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
|
+$836M |
| 2 |
VMRK
Vivmark Residential
VMRK
|
+$579M |
| 3 |
Equitable Holdings
EQH
|
+$351M |
| 4 |
AT&T
T
|
+$345M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$657M |
| 2 |
MON
Monsanto Co
MON
|
+$486M |
| 3 |
Apple
AAPL
|
+$230M |
| 4 |
American International
AIG
|
+$211M |
| 5 |
SL Green Realty
SLG
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.86% |
| 2 | Technology | 17.5% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Discretionary | 11.54% |
| 5 | Communication Services | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1551
Community Trust Bancorp
CTBI
$1.41B
| $19.3M | 0.01% |
386,005
| – | – |
|
1552
Schneider National
SNDR
$6.01B
| $19.3M | 0.01% |
700,000
-85,765
| -11% | -$2.38M |
|
|
EGL
1553
DELISTED
Engility Holdings, Inc.
EGL
| $19.3M | 0.01% |
628,359
+45,075
| +8% | +$1.29M |
|
|
DF
1554
DELISTED
Dean Foods Company
DF
| $19.2M | 0.01% |
1,829,819
| – | – |
|
|
CNR
1555
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $19.2M | 0.01% |
914,700
-46,838
| -5% | -$897K |
|
|
SYNT
1556
DELISTED
Syntel Inc
SYNT
| $19.2M | 0.01% |
598,278
+30,883
| +5% | +$923K |
|
1557
Artisan Partners
APAM
$2.61B
| $19.2M | 0.01% |
635,729
| – | – |
|
|
TRTN
1558
DELISTED
Triton International Limited
TRTN
| $19.2M | 0.01% |
625,066
+47,182
| +8% | +$1.56M |
|
|
TYPE
1559
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $19.2M | 0.01% |
943,846
| – | – |
|
|
CZZ
1560
DELISTED
Cosan Limited
CZZ
| $19.1M | 0.01% |
2,504,897
+139,357
| +6% | +$1.31M |
|
1561
SolarEdge
SEDG
$2.17B
| $19M | 0.01% |
397,477
+347,319
| +692% | +$19.2M |
|
1562
World Kinect Corp
WKC
$1.82B
| $18.9M | 0.01% |
927,876
+41,198
| +5% | +$954K |
|
|
TRST
1563
Trustco Bank Corp NY
TRST
$1.01B
| $18.9M | 0.01% |
425,461
| – | – |
|
1564
Avis
CAR
$4.19B
| $18.9M | 0.01% |
580,889
+33,985
| +6% | +$1.48M |
|
1565
First Commonwealth Financial
FCF
$2.17B
| $18.9M | 0.01% |
1,216,840
| – | – |
|
|
TWOU
1566
DELISTED
2U Inc
TWOU
| $18.8M | 0.01% |
7,501
+3,371
| +82% | +$8.95M |
|
|
FMI
1567
DELISTED
Foundation Medicine, Inc.
FMI
| $18.8M | 0.01% |
137,237
+37,641
| +38% | +$3.42M |
|
1568
Community Bank
CBU
$3.3B
| $18.7M | 0.01% |
316,875
+108,451
| +52% | +$6.33M |
|
|
SUM
1569
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $18.6M | 0.01% |
722,445
-164,195
| -19% | -$4.57M |
|
1570
Sensient Technologies
SXT
$5.39B
| $18.6M | 0.01% |
260,453
-81,027
| -24% | -$5.62M |
|
1571
Interactive Brokers
IBKR
$40.2B
| $18.6M | 0.01% |
1,155,416
+470,908
| +69% | +$8.52M |
|
1572
Tanger
SKT
$4.16B
| $18.5M | 0.01% |
789,196
| – | – |
|
1573
Patterson-UTI
PTEN
$4.85B
| $18.5M | 0.01% |
1,028,252
-154,543
| -13% | -$3.1M |
|
|
GPOR
1574
DELISTED
Gulfport Energy Corp.
GPOR
| $18.5M | 0.01% |
1,471,570
-283,939
| -16% | -$2.93M |
|
1575
CVR Energy
CVI
$5.24B
| $18.5M | 0.01% |
499,435
| – | – |
|
Similar funds
Norges Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Norges Bank held 2,219 positions worth $291B, up 5.4% from $276B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q2 2018 filing shows 75 new, 838 increased, 618 reduced and 85 closed positions. Its largest new stake was Equitable Holdings: 16,478,469 shares worth $340M. The largest sale was Time Warner Inc, an estimated $657M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2018 buy was Equitable Holdings: 16,478,469 shares worth $340M.
- Norges Bank added most to Alibaba in Q2 2018, an estimated $836M increase.
- Norges Bank's biggest Q2 2018 reduction was Apple, cutting an estimated $230M.
- Norges Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $657M.
- Norges Bank's ten largest holdings make up 16% of its $291B portfolio in Q2 2018.
- Norges Bank opened 75 new positions and closed 85 in Q2 2018.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $291B.
Based on Norges Bank's 13F filing for Q2 2018, filed 23 Jul 2018.