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 |
Alcon
ALC
|
+$602M |
| 2 |
Alexandria Real Estate Equities
ARE
|
+$488M |
| 3 |
Dow Inc
DOW
|
+$384M |
| 4 |
UBS Group
UBS
|
+$245M |
| 5 |
Regency Centers
REG
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameriprise Financial
AMP
|
+$280M |
| 2 |
Johnson Controls International
JCI
|
+$235M |
| 3 |
Linde
LIN
|
+$197M |
| 4 |
Baxter International
BAX
|
+$193M |
| 5 |
DuPont de Nemours
DD
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.05% |
| 2 | Financials | 16.91% |
| 3 | Healthcare | 13.48% |
| 4 | Consumer Discretionary | 11.5% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
Renasant Corp
RNST
$3.98B
| $21.6M | 0.01% |
600,732
+57,133
| +11% | +$2.01M |
|
|
WDR
1452
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $21.6M | 0.01% |
1,293,804
| – | – |
|
|
SJI
1453
DELISTED
South Jersey Industries, Inc.
SJI
| $21.5M | 0.01% |
638,372
+147,779
| +30% | +$4.78M |
|
|
VNE
1454
DELISTED
Veoneer, Inc.
VNE
| $21.5M | 0.01% |
1,242,844
+363,382
| +41% | +$7.62M |
|
1455
BlackLine
BL
$1.84B
| $21.5M | 0.01% |
401,916
+39,840
| +11% | +$1.98M |
|
1456
Spectrum Brands
SPB
$2.04B
| $21.5M | 0.01% |
399,975
| – | – |
|
1457
Oxford Industries
OXM
$566M
| $21.5M | 0.01% |
283,402
-40,876
| -13% | -$3.13M |
|
1458
Northwest Bancshares
NWBI
$2.3B
| $21.4M | 0.01% |
1,217,331
-95,186
| -7% | -$1.63M |
|
|
CORE
1459
DELISTED
Core Mark Holding Co., Inc.
CORE
| $21.4M | 0.01% |
539,394
+25,938
| +5% | +$975K |
|
1460
IMAX
IMAX
$2.62B
| $21.4M | 0.01% |
1,058,457
+39,572
| +4% | +$893K |
|
|
SNBR
1461
DELISTED
Sleep Number
SNBR
| $21.4M | 0.01% |
528,633
| – | – |
|
|
EFII
1462
DELISTED
Electronics for Imaging
EFII
| $21.3M | 0.01% |
576,823
| – | – |
|
1463
Brookdale Senior Living
BKD
$3.49B
| $21.3M | 0.01% |
2,949,655
| – | – |
|
1464
Artisan Partners
APAM
$2.79B
| $21.3M | 0.01% |
772,329
+106,794
| +16% | +$2.84M |
|
1465
CNA Financial
CNA
$14.2B
| $21.2M | 0.01% |
450,541
| – | – |
|
1466
Healthcare Services Group
HCSG
$1.6B
| $21.2M | 0.01% |
698,362
| – | – |
|
1467
8x8 Inc
EGHT
$269M
| $21.2M | 0.01% |
877,879
| – | – |
|
1468
Dine Brands
DIN
$456M
| $21.1M | 0.01% |
221,138
| – | – |
|
|
ESV
1469
DELISTED
Ensco Rowan plc
ESV
| $21.1M | 0.01% |
2,471,619
+1,497,226
| +154% | +$17.3M |
|
1470
Methode Electronics
MEI
$496M
| $21.1M | 0.01% |
737,054
| – | – |
|
1471
Liberty Latin America Class C
LILAK
$1.63B
| $21.1M | 0.01% |
1,430,988
| – | – |
|
1472
Asbury Automotive
ABG
$4.31B
| $21M | 0.01% |
249,130
-24,679
| -9% | -$1.93M |
|
|
DCH
1473
Dauch Corp
DCH
$1.34B
| $21M | 0.01% |
1,644,105
-166,788
| -9% | -$2.17M |
|
|
MDCO
1474
DELISTED
Medicines Co
MDCO
| $21M | 0.01% |
574,680
+145,398
| +34% | +$4.75M |
|
|
PDCO
1475
DELISTED
Patterson Companies, Inc.
PDCO
| $20.9M | 0.01% |
912,453
| – | – |
|
Similar funds
Norges Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Norges Bank held 2,175 positions worth $324B, up 4.5% from $310B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q2 2019 filing shows 49 new, 658 increased, 482 reduced and 69 closed positions. Its largest new stake was Alcon: 10,263,150 shares worth $635M. The largest sale was Ameriprise Financial, an estimated $280M.
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 Q2 2019 buy was Alcon: 10,263,150 shares worth $635M.
- Norges Bank added most to Alexandria Real Estate Equities in Q2 2019, an estimated $488M increase.
- Norges Bank's biggest Q2 2019 reduction was Ameriprise Financial, cutting an estimated $280M.
- Norges Bank fully exited Johnson Controls International in Q2 2019, selling an estimated $235M.
- Norges Bank's ten largest holdings make up 17% of its $324B portfolio in Q2 2019.
- Norges Bank opened 49 new positions and closed 69 in Q2 2019.
- Norges Bank's portfolio value rose 4.5% quarter-over-quarter to $324B.
Based on Norges Bank's 13F filing for Q2 2019, filed 9 Aug 2019.