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 | |
|---|---|---|---|---|---|---|
1476
CVB Financial
CVBF
$3.94B
| $20.8M | 0.01% |
988,972
+49,776
| +5% | +$1.09M |
|
|
GES
1477
DELISTED
Guess Inc
GES
| $20.8M | 0.01% |
1,061,846
| – | – |
|
1478
WD-40
WDFC
$3.05B
| $20.8M | 0.01% |
122,677
+62,555
| +104% | +$11M |
|
|
FTCH
1479
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $20.8M | 0.01% |
772,166
-477,834
| -38% | -$10.7M |
|
|
TBI
1480
Trueblue
TBI
$215M
| $20.8M | 0.01% |
878,341
| – | – |
|
|
VRTU
1481
DELISTED
Virtusa Corporation
VRTU
| $20.8M | 0.01% |
388,321
+23,148
| +6% | +$1.15M |
|
|
SPPI
1482
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $20.8M | 0.01% |
1,941,146
| – | – |
|
1483
LendingTree
TREE
$447M
| $20.7M | 0.01% |
58,850
+842
| +1% | +$254K |
|
1484
Groupon
GRPN
$1.05B
| $20.6M | 0.01% |
290,545
+13,477
| +5% | +$950K |
|
1485
Cars.com
CARS
$662M
| $20.6M | 0.01% |
904,731
-31,442
| -3% | -$761K |
|
|
AZUL
1486
DELISTED
Azul
AZUL
| $20.6M | 0.01% |
704,822
-624,202
| -47% | -$18.6M |
|
|
ECHO
1487
EchoStar
ECHO
$24.4B
| $20.6M | 0.01% |
696,500
| – | – |
|
|
TPH
1488
DELISTED
Tri Pointe Homes
TPH
| $20.6M | 0.01% |
1,627,565
| – | – |
|
1489
Global Net Lease
GNL
$1.84B
| $20.6M | 0.01% |
1,087,707
| – | – |
|
1490
Columbia Banking Systems
COLB
$8.84B
| $20.5M | 0.01% |
627,005
| – | – |
|
1491
McGrath RentCorp
MGRC
$2.81B
| $20.5M | 0.01% |
362,000
-49,952
| -12% | -$2.67M |
|
1492
Fabrinet
FN
$15.6B
| $20.5M | 0.01% |
391,032
+46,845
| +14% | +$2.55M |
|
|
PTLA
1493
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $20.4M | 0.01% |
587,353
| – | – |
|
1494
Yext
YEXT
$547M
| $20.3M | 0.01% |
929,789
+408,380
| +78% | +$7.41M |
|
1495
SITE Centers
SITC
$225M
| $20.3M | 0.01% |
1,912,051
+195,106
| +11% | +$1.97M |
|
1496
Shutterstock
SSTK
$198M
| $20.3M | 0.01% |
434,718
| – | – |
|
1497
Medpace
MEDP
$16.1B
| $20.3M | 0.01% |
343,464
+192,239
| +127% | +$11.5M |
|
1498
Avis
CAR
$4.86B
| $20.3M | 0.01% |
580,889
| – | – |
|
1499
Iridium Communications
IRDM
$5.02B
| $20.2M | 0.01% |
765,379
+101,487
| +15% | +$2.18M |
|
1500
Globant
GLOB
$1.58B
| $20.2M | 0.01% |
283,383
+3,540
| +1% | +$238K |
|
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.