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
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PRFT
1501
DELISTED
Perficient Inc
PRFT
| $18.2M | 0.01% |
795,658
-177,831
| -18% | -$3.69M |
|
|
TRQ
1502
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $18.2M | 0.01% |
595,989
| – | – |
|
1503
Forrester Research
FORR
$213M
| $18.1M | 0.01% |
435,974
-19,801
| -4% | -$845K |
|
1504
BJ's Restaurants
BJRI
$1.44B
| $18M | 0.01% |
400,919
| – | – |
|
|
TRST
1505
Trustco Bank Corp NY
TRST
$957M
| $18M | 0.01% |
425,461
-32,180
| -7% | -$1.41M |
|
1506
Penumbra
PEN
$12.6B
| $17.9M | 0.01% |
155,074
-60,467
| -28% | -$6.24M |
|
|
VRE
1507
DELISTED
Veris Residential
VRE
| $17.9M | 0.01% |
1,071,759
| – | – |
|
1508
Hawaiian Electric Industries
HE
$2.26B
| $17.9M | 0.01% |
520,889
-74,290
| -12% | -$2.51M |
|
1509
Koppers
KOP
$924M
| $17.9M | 0.01% |
435,472
-267
| -0.1% | -$11.7K |
|
1510
Glacier Bancorp
GBCI
$6.35B
| $17.9M | 0.01% |
465,098
| – | – |
|
1511
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $17.8M | 0.01% |
277,925
+14,742
| +6% | +$963K |
|
|
MDP
1512
DELISTED
Meredith Corporation
MDP
| $17.8M | 0.01% |
331,613
+102,366
| +45% | +$6.08M |
|
|
SPPI
1513
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $17.8M | 0.01% |
1,108,195
+579,735
| +110% | +$11.5M |
|
|
TRTN
1514
DELISTED
Triton International Limited
TRTN
| $17.7M | 0.01% |
577,884
+246,203
| +74% | +$8.24M |
|
|
PINC
1515
DELISTED
Premier
PINC
| $17.7M | 0.01% |
564,548
-585,221
| -51% | -$18.9M |
|
|
SEM
1516
DELISTED
Select Medical
SEM
| $17.7M | 0.01% |
1,900,828
+404,099
| +27% | +$3.85M |
|
|
BGC
1517
DELISTED
General Cable Corporation
BGC
| $17.5M | 0.01% |
592,222
-89,000
| -13% | -$2.64M |
|
|
CJ
1518
DELISTED
C&J Energy Services, Inc.
CJ
| $17.5M | 0.01% |
676,098
+303,142
| +81% | +$8.66M |
|
1519
Community Trust Bancorp
CTBI
$1.41B
| $17.4M | 0.01% |
386,005
-4,963
| -1% | -$231K |
|
|
PMT
1520
PennyMac Mortgage Investment
PMT
$796M
| $17.4M | 0.01% |
966,953
-135,468
| -12% | -$2.27M |
|
1521
Theravance Biopharma
TBPH
$874M
| $17.4M | 0.01% |
717,753
-57,044
| -7% | -$1.57M |
|
1522
Howmet Aerospace
HWM
$112B
| $17.4M | 0.01% |
983,791
+636,283
| +183% | +$12.9M |
|
|
PAY
1523
DELISTED
Verifone Systems Inc
PAY
| $17.4M | 0.01% |
1,130,200
+80,100
| +8% | +$1.4M |
|
1524
Tanger
SKT
$4.69B
| $17.4M | 0.01% |
789,196
-617,876
| -44% | -$14.5M |
|
1525
Lithia Motors
LAD
$8.51B
| $17.3M | 0.01% |
171,820
+76,426
| +80% | +$8.65M |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.