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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Invesco Mortgage Capital
IVR
$759M
| $25.8M | 0.01% |
163,451
+21,648
| +15% | +$3.43M |
|
1327
Resideo Technologies
REZI
$5.19B
| $25.8M | 0.01% |
1,338,601
+209,937
| +19% | +$4.65M |
|
1328
Boyd Gaming
BYD
$6.18B
| $25.8M | 0.01% |
942,927
| – | – |
|
1329
RLI Corp
RLI
$5.62B
| $25.8M | 0.01% |
718,096
+64,112
| +10% | +$2.21M |
|
1330
Provident Financial Services
PFS
$3.22B
| $25.8M | 0.01% |
994,955
| – | – |
|
1331
Strategy Inc
MSTR
$34.1B
| $25.7M | 0.01% |
1,784,630
-403,430
| -18% | -$5.59M |
|
1332
O-I Glass
OI
$1.1B
| $25.6M | 0.01% |
1,350,293
+100,567
| +8% | +$1.95M |
|
1333
Benchmark Electronics
BHE
$2.87B
| $25.6M | 0.01% |
975,568
| – | – |
|
1334
Supernus Pharmaceuticals
SUPN
$2.59B
| $25.6M | 0.01% |
729,845
-14,000
| -2% | -$521K |
|
1335
GATX Corp
GATX
$6.35B
| $25.6M | 0.01% |
334,745
| – | – |
|
1336
Carpenter Technology
CRS
$25.8B
| $25.5M | 0.01% |
556,440
| – | – |
|
1337
Horace Mann Educators
HMN
$2.1B
| $25.5M | 0.01% |
724,069
| – | – |
|
1338
Four Corners Property Trust
FCPT
$2.81B
| $25.5M | 0.01% |
860,571
| – | – |
|
1339
Element Solutions
ESI
$8.95B
| $25.4M | 0.01% |
2,517,326
| – | – |
|
1340
Puma Biotechnology
PBYI
$404M
| $25.4M | 0.01% |
655,437
-18,740
| -3% | -$572K |
|
1341
Huron Consulting
HURN
$2.41B
| $25.4M | 0.01% |
537,604
| – | – |
|
1342
Jack in the Box
JACK
$312M
| $25.4M | 0.01% |
312,789
+12,338
| +4% | +$987K |
|
1343
AMN Healthcare
AMN
$1.3B
| $25.3M | 0.01% |
536,778
+75,145
| +16% | +$4.17M |
|
|
GCI
1344
DELISTED
Gannett Co., Inc
GCI
| $25.1M | 0.01% |
2,383,684
| – | – |
|
|
SAIL
1345
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $25.1M | 0.01% |
873,917
-604,403
| -41% | -$17.2M |
|
|
FMBI
1346
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $25.1M | 0.01% |
1,225,600
+50,479
| +4% | +$1.1M |
|
1347
Kulicke & Soffa
KLIC
$4.67B
| $25.1M | 0.01% |
1,133,979
-415,485
| -27% | -$9.19M |
|
|
CHX
1348
DELISTED
ChampionX
CHX
| $25.1M | 0.01% |
610,542
| – | – |
|
1349
Hope Bancorp
HOPE
$1.79B
| $25M | 0.01% |
1,911,308
| – | – |
|
1350
Caleres
CAL
$431M
| $24.9M | 0.01% |
1,009,170
| – | – |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.