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 | |
|---|---|---|---|---|---|---|
1376
World Kinect Corp
WKC
$2.04B
| $21.8M | 0.01% |
886,678
+190,239
| +27% | +$4.89M |
|
|
WEB
1377
DELISTED
Web.com Group, Inc.
WEB
| $21.8M | 0.01% |
1,202,310
-161,923
| -12% | -$3.3M |
|
1378
Northwest Bancshares
NWBI
$2.3B
| $21.7M | 0.01% |
1,312,517
-68,300
| -5% | -$1.15M |
|
1379
Philips
PHG
$25.7B
| $21.7M | 0.01% |
746,292
| – | – |
|
|
CHUBK
1380
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $21.7M | 0.01% |
964,933
-284,700
| -23% | -$5.74M |
|
1381
Primoris Services
PRIM
$4.58B
| $21.6M | 0.01% |
866,367
+75,738
| +10% | +$1.94M |
|
1382
Sinclair Inc
SBGI
$992M
| $21.5M | 0.01% |
687,105
+35,700
| +5% | +$1.27M |
|
|
BNCL
1383
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $21.5M | 0.01% |
1,380,762
-167,305
| -11% | -$2.67M |
|
|
UNT
1384
DELISTED
UNIT Corporation
UNT
| $21.4M | 0.01% |
1,085,167
-192,584
| -15% | -$4.2M |
|
|
CBPO
1385
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $21.4M | 0.01% |
264,131
| – | – |
|
1386
Element Solutions
ESI
$8.95B
| $21.4M | 0.01% |
2,220,372
-347,354
| -14% | -$3.71M |
|
1387
GATX Corp
GATX
$6.35B
| $21.3M | 0.01% |
311,191
+16,290
| +6% | +$1.11M |
|
1388
Rayonier Advanced Materials
RYAM
$604M
| $21.3M | 0.01% |
991,298
-45,548
| -4% | -$891K |
|
1389
Enerpac Tool Group
EPAC
$1.83B
| $21.3M | 0.01% |
915,073
-130,803
| -13% | -$3.15M |
|
1390
Marriott Vacations Worldwide
VAC
$3.35B
| $21.2M | 0.01% |
159,524
+37,886
| +31% | +$5.36M |
|
|
CYBR
1391
DELISTED
CyberArk
CYBR
| $21.2M | 0.01% |
416,133
+41,915
| +11% | +$1.95M |
|
|
TYPE
1392
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $21.2M | 0.01% |
943,846
+100,000
| +12% | +$2.41M |
|
1393
Scansource
SCSC
$1.15B
| $21.2M | 0.01% |
595,734
-77,936
| -12% | -$2.66M |
|
1394
Chord Energy
CHRD
$7.9B
| $21.2M | 0.01% |
2,613,658
+311,223
| +14% | +$2.63M |
|
1395
Artisan Partners
APAM
$2.79B
| $21.2M | 0.01% |
635,729
-33,200
| -5% | -$1.2M |
|
1396
Clearway Energy Class C
CWEN
$4.94B
| $21.1M | 0.01% |
1,243,849
| – | – |
|
1397
CorVel
CRVL
$3.06B
| $21.1M | 0.01% |
1,254,348
-80,754
| -6% | -$1.37M |
|
1398
Terreno Realty
TRNO
$7.57B
| $21.1M | 0.01% |
610,980
+124,303
| +26% | +$4.27M |
|
1399
Quaker Houghton
KWR
$2.79B
| $21M | 0.01% |
142,072
| – | – |
|
|
VRTU
1400
DELISTED
Virtusa Corporation
VRTU
| $21M | 0.01% |
432,855
-181,722
| -30% | -$8.66M |
|
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.