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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ICPT
1476
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $20M | 0.01% |
301,988
| – | – |
|
1477
Coca-Cola Consolidated
COKE
$12.6B
| $20M | 0.01% |
657,920
-34,560
| -5% | -$1.08M |
|
|
CHK
1478
DELISTED
Chesapeake Energy Corporation
CHK
| $20M | 0.01% |
70,834
| – | – |
|
1479
Northwest Bancshares
NWBI
$2.3B
| $20M | 0.01% |
1,217,331
| – | – |
|
|
TWNK
1480
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $19.9M | 0.01% |
1,420,166
+517,868
| +57% | +$7.34M |
|
|
SNBR
1481
DELISTED
Sleep Number
SNBR
| $19.9M | 0.01% |
480,623
-48,010
| -9% | -$2.06M |
|
|
HA
1482
DELISTED
Hawaiian Holdings, Inc.
HA
| $19.8M | 0.01% |
755,179
| – | – |
|
1483
California Water Service
CWT
$3.02B
| $19.8M | 0.01% |
373,587
+5,300
| +1% | +$284K |
|
1484
Kulicke & Soffa
KLIC
$4.62B
| $19.6M | 0.01% |
835,198
-213,729
| -20% | -$4.7M |
|
|
IBTX
1485
DELISTED
Independent Bank Group, Inc.
IBTX
| $19.6M | 0.01% |
371,875
| – | – |
|
|
EPAY
1486
DELISTED
Bottomline Technologies Inc
EPAY
| $19.5M | 0.01% |
496,511
| – | – |
|
1487
Omnicell
OMCL
$1.69B
| $19.5M | 0.01% |
270,160
-14,291
| -5% | -$1.05M |
|
|
ZGNX
1488
DELISTED
Zogenix, Inc.
ZGNX
| $19.5M | 0.01% |
487,597
+70,624
| +17% | +$3.26M |
|
1489
Adient
ADNT
$1.72B
| $19.5M | 0.01% |
849,265
| – | – |
|
|
AMWD
1490
DELISTED
American Woodmark
AMWD
| $19.5M | 0.01% |
219,287
+16,443
| +8% | +$1.36M |
|
1491
Group 1 Automotive
GPI
$3.53B
| $19.5M | 0.01% |
211,189
-12,333
| -6% | -$1.01M |
|
|
OPI
1492
DELISTED
Office Properties Income Trust
OPI
| $19.5M | 0.01% |
634,974
+37,119
| +6% | +$1.04M |
|
1493
Acco Brands
ACCO
$390M
| $19.5M | 0.01% |
1,970,722
+33,126
| +2% | +$299K |
|
1494
Kite Realty
KRG
$5.88B
| $19.4M | 0.01% |
1,201,859
| – | – |
|
1495
Cushman & Wakefield Ltd
CWK
$3.23B
| $19.4M | 0.01% |
1,046,374
-353,584
| -25% | -$6.41M |
|
|
LMNX
1496
DELISTED
Luminex Corp
LMNX
| $19.4M | 0.01% |
937,024
| – | – |
|
1497
Oceaneering
OII
$4.74B
| $19.3M | 0.01% |
1,427,874
| – | – |
|
1498
Inogen
INGN
$174M
| $19.3M | 0.01% |
403,630
+62,625
| +18% | +$3.27M |
|
1499
Upbound Group
UPBD
$1.17B
| $19.3M | 0.01% |
749,747
+15,100
| +2% | +$396K |
|
1500
BlackLine
BL
$1.8B
| $19.2M | 0.01% |
401,916
| – | – |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
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 Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.