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 | |
|---|---|---|---|---|---|---|
1326
Greif
GEF
$4.92B
| $27.5M | 0.01% |
511,907
| – | – |
|
|
CHSP
1327
DELISTED
Chesapeake Lodging Trust
CHSP
| $27.4M | 0.01% |
855,495
| – | – |
|
1328
Sally Beauty Holdings
SBH
$1.43B
| $27.4M | 0.01% |
1,491,813
+69,813
| +5% | +$1.12M |
|
1329
Theravance Biopharma
TBPH
$874M
| $27.4M | 0.01% |
838,748
+39,215
| +5% | +$1.07M |
|
|
BECN
1330
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $27.4M | 0.01% |
756,394
+56,677
| +8% | +$2.25M |
|
1331
Acadia Realty Trust
AKR
$3.09B
| $27.3M | 0.01% |
974,659
+35,026
| +4% | +$969K |
|
1332
White Mountains Insurance
WTM
$5.2B
| $27.2M | 0.01% |
29,114
| – | – |
|
|
HOUS
1333
DELISTED
Anywhere Real Estate
HOUS
| $27.2M | 0.01% |
1,319,595
| – | – |
|
|
GWB
1334
DELISTED
Great Western Bancorp, Inc.
GWB
| $27.2M | 0.01% |
645,119
| – | – |
|
1335
Banner Corp
BANR
$2.39B
| $27.2M | 0.01% |
437,070
| – | – |
|
1336
RBC Bearings
RBC
$17.4B
| $27.1M | 0.01% |
179,955
+29,708
| +20% | +$4.28M |
|
|
GTLS
1337
DELISTED
Chart Industries
GTLS
| $27M | 0.01% |
344,874
+12,987
| +4% | +$962K |
|
|
KNL
1338
DELISTED
Knoll, Inc.
KNL
| $27M | 0.01% |
1,151,464
| – | – |
|
1339
BJs Wholesale Club
BJ
$12.5B
| $26.9M | 0.01% |
1,003,846
+3,846
| +0.4% | +$103K |
|
1340
Cimpress
CMPR
$2.39B
| $26.9M | 0.01% |
196,728
+12,516
| +7% | +$1.81M |
|
1341
Brookdale Senior Living
BKD
$3.49B
| $26.8M | 0.01% |
2,725,691
| – | – |
|
1342
Hilltop Holdings
HTH
$2.26B
| $26.7M | 0.01% |
1,324,615
-179,822
| -12% | -$3.8M |
|
1343
Methode Electronics
MEI
$496M
| $26.7M | 0.01% |
737,054
-56,131
| -7% | -$2.2M |
|
1344
Nexstar Media Group
NXST
$5.82B
| $26.7M | 0.01% |
327,601
| – | – |
|
1345
Ironwood Pharmaceuticals
IRWD
$696M
| $26.6M | 0.01% |
1,721,741
+387,048
| +29% | +$6.12M |
|
|
WMGI
1346
DELISTED
Wright Medical Group Inc
WMGI
| $26.6M | 0.01% |
916,291
+460,000
| +101% | +$12.4M |
|
1347
Pegasystems
PEGA
$5.02B
| $26.6M | 0.01% |
849,262
-94,228
| -10% | -$2.85M |
|
|
HEES
1348
DELISTED
H&E Equipment Services
HEES
| $26.6M | 0.01% |
703,140
-25,484
| -3% | -$923K |
|
1349
Cars.com
CARS
$662M
| $26.6M | 0.01% |
961,927
| – | – |
|
1350
Huron Consulting
HURN
$2.41B
| $26.6M | 0.01% |
537,604
+38,283
| +8% | +$1.79M |
|
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.