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 | |
|---|---|---|---|---|---|---|
|
SYKE
1276
DELISTED
SYKES Enterprises Inc
SYKE
| $29.3M | 0.01% |
960,371
-66,039
| -6% | -$1.97M |
|
1277
KBR
KBR
$4.62B
| $29.3M | 0.01% |
1,385,205
| – | – |
|
|
AVTA
1278
DELISTED
Avantax, Inc. Common Stock
AVTA
| $29.3M | 0.01% |
726,756
-25,751
| -3% | -$938K |
|
|
MDRX
1279
DELISTED
Veradigm Inc. Common Stock
MDRX
| $29.2M | 0.01% |
2,051,345
| – | – |
|
1280
Materion
MTRN
$4.39B
| $29.2M | 0.01% |
482,208
| – | – |
|
1281
Spire
SR
$4.72B
| $29.1M | 0.01% |
395,367
+27,742
| +8% | +$2.05M |
|
|
CADE
1282
DELISTED
Cadence Bank
CADE
| $29M | 0.01% |
888,069
+57,888
| +7% | +$1.97M |
|
1283
Exponent
EXPO
$3.24B
| $29M | 0.01% |
541,017
+69,935
| +15% | +$3.58M |
|
1284
GATX Corp
GATX
$6.35B
| $29M | 0.01% |
334,745
| – | – |
|
1285
SLM Corp
SLM
$4.89B
| $29M | 0.01% |
2,597,235
| – | – |
|
1286
Abercrombie & Fitch
ANF
$4.42B
| $29M | 0.01% |
1,371,132
+46,970
| +4% | +$1.14M |
|
1287
BJ's Restaurants
BJRI
$1.42B
| $28.9M | 0.01% |
400,919
| – | – |
|
|
PDCE
1288
DELISTED
PDC Energy, Inc.
PDCE
| $28.9M | 0.01% |
590,809
+97,194
| +20% | +$5.39M |
|
|
FMBI
1289
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $28.9M | 0.01% |
1,087,804
+197,757
| +22% | +$5.29M |
|
1290
Cheesecake Factory
CAKE
$5.04B
| $28.9M | 0.01% |
539,963
+25,677
| +5% | +$1.39M |
|
1291
NETGEAR
NTGR
$648M
| $28.9M | 0.01% |
459,837
-13,651
| -3% | -$933K |
|
1292
Murphy USA
MUSA
$11.2B
| $28.9M | 0.01% |
337,905
+74,917
| +28% | +$6.18M |
|
|
NGHC
1293
DELISTED
National General Holdings Corp
NGHC
| $28.9M | 0.01% |
1,075,624
| – | – |
|
|
AL
1294
DELISTED
Air Lease Corp
AL
| $28.8M | 0.01% |
628,218
+25,515
| +4% | +$1.14M |
|
|
CWEN.A
1295
DELISTED
Clearway Energy Class A
CWEN.A
| $28.8M | 0.01% |
1,513,099
-50,352
| -3% | -$955K |
|
1296
ATI
ATI
$25.6B
| $28.8M | 0.01% |
972,958
| – | – |
|
1297
Cathay General Bancorp
CATY
$4.22B
| $28.8M | 0.01% |
693,814
| – | – |
|
|
PDM
1298
Piedmont Realty Trust
PDM
$1.21B
| $28.8M | 0.01% |
1,518,743
| – | – |
|
|
ESGR
1299
DELISTED
Enstar Group
ESGR
| $28.7M | 0.01% |
137,854
+15,000
| +12% | +$3.18M |
|
|
DO
1300
DELISTED
Diamond Offshore Drilling
DO
| $28.7M | 0.01% |
1,436,969
+57,971
| +4% | +$1.07M |
|
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.