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 | |
|---|---|---|---|---|---|---|
|
GWB
1251
DELISTED
Great Western Bancorp, Inc.
GWB
| $26M | 0.01% |
645,119
+28,100
| +5% | +$1.18M |
|
|
DCH
1252
Dauch Corp
DCH
$1.34B
| $25.9M | 0.01% |
1,704,690
-74,100
| -4% | -$1.22M |
|
|
SCS
1253
DELISTED
Steelcase
SCS
| $25.9M | 0.01% |
1,906,924
-738,129
| -28% | -$10.8M |
|
1254
Helen of Troy
HELE
$644M
| $25.9M | 0.01% |
297,762
-74,866
| -20% | -$6.81M |
|
|
ISCA
1255
DELISTED
International Speedway Corp
ISCA
| $25.9M | 0.01% |
586,598
-141,366
| -19% | -$6.15M |
|
1256
Lumentum
LITE
$55.5B
| $25.8M | 0.01% |
403,686
+97,356
| +32% | +$5.59M |
|
|
OPTU
1257
Optimum Communications Inc
OPTU
$298M
| $25.7M | 0.01% |
1,392,526
| – | – |
|
|
MSGN
1258
DELISTED
MSG Networks Inc.
MSGN
| $25.7M | 0.01% |
1,137,856
-252,040
| -18% | -$5.94M |
|
1259
ATI
ATI
$25.6B
| $25.7M | 0.01% |
1,083,684
| – | – |
|
|
SOHU
1260
Sohu.com
SOHU
$362M
| $25.7M | 0.01% |
829,885
| – | – |
|
1261
Avis
CAR
$4.86B
| $25.6M | 0.01% |
546,904
| – | – |
|
1262
Cannae Holdings
CNNE
$639M
| $25.6M | 0.01% |
1,355,582
-326,579
| -19% | -$5.86M |
|
1263
Mercury Insurance
MCY
$5.93B
| $25.5M | 0.01% |
556,572
+81,705
| +17% | +$3.89M |
|
1264
Franklin Electric
FELE
$4.63B
| $25.5M | 0.01% |
625,475
+24,501
| +4% | +$1.05M |
|
1265
Mueller Industries
MLI
$14.7B
| $25.4M | 0.01% |
3,891,300
-166,400
| -4% | -$1.26M |
|
1266
SLM Corp
SLM
$4.89B
| $25.4M | 0.01% |
2,270,101
+291,900
| +15% | +$3.28M |
|
|
GRFS
1267
Grifois
GRFS
$5.36B
| $25.4M | 0.01% |
1,200,000
| – | – |
|
|
CHS
1268
DELISTED
Chicos FAS, Inc.
CHS
| $25.4M | 0.01% |
2,804,864
-475,144
| -14% | -$4.41M |
|
|
TUP
1269
DELISTED
Tupperware Brands Corporation
TUP
| $25.3M | 0.01% |
523,925
| – | – |
|
|
SHLM
1270
DELISTED
Schulman (A.) Inc
SHLM
| $25.3M | 0.01% |
588,295
-145,879
| -20% | -$5.94M |
|
1271
Viavi Solutions
VIAV
$9.12B
| $25.3M | 0.01% |
2,601,325
-715,158
| -22% | -$6.81M |
|
|
NGHC
1272
DELISTED
National General Holdings Corp
NGHC
| $25.3M | 0.01% |
1,038,887
-45,900
| -4% | -$988K |
|
|
BRSL
1273
Brightstar Lottery PLC
BRSL
$1.84B
| $25.2M | 0.01% |
944,085
+31,844
| +3% | +$885K |
|
|
HAWK
1274
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $25.2M | 0.01% |
563,573
-153,075
| -21% | -$6.68M |
|
1275
Central Garden & Pet Co Class A
CENTA
$2.37B
| $25.1M | 0.01% |
792,945
-2,501
| -0.3% | -$75.2K |
|
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.