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 |
Alcon
ALC
|
+$602M |
| 2 |
Alexandria Real Estate Equities
ARE
|
+$488M |
| 3 |
Dow Inc
DOW
|
+$384M |
| 4 |
UBS Group
UBS
|
+$245M |
| 5 |
Regency Centers
REG
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameriprise Financial
AMP
|
+$280M |
| 2 |
Johnson Controls International
JCI
|
+$235M |
| 3 |
Linde
LIN
|
+$197M |
| 4 |
Baxter International
BAX
|
+$193M |
| 5 |
DuPont de Nemours
DD
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.05% |
| 2 | Financials | 16.91% |
| 3 | Healthcare | 13.48% |
| 4 | Consumer Discretionary | 11.5% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1551
California Water Service
CWT
$3B
| $18.6M | 0.01% |
368,287
+43,941
| +14% | +$2.21M |
|
1552
Abercrombie & Fitch
ANF
$4.42B
| $18.6M | 0.01% |
1,161,718
-72,516
| -6% | -$1.68M |
|
1553
Interface
TILE
$1.99B
| $18.6M | 0.01% |
1,211,119
-61,804
| -5% | -$974K |
|
|
BRSL
1554
Brightstar Lottery PLC
BRSL
$1.84B
| $18.5M | 0.01% |
1,428,094
| – | – |
|
1555
Chewy
CHWY
$9.25B
| $18.5M | 0.01% |
+528,466
| New | +$17.8M |
|
1556
Simply Good Foods
SMPL
$901M
| $18.5M | 0.01% |
768,002
+267,210
| +53% | +$6.06M |
|
1557
NovaGold Resources
NG
$2.56B
| $18.5M | 0.01% |
3,129,928
| – | – |
|
1558
ESCO Technologies
ESE
$8.17B
| $18.5M | 0.01% |
223,619
| – | – |
|
|
MIK
1559
DELISTED
Michaels Stores, Inc
MIK
| $18.5M | 0.01% |
2,121,230
-50,000
| -2% | -$528K |
|
1560
CBIZ
CBZ
$2.99B
| $18.4M | 0.01% |
940,696
-51,229
| -5% | -$1.03M |
|
|
NSA
1561
DELISTED
National Storage Affiliates Trust
NSA
| $18.4M | 0.01% |
636,765
+316,468
| +99% | +$9.26M |
|
|
WIRE
1562
DELISTED
Encore Wire Corp
WIRE
| $18.4M | 0.01% |
313,675
| – | – |
|
1563
Group 1 Automotive
GPI
$3.41B
| $18.3M | 0.01% |
223,522
-42,782
| -16% | -$3.22M |
|
1564
Kite Realty
KRG
$5.81B
| $18.2M | 0.01% |
1,201,859
| – | – |
|
|
HOLI
1565
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $18.2M | 0.01% |
956,787
| – | – |
|
1566
Caesars Entertainment
CZR
$6.06B
| $18M | 0.01% |
391,716
| – | – |
|
1567
Crocs
CROX
$6.36B
| $17.9M | 0.01% |
908,474
-103,388
| -10% | -$2.39M |
|
1568
IAMGOLD
IAG
$8.2B
| $17.9M | 0.01% |
5,296,620
| – | – |
|
|
LTXB
1569
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $17.9M | 0.01% |
439,561
+25,766
| +6% | +$1.01M |
|
1570
Cars.com
CARS
$662M
| $17.8M | 0.01% |
904,731
| – | – |
|
1571
Innoviva
INVA
$1.55B
| $17.8M | 0.01% |
1,221,782
-149,300
| -11% | -$2.12M |
|
|
DAY
1572
DELISTED
Dayforce
DAY
| $17.8M | 0.01% |
354,063
+77,834
| +28% | +$3.94M |
|
|
CTWS
1573
DELISTED
Connecticut Water Service Inc
CTWS
| $17.8M | 0.01% |
254,792
| – | – |
|
1574
SiriusPoint
SPNT
$2.75B
| $17.7M | 0.01% |
1,718,484
| – | – |
|
1575
JELD-WEN Holding
JELD
$122M
| $17.6M | 0.01% |
831,326
| – | – |
|
Similar funds
Norges Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Norges Bank held 2,175 positions worth $324B, up 4.5% from $310B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q2 2019 filing shows 49 new, 658 increased, 482 reduced and 69 closed positions. Its largest new stake was Alcon: 10,263,150 shares worth $635M. The largest sale was Ameriprise Financial, an estimated $280M.
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 Q2 2019 buy was Alcon: 10,263,150 shares worth $635M.
- Norges Bank added most to Alexandria Real Estate Equities in Q2 2019, an estimated $488M increase.
- Norges Bank's biggest Q2 2019 reduction was Ameriprise Financial, cutting an estimated $280M.
- Norges Bank fully exited Johnson Controls International in Q2 2019, selling an estimated $235M.
- Norges Bank's ten largest holdings make up 17% of its $324B portfolio in Q2 2019.
- Norges Bank opened 49 new positions and closed 69 in Q2 2019.
- Norges Bank's portfolio value rose 4.5% quarter-over-quarter to $324B.
Based on Norges Bank's 13F filing for Q2 2019, filed 9 Aug 2019.