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
|
+$836M |
| 2 |
VMRK
Vivmark Residential
VMRK
|
+$579M |
| 3 |
Equitable Holdings
EQH
|
+$351M |
| 4 |
AT&T
T
|
+$345M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$657M |
| 2 |
MON
Monsanto Co
MON
|
+$486M |
| 3 |
Apple
AAPL
|
+$230M |
| 4 |
American International
AIG
|
+$211M |
| 5 |
SL Green Realty
SLG
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.86% |
| 2 | Technology | 17.5% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Discretionary | 11.54% |
| 5 | Communication Services | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
SiriusPoint
SPNT
$2.84B
| $25.6M | 0.01% |
2,044,934
-145,861
| -7% | -$1.95M |
|
1352
LXP Industrial Trust
LXP
$3.59B
| $25.5M | 0.01% |
584,022
| – | – |
|
|
ESGR
1353
DELISTED
Enstar Group
ESGR
| $25.5M | 0.01% |
122,854
+4,862
| +4% | +$1.03M |
|
1354
Carpenter Technology
CRS
$20.4B
| $25.4M | 0.01% |
483,084
+140,271
| +41% | +$7.59M |
|
|
ARI
1355
Apollo Commercial Real Estate
ARI
$836M
| $25.4M | 0.01% |
1,388,281
| – | – |
|
|
AL
1356
DELISTED
Air Lease Corp
AL
| $25.3M | 0.01% |
602,703
+22,241
| +4% | +$964K |
|
1357
HNI Corp
HNI
$3.34B
| $25.3M | 0.01% |
678,752
+52,509
| +8% | +$1.92M |
|
1358
Atlantic Union Bankshares
AUB
$5.59B
| $25.1M | 0.01% |
646,757
-138,031
| -18% | -$5.44M |
|
1359
Liberty Media Series A
FWONA
$21.9B
| $25.1M | 0.01% |
742,250
| – | – |
|
|
ECHO
1360
EchoStar
ECHO
$27.1B
| $25.1M | 0.01% |
696,500
| – | – |
|
|
TBI
1361
Trueblue
TBI
$276M
| $25M | 0.01% |
928,331
| – | – |
|
|
TIVO
1362
DELISTED
Tivo Inc
TIVO
| $24.9M | 0.01% |
1,852,046
-75,900
| -4% | -$1.08M |
|
1363
Cogent Communications
CCOI
$444M
| $24.9M | 0.01% |
465,514
| – | – |
|
1364
GATX Corp
GATX
$6.27B
| $24.8M | 0.01% |
334,745
+23,554
| +8% | +$1.66M |
|
|
SONC
1365
DELISTED
Sonic Corp
SONC
| $24.8M | 0.01% |
721,315
+40,096
| +6% | +$1.12M |
|
|
SRCI
1366
DELISTED
SRC Energy Inc
SRCI
| $24.8M | 0.01% |
2,252,726
+432,555
| +24% | +$4.82M |
|
1367
KBR
KBR
$4.61B
| $24.8M | 0.01% |
1,385,205
+759,365
| +121% | +$13.2M |
|
1368
Saia
SAIA
$9.14B
| $24.8M | 0.01% |
306,939
-51,887
| -14% | -$4M |
|
1369
Franklin Electric
FELE
$4.25B
| $24.8M | 0.01% |
549,875
-75,600
| -12% | -$3.37M |
|
1370
Brookdale Senior Living
BKD
$2.79B
| $24.8M | 0.01% |
2,725,691
-125,616
| -4% | -$975K |
|
1371
Liberty Latin America Class C
LILAK
$1.71B
| $24.8M | 0.01% |
1,492,830
-163,398
| -10% | -$2.85M |
|
1372
GrafTech
EAF
$212M
| $24.7M | 0.01% |
+137,059
| New | +$25M |
|
|
MDRX
1373
DELISTED
Veradigm Inc. Common Stock
MDRX
| $24.6M | 0.01% |
2,051,345
-84,104
| -4% | -$1.04M |
|
1374
Trustmark
TRMK
$2.74B
| $24.6M | 0.01% |
753,627
| – | – |
|
|
TERP
1375
DELISTED
TerraForm Power, Inc
TERP
| $24.6M | 0.01% |
2,100,990
+1,974,491
| +1,561% | +$22.1M |
|
Similar funds
Norges Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Norges Bank held 2,219 positions worth $291B, up 5.4% from $276B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q2 2018 filing shows 75 new, 838 increased, 618 reduced and 85 closed positions. Its largest new stake was Equitable Holdings: 16,478,469 shares worth $340M. The largest sale was Time Warner Inc, an estimated $657M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2018 buy was Equitable Holdings: 16,478,469 shares worth $340M.
- Norges Bank added most to Alibaba in Q2 2018, an estimated $836M increase.
- Norges Bank's biggest Q2 2018 reduction was Apple, cutting an estimated $230M.
- Norges Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $657M.
- Norges Bank's ten largest holdings make up 16% of its $291B portfolio in Q2 2018.
- Norges Bank opened 75 new positions and closed 85 in Q2 2018.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $291B.
Based on Norges Bank's 13F filing for Q2 2018, filed 23 Jul 2018.