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 |
Alcon
ALC
|
+$602M |
| 2 |
Alexandria Real Estate Equities
ARE
|
+$488M |
| 3 |
Dow Inc
DOW
|
+$384M |
| 4 |
UBS Group
UBS
|
+$245M |
| 5 |
Regency Centers
REG
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameriprise Financial
AMP
|
+$280M |
| 2 |
Johnson Controls International
JCI
|
+$235M |
| 3 |
Linde
LIN
|
+$197M |
| 4 |
Baxter International
BAX
|
+$193M |
| 5 |
DuPont de Nemours
DD
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.05% |
| 2 | Financials | 16.91% |
| 3 | Healthcare | 13.48% |
| 4 | Consumer Discretionary | 11.5% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1276
United Fire Group
UFCS
$1.32B
| $27.9M | 0.01% |
574,848
+72,898
| +15% | +$3.33M |
|
|
BECN
1277
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $27.8M | 0.01% |
756,394
| – | – |
|
|
SWN
1278
DELISTED
Southwestern Energy Company
SWN
| $27.8M | 0.01% |
8,787,717
| – | – |
|
1279
Albany International
AIN
$2.11B
| $27.7M | 0.01% |
334,202
+52,876
| +19% | +$3.96M |
|
1280
PTC Therapeutics
PTCT
$5.68B
| $27.7M | 0.01% |
614,493
+506,123
| +467% | +$20M |
|
1281
Acadia Realty Trust
AKR
$3.09B
| $27.6M | 0.01% |
1,010,195
| – | – |
|
|
CHK
1282
DELISTED
Chesapeake Energy Corporation
CHK
| $27.6M | 0.01% |
70,834
| – | – |
|
1283
Tenet Healthcare
THC
$20.5B
| $27.6M | 0.01% |
1,334,972
| – | – |
|
1284
GATX Corp
GATX
$6.35B
| $27.6M | 0.01% |
347,804
+13,059
| +4% | +$993K |
|
1285
Yelp
YELP
$1.45B
| $27.5M | 0.01% |
805,648
| – | – |
|
1286
WesBanco
WSBC
$3.97B
| $27.5M | 0.01% |
713,934
-24,710
| -3% | -$951K |
|
|
ANAT
1287
DELISTED
American National Group, Inc. Common Stock
ANAT
| $27.5M | 0.01% |
236,071
| – | – |
|
1288
Vishay Intertechnology
VSH
$5.25B
| $27.5M | 0.01% |
1,664,196
+1,018
| +0.1% | +$18K |
|
|
MANT
1289
DELISTED
Mantech International Corp
MANT
| $27.5M | 0.01% |
417,343
-23,364
| -5% | -$1.42M |
|
1290
HNI Corp
HNI
$3.24B
| $27.4M | 0.01% |
774,603
| – | – |
|
1291
Alkermes
ALKS
$8.22B
| $27.3M | 0.01% |
1,210,156
+6,755
| +0.6% | +$185K |
|
|
ECHO
1292
EchoStar
ECHO
$24.4B
| $27.2M | 0.01% |
756,712
+60,212
| +9% | +$2.01M |
|
|
VRE
1293
DELISTED
Veris Residential
VRE
| $27.1M | 0.01% |
1,165,051
| – | – |
|
1294
Urban Edge Properties
UE
$2.86B
| $27.1M | 0.01% |
1,565,343
| – | – |
|
1295
Pan American Silver
PAAS
$18.2B
| $27.1M | 0.01% |
2,091,723
| – | – |
|
1296
Belden
BDC
$4.85B
| $27.1M | 0.01% |
454,912
| – | – |
|
1297
Helios Technologies
HLIO
$2.57B
| $27.1M | 0.01% |
583,265
+68,350
| +13% | +$3.19M |
|
|
PRSU
1298
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $27M | 0.01% |
407,889
| – | – |
|
1299
Trustmark
TRMK
$2.76B
| $27M | 0.01% |
812,530
+28,563
| +4% | +$965K |
|
1300
Jack in the Box
JACK
$312M
| $27M | 0.01% |
331,234
+18,445
| +6% | +$1.49M |
|
Similar funds
Norges Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Norges Bank held 2,175 positions worth $324B, up 4.5% from $310B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q2 2019 filing shows 49 new, 658 increased, 482 reduced and 69 closed positions. Its largest new stake was Alcon: 10,263,150 shares worth $635M. The largest sale was Ameriprise Financial, an estimated $280M.
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 Q2 2019 buy was Alcon: 10,263,150 shares worth $635M.
- Norges Bank added most to Alexandria Real Estate Equities in Q2 2019, an estimated $488M increase.
- Norges Bank's biggest Q2 2019 reduction was Ameriprise Financial, cutting an estimated $280M.
- Norges Bank fully exited Johnson Controls International in Q2 2019, selling an estimated $235M.
- Norges Bank's ten largest holdings make up 17% of its $324B portfolio in Q2 2019.
- Norges Bank opened 49 new positions and closed 69 in Q2 2019.
- Norges Bank's portfolio value rose 4.5% quarter-over-quarter to $324B.
Based on Norges Bank's 13F filing for Q2 2019, filed 9 Aug 2019.