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 | |
|---|---|---|---|---|---|---|
1376
Gibraltar Industries
ROCK
$1.33B
| $24.5M | 0.01% |
652,136
+341,869
| +110% | +$12.7M |
|
1377
ATI
ATI
$25.8B
| $24.4M | 0.01% |
972,958
-110,726
| -10% | -$3M |
|
1378
Sinclair Inc
SBGI
$1.01B
| $24.4M | 0.01% |
759,251
+72,146
| +10% | +$2.16M |
|
1379
News Corp Class B
NWS
$17.9B
| $24.4M | 0.01% |
1,538,109
| – | – |
|
|
SPPI
1380
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $24.3M | 0.01% |
1,161,021
+52,826
| +5% | +$979K |
|
|
CHX
1381
DELISTED
ChampionX
CHX
| $24.3M | 0.01% |
+582,020
| New | +$23.8M |
|
1382
Mueller Industries
MLI
$13.4B
| $24.3M | 0.01% |
3,288,844
-602,456
| -15% | -$4.36M |
|
1383
Oil States International
OIS
$509M
| $24.3M | 0.01% |
755,730
-88,682
| -11% | -$2.98M |
|
1384
Enerpac Tool Group
EPAC
$1.83B
| $24.3M | 0.01% |
826,473
-88,600
| -10% | -$2.2M |
|
1385
iQIYI
IQ
$1.04B
| $24.2M | 0.01% |
750,000
-1,500,000
| -67% | -$36.5M |
|
|
SOHU
1386
Sohu.com
SOHU
$355M
| $24.2M | 0.01% |
681,869
-148,016
| -18% | -$5.33M |
|
|
LGF.A
1387
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $24.2M | 0.01% |
973,166
+408,700
| +72% | +$10.1M |
|
1388
Innospec
IOSP
$2.29B
| $24.1M | 0.01% |
315,477
+12,682
| +4% | +$951K |
|
|
HUD
1389
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $24.1M | 0.01% |
1,379,621
-352,497
| -20% | -$5.89M |
|
1390
Enpro
NPO
$6.08B
| $24.1M | 0.01% |
344,048
-52,112
| -13% | -$3.89M |
|
1391
BJ's Restaurants
BJRI
$1.27B
| $24.1M | 0.01% |
400,919
| – | – |
|
1392
Nexstar Media Group
NXST
$5.04B
| $24M | 0.01% |
327,601
+84,039
| +35% | +$5.68M |
|
|
KNL
1393
DELISTED
Knoll, Inc.
KNL
| $24M | 0.01% |
1,151,464
| – | – |
|
1394
Philips
PHG
$24.2B
| $23.9M | 0.01% |
729,801
-16,491
| -2% | -$527K |
|
1395
Qiagen
QGEN
$8.86B
| $23.9M | 0.01% |
618,070
+601,929
| +3,729% | +$22.1M |
|
1396
Groupon
GRPN
$786M
| $23.8M | 0.01% |
277,068
-57,902
| -17% | -$5.37M |
|
1397
NovoCure
NVCR
$1.89B
| $23.8M | 0.01% |
758,998
| – | – |
|
1398
Dillards
DDS
$10.1B
| $23.7M | 0.01% |
251,295
| – | – |
|
|
GES
1399
DELISTED
Guess Inc
GES
| $23.7M | 0.01% |
1,109,105
+423,252
| +62% | +$9.74M |
|
|
LPNT
1400
DELISTED
LifePoint Health, Inc.
LPNT
| $23.7M | 0.01% |
485,214
| – | – |
|
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.