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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
RH
RH
$3.13B
| $21.6M | 0.01% |
209,459
+7,579
| +4% | +$1.03M |
|
1452
Varex Imaging
VREX
$472M
| $21.5M | 0.01% |
635,221
| – | – |
|
1453
Glacier Bancorp
GBCI
$6.42B
| $21.5M | 0.01% |
535,889
| – | – |
|
1454
Signet Jewelers
SIG
$3.61B
| $21.5M | 0.01% |
790,454
| – | – |
|
1455
Interactive Brokers
IBKR
$39.2B
| $21.4M | 0.01% |
1,652,616
+273,200
| +20% | +$3.59M |
|
1456
ABM Industries
ABM
$2.81B
| $21.4M | 0.01% |
587,985
+166,273
| +39% | +$5.78M |
|
|
MDC
1457
DELISTED
M.D.C. Holdings, Inc.
MDC
| $21.4M | 0.01% |
793,897
+79,226
| +11% | +$2.1M |
|
|
MTOR
1458
DELISTED
MERITOR, Inc.
MTOR
| $21.4M | 0.01% |
1,049,213
| – | – |
|
|
SUM
1459
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $21.3M | 0.01% |
1,367,736
+645,291
| +89% | +$10.1M |
|
|
GPOR
1460
DELISTED
Gulfport Energy Corp.
GPOR
| $21.3M | 0.01% |
2,659,226
| – | – |
|
1461
Arcosa
ACA
$7.13B
| $21.3M | 0.01% |
696,915
| – | – |
|
1462
CorVel
CRVL
$3.06B
| $21.3M | 0.01% |
978,243
-105,618
| -10% | -$2.26M |
|
|
FOLD
1463
DELISTED
Amicus Therapeutics
FOLD
| $21.2M | 0.01% |
1,561,885
+85,178
| +6% | +$1.04M |
|
1464
Methode Electronics
MEI
$496M
| $21.2M | 0.01% |
737,054
| – | – |
|
1465
Archrock
AROC
$6.27B
| $21.2M | 0.01% |
2,165,946
| – | – |
|
1466
Moelis & Co
MC
$4.97B
| $21.2M | 0.01% |
508,422
+92,973
| +22% | +$3.97M |
|
1467
Greif
GEF
$4.92B
| $21.1M | 0.01% |
511,907
| – | – |
|
|
CLDR
1468
DELISTED
Cloudera, Inc.
CLDR
| $21M | 0.01% |
1,919,134
+1,496,144
| +354% | +$19.2M |
|
|
DO
1469
DELISTED
Diamond Offshore Drilling
DO
| $21M | 0.01% |
2,001,194
| – | – |
|
1470
Lattice Semiconductor
LSCC
$17.6B
| $20.9M | 0.01% |
1,753,183
+163,980
| +10% | +$1.64M |
|
1471
G-III Apparel Group
GIII
$1.54B
| $20.9M | 0.01% |
523,270
+25,322
| +5% | +$880K |
|
1472
Scholastic
SCHL
$767M
| $20.9M | 0.01% |
525,730
| – | – |
|
|
CVET
1473
DELISTED
Covetrus, Inc. Common Stock
CVET
| $20.9M | 0.01% |
+654,938
| New | +$23.2M |
|
|
KNL
1474
DELISTED
Knoll, Inc.
KNL
| $20.8M | 0.01% |
1,101,713
-49,751
| -4% | -$987K |
|
|
AVP
1475
DELISTED
Avon Products, Inc.
AVP
| $20.8M | 0.01% |
7,081,027
| – | – |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.