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 | |
|---|---|---|---|---|---|---|
1426
Healthcare Services Group
HCSG
$1.5B
| $22.8M | 0.01% |
526,946
-9,710
| -2% | -$386K |
|
1427
Exponent
EXPO
$3.23B
| $22.8M | 0.01% |
471,082
+400
| +0.1% | +$18.3K |
|
|
AVX
1428
DELISTED
AVX Corporation
AVX
| $22.7M | 0.01% |
1,450,914
| – | – |
|
|
FMBI
1429
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $22.7M | 0.01% |
890,047
+48,400
| +6% | +$1.24M |
|
1430
H.B. Fuller
FUL
$2.73B
| $22.7M | 0.01% |
422,052
-56,043
| -12% | -$2.91M |
|
|
MTOR
1431
DELISTED
MERITOR, Inc.
MTOR
| $22.6M | 0.01% |
1,098,113
| – | – |
|
1432
Invesco Mortgage Capital
IVR
$695M
| $22.5M | 0.01% |
141,803
| – | – |
|
1433
Walker & Dunlop
WD
$1.35B
| $22.5M | 0.01% |
404,683
+17,079
| +4% | +$985K |
|
|
MRC
1434
DELISTED
MRC Global
MRC
| $22.5M | 0.01% |
1,038,788
-479,638
| -32% | -$9.46M |
|
1435
Sea Limited
SE
$63.4B
| $22.5M | 0.01% |
1,500,000
| – | – |
|
1436
HUB Group
HUBG
$2.03B
| $22.5M | 0.01% |
903,004
| – | – |
|
|
AAT
1437
American Assets Trust
AAT
$1.34B
| $22.5M | 0.01% |
586,433
| – | – |
|
1438
SiteOne Landscape Supply
SITE
$3.86B
| $22.5M | 0.01% |
267,425
| – | – |
|
1439
Shutterstock
SSTK
$183M
| $22.5M | 0.01% |
473,026
+383,807
| +430% | +$18.2M |
|
1440
Central Garden & Pet Co Class A
CENTA
$2.19B
| $22.4M | 0.01% |
690,825
-102,120
| -13% | -$3.13M |
|
|
PRFT
1441
DELISTED
Perficient Inc
PRFT
| $22.3M | 0.01% |
847,481
+51,823
| +7% | +$1.3M |
|
|
NXTM
1442
DELISTED
NxStage Medical Inc.
NXTM
| $22.3M | 0.01% |
800,173
-43,204
| -5% | -$1.16M |
|
1443
Pilgrim's Pride
PPC
$7.06B
| $22.3M | 0.01% |
1,108,336
-305,656
| -22% | -$6.57M |
|
1444
Orthofix Medical
OFIX
$363M
| $22.3M | 0.01% |
392,295
| – | – |
|
1445
Renasant Corp
RNST
$3.7B
| $22.2M | 0.01% |
487,956
+45,798
| +10% | +$2.13M |
|
1446
Wayfair
W
$14.1B
| $22.1M | 0.01% |
186,505
+186,491
| +1,332,079% | +$16.2M |
|
|
PNK
1447
DELISTED
Pinnacle Entertainment Inc.
PNK
| $22.1M | 0.01% |
655,075
| – | – |
|
|
AZUL
1448
DELISTED
Azul
AZUL
| $22.1M | 0.01% |
+1,350,000
| New | +$33.9M |
|
1449
Flowserve
FLS
$9.19B
| $22M | 0.01% |
544,649
-73,275
| -12% | -$3.19M |
|
1450
Quaker Houghton
KWR
$2.65B
| $22M | 0.01% |
142,072
| – | – |
|
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.