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
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HRG
1301
DELISTED
HRG Group, Inc.
HRG
| $24.4M | 0.01% |
1,479,636
-136,200
| -8% | -$2.27M |
|
1302
Badger Meter
BMI
$3.89B
| $24.4M | 0.01% |
517,304
-2,200
| -0.4% | -$106K |
|
|
AVTA
1303
DELISTED
Avantax, Inc. Common Stock
AVTA
| $24.3M | 0.01% |
988,761
-224,385
| -18% | -$5.33M |
|
1304
Acco Brands
ACCO
$389M
| $24.3M | 0.01% |
1,937,596
-835,679
| -30% | -$10.5M |
|
|
TARO
1305
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $24.3M | 0.01% |
246,049
| – | – |
|
1306
Evertec
EVTC
$1.88B
| $24.3M | 0.01% |
1,485,538
-473,841
| -24% | -$7.45M |
|
1307
Cameco
CCJ
$37.6B
| $24.1M | 0.01% |
2,658,549
+122,700
| +5% | +$1.14M |
|
|
NXGN
1308
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $24.1M | 0.01% |
1,768,565
-124,097
| -7% | -$1.63M |
|
1309
Sensient Technologies
SXT
$5.26B
| $24.1M | 0.01% |
341,480
-183,892
| -35% | -$13.2M |
|
|
FARO
1310
DELISTED
Faro Technologies
FARO
| $24M | 0.01% |
411,715
+62,005
| +18% | +$3.44M |
|
|
TBI
1311
Trueblue
TBI
$215M
| $24M | 0.01% |
928,331
-234,988
| -20% | -$6.42M |
|
|
PSB
1312
DELISTED
PS Business Parks, Inc.
PSB
| $24M | 0.01% |
212,674
+1,100
| +0.5% | +$127K |
|
1313
United Fire Group
UFCS
$1.32B
| $24M | 0.01% |
501,950
-142,141
| -22% | -$6.4M |
|
|
AVX
1314
DELISTED
AVX Corporation
AVX
| $24M | 0.01% |
1,450,914
| – | – |
|
1315
Dycom Industries
DY
$12B
| $24M | 0.01% |
222,946
+56,377
| +34% | +$6.4M |
|
1316
Adeia
ADEA
$2.94B
| $24M | 0.01% |
4,280,551
-604,974
| -12% | -$3.61M |
|
1317
Rogers Corp
ROG
$2.21B
| $23.9M | 0.01% |
200,324
-43,775
| -18% | -$6.66M |
|
1318
Herc Holdings
HRI
$5.02B
| $23.9M | 0.01% |
367,948
-7,800
| -2% | -$509K |
|
1319
S&T Bancorp
STBA
$1.88B
| $23.8M | 0.01% |
596,604
| – | – |
|
1320
Wabtec
WAB
$49.1B
| $23.8M | 0.01% |
292,338
-293,841
| -50% | -$23.7M |
|
|
CHSP
1321
DELISTED
Chesapeake Lodging Trust
CHSP
| $23.8M | 0.01% |
855,495
| – | – |
|
1322
LCI Industries
LCII
$2.49B
| $23.8M | 0.01% |
228,404
-37,443
| -14% | -$4.3M |
|
1323
H.B. Fuller
FUL
$2.97B
| $23.8M | 0.01% |
478,095
| – | – |
|
1324
CBIZ
CBZ
$2.99B
| $23.8M | 0.01% |
1,301,961
-110,582
| -8% | -$1.92M |
|
|
SYNH
1325
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $23.7M | 0.01% |
668,812
+155,513
| +30% | +$6.09M |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.