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 | |
|---|---|---|---|---|---|---|
|
ARRY
1251
DELISTED
Array Biopharma Inc
ARRY
| $29.5M | 0.01% |
1,758,975
| – | – |
|
1252
Cinemark Holdings
CNK
$3.94B
| $29.5M | 0.01% |
840,180
| – | – |
|
1253
Outfront Media
OUT
$4.96B
| $29.4M | 0.01% |
1,533,346
| – | – |
|
|
PRA
1254
DELISTED
ProAssurance
PRA
| $29.3M | 0.01% |
825,793
| – | – |
|
1255
Element Solutions
ESI
$7.82B
| $29.2M | 0.01% |
2,517,326
+296,954
| +13% | +$3.24M |
|
1256
Helen of Troy
HELE
$634M
| $29.2M | 0.01% |
296,497
-1,265
| -0.4% | -$115K |
|
1257
Federated Hermes
FHI
$4.23B
| $29M | 0.01% |
1,245,639
+70,692
| +6% | +$1.89M |
|
1258
CNA Financial
CNA
$13B
| $28.9M | 0.01% |
632,212
-10,000
| -2% | -$483K |
|
1259
Wabtec
WAB
$46.7B
| $28.8M | 0.01% |
292,338
| – | – |
|
|
DO
1260
DELISTED
Diamond Offshore Drilling
DO
| $28.8M | 0.01% |
1,378,998
| – | – |
|
|
AAMI
1261
Acadian Asset Management
AAMI
$3.17B
| $28.7M | 0.01% |
2,014,871
-80,597
| -4% | -$1.23M |
|
|
FLOW
1262
DELISTED
SPX FLOW, Inc.
FLOW
| $28.7M | 0.01% |
656,433
+49,143
| +8% | +$2.25M |
|
|
TECD
1263
DELISTED
Tech Data Corp
TECD
| $28.7M | 0.01% |
349,653
-107,390
| -23% | -$8.84M |
|
1264
Pan American Silver
PAAS
$19.7B
| $28.7M | 0.01% |
1,602,211
+321,061
| +25% | +$5.53M |
|
|
BIG
1265
DELISTED
Big Lots, Inc.
BIG
| $28.6M | 0.01% |
684,621
| – | – |
|
1266
Bank OZK
OZK
$5.23B
| $28.5M | 0.01% |
633,219
| – | – |
|
|
COHR
1267
DELISTED
Coherent Inc
COHR
| $28.5M | 0.01% |
182,239
-28,601
| -14% | -$4.84M |
|
|
TARO
1268
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $28.5M | 0.01% |
246,049
| – | – |
|
|
NGHC
1269
DELISTED
National General Holdings Corp
NGHC
| $28.3M | 0.01% |
1,075,624
+36,737
| +4% | +$961K |
|
1270
Fulton Financial
FULT
$4.48B
| $28.3M | 0.01% |
1,716,354
+58,651
| +4% | +$1.02M |
|
1271
Cheesecake Factory
CAKE
$4.83B
| $28.3M | 0.01% |
514,286
+47,178
| +10% | +$2.5M |
|
|
ESV
1272
DELISTED
Ensco Rowan plc
ESV
| $28.3M | 0.01% |
974,393
-143,211
| -13% | -$3.51M |
|
|
ANAT
1273
DELISTED
American National Group, Inc. Common Stock
ANAT
| $28.2M | 0.01% |
236,071
+11,659
| +5% | +$1.4M |
|
|
LMNX
1274
DELISTED
Luminex Corp
LMNX
| $28.1M | 0.01% |
951,473
| – | – |
|
1275
Cathay General Bancorp
CATY
$4.14B
| $28.1M | 0.01% |
693,814
| – | – |
|
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.