ten largest holdings make up 17% of its $308B portfolio in Q3 2018.
- Norges Bank opened 74 new positions and closed 67 in Q3 2018.
- Norges Bank's portfolio value rose 5.7% quarter-over-quarter to $308B.
Based on Norges Bank's 13F filing for Q3 2018, filed 9 Nov 2018.