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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSII
1526
DELISTED
Cardiovascular Systems, Inc.
CSII
| $19.3M | 0.01% |
500,450
| – | – |
|
|
PEGI
1527
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $19.3M | 0.01% |
878,797
| – | – |
|
1528
United Parks & Resorts
PRKS
$2.1B
| $19.3M | 0.01% |
748,831
+386,543
| +107% | +$9.86M |
|
1529
Innoviva
INVA
$1.55B
| $19.2M | 0.01% |
1,371,082
| – | – |
|
1530
Kite Realty
KRG
$5.81B
| $19.2M | 0.01% |
1,201,859
| – | – |
|
|
CTB
1531
DELISTED
Cooper Tire & Rubber Co.
CTB
| $19.2M | 0.01% |
642,557
+153,816
| +31% | +$4.94M |
|
1532
NMI Holdings
NMIH
$3.33B
| $19.2M | 0.01% |
740,372
| – | – |
|
1533
Amneal Pharmaceuticals
AMRX
$5.85B
| $19.1M | 0.01% |
1,348,373
| – | – |
|
|
CVGW
1534
DELISTED
Calavo Growers
CVGW
| $19.1M | 0.01% |
227,795
+60,171
| +36% | +$4.88M |
|
|
CORE
1535
DELISTED
Core Mark Holding Co., Inc.
CORE
| $19.1M | 0.01% |
513,456
+239,089
| +87% | +$7.52M |
|
1536
Synaptics
SYNA
$4.19B
| $19M | 0.01% |
478,393
| – | – |
|
1537
Asbury Automotive
ABG
$4.31B
| $19M | 0.01% |
273,809
| – | – |
|
1538
Paylocity
PCTY
$7.38B
| $19M | 0.01% |
212,902
| – | – |
|
1539
CarGurus
CARG
$3.27B
| $18.9M | 0.01% |
472,772
| – | – |
|
1540
GSK
GSK
$104B
| $18.9M | 0.01% |
361,677
| – | – |
|
1541
Sturm, Ruger & Co
RGR
$594M
| $18.9M | 0.01% |
356,251
| – | – |
|
1542
Patterson-UTI
PTEN
$3.98B
| $18.9M | 0.01% |
1,345,037
+316,785
| +31% | +$4.15M |
|
1543
SolarEdge
SEDG
$2.51B
| $18.9M | 0.01% |
500,389
+102,912
| +26% | +$4.11M |
|
|
AYR
1544
DELISTED
Aircastle Ltd
AYR
| $18.8M | 0.01% |
930,235
| – | – |
|
|
STL
1545
DELISTED
Sterling Bancorp
STL
| $18.7M | 0.01% |
1,003,811
+50,813
| +5% | +$971K |
|
1546
Cal-Maine
CALM
$4.12B
| $18.7M | 0.01% |
418,100
| – | – |
|
|
BRSL
1547
Brightstar Lottery PLC
BRSL
$1.84B
| $18.6M | 0.01% |
1,428,094
| – | – |
|
1548
First Merchants
FRME
$2.68B
| $18.5M | 0.01% |
503,016
+24,431
| +5% | +$936K |
|
1549
Itron
ITRI
$4.36B
| $18.5M | 0.01% |
397,313
+4,905
| +1% | +$260K |
|
1550
LCI Industries
LCII
$2.49B
| $18.5M | 0.01% |
241,265
| – | – |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.