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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1276
Pegasystems
PEGA
$5.02B
| $27.6M | 0.01% |
849,262
| – | – |
|
1277
Acadia Realty Trust
AKR
$3.09B
| $27.5M | 0.01% |
1,010,195
| – | – |
|
1278
KBR
KBR
$4.62B
| $27.5M | 0.01% |
1,441,733
+56,528
| +4% | +$1.02M |
|
1279
Cogent Communications
CCOI
$676M
| $27.5M | 0.01% |
506,899
+41,385
| +9% | +$2.04M |
|
|
WLL
1280
DELISTED
Whiting Petroleum Corporation
WLL
| $27.5M | 0.01% |
14,026
| – | – |
|
|
GRP.U
1281
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $27.5M | 0.01% |
574,567
| – | – |
|
1282
Cheesecake Factory
CAKE
$5.04B
| $27.4M | 0.01% |
560,581
+20,618
| +4% | +$948K |
|
|
SEM
1283
DELISTED
Select Medical
SEM
| $27.4M | 0.01% |
3,611,095
| – | – |
|
|
JOBS
1284
DELISTED
51job Inc
JOBS
| $27.3M | 0.01% |
350,266
+74,656
| +27% | +$5.18M |
|
1285
Brinker International
EAT
$9.17B
| $27.3M | 0.01% |
614,598
-22,737
| -4% | -$1.03M |
|
1286
Cathay General Bancorp
CATY
$4.22B
| $27.1M | 0.01% |
800,483
+29,824
| +4% | +$1.1M |
|
1287
Clearway Energy Class C
CWEN
$4.94B
| $27.1M | 0.01% |
1,794,170
| – | – |
|
|
EPAY
1288
DELISTED
Bottomline Technologies Inc
EPAY
| $27.1M | 0.01% |
541,201
+64,402
| +14% | +$3.11M |
|
|
CADE
1289
DELISTED
Cadence Bank
CADE
| $27M | 0.01% |
957,465
| – | – |
|
1290
Enerpac Tool Group
EPAC
$1.83B
| $27M | 0.01% |
1,108,260
| – | – |
|
|
P
1291
Everpure Inc
P
$25.7B
| $27M | 0.01% |
1,237,232
+73,829
| +6% | +$1.4M |
|
|
MNTA
1292
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $26.9M | 0.01% |
1,853,469
+71,479
| +4% | +$913K |
|
1293
Adeia
ADEA
$2.94B
| $26.9M | 0.01% |
4,349,892
| – | – |
|
1294
Genworth Financial
GNW
$3.76B
| $26.9M | 0.01% |
7,030,917
| – | – |
|
|
AAT
1295
American Assets Trust
AAT
$1.45B
| $26.9M | 0.01% |
586,433
| – | – |
|
1296
Deluxe
DLX
$1.18B
| $26.9M | 0.01% |
615,057
| – | – |
|
|
MGLN
1297
DELISTED
Magellan Health Services, Inc.
MGLN
| $26.9M | 0.01% |
407,739
| – | – |
|
1298
Glaukos
GKOS
$9.83B
| $26.8M | 0.01% |
342,009
+292,101
| +585% | +$19.5M |
|
1299
SLM Corp
SLM
$4.89B
| $26.7M | 0.01% |
2,696,146
| – | – |
|
1300
Innospec
IOSP
$2.12B
| $26.7M | 0.01% |
320,436
+12,043
| +4% | +$898K |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.