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 | |
|---|---|---|---|---|---|---|
1401
Commercial Metals
CMC
$7.57B
| $22.8M | 0.01% |
1,313,945
+30,193
| +2% | +$516K |
|
|
CNH
1402
CNH Industrial
CNH
$12.8B
| $22.8M | 0.01% |
2,573,277
-408,901
| -14% | -$3.6M |
|
|
CWEN.A
1403
DELISTED
Clearway Energy Class A
CWEN.A
| $22.8M | 0.01% |
1,313,099
-100,000
| -7% | -$1.69M |
|
1404
Orthofix Medical
OFIX
$477M
| $22.6M | 0.01% |
+427,112
| New | +$22M |
|
1405
Agree Realty
ADC
$9.42B
| $22.6M | 0.01% |
309,390
| – | – |
|
1406
Boyd Gaming
BYD
$6.47B
| $22.6M | 0.01% |
942,927
| – | – |
|
1407
TTEC Holdings
TTEC
$125M
| $22.6M | 0.01% |
471,660
| – | – |
|
1408
WD-40
WDFC
$3.06B
| $22.5M | 0.01% |
122,677
| – | – |
|
1409
Cavco Industries
CVCO
$4.33B
| $22.5M | 0.01% |
117,181
+26,590
| +29% | +$4.71M |
|
1410
Quaker Houghton
KWR
$2.69B
| $22.5M | 0.01% |
142,072
| – | – |
|
1411
Brookdale Senior Living
BKD
$3.49B
| $22.4M | 0.01% |
2,949,655
| – | – |
|
1412
Cleveland-Cliffs
CLF
$6.64B
| $22.3M | 0.01% |
3,091,528
+53,600
| +2% | +$483K |
|
1413
Cloudflare
NET
$101B
| $22.3M | 0.01% |
+1,200,000
| New | +$23.2M |
|
1414
Northwest Natural Holdings
NWN
$2.11B
| $22.3M | 0.01% |
312,348
-28,022
| -8% | -$1.99M |
|
|
IMMU
1415
DELISTED
Immunomedics Inc
IMMU
| $22.3M | 0.01% |
1,678,360
+237,856
| +17% | +$3.5M |
|
1416
Global Net Lease
GNL
$1.86B
| $22.2M | 0.01% |
1,140,477
| – | – |
|
|
WDR
1417
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $22.2M | 0.01% |
1,293,804
| – | – |
|
1418
HEICO Corp
HEI
$49.5B
| $22.2M | 0.01% |
177,908
-118,030
| -40% | -$16.1M |
|
1419
Prestige Consumer Healthcare
PBH
$2.37B
| $22.2M | 0.01% |
639,732
| – | – |
|
1420
CNA Financial
CNA
$14.4B
| $22.2M | 0.01% |
450,541
| – | – |
|
1421
Ironwood Pharmaceuticals
IRWD
$614M
| $22.1M | 0.01% |
2,577,122
+145,882
| +6% | +$1.42M |
|
1422
Ollie's Bargain Outlet
OLLI
$4.4B
| $22.1M | 0.01% |
376,905
-12,742
| -3% | -$956K |
|
1423
Fox Factory Holding Corp
FOXF
$747M
| $22M | 0.01% |
354,136
| – | – |
|
1424
Enviri
NVRI
$624M
| $22M | 0.01% |
1,161,990
-90,865
| -7% | -$1.93M |
|
1425
Brinker International
EAT
$9B
| $22M | 0.01% |
515,668
| – | – |
|
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.