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 |
Meta Platforms (Facebook)
META
|
+$203M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$196M |
| 3 |
AT&T
T
|
+$174M |
| 4 |
NIO
NIO
|
+$163M |
| 5 |
T-Mobile US
TMUS
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GGP
GGP Inc.
GGP
|
+$606M |
| 2 |
Wells Fargo
WFC
|
+$206M |
| 3 |
Oracle
ORCL
|
+$200M |
| 4 |
UBS Group
UBS
|
+$185M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.96% |
| 2 | Financials | 17.19% |
| 3 | Healthcare | 13.99% |
| 4 | Consumer Discretionary | 11.37% |
| 5 | Communication Services | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
BOK Financial
BOKF
$8.58B
| $28.7M | 0.01% |
295,327
+16,361
| +6% | +$1.63M |
|
1302
Quaker Houghton
KWR
$2.76B
| $28.7M | 0.01% |
142,072
| – | – |
|
|
AUY
1303
DELISTED
Yamana Gold, Inc.
AUY
| $28.7M | 0.01% |
11,529,293
| – | – |
|
|
AZUL
1304
DELISTED
Azul
AZUL
| $28.6M | 0.01% |
1,607,516
+257,516
| +19% | +$4.55M |
|
1305
Adient
ADNT
$1.65B
| $28.5M | 0.01% |
724,265
| – | – |
|
|
ELME
1306
Elme Communities
ELME
$143M
| $28.3M | 0.01% |
922,128
+31,766
| +4% | +$977K |
|
1307
Agios Pharmaceuticals
AGIO
$1.79B
| $28.3M | 0.01% |
366,476
| – | – |
|
1308
TD Synnex
SNX
$20.4B
| $28.2M | 0.01% |
666,794
+21,052
| +3% | +$1.01M |
|
|
ESL
1309
DELISTED
Esterline Technologies
ESL
| $28.2M | 0.01% |
310,237
-46,560
| -13% | -$3.92M |
|
|
BRSL
1310
Brightstar Lottery PLC
BRSL
$1.84B
| $28.2M | 0.01% |
1,428,094
-80,149
| -5% | -$1.75M |
|
1311
Cracker Barrel
CBRL
$1.26B
| $28M | 0.01% |
190,528
| – | – |
|
|
PSB
1312
DELISTED
PS Business Parks, Inc.
PSB
| $28M | 0.01% |
220,303
+7,629
| +4% | +$984K |
|
|
MNTA
1313
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $28M | 0.01% |
1,063,318
+99,294
| +10% | +$2.68M |
|
1314
Oxford Industries
OXM
$566M
| $27.9M | 0.01% |
309,579
| – | – |
|
1315
Dillards
DDS
$9.19B
| $27.9M | 0.01% |
365,551
+114,256
| +45% | +$9.27M |
|
|
MANT
1316
DELISTED
Mantech International Corp
MANT
| $27.9M | 0.01% |
440,707
-64,653
| -13% | -$4.03M |
|
1317
Outfront Media
OUT
$5.61B
| $27.8M | 0.01% |
1,417,999
-115,347
| -8% | -$2.29M |
|
|
PINC
1318
DELISTED
Premier
PINC
| $27.8M | 0.01% |
607,039
+42,491
| +8% | +$1.71M |
|
1319
Worthington Enterprises
WOR
$2.75B
| $27.6M | 0.01% |
1,034,027
-482,128
| -32% | -$13.5M |
|
1320
Enerpac Tool Group
EPAC
$1.83B
| $27.6M | 0.01% |
990,057
+163,584
| +20% | +$4.71M |
|
|
BIG
1321
DELISTED
Big Lots, Inc.
BIG
| $27.6M | 0.01% |
660,338
-24,283
| -4% | -$1.07M |
|
1322
Power Integrations
POWI
$3.38B
| $27.6M | 0.01% |
872,940
-26,990
| -3% | -$971K |
|
1323
J&J Snack Foods
JJSF
$1.43B
| $27.6M | 0.01% |
182,755
-19,491
| -10% | -$2.9M |
|
1324
Rogers Corp
ROG
$2.21B
| $27.6M | 0.01% |
187,043
-130,419
| -41% | -$17.2M |
|
1325
Amneal Pharmaceuticals
AMRX
$5.85B
| $27.5M | 0.01% |
1,238,856
+115,826
| +10% | +$2.44M |
|
Similar funds
Norges Bank's Q3 2018 Portfolio in Review
As of Q3 2018, Norges Bank held 2,209 positions worth $308B, up 5.7% from $291B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2018 filing shows 74 new, 715 increased, 609 reduced and 67 closed positions. Its largest new stake was NIO: 19,750,000 shares worth $138M. The largest sale was GGP Inc., an estimated $606M.
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 Q3 2018 buy was NIO: 19,750,000 shares worth $138M.
- Norges Bank added most to Meta Platforms (Facebook) in Q3 2018, an estimated $203M increase.
- Norges Bank's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $206M.
- Norges Bank fully exited GGP Inc. in Q3 2018, selling an estimated $606M.
- Norges Bank's ten largest holdings make up 17% of its $308B portfolio in Q3 2018.
- Norges Bank opened 74 new positions and closed 67 in Q3 2018.
- Norges Bank's portfolio value rose 5.7% quarter-over-quarter to $308B.
Based on Norges Bank's 13F filing for Q3 2018, filed 9 Nov 2018.