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 | |
|---|---|---|---|---|---|---|
1226
LiveRamp
RAMP
$2.3B
| $31.5M | 0.01% |
637,838
+150,096
| +31% | +$6.64M |
|
1227
Nelnet
NNI
$4.88B
| $31.5M | 0.01% |
550,870
-45,211
| -8% | -$2.65M |
|
|
SYNH
1228
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $31.5M | 0.01% |
610,676
+40,000
| +7% | +$1.96M |
|
1229
ONE Gas
OGS
$4.87B
| $31.5M | 0.01% |
382,574
+7,556
| +2% | +$591K |
|
|
XHR
1230
Xenia Hotels & Resorts
XHR
$1.9B
| $31.5M | 0.01% |
1,327,702
| – | – |
|
1231
Carpenter Technology
CRS
$25.8B
| $31.5M | 0.01% |
533,589
+50,505
| +10% | +$2.89M |
|
1232
Colliers International
CIGI
$5.04B
| $31.5M | 0.01% |
406,269
-12,757
| -3% | -$1.02M |
|
|
RAVN
1233
DELISTED
Raven Industries Inc
RAVN
| $31.4M | 0.01% |
686,422
| – | – |
|
1234
Element Solutions
ESI
$8.95B
| $31.4M | 0.01% |
2,517,326
| – | – |
|
|
COHR
1235
DELISTED
Coherent Inc
COHR
| $31.4M | 0.01% |
182,239
| – | – |
|
1236
Horace Mann Educators
HMN
$2.1B
| $31.4M | 0.01% |
698,779
| – | – |
|
1237
Employers Holdings
EIG
$908M
| $31.3M | 0.01% |
690,542
-45,505
| -6% | -$2.01M |
|
|
LPNT
1238
DELISTED
LifePoint Health, Inc.
LPNT
| $31.2M | 0.01% |
485,214
| – | – |
|
1239
Federated Hermes
FHI
$4.55B
| $31.1M | 0.01% |
1,289,402
+43,763
| +4% | +$1.03M |
|
|
CSOD
1240
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $31M | 0.01% |
546,666
| – | – |
|
1241
Descartes Systems
DSGX
$6.44B
| $31M | 0.01% |
914,078
-190,464
| -17% | -$6.43M |
|
1242
Flowers Foods
FLO
$1.49B
| $30.9M | 0.01% |
1,657,795
+51,626
| +3% | +$1.04M |
|
1243
Hope Bancorp
HOPE
$1.79B
| $30.9M | 0.01% |
1,911,308
| – | – |
|
|
TECD
1244
DELISTED
Tech Data Corp
TECD
| $30.9M | 0.01% |
431,690
+82,037
| +23% | +$6.65M |
|
1245
Gates Industrial Corporation Ltd.
GTES
$7.08B
| $30.7M | 0.01% |
1,574,581
-125,419
| -7% | -$2.19M |
|
|
MGLN
1246
DELISTED
Magellan Health Services, Inc.
MGLN
| $30.6M | 0.01% |
424,803
+1,567
| +0.4% | +$126K |
|
|
ANAT
1247
DELISTED
American National Group, Inc. Common Stock
ANAT
| $30.5M | 0.01% |
236,071
| – | – |
|
1248
STAG Industrial
STAG
$7.38B
| $30.4M | 0.01% |
1,105,767
| – | – |
|
1249
Terex
TEX
$7.18B
| $30.4M | 0.01% |
761,120
| – | – |
|
|
KLXI
1250
DELISTED
KLX Inc.
KLXI
| $30.4M | 0.01% |
483,756
-41,637
| -8% | -$2.57M |
|
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.