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 | |
|---|---|---|---|---|---|---|
1201
TriMas Corp
TRS
$1.43B
| $28.3M | 0.01% |
1,078,282
+77,430
| +8% | +$2M |
|
1202
Outfront Media
OUT
$5.61B
| $28.3M | 0.01% |
1,533,346
| – | – |
|
1203
Avista
AVA
$3.34B
| $28.3M | 0.01% |
551,330
-394,474
| -42% | -$19.9M |
|
1204
Crocs
CROX
$6.36B
| $28.2M | 0.01% |
1,737,538
-88,900
| -5% | -$1.23M |
|
1205
Hope Bancorp
HOPE
$1.79B
| $28.2M | 0.01% |
1,548,506
+181,498
| +13% | +$3.36M |
|
1206
Autohome
ATHM
$2.67B
| $28.1M | 0.01% |
327,509
| – | – |
|
|
WRI
1207
DELISTED
Weingarten Realty Investors
WRI
| $28.1M | 0.01% |
1,000,311
| – | – |
|
1208
Rush Enterprises Class A
RUSHA
$6.2B
| $28.1M | 0.01% |
1,486,444
-483,039
| -25% | -$10M |
|
|
HEES
1209
DELISTED
H&E Equipment Services
HEES
| $28M | 0.01% |
728,624
| – | – |
|
1210
COPT Defense Properties
CDP
$4.3B
| $27.9M | 0.01% |
1,080,859
+186,174
| +21% | +$4.93M |
|
1211
McGrath RentCorp
MGRC
$2.81B
| $27.9M | 0.01% |
519,124
-49,376
| -9% | -$2.47M |
|
|
CMBT
1212
CMB.TECH NV
CMBT
$4.69B
| $27.8M | 0.01% |
3,366,344
-564,960
| -14% | -$4.84M |
|
1213
CONMED
CNMD
$1.39B
| $27.8M | 0.01% |
438,361
+69,376
| +19% | +$4.14M |
|
1214
Cathay General Bancorp
CATY
$4.22B
| $27.7M | 0.01% |
693,814
| – | – |
|
1215
Federal Signal
FSS
$7.62B
| $27.7M | 0.01% |
1,258,738
-305,170
| -20% | -$6.31M |
|
1216
Post Holdings
POST
$4.14B
| $27.7M | 0.01% |
558,397
| – | – |
|
1217
UMB Financial
UMBF
$11.1B
| $27.7M | 0.01% |
382,102
+15,500
| +4% | +$1.16M |
|
1218
Credit Acceptance
CACC
$5.95B
| $27.6M | 0.01% |
83,465
+11,962
| +17% | +$3.96M |
|
1219
Dana Inc
DAN
$2.9B
| $27.6M | 0.01% |
1,069,861
+132,224
| +14% | +$3.91M |
|
|
HUD
1220
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $27.6M | 0.01% |
+1,732,118
| New | +$27.7M |
|
1221
Spectrum Brands
SPB
$2.04B
| $27.5M | 0.01% |
265,595
+8,300
| +3% | +$893K |
|
1222
Morningstar
MORN
$7.22B
| $27.5M | 0.01% |
287,802
| – | – |
|
1223
Viasat
VSAT
$10.6B
| $27.5M | 0.01% |
418,263
-31,801
| -7% | -$2.32M |
|
|
RAVN
1224
DELISTED
Raven Industries Inc
RAVN
| $27.5M | 0.01% |
783,823
-1,448
| -0.2% | -$51.7K |
|
1225
Watts Water Technologies
WTS
$11.5B
| $27.4M | 0.01% |
352,621
+93,574
| +36% | +$7.28M |
|
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.