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 | |
|---|---|---|---|---|---|---|
1551
MasTec
MTZ
$25.6B
| $16.4M | 0.01% |
349,108
-27,215
| -7% | -$1.38M |
|
1552
Insmed
INSM
$22B
| $16.4M | 0.01% |
729,005
| – | – |
|
1553
Petrobras Class A
PBR.A
$109B
| $16.3M | 0.01% |
1,258,403
| – | – |
|
1554
Towne Bank
TOWN
$3.49B
| $16.3M | 0.01% |
571,372
+195,538
| +52% | +$5.88M |
|
|
WGL
1555
DELISTED
Wgl Holdings
WGL
| $16.3M | 0.01% |
195,117
| – | – |
|
|
AERI
1556
DELISTED
Aerie Pharmaceuticals
AERI
| $16.3M | 0.01% |
299,593
+41,759
| +16% | +$2.34M |
|
1557
Nexstar Media Group
NXST
$5.88B
| $16.2M | 0.01% |
243,562
+50,751
| +26% | +$3.73M |
|
|
FFIC
1558
DELISTED
Flushing Financial
FFIC
| $16.1M | 0.01% |
596,759
-63,045
| -10% | -$1.75M |
|
1559
Range Resources
RRC
$9.24B
| $16.1M | 0.01% |
1,104,669
+1,015,839
| +1,144% | +$15.2M |
|
|
VIVO
1560
DELISTED
Meridian Bioscience Inc
VIVO
| $16.1M | 0.01% |
1,131,166
-4,856
| -0.4% | -$71.9K |
|
1561
Enovis
ENOV
$1.69B
| $16M | 0.01% |
291,728
-133,461
| -31% | -$8.23M |
|
1562
Gran Tierra Energy
GTE
$237M
| $16M | 0.01% |
574,647
| – | – |
|
1563
IMAX
IMAX
$2.61B
| $16M | 0.01% |
833,583
-185,430
| -18% | -$3.85M |
|
|
AVP
1564
DELISTED
Avon Products, Inc.
AVP
| $15.9M | 0.01% |
5,610,043
+348,600
| +7% | +$881K |
|
1565
Alarm.com
ALRM
$2.68B
| $15.9M | 0.01% |
421,670
+69,587
| +20% | +$2.62M |
|
1566
Archrock
AROC
$6.21B
| $15.8M | 0.01% |
1,805,757
+11,021
| +0.6% | +$105K |
|
1567
Texas Capital Bancshares
TCBI
$4.29B
| $15.8M | 0.01% |
175,449
-36,317
| -17% | -$3.41M |
|
|
DF
1568
DELISTED
Dean Foods Company
DF
| $15.8M | 0.01% |
1,829,819
+126,825
| +7% | +$1.25M |
|
|
XLRN
1569
DELISTED
Acceleron Pharma
XLRN
| $15.7M | 0.01% |
402,652
| – | – |
|
|
CTB
1570
DELISTED
Cooper Tire & Rubber Co.
CTB
| $15.7M | 0.01% |
535,989
+204,876
| +62% | +$7.16M |
|
|
RRD
1571
DELISTED
RR Donnelley & Sons Co.
RRD
| $15.5M | 0.01% |
1,778,495
+457,084
| +35% | +$3.78M |
|
|
RPT
1572
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $15.5M | 0.01% |
1,254,209
| – | – |
|
|
AEGN
1573
DELISTED
Aegion Corp
AEGN
| $15.5M | 0.01% |
676,307
| – | – |
|
1574
Ollie's Bargain Outlet
OLLI
$4.4B
| $15.5M | 0.01% |
256,747
| – | – |
|
1575
Ironwood Pharmaceuticals
IRWD
$614M
| $15.5M | 0.01% |
1,197,649
-1,608,725
| -57% | -$20M |
|
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.