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 | |
|---|---|---|---|---|---|---|
1351
Huazhu Hotels Group
HTHT
$13.1B
| $22.7M | 0.01% |
690,088
+204,876
| +42% | +$7.49M |
|
1352
Pebblebrook Hotel Trust
PEB
$2.15B
| $22.6M | 0.01% |
659,235
+46,934
| +8% | +$1.7M |
|
|
THS
1353
DELISTED
Treehouse Foods
THS
| $22.6M | 0.01% |
590,800
+29,500
| +5% | +$1.28M |
|
1354
HNI Corp
HNI
$3.24B
| $22.6M | 0.01% |
626,243
| – | – |
|
1355
Integer Holdings
ITGR
$4.12B
| $22.6M | 0.01% |
399,393
-4,600
| -1% | -$232K |
|
|
MTOR
1356
DELISTED
MERITOR, Inc.
MTOR
| $22.6M | 0.01% |
1,098,113
+286,661
| +35% | +$6.94M |
|
1357
Cheesecake Factory
CAKE
$5.04B
| $22.5M | 0.01% |
467,108
+224,066
| +92% | +$10.8M |
|
1358
Chegg
CHGG
$110M
| $22.3M | 0.01% |
1,081,420
+835,811
| +340% | +$15.8M |
|
|
SASR
1359
DELISTED
Sandy Spring Bancorp Inc
SASR
| $22.3M | 0.01% |
575,105
+103,210
| +22% | +$4.02M |
|
|
ACOR
1360
DELISTED
Acorda Therapeutics
ACOR
| $22.3M | 0.01% |
7,850
-215
| -3% | -$644K |
|
|
CPLA
1361
DELISTED
Capella Education Company
CPLA
| $22.3M | 0.01% |
254,764
-11,346
| -4% | -$931K |
|
|
WW
1362
DELISTED
WW International
WW
| $22.2M | 0.01% |
349,153
-104,062
| -23% | -$6.67M |
|
|
FOLD
1363
DELISTED
Amicus Therapeutics
FOLD
| $22.2M | 0.01% |
1,476,707
+228,774
| +18% | +$3.48M |
|
|
CSOD
1364
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $22.2M | 0.01% |
567,604
+277,600
| +96% | +$11.3M |
|
1365
Oil States International
OIS
$488M
| $22.1M | 0.01% |
844,412
-176,796
| -17% | -$5.06M |
|
|
HA
1366
DELISTED
Hawaiian Holdings, Inc.
HA
| $22.1M | 0.01% |
570,706
-107,841
| -16% | -$4.03M |
|
1367
Columbia Banking Systems
COLB
$8.84B
| $22M | 0.01% |
525,511
-84,518
| -14% | -$3.67M |
|
1368
Strategic Education
STRA
$1.85B
| $22M | 0.01% |
218,134
-1,500
| -0.7% | -$142K |
|
|
IPXL
1369
DELISTED
Impax Laboratories, Inc.
IPXL
| $22M | 0.01% |
1,130,781
+233,264
| +26% | +$4.58M |
|
|
RSPP
1370
DELISTED
RSP Permian, Inc.
RSPP
| $22M | 0.01% |
468,946
+24,260
| +5% | +$955K |
|
1371
Celestica
CLS
$38.1B
| $22M | 0.01% |
2,125,796
-214,500
| -9% | -$2.31M |
|
1372
First Hawaiian
FHB
$3.38B
| $21.9M | 0.01% |
787,890
+4,100
| +0.5% | +$119K |
|
1373
Herbalife
HLF
$1.29B
| $21.8M | 0.01% |
447,968
-591,134
| -57% | -$25.1M |
|
|
CAVM
1374
DELISTED
Cavium, Inc.
CAVM
| $21.8M | 0.01% |
274,623
+96,065
| +54% | +$8.39M |
|
1375
Hain Celestial
HAIN
$45M
| $21.8M | 0.01% |
679,336
-500,000
| -42% | -$18.2M |
|
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.