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 | |
|---|---|---|---|---|---|---|
1226
Huron Consulting
HURN
$2.46B
| $29.1M | 0.01% |
475,046
-41,953
| -8% | -$2.45M |
|
1227
Alkermes
ALKS
$8.17B
| $29.1M | 0.01% |
1,493,495
+283,339
| +23% | +$6.16M |
|
1228
Community Bank
CBU
$3.4B
| $29.1M | 0.01% |
472,202
+17,392
| +4% | +$1.1M |
|
1229
Emergent Biosolutions
EBS
$367M
| $29.1M | 0.01% |
556,615
| – | – |
|
|
CVSA
1230
Covista Inc
CVSA
$4.24B
| $29.1M | 0.01% |
763,565
+17,148
| +2% | +$770K |
|
1231
Itron
ITRI
$4.3B
| $29.1M | 0.01% |
392,905
| – | – |
|
|
IRBT
1232
DELISTED
iRobot
IRBT
| $29M | 0.01% |
470,553
| – | – |
|
|
ENV
1233
DELISTED
ENVESTNET, INC.
ENV
| $29M | 0.01% |
510,987
| – | – |
|
1234
Cogent Communications
CCOI
$656M
| $28.9M | 0.01% |
525,051
| – | – |
|
1235
Pegasystems
PEGA
$4.97B
| $28.9M | 0.01% |
849,262
| – | – |
|
1236
Acadia Realty Trust
AKR
$3.07B
| $28.9M | 0.01% |
1,010,195
| – | – |
|
1237
Federal Signal
FSS
$7.59B
| $28.7M | 0.01% |
878,017
| – | – |
|
1238
Deluxe
DLX
$1.18B
| $28.7M | 0.01% |
583,967
-5,528
| -0.9% | -$246K |
|
1239
Trinity Industries
TRN
$2.54B
| $28.7M | 0.01% |
1,458,482
+37,023
| +3% | +$700K |
|
1240
Boise Cascade
BCC
$2.68B
| $28.6M | 0.01% |
877,938
| – | – |
|
1241
Advanced Drainage Systems
WMS
$10.6B
| $28.5M | 0.01% |
882,739
+70,000
| +9% | +$2.27M |
|
|
ETRN
1242
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $28.4M | 0.01% |
1,954,114
| – | – |
|
|
SYKE
1243
DELISTED
SYKES Enterprises Inc
SYKE
| $28.4M | 0.01% |
927,606
| – | – |
|
|
NEWR
1244
DELISTED
New Relic, Inc.
NEWR
| $28.4M | 0.01% |
461,566
-23,482
| -5% | -$1.7M |
|
1245
Benchmark Electronics
BHE
$2.9B
| $28.4M | 0.01% |
975,568
| – | – |
|
1246
WSFS Financial
WSFS
$4.1B
| $28.3M | 0.01% |
642,842
| – | – |
|
1247
Vishay Intertechnology
VSH
$5.22B
| $28.3M | 0.01% |
1,672,082
+7,886
| +0.5% | +$129K |
|
1248
Materion
MTRN
$4.41B
| $28.3M | 0.01% |
461,249
| – | – |
|
|
ALDR
1249
DELISTED
Alder Biopharmaceuticals
ALDR
| $28.3M | 0.01% |
1,500,476
+124,395
| +9% | +$1.42M |
|
1250
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $28.2M | 0.01% |
497,226
| – | – |
|
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.