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 | |
|---|---|---|---|---|---|---|
1251
Rexford Industrial Realty
REXR
$8.42B
| $30.4M | 0.01% |
950,187
+63,170
| +7% | +$1.98M |
|
1252
Silgan Holdings
SLGN
$4.23B
| $30.3M | 0.01% |
1,088,226
-163,528
| -13% | -$4.49M |
|
|
DOOR
1253
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $30.2M | 0.01% |
471,694
-43,956
| -9% | -$3M |
|
1254
Mercury Insurance
MCY
$5.93B
| $30.2M | 0.01% |
601,733
| – | – |
|
1255
FirstService
FSV
$6.48B
| $30.1M | 0.01% |
356,915
| – | – |
|
1256
Acadia Healthcare
ACHC
$2.76B
| $30.1M | 0.01% |
855,098
+58,474
| +7% | +$2.33M |
|
1257
Avista
AVA
$3.34B
| $30.1M | 0.01% |
594,809
+21,294
| +4% | +$1.09M |
|
1258
Diamondrock Hospitality Co
DRH
$2.71B
| $30M | 0.01% |
2,572,948
| – | – |
|
1259
Hudbay
HBM
$10.1B
| $30M | 0.01% |
5,928,255
+150,000
| +3% | +$743K |
|
1260
TTM Technologies
TTMI
$12B
| $30M | 0.01% |
1,883,598
+100,000
| +6% | +$1.79M |
|
1261
Spectrum Brands
SPB
$2.04B
| $29.9M | 0.01% |
399,975
+134,380
| +51% | +$11.4M |
|
|
LMNX
1262
DELISTED
Luminex Corp
LMNX
| $29.9M | 0.01% |
985,054
+33,581
| +4% | +$1.01M |
|
|
EGOV
1263
DELISTED
NIC Inc
EGOV
| $29.8M | 0.01% |
2,016,187
+69,686
| +4% | +$1.13M |
|
1264
WesBanco
WSBC
$3.97B
| $29.8M | 0.01% |
668,856
-39,770
| -6% | -$1.9M |
|
1265
Minerals Technologies
MTX
$2.36B
| $29.8M | 0.01% |
440,150
-12,043
| -3% | -$851K |
|
1266
Gibraltar Industries
ROCK
$1.25B
| $29.7M | 0.01% |
652,136
| – | – |
|
1267
Safety Insurance
SAFT
$1.52B
| $29.7M | 0.01% |
331,095
-36,000
| -10% | -$3.33M |
|
1268
Fulton Financial
FULT
$4.66B
| $29.6M | 0.01% |
1,774,833
+58,479
| +3% | +$1.02M |
|
|
CSGS
1269
DELISTED
CSG Systems International
CSGS
| $29.5M | 0.01% |
735,927
-48,130
| -6% | -$1.9M |
|
|
ARRY
1270
DELISTED
Array Biopharma Inc
ARRY
| $29.5M | 0.01% |
1,943,059
+184,084
| +10% | +$2.82M |
|
1271
Valvoline
VVV
$4.9B
| $29.5M | 0.01% |
1,372,251
-133,749
| -9% | -$2.91M |
|
1272
Plexus
PLXS
$6.72B
| $29.4M | 0.01% |
503,315
-71,746
| -12% | -$4.39M |
|
1273
Halozyme
HALO
$9.79B
| $29.4M | 0.01% |
1,618,760
| – | – |
|
|
BID
1274
DELISTED
Sotheby's
BID
| $29.4M | 0.01% |
597,364
+99,876
| +20% | +$5.05M |
|
1275
Genworth Financial
GNW
$3.76B
| $29.3M | 0.01% |
7,030,917
| – | – |
|
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.