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 | |
|---|---|---|---|---|---|---|
1526
First Commonwealth Financial
FCF
$2.18B
| $17.2M | 0.01% |
1,216,840
| – | – |
|
|
SONC
1527
DELISTED
Sonic Corp
SONC
| $17.2M | 0.01% |
681,219
+238,291
| +54% | +$6.06M |
|
|
SRCI
1528
DELISTED
SRC Energy Inc
SRCI
| $17.2M | 0.01% |
1,820,171
+1,105,732
| +155% | +$10.1M |
|
1529
First Merchants
FRME
$2.68B
| $17.2M | 0.01% |
411,494
+1,100
| +0.3% | +$47.1K |
|
|
WDR
1530
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $17.1M | 0.01% |
848,089
-431,487
| -34% | -$9.12M |
|
|
GOV
1531
DELISTED
Government Properties Income Trust
GOV
| $17.1M | 0.01% |
1,254,399
| – | – |
|
1532
Dorman Products
DORM
$3.98B
| $17.1M | 0.01% |
258,663
-46,400
| -15% | -$3.31M |
|
1533
PRA Group
PRAA
$663M
| $17.1M | 0.01% |
450,643
+247,272
| +122% | +$9.02M |
|
|
CATM
1534
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $17M | 0.01% |
763,485
-3,041
| -0.4% | -$72.5K |
|
|
CNR
1535
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $17M | 0.01% |
961,538
| – | – |
|
|
GPOR
1536
DELISTED
Gulfport Energy Corp.
GPOR
| $16.9M | 0.01% |
1,755,509
+106,772
| +6% | +$1.14M |
|
|
PDCE
1537
DELISTED
PDC Energy, Inc.
PDCE
| $16.9M | 0.01% |
345,301
-36,888
| -10% | -$1.94M |
|
1538
Sea Limited
SE
$65.4B
| $16.9M | 0.01% |
1,500,000
| – | – |
|
|
NEWR
1539
DELISTED
New Relic, Inc.
NEWR
| $16.9M | 0.01% |
227,949
+14,300
| +7% | +$958K |
|
|
WIRE
1540
DELISTED
Encore Wire Corp
WIRE
| $16.9M | 0.01% |
297,702
| – | – |
|
1541
1st Source
SRCE
$2.16B
| $16.8M | 0.01% |
332,391
| – | – |
|
1542
Virtus Investment Partners
VRTS
$1.06B
| $16.7M | 0.01% |
135,061
+17,588
| +15% | +$2.23M |
|
1543
Northwest Natural Holdings
NWN
$2.06B
| $16.7M | 0.01% |
289,327
-17,115
| -6% | -$961K |
|
1544
Adtran
ADTN
$689M
| $16.7M | 0.01% |
1,072,065
-227,426
| -18% | -$3.79M |
|
1545
Camping World
CWH
$639M
| $16.7M | 0.01% |
516,447
-41,556
| -7% | -$1.69M |
|
1546
Modine Manufacturing
MOD
$10.7B
| $16.6M | 0.01% |
786,498
-3,100
| -0.4% | -$70.5K |
|
|
NE
1547
DELISTED
Noble Corporation
NE
| $16.6M | 0.01% |
4,467,453
-1,039,219
| -19% | -$4.63M |
|
1548
NovoCure
NVCR
$1.73B
| $16.5M | 0.01% |
758,998
+199,656
| +36% | +$4.29M |
|
1549
Bilibili
BILI
$7.99B
| $16.5M | 0.01% |
+1,500,000
| New | +$16.7M |
|
|
SPTN
1550
DELISTED
SpartanNash
SPTN
| $16.4M | 0.01% |
955,183
-9,505
| -1% | -$204K |
|
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.