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 |
Meta Platforms (Facebook)
META
|
+$203M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$196M |
| 3 |
AT&T
T
|
+$174M |
| 4 |
NIO
NIO
|
+$163M |
| 5 |
T-Mobile US
TMUS
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GGP
GGP Inc.
GGP
|
+$606M |
| 2 |
Wells Fargo
WFC
|
+$206M |
| 3 |
Oracle
ORCL
|
+$200M |
| 4 |
UBS Group
UBS
|
+$185M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1526
Pilgrim's Pride
PPC
$6.51B
| $20.1M | 0.01% |
1,108,336
| – | – |
|
1527
Glacier Bancorp
GBCI
$6.42B
| $20M | 0.01% |
465,098
| – | – |
|
|
INN
1528
Summit Hotel Properties
INN
$746M
| $20M | 0.01% |
1,480,730
| – | – |
|
1529
Kite Realty
KRG
$5.81B
| $20M | 0.01% |
1,201,859
| – | – |
|
1530
Texas Capital Bancshares
TCBI
$4.3B
| $20M | 0.01% |
241,902
+14,922
| +7% | +$1.35M |
|
|
MYOV
1531
DELISTED
Myovant Sciences Ltd.
MYOV
| $19.9M | 0.01% |
750,000
+150,000
| +25% | +$3.39M |
|
|
TRTN
1532
DELISTED
Triton International Limited
TRTN
| $19.9M | 0.01% |
597,944
-27,122
| -4% | -$956K |
|
|
NUAN
1533
DELISTED
Nuance Communications, Inc.
NUAN
| $19.9M | 0.01% |
1,325,420
-586,456
| -31% | -$8.13M |
|
1534
Granite Construction
GVA
$5.29B
| $19.8M | 0.01% |
434,316
+24,459
| +6% | +$1.19M |
|
1535
HUB Group
HUBG
$2.85B
| $19.7M | 0.01% |
864,320
-38,684
| -4% | -$963K |
|
|
EXPR
1536
DELISTED
Express, Inc.
EXPR
| $19.7M | 0.01% |
88,999
+2,764
| +3% | +$565K |
|
1537
First Commonwealth Financial
FCF
$2.18B
| $19.6M | 0.01% |
1,216,840
| – | – |
|
|
VRTU
1538
DELISTED
Virtusa Corporation
VRTU
| $19.6M | 0.01% |
365,173
-66,122
| -15% | -$3.59M |
|
1539
Schneider National
SNDR
$6.26B
| $19.6M | 0.01% |
784,573
+84,573
| +12% | +$2.26M |
|
|
PVTL
1540
DELISTED
Pivotal Software, Inc.
PVTL
| $19.6M | 0.01% |
1,000,000
-357,895
| -26% | -$8.72M |
|
|
HTO
1541
H2O America
HTO
$2.57B
| $19.6M | 0.01% |
320,165
| – | – |
|
|
TIVO
1542
DELISTED
Tivo Inc
TIVO
| $19.6M | 0.01% |
1,572,263
-279,783
| -15% | -$3.62M |
|
|
PMT
1543
PennyMac Mortgage Investment
PMT
$822M
| $19.6M | 0.01% |
966,953
| – | – |
|
1544
Primoris Services
PRIM
$4.58B
| $19.5M | 0.01% |
787,555
-78,812
| -9% | -$2.07M |
|
1545
Enpro
NPO
$6.63B
| $19.5M | 0.01% |
267,502
-76,546
| -22% | -$5.66M |
|
|
MRC
1546
DELISTED
MRC Global
MRC
| $19.5M | 0.01% |
1,038,788
| – | – |
|
1547
IAMGOLD
IAG
$8.2B
| $19.5M | 0.01% |
5,296,620
-597,642
| -10% | -$2.84M |
|
|
DCPH
1548
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $19.4M | 0.01% |
500,000
| – | – |
|
1549
AMC Entertainment Holdings
AMC
$2.52B
| $19.4M | 0.01% |
94,410
| – | – |
|
|
BNCL
1550
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $19.3M | 0.01% |
1,143,887
-141,875
| -11% | -$2.42M |
|
Similar funds
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.