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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1276
BOK Financial
BOKF
$8.56B
| $27.3M | 0.01% |
344,854
-6,353
| -2% | -$498K |
|
1277
New Jersey Resources
NJR
$5.9B
| $27.3M | 0.01% |
603,388
| – | – |
|
|
ELME
1278
Elme Communities
ELME
$142M
| $27.1M | 0.01% |
992,228
| – | – |
|
1279
Commault Systems
CVLT
$4.72B
| $27.1M | 0.01% |
606,875
| – | – |
|
1280
Invesco Mortgage Capital
IVR
$750M
| $27.1M | 0.01% |
177,041
+13,590
| +8% | +$2.16M |
|
1281
Dana Inc
DAN
$2.82B
| $27.1M | 0.01% |
1,875,400
| – | – |
|
1282
Saia
SAIA
$9.24B
| $27M | 0.01% |
288,553
-18,211
| -6% | -$1.44M |
|
1283
Zillow
ZG
$7.74B
| $27M | 0.01% |
914,858
| – | – |
|
1284
Hilltop Holdings
HTH
$2.25B
| $27M | 0.01% |
1,130,635
-46,339
| -4% | -$1.06M |
|
|
AXE
1285
DELISTED
Anixter International Inc
AXE
| $27M | 0.01% |
390,636
-177,251
| -31% | -$10.9M |
|
1286
CareTrust REIT
CTRE
$9.77B
| $27M | 0.01% |
1,148,399
+123,793
| +12% | +$2.91M |
|
|
CHNG
1287
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $26.9M | 0.01% |
2,229,777
-20,223
| -0.9% | -$278K |
|
|
TCO
1288
DELISTED
Taubman Centers Inc.
TCO
| $26.9M | 0.01% |
658,520
-302,921
| -32% | -$12.3M |
|
|
DHC
1289
Diversified Healthcare Trust
DHC
$2.15B
| $26.9M | 0.01% |
2,904,606
+31,203
| +1% | +$269K |
|
|
PRFT
1290
DELISTED
Perficient Inc
PRFT
| $26.8M | 0.01% |
695,000
-29,420
| -4% | -$1.07M |
|
1291
Kaiser Aluminum
KALU
$2.59B
| $26.7M | 0.01% |
270,169
-16,144
| -6% | -$1.52M |
|
1292
Insight Enterprises
NSIT
$3.85B
| $26.7M | 0.01% |
479,361
| – | – |
|
1293
WesBanco
WSBC
$3.96B
| $26.7M | 0.01% |
713,934
| – | – |
|
1294
Sally Beauty Holdings
SBH
$1.45B
| $26.6M | 0.01% |
1,789,051
| – | – |
|
|
SEM
1295
DELISTED
Select Medical
SEM
| $26.6M | 0.01% |
2,982,646
| – | – |
|
1296
SITE Centers
SITC
$223M
| $26.6M | 0.01% |
2,256,640
+250,827
| +13% | +$2.73M |
|
|
PRSU
1297
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $26.6M | 0.01% |
395,666
-12,223
| -3% | -$822K |
|
1298
LCI Industries
LCII
$2.46B
| $26.5M | 0.01% |
288,813
+5,644
| +2% | +$502K |
|
|
NGHC
1299
DELISTED
National General Holdings Corp
NGHC
| $26.5M | 0.01% |
1,151,953
| – | – |
|
1300
Dropbox
DBX
$7.52B
| $26.5M | 0.01% |
1,314,669
+311,470
| +31% | +$6.64M |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
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 Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.