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 | |
|---|---|---|---|---|---|---|
|
SNBR
1351
DELISTED
Sleep Number
SNBR
| $24.8M | 0.01% |
528,633
| – | – |
|
1352
Children's Place
PLCE
$54.3M
| $24.8M | 0.01% |
255,099
| – | – |
|
1353
WSFS Financial
WSFS
$4.12B
| $24.8M | 0.01% |
642,842
+387,674
| +152% | +$16.1M |
|
|
MIK
1354
DELISTED
Michaels Stores, Inc
MIK
| $24.8M | 0.01% |
2,171,230
-84,033
| -4% | -$1.15M |
|
1355
Range Resources
RRC
$9.38B
| $24.8M | 0.01% |
2,202,904
+155,349
| +8% | +$1.68M |
|
1356
Fox Factory Holding Corp
FOXF
$755M
| $24.8M | 0.01% |
354,136
+17,546
| +5% | +$1.11M |
|
|
ALEX
1357
DELISTED
Alexander & Baldwin
ALEX
| $24.7M | 0.01% |
972,368
+77,446
| +9% | +$1.78M |
|
|
TWOU
1358
DELISTED
2U Inc
TWOU
| $24.7M | 0.01% |
11,636
+4,135
| +55% | +$7.81M |
|
1359
OSI Systems
OSIS
$3.65B
| $24.7M | 0.01% |
282,085
| – | – |
|
1360
Banner Corp
BANR
$2.39B
| $24.6M | 0.01% |
453,851
| – | – |
|
1361
Bilibili
BILI
$7.99B
| $24.6M | 0.01% |
1,295,651
-83,999
| -6% | -$1.47M |
|
|
DISH
1362
DELISTED
DISH Network Corp.
DISH
| $24.5M | 0.01% |
773,550
| – | – |
|
1363
Terex
TEX
$7.18B
| $24.5M | 0.01% |
761,120
| – | – |
|
|
TRTN
1364
DELISTED
Triton International Limited
TRTN
| $24.4M | 0.01% |
786,183
+159,774
| +26% | +$5.32M |
|
1365
Belden
BDC
$4.85B
| $24.4M | 0.01% |
454,912
+310,218
| +214% | +$17M |
|
1366
Oxford Industries
OXM
$566M
| $24.4M | 0.01% |
324,278
| – | – |
|
1367
SM Energy
SM
$7.8B
| $24.4M | 0.01% |
1,392,630
| – | – |
|
|
BECN
1368
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $24.3M | 0.01% |
756,394
| – | – |
|
|
AIMC
1369
DELISTED
Altra Industrial Motion Corp
AIMC
| $24.3M | 0.01% |
782,199
+283,089
| +57% | +$8.58M |
|
|
AVTA
1370
DELISTED
Avantax, Inc. Common Stock
AVTA
| $24.3M | 0.01% |
726,756
| – | – |
|
1371
Dave & Buster's
PLAY
$377M
| $24.2M | 0.01% |
485,746
+20,000
| +4% | +$981K |
|
1372
Liberty Media Series A
FWONA
$22.5B
| $24.2M | 0.01% |
742,250
| – | – |
|
|
HF
1373
DELISTED
HFF Inc.
HF
| $24M | 0.01% |
503,402
| – | – |
|
|
ESGR
1374
DELISTED
Enstar Group
ESGR
| $24M | 0.01% |
137,854
| – | – |
|
1375
Helios Technologies
HLIO
$2.57B
| $23.9M | 0.01% |
514,915
+50,606
| +11% | +$2.02M |
|
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.