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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.03%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$308B
AUM Growth
+$16.6B
Cap. Flow
+$44.1M
Cap. Flow %
0.01%
Top 10 Hldgs %
17.3%
Holding
2,209
New
74
Increased
715
Reduced
609
Closed
67

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$203M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$196M
3
T icon
AT&T
T
+$174M
4
NIO icon
NIO
NIO
+$163M
5
TMUS icon
T-Mobile US
TMUS
+$130M

Top Sells

Rank Stock Value
1
GGP
GGP Inc.
GGP
+$606M
2
WFC icon
Wells Fargo
WFC
+$206M
3
ORCL icon
Oracle
ORCL
+$200M
4
UBS icon
UBS Group
UBS
+$185M
5
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$154M

Sector Composition

Rank Sector Weight
1 Technology 17.96%
2 Financials 17.19%
3 Healthcare 13.99%
4 Consumer Discretionary 11.37%
5 Communication Services 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MC icon
1501
Moelis & Co
MC
$4.97B
$20.7M 0.01%
378,530
+26,300
+7% +$1.54M
EYE icon
1502
National Vision
EYE
$1.77B
$20.7M 0.01%
458,497
+156,186
+52% +$6.59M
HAIN icon
1503
Hain Celestial
HAIN
$45M
$20.7M 0.01%
761,794
+82,458
+12% +$2.35M
GNL icon
1504
Global Net Lease
GNL
$1.84B
$20.6M 0.01%
987,707
+175,000
+22% +$3.7M
DY icon
1505
Dycom Industries
DY
$12B
$20.6M 0.01%
243,316
+1,512
+0.6% +$131K
GPOR
1506
DELISTED
Gulfport Energy Corp.
GPOR
$20.6M 0.01%
1,977,038
+505,468
+34% +$5.8M
CNA icon
1507
CNA Financial
CNA
$14.2B
$20.6M 0.01%
450,541
-181,671
-29% -$8.39M
BOX icon
1508
Box
BOX
$4.37B
$20.6M 0.01%
860,120
– –
NP
1509
DELISTED
Neenah, Inc. Common Stock
NP
$20.6M 0.01%
238,126
– –
COUP
1510
DELISTED
Coupa Software Incorporated
COUP
$20.5M 0.01%
259,733
– –
HOLI
1511
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$20.4M 0.01%
956,787
– –
SNBR
1512
DELISTED
Sleep Number
SNBR
$20.4M 0.01%
555,821
-26,673
-5% -$865K
FRME icon
1513
First Merchants
FRME
$2.68B
$20.4M 0.01%
454,118
+21,621
+5% +$1.03M
NWN icon
1514
Northwest Natural Holdings
NWN
$2.06B
$20.4M 0.01%
305,037
+15,710
+5% +$1.03M
MLI icon
1515
Mueller Industries
MLI
$14.7B
$20.3M 0.01%
2,807,596
-481,248
-15% -$3.71M
MTOR
1516
DELISTED
MERITOR, Inc.
MTOR
$20.3M 0.01%
1,049,213
-48,900
-4% -$1.03M
IQ icon
1517
iQIYI
IQ
$1.23B
$20.3M 0.01%
750,000
– –
CBU icon
1518
Community Bank
CBU
$3.41B
$20.3M 0.01%
332,102
+15,227
+5% +$970K
IMMU
1519
DELISTED
Immunomedics Inc
IMMU
$20.2M 0.01%
971,716
+92,081
+10% +$2.18M
CRZO
1520
DELISTED
Carrizo Oil & Gas Inc
CRZO
$20.2M 0.01%
802,815
+459,799
+134% +$11.9M
CALM icon
1521
Cal-Maine
CALM
$4.12B
$20.2M 0.01%
418,100
+157,865
+61% +$7.55M
SITE icon
1522
SiteOne Landscape Supply
SITE
$4.12B
$20.1M 0.01%
267,425
– –
RWT
1523
Redwood Trust
RWT
$574M
$20.1M 0.01%
1,239,508
+38,801
+3% +$642K
RNST icon
1524
Renasant Corp
RNST
$3.98B
$20.1M 0.01%
487,956
– –
CVI icon
1525
CVR Energy
CVI
$3.58B
$20.1M 0.01%
499,435
– –
59 60
61
62 63

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Norges Bank's Q3 2018 Portfolio in Review

As of Q3 2018, Norges Bank held 2,209 positions worth $308B, up 5.7% from $291B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Norges Bank's Q3 2018 filing shows 74 new, 715 increased, 609 reduced and 67 closed positions. Its largest new stake was NIO: 19,750,000 shares worth $138M. The largest sale was GGP Inc., an estimated $606M.

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 Q3 2018 buy was NIO: 19,750,000 shares worth $138M.
  • Norges Bank added most to Meta Platforms (Facebook) in Q3 2018, an estimated $203M increase.
  • Norges Bank's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $206M.
  • Norges Bank fully exited GGP Inc. in Q3 2018, selling an estimated $606M.
  • Norges Bank's ten largest holdings make up 17% of its $308B portfolio in Q3 2018.
  • Norges Bank opened 74 new positions and closed 67 in Q3 2018.
  • Norges Bank's portfolio value rose 5.7% quarter-over-quarter to $308B.

Based on Norges Bank's 13F filing for Q3 2018, filed 9 Nov 2018.