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 | |
|---|---|---|---|---|---|---|
|
HTO
1476
H2O America
HTO
$2.65B
| $21.2M | 0.01% |
320,165
+149,763
| +88% | +$9.1M |
|
1477
Scansource
SCSC
$1.15B
| $21.2M | 0.01% |
525,830
-69,904
| -12% | -$2.64M |
|
|
INN
1478
Summit Hotel Properties
INN
$620M
| $21.2M | 0.01% |
1,480,730
| – | – |
|
|
HOLI
1479
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $21.2M | 0.01% |
956,787
+210,623
| +28% | +$4.94M |
|
1480
Axos Financial
AX
$5.24B
| $21.2M | 0.01% |
517,349
+17,410
| +3% | +$724K |
|
|
CLVS
1481
DELISTED
Clovis Oncology, Inc.
CLVS
| $21.1M | 0.01% |
464,975
| – | – |
|
1482
Bank of N.T. Butterfield & Son
NTB
$2.34B
| $21.1M | 0.01% |
461,240
+219,023
| +90% | +$10.4M |
|
1483
Eagle Bancorp
EGBN
$852M
| $21.1M | 0.01% |
343,953
| – | – |
|
|
FARO
1484
DELISTED
Faro Technologies
FARO
| $21M | 0.01% |
386,975
-24,740
| -6% | -$1.38M |
|
1485
Commercial Metals
CMC
$7.34B
| $21M | 0.01% |
995,947
+87,495
| +10% | +$1.95M |
|
|
LTC
1486
LTC Properties
LTC
$2.34B
| $21M | 0.01% |
491,489
| – | – |
|
|
VRTU
1487
DELISTED
Virtusa Corporation
VRTU
| $21M | 0.01% |
431,295
-1,560
| -0.4% | -$75.8K |
|
|
WAGE
1488
DELISTED
WageWorks, Inc.
WAGE
| $21M | 0.01% |
419,864
| – | – |
|
|
AYR
1489
DELISTED
Aircastle Ltd
AYR
| $21M | 0.01% |
1,022,936
+567,419
| +125% | +$11.8M |
|
1490
Werner Enterprises
WERN
$2.16B
| $20.9M | 0.01% |
556,850
| – | – |
|
1491
Twilio
TWLO
$37.2B
| $20.9M | 0.01% |
373,022
+340,639
| +1,052% | +$16.9M |
|
|
BNCL
1492
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $20.8M | 0.01% |
1,285,762
-95,000
| -7% | -$1.54M |
|
|
TPH
1493
DELISTED
Tri Pointe Homes
TPH
| $20.8M | 0.01% |
1,272,946
+428,034
| +51% | +$7.28M |
|
|
MDP
1494
DELISTED
Meredith Corporation
MDP
| $20.8M | 0.01% |
408,277
+76,664
| +23% | +$3.93M |
|
|
VTLE
1495
DELISTED
Vital Energy
VTLE
| $20.8M | 0.01% |
108,215
+65,847
| +155% | +$12.3M |
|
|
IMMU
1496
DELISTED
Immunomedics Inc
IMMU
| $20.8M | 0.01% |
879,635
+5,436
| +0.6% | +$109K |
|
1497
Asbury Automotive
ABG
$3.62B
| $20.8M | 0.01% |
303,661
| – | – |
|
|
KRA
1498
DELISTED
Kraton Corporation
KRA
| $20.8M | 0.01% |
450,925
+223,386
| +98% | +$10.8M |
|
|
PTLA
1499
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $20.8M | 0.01% |
550,521
-210,586
| -28% | -$8.05M |
|
1500
RLI Corp
RLI
$5.6B
| $20.8M | 0.01% |
627,606
| – | – |
|
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.