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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Banner Corp
BANR
$2.37B
| $24M | 0.01% |
427,488
| – | – |
|
|
NCI
1377
DELISTED
Navigant Consulting, Inc.
NCI
| $24M | 0.01% |
857,581
-85,654
| -9% | -$2.26M |
|
1378
Bilibili
BILI
$7.83B
| $24M | 0.01% |
1,697,370
+161,884
| +11% | +$2.43M |
|
1379
Arcosa
ACA
$7.13B
| $23.8M | 0.01% |
696,915
| – | – |
|
1380
American States Water
AWR
$3.37B
| $23.8M | 0.01% |
265,050
| – | – |
|
1381
Cannae Holdings
CNNE
$646M
| $23.8M | 0.01% |
866,476
-35,335
| -4% | -$1.01M |
|
1382
Adeia
ADEA
$2.8B
| $23.8M | 0.01% |
4,349,892
| – | – |
|
1383
SLM Corp
SLM
$4.86B
| $23.8M | 0.01% |
2,696,146
| – | – |
|
|
GCI
1384
DELISTED
Gannett Co., Inc
GCI
| $23.8M | 0.01% |
2,214,823
-168,861
| -7% | -$1.68M |
|
|
STL
1385
DELISTED
Sterling Bancorp
STL
| $23.8M | 0.01% |
1,184,443
| – | – |
|
1386
ABM Industries
ABM
$2.79B
| $23.8M | 0.01% |
653,980
+34,283
| +6% | +$1.33M |
|
|
ROIC
1387
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $23.7M | 0.01% |
1,300,488
| – | – |
|
1388
InterDigital
IDCC
$7.84B
| $23.6M | 0.01% |
450,141
-59,857
| -12% | -$3.38M |
|
1389
CVB Financial
CVBF
$4B
| $23.6M | 0.01% |
1,129,662
+46,816
| +4% | +$979K |
|
|
AIMC
1390
DELISTED
Altra Industrial Motion Corp
AIMC
| $23.5M | 0.01% |
849,299
+36,351
| +4% | +$1.04M |
|
1391
Ligand Pharmaceuticals
LGND
$5.94B
| $23.5M | 0.01% |
377,886
| – | – |
|
1392
Provident Financial Services
PFS
$3.24B
| $23.4M | 0.01% |
954,404
-40,551
| -4% | -$985K |
|
1393
Pediatrix Medical
MD
$2.17B
| $23.4M | 0.01% |
1,034,483
| – | – |
|
1394
Spectrum Brands
SPB
$2.04B
| $23.4M | 0.01% |
443,752
+43,777
| +11% | +$2.28M |
|
1395
Minerals Technologies
MTX
$2.25B
| $23.4M | 0.01% |
440,150
| – | – |
|
1396
IMAX
IMAX
$2.61B
| $23.2M | 0.01% |
1,058,457
| – | – |
|
1397
AutoNation
AN
$7.18B
| $23.1M | 0.01% |
455,948
| – | – |
|
1398
Tennant Co
TNC
$1.41B
| $23.1M | 0.01% |
326,503
+78,223
| +32% | +$5.29M |
|
1399
Strategy Inc
MSTR
$35.7B
| $23M | 0.01% |
1,550,580
| – | – |
|
|
ISCA
1400
DELISTED
International Speedway Corp
ISCA
| $22.9M | 0.01% |
508,413
| – | – |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.