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 | |
|---|---|---|---|---|---|---|
|
HF
1326
DELISTED
HFF Inc.
HF
| $23.7M | 0.01% |
477,722
| – | – |
|
1327
Simpson Manufacturing
SSD
$7.72B
| $23.7M | 0.01% |
412,084
-19,600
| -5% | -$1.13M |
|
1328
Rexford Industrial Realty
REXR
$8.42B
| $23.7M | 0.01% |
823,478
| – | – |
|
|
PRSU
1329
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $23.7M | 0.01% |
451,991
-81,796
| -15% | -$4.47M |
|
|
IRBT
1330
DELISTED
iRobot
IRBT
| $23.7M | 0.01% |
369,215
-26,318
| -7% | -$1.98M |
|
1331
Trustmark
TRMK
$2.76B
| $23.5M | 0.01% |
753,627
+61,823
| +9% | +$1.99M |
|
|
LHCG
1332
DELISTED
LHC Group LLC
LHCG
| $23.4M | 0.01% |
380,733
-100,120
| -21% | -$6.32M |
|
1333
Acadia Healthcare
ACHC
$2.76B
| $23.4M | 0.01% |
598,108
+249,397
| +72% | +$9.14M |
|
|
ELME
1334
Elme Communities
ELME
$143M
| $23.4M | 0.01% |
856,174
| – | – |
|
|
EGOV
1335
DELISTED
NIC Inc
EGOV
| $23.3M | 0.01% |
1,754,782
-122,018
| -7% | -$1.81M |
|
1336
Healthcare Services Group
HCSG
$1.6B
| $23.3M | 0.01% |
536,656
-66,794
| -11% | -$3.27M |
|
1337
Rambus
RMBS
$9.87B
| $23.3M | 0.01% |
1,736,422
| – | – |
|
1338
First Financial Bancorp
FFBC
$3.55B
| $23.3M | 0.01% |
792,281
| – | – |
|
|
KNL
1339
DELISTED
Knoll, Inc.
KNL
| $23.2M | 0.01% |
1,151,464
| – | – |
|
1340
Invesco Mortgage Capital
IVR
$759M
| $23.2M | 0.01% |
141,803
| – | – |
|
1341
Acadia Realty Trust
AKR
$3.09B
| $23.1M | 0.01% |
939,633
| – | – |
|
1342
Oxford Industries
OXM
$566M
| $23.1M | 0.01% |
309,579
| – | – |
|
1343
Orthofix Medical
OFIX
$477M
| $23.1M | 0.01% |
392,295
-70,215
| -15% | -$3.93M |
|
1344
Walker & Dunlop
WD
$1.71B
| $23M | 0.01% |
387,604
+44,540
| +13% | +$2.21M |
|
1345
LXP Industrial Trust
LXP
$3.57B
| $23M | 0.01% |
584,022
| – | – |
|
1346
ONE Gas
OGS
$4.87B
| $22.9M | 0.01% |
347,200
-7,566
| -2% | -$509K |
|
|
AKRX
1347
DELISTED
Akorn Inc
AKRX
| $22.8M | 0.01% |
1,219,916
| – | – |
|
|
LPNT
1348
DELISTED
LifePoint Health, Inc.
LPNT
| $22.8M | 0.01% |
485,214
+192,080
| +66% | +$9.24M |
|
|
AY
1349
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $22.8M | 0.01% |
1,163,298
+39,575
| +4% | +$803K |
|
|
WLL
1350
DELISTED
Whiting Petroleum Corporation
WLL
| $22.7M | 0.01% |
8,959
-3,200
| -26% | -$6.87M |
|
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.