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 | |
|---|---|---|---|---|---|---|
1276
Banner Corp
BANR
$2.39B
| $25.1M | 0.01% |
452,370
-5,100
| -1% | -$285K |
|
1277
Sabre
SABR
$731M
| $25.1M | 0.01% |
1,169,956
+605,741
| +107% | +$13M |
|
|
EDR
1278
DELISTED
Education Realty Trust Inc
EDR
| $25M | 0.01% |
763,521
+35,528
| +5% | +$1.15M |
|
|
MRC
1279
DELISTED
MRC Global
MRC
| $25M | 0.01% |
1,518,426
-2,662
| -0.2% | -$46.5K |
|
|
ARI
1280
Apollo Commercial Real Estate
ARI
$867M
| $25M | 0.01% |
1,388,281
+250,000
| +22% | +$4.58M |
|
1281
White Mountains Insurance
WTM
$5.2B
| $24.9M | 0.01% |
30,294
-8,622
| -22% | -$7.12M |
|
1282
Empire State Realty Trust
ESRT
$872M
| $24.9M | 0.01% |
1,480,619
+108,630
| +8% | +$1.97M |
|
|
PTLA
1283
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $24.9M | 0.01% |
761,107
+66,570
| +10% | +$2.92M |
|
1284
Etsy
ETSY
$7.75B
| $24.8M | 0.01% |
884,620
+321,317
| +57% | +$7.22M |
|
|
ESGR
1285
DELISTED
Enstar Group
ESGR
| $24.8M | 0.01% |
117,992
-16,773
| -12% | -$3.46M |
|
1286
News Corp Class B
NWS
$16.9B
| $24.8M | 0.01% |
1,538,109
+45,300
| +3% | +$759K |
|
|
GCI
1287
DELISTED
Gannett Co., Inc
GCI
| $24.8M | 0.01% |
2,481,244
-302,532
| -11% | -$3.29M |
|
|
AL
1288
DELISTED
Air Lease Corp
AL
| $24.7M | 0.01% |
580,462
+101,492
| +21% | +$4.66M |
|
1289
Zillow
ZG
$7.94B
| $24.7M | 0.01% |
456,736
| – | – |
|
1290
QuidelOrtho
QDEL
$1.14B
| $24.6M | 0.01% |
475,607
-97,931
| -17% | -$4.56M |
|
|
ODP
1291
DELISTED
ODP
ODP
| $24.6M | 0.01% |
1,145,473
+162,949
| +17% | +$4.8M |
|
1292
Materion
MTRN
$4.39B
| $24.6M | 0.01% |
482,208
-62,543
| -11% | -$3.19M |
|
|
CZZ
1293
DELISTED
Cosan Limited
CZZ
| $24.6M | 0.01% |
2,365,540
| – | – |
|
|
CADE
1294
DELISTED
Cadence Bank
CADE
| $24.6M | 0.01% |
772,664
+36,500
| +5% | +$1.2M |
|
|
CLVS
1295
DELISTED
Clovis Oncology, Inc.
CLVS
| $24.6M | 0.01% |
464,975
-30,681
| -6% | -$1.79M |
|
|
EXTN
1296
DELISTED
Exterran Corporation
EXTN
| $24.5M | 0.01% |
918,852
-45,395
| -5% | -$1.31M |
|
|
CALD
1297
DELISTED
Callidus Software, Inc.
CALD
| $24.5M | 0.01% |
681,532
+177,469
| +35% | +$6.06M |
|
|
AVNS
1298
DELISTED
Avanos Medical
AVNS
| $24.5M | 0.01% |
530,794
+29,611
| +6% | +$1.41M |
|
1299
Provident Financial Services
PFS
$3.22B
| $24.4M | 0.01% |
954,811
| – | – |
|
1300
AdvanSix
ASIX
$541M
| $24.4M | 0.01% |
702,345
-68,527
| -9% | -$2.7M |
|
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.