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 | |
|---|---|---|---|---|---|---|
|
ENV
1201
DELISTED
ENVESTNET, INC.
ENV
| $31.6M | 0.01% |
575,300
+69,824
| +14% | +$3.88M |
|
1202
Diamondrock Hospitality Co
DRH
$2.51B
| $31.6M | 0.01% |
2,572,948
| – | – |
|
1203
Sunrun
RUN
$1.99B
| $31.6M | 0.01% |
2,401,212
+1,727,953
| +257% | +$18.8M |
|
1204
Credit Acceptance
CACC
$6.24B
| $31.4M | 0.01% |
88,985
+5,520
| +7% | +$1.89M |
|
1205
TTM Technologies
TTMI
$12B
| $31.4M | 0.01% |
1,783,598
| – | – |
|
1206
Post Holdings
POST
$3.56B
| $31.4M | 0.01% |
558,397
| – | – |
|
1207
Weibo
WB
$1.6B
| $31.4M | 0.01% |
354,034
+93,861
| +36% | +$10.2M |
|
1208
Safety Insurance
SAFT
$1.52B
| $31.4M | 0.01% |
367,095
-14,510
| -4% | -$1.2M |
|
1209
COPT Defense Properties
CDP
$3.89B
| $31.3M | 0.01% |
1,080,859
| – | – |
|
|
KAMN
1210
DELISTED
Kaman Corp
KAMN
| $31.3M | 0.01% |
448,513
-87,764
| -16% | -$5.94M |
|
1211
Horace Mann Educators
HMN
$2B
| $31.2M | 0.01% |
698,779
| – | – |
|
1212
TD Synnex
SNX
$20.8B
| $31.2M | 0.01% |
645,742
+86,486
| +15% | +$4.61M |
|
|
WEB
1213
DELISTED
Web.com Group, Inc.
WEB
| $31.1M | 0.01% |
1,202,310
| – | – |
|
1214
Wolfspeed
WOLF
$1.25B
| $31M | 0.01% |
746,342
+40,211
| +6% | +$1.76M |
|
1215
First Hawaiian
FHB
$3.12B
| $31M | 0.01% |
1,068,990
+281,100
| +36% | +$8.11M |
|
1216
Agios Pharmaceuticals
AGIO
$1.97B
| $30.9M | 0.01% |
366,476
| – | – |
|
1217
J&J Snack Foods
JJSF
$1.51B
| $30.8M | 0.01% |
202,246
-12,313
| -6% | -$1.75M |
|
|
ABAX
1218
DELISTED
Abaxis Inc
ABAX
| $30.8M | 0.01% |
371,066
-166,257
| -31% | -$12.8M |
|
1219
Hubbell
HUBB
$23.2B
| $30.7M | 0.01% |
290,759
-42,315
| -13% | -$4.68M |
|
|
NEWR
1220
DELISTED
New Relic, Inc.
NEWR
| $30.7M | 0.01% |
305,242
+77,293
| +34% | +$6.87M |
|
1221
Nomad Foods
NOMD
$1.54B
| $30.6M | 0.01% |
1,596,691
+729,105
| +84% | +$12.6M |
|
1222
Viasat
VSAT
$9.77B
| $30.6M | 0.01% |
465,569
+47,306
| +11% | +$3.02M |
|
1223
UMB Financial
UMBF
$10.2B
| $30.4M | 0.01% |
399,238
+17,136
| +4% | +$1.32M |
|
1224
Planet Fitness
PLNT
$3.78B
| $30.4M | 0.01% |
692,599
+376,904
| +119% | +$15.5M |
|
1225
Chegg
CHGG
$81.5M
| $30.4M | 0.01% |
1,094,428
+13,008
| +1% | +$327K |
|
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.