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 | |
|---|---|---|---|---|---|---|
1251
Liberty Media Series A
FWONA
$22.5B
| $28.1M | 0.01% |
742,250
| – | – |
|
|
OSB
1252
DELISTED
Norbord Inc.
OSB
| $28.1M | 0.01% |
1,171,266
| – | – |
|
1253
Halozyme
HALO
$9.79B
| $28.1M | 0.01% |
1,810,203
+175,000
| +11% | +$2.88M |
|
|
MNTA
1254
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $28M | 0.01% |
2,162,165
+84,961
| +4% | +$1.03M |
|
1255
Yelp
YELP
$1.45B
| $28M | 0.01% |
805,648
| – | – |
|
|
KNL
1256
DELISTED
Knoll, Inc.
KNL
| $27.9M | 0.01% |
1,101,713
| – | – |
|
1257
AAR Corp
AIR
$5.59B
| $27.9M | 0.01% |
677,220
+352,824
| +109% | +$14.8M |
|
1258
Plexus
PLXS
$6.72B
| $27.9M | 0.01% |
446,359
-5,418
| -1% | -$321K |
|
1259
BHP
BHP
$215B
| $27.9M | 0.01% |
633,049
| – | – |
|
|
BID
1260
DELISTED
Sotheby's
BID
| $27.9M | 0.01% |
488,772
-133,029
| -21% | -$7.7M |
|
1261
Unilever
UL
$137B
| $27.8M | 0.01% |
+411,500
| New | +$28.5M |
|
|
SDC
1262
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $27.8M | 0.01% |
+2,000,000
| New | +$33.4M |
|
|
KYNB
1263
Kyntra Bio
KYNB
$27.2M
| $27.7M | 0.01% |
29,989
| – | – |
|
1264
Trustmark
TRMK
$2.76B
| $27.7M | 0.01% |
812,530
| – | – |
|
1265
Allogene Therapeutics
ALLO
$649M
| $27.7M | 0.01% |
1,016,463
+275,623
| +37% | +$7.85M |
|
|
LHCG
1266
DELISTED
LHC Group LLC
LHCG
| $27.7M | 0.01% |
243,725
-139,858
| -36% | -$16.9M |
|
1267
Vermilion Energy
VET
$1.82B
| $27.7M | 0.01% |
1,658,913
| – | – |
|
|
HI
1268
DELISTED
Hillenbrand
HI
| $27.6M | 0.01% |
895,178
| – | – |
|
1269
Monro
MNRO
$383M
| $27.6M | 0.01% |
349,734
| – | – |
|
|
TSG
1270
DELISTED
The Stars Group Inc.
TSG
| $27.6M | 0.01% |
1,841,932
| – | – |
|
1271
ATI
ATI
$25.6B
| $27.5M | 0.01% |
1,359,812
+76,300
| +6% | +$1.61M |
|
|
LTC
1272
LTC Properties
LTC
$2.06B
| $27.5M | 0.01% |
536,442
| – | – |
|
1273
Designer Brands
DBI
$307M
| $27.5M | 0.01% |
1,604,164
| – | – |
|
1274
Hope Bancorp
HOPE
$1.79B
| $27.4M | 0.01% |
1,911,308
| – | – |
|
|
MDCO
1275
DELISTED
Medicines Co
MDCO
| $27.4M | 0.01% |
547,653
-27,027
| -5% | -$1.08M |
|
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.