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 | |
|---|---|---|---|---|---|---|
1451
AMN Healthcare
AMN
$1.36B
| $22M | 0.01% |
374,768
+218,060
| +139% | +$13M |
|
1452
Rush Enterprises Class A
RUSHA
$5.75B
| $22M | 0.01% |
1,708,098
-521,569
| -23% | -$6.6M |
|
1453
BrightView Holdings
BV
$1.03B
| $21.9M | 0.01% |
+1,000,000
| New | +$21.7M |
|
1454
Insight Enterprises
NSIT
$4.81B
| $21.9M | 0.01% |
447,028
-134,260
| -23% | -$5.77M |
|
1455
CorVel
CRVL
$3.58B
| $21.8M | 0.01% |
1,213,248
-41,100
| -3% | -$708K |
|
1456
Prestige Consumer Healthcare
PBH
$2.22B
| $21.8M | 0.01% |
568,426
+156,909
| +38% | +$5.29M |
|
1457
OSI Systems
OSIS
$3.27B
| $21.8M | 0.01% |
282,085
-12,822
| -4% | -$895K |
|
1458
Rambus
RMBS
$8.98B
| $21.8M | 0.01% |
1,736,422
| – | – |
|
|
VRE
1459
DELISTED
Veris Residential
VRE
| $21.7M | 0.01% |
1,071,759
| – | – |
|
|
QTS
1460
DELISTED
QTS REALTY TRUST, INC.
QTS
| $21.7M | 0.01% |
549,688
| – | – |
|
|
ROIC
1461
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $21.7M | 0.01% |
1,132,353
| – | – |
|
1462
The Ensign Group
ENSG
$10.3B
| $21.7M | 0.01% |
647,458
+154,359
| +31% | +$4.76M |
|
1463
Copa Holdings
CPA
$5.29B
| $21.7M | 0.01% |
229,254
-11,235
| -5% | -$1.26M |
|
1464
Spectrum Brands
SPB
$2B
| $21.7M | 0.01% |
265,595
| – | – |
|
1465
WIX.com
WIX
$3.41B
| $21.7M | 0.01% |
215,992
+48,551
| +29% | +$4.33M |
|
|
MAXR
1466
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $21.6M | 0.01% |
428,277
| – | – |
|
|
SIR
1467
DELISTED
SELECT INCOME REIT
SIR
| $21.5M | 0.01% |
2,177,207
| – | – |
|
1468
Box
BOX
$4.8B
| $21.5M | 0.01% |
860,120
+312,719
| +57% | +$7.75M |
|
1469
Columbia Banking Systems
COLB
$8.53B
| $21.5M | 0.01% |
525,511
| – | – |
|
|
GRP.U
1470
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $21.5M | 0.01% |
526,513
+38,368
| +8% | +$1.55M |
|
|
AFSI
1471
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $21.4M | 0.01% |
1,472,163
-166,873
| -10% | -$2.24M |
|
|
SASR
1472
DELISTED
Sandy Spring Bancorp Inc
SASR
| $21.4M | 0.01% |
521,363
-53,742
| -9% | -$2.2M |
|
1473
Ironwood Pharmaceuticals
IRWD
$692M
| $21.4M | 0.01% |
1,334,693
+137,044
| +11% | +$2.03M |
|
1474
Varex Imaging
VREX
$779M
| $21.3M | 0.01% |
573,642
+165,394
| +41% | +$6.11M |
|
1475
Helios Technologies
HLIO
$2.25B
| $21.2M | 0.01% |
440,902
+67,845
| +18% | +$3.43M |
|
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.