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
|
+$836M |
| 2 |
VMRK
Vivmark Residential
VMRK
|
+$579M |
| 3 |
Equitable Holdings
EQH
|
+$351M |
| 4 |
AT&T
T
|
+$345M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$657M |
| 2 |
MON
Monsanto Co
MON
|
+$486M |
| 3 |
Apple
AAPL
|
+$230M |
| 4 |
American International
AIG
|
+$211M |
| 5 |
SL Green Realty
SLG
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.86% |
| 2 | Technology | 17.5% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Discretionary | 11.54% |
| 5 | Communication Services | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MANT
1301
DELISTED
Mantech International Corp
MANT
| $27.1M | 0.01% |
505,360
-39,464
| -7% | -$2.2M |
|
|
GWB
1302
DELISTED
Great Western Bancorp, Inc.
GWB
| $27.1M | 0.01% |
645,119
| – | – |
|
1303
Greif
GEF
$4.71B
| $27.1M | 0.01% |
511,907
| – | – |
|
1304
EXL Service
EXLS
$5.44B
| $27.1M | 0.01% |
2,390,955
-184,350
| -7% | -$2.1M |
|
|
CHSP
1305
DELISTED
Chesapeake Lodging Trust
CHSP
| $27.1M | 0.01% |
855,495
| – | – |
|
|
ACOR
1306
DELISTED
Acorda Therapeutics
ACOR
| $27M | 0.01% |
7,850
| – | – |
|
|
BID
1307
DELISTED
Sotheby's
BID
| $27M | 0.01% |
497,488
+104,256
| +27% | +$5.77M |
|
|
ELME
1308
Elme Communities
ELME
$145M
| $27M | 0.01% |
890,362
+34,188
| +4% | +$978K |
|
|
GWR
1309
DELISTED
Genesee & Wyoming Inc.
GWR
| $27M | 0.01% |
331,762
+40,190
| +14% | +$3.05M |
|
|
SCS
1310
DELISTED
Steelcase
SCS
| $27M | 0.01% |
1,997,661
+90,737
| +5% | +$1.29M |
|
|
JOBS
1311
DELISTED
51job Inc
JOBS
| $26.9M | 0.01% |
275,610
+61,629
| +29% | +$6.04M |
|
1312
Synaptics
SYNA
$3.49B
| $26.9M | 0.01% |
533,614
-147,439
| -22% | -$6.69M |
|
1313
Acco Brands
ACCO
$392M
| $26.8M | 0.01% |
1,937,596
| – | – |
|
|
SYNH
1314
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $26.8M | 0.01% |
570,676
-98,136
| -15% | -$4.06M |
|
1315
Cimpress
CMPR
$1.98B
| $26.7M | 0.01% |
184,212
+9,506
| +5% | +$1.38M |
|
1316
Itron
ITRI
$4.03B
| $26.7M | 0.01% |
444,652
+37,589
| +9% | +$2.38M |
|
1317
HealthEquity
HQY
$7.94B
| $26.7M | 0.01% |
355,428
+105,907
| +42% | +$7.61M |
|
|
CWEN.A
1318
DELISTED
Clearway Energy Class A
CWEN.A
| $26.7M | 0.01% |
1,563,451
+1,332,830
| +578% | +$23M |
|
|
GCI
1319
DELISTED
Gannett Co., Inc
GCI
| $26.5M | 0.01% |
2,481,244
| – | – |
|
1320
Pebblebrook Hotel Trust
PEB
$2.01B
| $26.5M | 0.01% |
683,702
+24,467
| +4% | +$920K |
|
1321
White Mountains Insurance
WTM
$4.92B
| $26.4M | 0.01% |
29,114
-1,180
| -4% | -$1.04M |
|
|
RAVN
1322
DELISTED
Raven Industries Inc
RAVN
| $26.4M | 0.01% |
686,422
-97,401
| -12% | -$3.72M |
|
1323
Federal Signal
FSS
$7.04B
| $26.4M | 0.01% |
1,131,946
-126,792
| -10% | -$2.95M |
|
|
CHS
1324
DELISTED
Chicos FAS, Inc.
CHS
| $26.3M | 0.01% |
3,235,705
+430,841
| +15% | +$4.08M |
|
|
ESL
1325
DELISTED
Esterline Technologies
ESL
| $26.3M | 0.01% |
356,797
-46,862
| -12% | -$3.46M |
|
Similar funds
Norges Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Norges Bank held 2,219 positions worth $291B, up 5.4% from $276B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q2 2018 filing shows 75 new, 838 increased, 618 reduced and 85 closed positions. Its largest new stake was Equitable Holdings: 16,478,469 shares worth $340M. The largest sale was Time Warner Inc, an estimated $657M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2018 buy was Equitable Holdings: 16,478,469 shares worth $340M.
- Norges Bank added most to Alibaba in Q2 2018, an estimated $836M increase.
- Norges Bank's biggest Q2 2018 reduction was Apple, cutting an estimated $230M.
- Norges Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $657M.
- Norges Bank's ten largest holdings make up 16% of its $291B portfolio in Q2 2018.
- Norges Bank opened 75 new positions and closed 85 in Q2 2018.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $291B.
Based on Norges Bank's 13F filing for Q2 2018, filed 23 Jul 2018.