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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATCO
1526
DELISTED
Atlas Corp.
ATCO
| $18.3M | 0.01% |
1,720,771
| – | – |
|
|
NVRO
1527
DELISTED
NEVRO CORP.
NVRO
| $18.3M | 0.01% |
212,548
| – | – |
|
1528
Amkor Technology
AMKR
$12.4B
| $18.1M | 0.01% |
1,994,378
+76,419
| +4% | +$656K |
|
1529
Varex Imaging
VREX
$472M
| $18.1M | 0.01% |
635,221
| – | – |
|
1530
Abercrombie & Fitch
ANF
$4.42B
| $18.1M | 0.01% |
1,161,718
| – | – |
|
|
IPHI
1531
DELISTED
INPHI CORPORATION
IPHI
| $18.1M | 0.01% |
296,577
-36,061
| -11% | -$2.2M |
|
1532
IAMGOLD
IAG
$8.2B
| $18.1M | 0.01% |
5,296,620
| – | – |
|
1533
Yext
YEXT
$547M
| $18.1M | 0.01% |
1,137,038
-15,847
| -1% | -$302K |
|
1534
JELD-WEN Holding
JELD
$122M
| $17.9M | 0.01% |
925,790
+94,464
| +11% | +$1.83M |
|
|
CTWS
1535
DELISTED
Connecticut Water Service Inc
CTWS
| $17.9M | 0.01% |
254,792
| – | – |
|
|
UHT
1536
Universal Health Realty Income Trust
UHT
$603M
| $17.8M | 0.01% |
173,125
+11,256
| +7% | +$1.06M |
|
1537
ESCO Technologies
ESE
$8.17B
| $17.8M | 0.01% |
223,619
| – | – |
|
1538
SPX Corp
SPXC
$11B
| $17.7M | 0.01% |
443,197
+11,900
| +3% | +$440K |
|
|
KAMN
1539
DELISTED
Kaman Corp
KAMN
| $17.7M | 0.01% |
298,173
| – | – |
|
|
AAMI
1540
Acadian Asset Management
AAMI
$3.08B
| $17.7M | 0.01% |
+1,786,175
| New | +$18.1M |
|
|
DISH
1541
DELISTED
DISH Network Corp.
DISH
| $17.7M | 0.01% |
519,402
-254,148
| -33% | -$9.1M |
|
|
WIRE
1542
DELISTED
Encore Wire Corp
WIRE
| $17.7M | 0.01% |
313,675
| – | – |
|
1543
Pricesmart
PSMT
$5.98B
| $17.6M | 0.01% |
248,023
+37,186
| +18% | +$2.25M |
|
|
AVX
1544
DELISTED
AVX Corporation
AVX
| $17.5M | 0.01% |
1,152,433
-182,794
| -14% | -$2.76M |
|
1545
Interface
TILE
$1.99B
| $17.5M | 0.01% |
1,211,119
| – | – |
|
|
MIK
1546
DELISTED
Michaels Stores, Inc
MIK
| $17.5M | 0.01% |
1,783,002
-338,228
| -16% | -$2.53M |
|
|
MINI
1547
DELISTED
Mobile Mini Inc
MINI
| $17.4M | 0.01% |
472,131
+16,036
| +4% | +$523K |
|
|
MRTX
1548
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $17.4M | 0.01% |
+223,136
| New | +$20.9M |
|
|
CORE
1549
DELISTED
Core Mark Holding Co., Inc.
CORE
| $17.3M | 0.01% |
539,394
| – | – |
|
|
BEAT
1550
DELISTED
BioTelemetry, Inc.
BEAT
| $17.3M | 0.01% |
425,275
| – | – |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.