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 | |
|---|---|---|---|---|---|---|
1276
ONE Gas
OGS
$4.81B
| $28M | 0.01% |
375,018
+27,818
| +8% | +$1.98M |
|
|
IRBT
1277
DELISTED
iRobot
IRBT
| $28M | 0.01% |
369,528
+313
| +0.1% | +$20.8K |
|
1278
Rexford Industrial Realty
REXR
$8.66B
| $27.8M | 0.01% |
887,017
+63,539
| +8% | +$1.94M |
|
|
AVTA
1279
DELISTED
Avantax, Inc. Common Stock
AVTA
| $27.8M | 0.01% |
752,507
-236,254
| -24% | -$7.62M |
|
1280
CBIZ
CBZ
$2.96B
| $27.8M | 0.01% |
1,209,462
-92,499
| -7% | -$1.87M |
|
1281
Yelp
YELP
$1.13B
| $27.8M | 0.01% |
709,035
+223,743
| +46% | +$9.68M |
|
1282
The Greenbrier Companies
GBX
$1.32B
| $27.8M | 0.01% |
526,604
| – | – |
|
|
UNT
1283
DELISTED
UNIT Corporation
UNT
| $27.7M | 0.01% |
1,085,167
| – | – |
|
1284
Simpson Manufacturing
SSD
$7.06B
| $27.7M | 0.01% |
445,690
+33,606
| +8% | +$2.04M |
|
1285
Gates Industrial Corp
GTES
$6.44B
| $27.7M | 0.01% |
1,700,000
| – | – |
|
1286
AdvanSix
ASIX
$449M
| $27.6M | 0.01% |
752,892
+50,547
| +7% | +$1.89M |
|
1287
Southwest Gas
SWX
$6.28B
| $27.6M | 0.01% |
361,338
-138,908
| -28% | -$10.1M |
|
|
TWO
1288
DELISTED
Two Harbors Investment
TWO
| $27.5M | 0.01% |
435,171
| – | – |
|
1289
Shenandoah Telecom
SHEN
$642M
| $27.4M | 0.01% |
839,465
+95,518
| +13% | +$3.26M |
|
1290
Mercury Insurance
MCY
$5.65B
| $27.4M | 0.01% |
601,733
+45,161
| +8% | +$2.13M |
|
|
HEES
1291
DELISTED
H&E Equipment Services
HEES
| $27.4M | 0.01% |
728,624
| – | – |
|
1292
United Fire Group
UFCS
$1.41B
| $27.4M | 0.01% |
501,950
| – | – |
|
|
CADE
1293
DELISTED
Cadence Bank
CADE
| $27.4M | 0.01% |
830,181
+57,517
| +7% | +$1.92M |
|
|
QEP
1294
DELISTED
QEP RESOURCES, INC.
QEP
| $27.3M | 0.01% |
2,230,291
+167,459
| +8% | +$1.99M |
|
|
PSB
1295
DELISTED
PS Business Parks, Inc.
PSB
| $27.3M | 0.01% |
212,674
| – | – |
|
1296
Cars.com
CARS
$617M
| $27.3M | 0.01% |
961,927
-87,677
| -8% | -$2.41M |
|
1297
Halozyme
HALO
$12.3B
| $27.3M | 0.01% |
1,618,760
+573,150
| +55% | +$10.8M |
|
|
CYBR
1298
DELISTED
CyberArk
CYBR
| $27.2M | 0.01% |
432,153
+16,020
| +4% | +$936K |
|
|
TUP
1299
DELISTED
Tupperware Brands Corporation
TUP
| $27.2M | 0.01% |
659,707
+135,782
| +26% | +$5.96M |
|
1300
FirstService
FSV
$5.78B
| $27.1M | 0.01% |
356,915
| – | – |
|
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.