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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
Wolverine World Wide
WWW
$1.61B
| $31.2M | 0.01% |
1,105,165
-31,545
| -3% | -$848K |
|
|
VG
1177
DELISTED
Vonage Holdings Corporation
VG
| $31.2M | 0.01% |
2,761,603
-154,457
| -5% | -$1.96M |
|
1178
Qualys
QLYS
$5.1B
| $31.2M | 0.01% |
412,382
| – | – |
|
1179
UMB Financial
UMBF
$11B
| $31.2M | 0.01% |
482,442
-8,238
| -2% | -$532K |
|
|
TSE
1180
DELISTED
Trinseo
TSE
| $31.1M | 0.01% |
724,098
-46,486
| -6% | -$1.73M |
|
1181
Forward Air
FWRD
$448M
| $31M | 0.01% |
487,016
| – | – |
|
1182
OSI Systems
OSIS
$3.64B
| $31M | 0.01% |
305,385
+8,831
| +3% | +$954K |
|
1183
Urban Edge Properties
UE
$2.86B
| $31M | 0.01% |
1,565,343
| – | – |
|
1184
Valmont Industries
VMI
$9.39B
| $31M | 0.01% |
223,689
| – | – |
|
1185
Genworth Financial
GNW
$3.77B
| $30.9M | 0.01% |
7,030,917
| – | – |
|
|
VRN
1186
DELISTED
Veren
VRN
| $30.9M | 0.01% |
7,234,529
| – | – |
|
1187
AMC Global Media
AMCX
$505M
| $30.9M | 0.01% |
629,030
| – | – |
|
1188
AMN Healthcare
AMN
$1.31B
| $30.9M | 0.01% |
536,778
| – | – |
|
|
AY
1189
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $30.9M | 0.01% |
1,282,061
-131,949
| -9% | -$3.11M |
|
1190
Korn Ferry
KFY
$4.15B
| $30.9M | 0.01% |
799,098
+21,559
| +3% | +$833K |
|
1191
Liberty Global Class C
LBTYK
$3.49B
| $30.9M | 0.01% |
1,297,943
-52,649
| -4% | -$1.37M |
|
1192
Tower Semiconductor
TSEM
$25.4B
| $30.8M | 0.01% |
1,582,577
| – | – |
|
1193
Coherent
COHR
$51.8B
| $30.7M | 0.01% |
872,219
+421,661
| +94% | +$16.1M |
|
1194
Meritage Homes
MTH
$4.64B
| $30.7M | 0.01% |
872,936
| – | – |
|
1195
Simply Good Foods
SMPL
$915M
| $30.6M | 0.01% |
1,056,596
+288,594
| +38% | +$8.06M |
|
|
AZUL
1196
DELISTED
Azul
AZUL
| $30.6M | 0.01% |
853,022
| – | – |
|
1197
Mattel
MAT
$4.39B
| $30.5M | 0.01% |
2,676,312
+114,130
| +4% | +$1.31M |
|
1198
LiveRamp
RAMP
$2.3B
| $30.5M | 0.01% |
709,161
-51,059
| -7% | -$2.37M |
|
|
GBT
1199
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $30.4M | 0.01% |
625,892
| – | – |
|
|
CADE
1200
DELISTED
Cadence Bank
CADE
| $30.4M | 0.01% |
1,025,553
| – | – |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.