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 | |
|---|---|---|---|---|---|---|
1551
Repligen
RGEN
$7.96B
| $19.3M | 0.01% |
347,964
| – | – |
|
|
AYR
1552
DELISTED
Aircastle Ltd
AYR
| $19.3M | 0.01% |
879,908
-143,028
| -14% | -$2.97M |
|
1553
Vistra
VST
$50B
| $19.3M | 0.01% |
774,068
+236,265
| +44% | +$5.44M |
|
1554
Home BancShares
HOMB
$6.23B
| $19.2M | 0.01% |
876,209
| – | – |
|
|
ALEX
1555
DELISTED
Alexander & Baldwin
ALEX
| $19.2M | 0.01% |
845,146
| – | – |
|
1556
JELD-WEN Holding
JELD
$122M
| $19.1M | 0.01% |
773,456
-539,123
| -41% | -$14.4M |
|
1557
Atara Biotherapeutics
ATRA
$75.5M
| $19.1M | 0.01% |
18,444
+9,942
| +117% | +$9.72M |
|
|
TYPE
1558
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $19.1M | 0.01% |
943,846
| – | – |
|
1559
Tanger
SKT
$4.67B
| $19.1M | 0.01% |
832,940
+43,744
| +6% | +$1.03M |
|
|
TLRD
1560
DELISTED
Tailored Brands, Inc.
TLRD
| $19M | 0.01% |
754,959
-39,936
| -5% | -$917K |
|
1561
Matthews International
MATW
$866M
| $19M | 0.01% |
379,201
-20,000
| -5% | -$1.08M |
|
1562
Rambus
RMBS
$9.87B
| $18.9M | 0.01% |
1,736,422
| – | – |
|
1563
Albany International
AIN
$2.11B
| $18.9M | 0.01% |
238,102
+12,674
| +6% | +$916K |
|
|
VIVO
1564
DELISTED
Meridian Bioscience Inc
VIVO
| $18.9M | 0.01% |
1,270,257
| – | – |
|
1565
LCI Industries
LCII
$2.49B
| $18.9M | 0.01% |
228,404
| – | – |
|
|
UCB
1566
United Community Banks
UCB
$4.24B
| $18.8M | 0.01% |
675,722
+31,377
| +5% | +$951K |
|
1567
AZZ Inc
AZZ
$4.35B
| $18.8M | 0.01% |
372,093
+78,227
| +27% | +$4.17M |
|
1568
O-I Glass
OI
$1.1B
| $18.8M | 0.01% |
999,046
+69,735
| +8% | +$1.25M |
|
1569
Axos Financial
AX
$5.77B
| $18.8M | 0.01% |
545,541
+28,192
| +5% | +$1.08M |
|
1570
SouthState Bank Corp
SSB
$10.2B
| $18.7M | 0.01% |
227,817
| – | – |
|
1571
Avis
CAR
$4.86B
| $18.7M | 0.01% |
580,889
| – | – |
|
1572
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $18.7M | 0.01% |
310,216
+32,291
| +12% | +$2.04M |
|
|
CSII
1573
DELISTED
Cardiovascular Systems, Inc.
CSII
| $18.6M | 0.01% |
474,286
+29,841
| +7% | +$1.1M |
|
|
ACOR
1574
DELISTED
Acorda Therapeutics
ACOR
| $18.5M | 0.01% |
7,850
| – | – |
|
1575
Regis Corp
RGS
$68.4M
| $18.5M | 0.01% |
45,254
| – | – |
|
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.