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 | |
|---|---|---|---|---|---|---|
1576
Northwest Natural Holdings
NWN
$2.03B
| $18.5M | 0.01% |
289,327
| – | – |
|
1577
Amneal Pharmaceuticals
AMRX
$5.8B
| $18.4M | 0.01% |
+1,123,030
| New | +$19.7M |
|
|
AMWD
1578
DELISTED
American Woodmark
AMWD
| $18.4M | 0.01% |
200,629
-89,178
| -31% | -$8.23M |
|
|
PMT
1579
PennyMac Mortgage Investment
PMT
$783M
| $18.4M | 0.01% |
966,953
| – | – |
|
|
TVTY
1580
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $18.3M | 0.01% |
521,269
| – | – |
|
1581
Pitney Bowes
PBI
$2.37B
| $18.2M | 0.01% |
2,118,891
+704,082
| +50% | +$6.8M |
|
1582
Buckle
BKE
$2.04B
| $18.1M | 0.01% |
674,358
+91,797
| +16% | +$2.27M |
|
1583
Theravance Biopharma
TBPH
$885M
| $18.1M | 0.01% |
799,533
+81,780
| +11% | +$1.94M |
|
|
DMC
1584
Del Monte Corp
DMC
$1.48B
| $18M | 0.01% |
404,635
-15,928
| -4% | -$744K |
|
1585
Marriott Vacations Worldwide
VAC
$3.48B
| $18M | 0.01% |
159,524
| – | – |
|
1586
PRA Group
PRAA
$726M
| $18M | 0.01% |
467,016
+16,373
| +4% | +$631K |
|
1587
Glacier Bancorp
GBCI
$5.89B
| $18M | 0.01% |
465,098
| – | – |
|
|
LXFT
1588
DELISTED
Luxoft Holding, Inc.
LXFT
| $18M | 0.01% |
487,842
| – | – |
|
1589
Herc Holdings
HRI
$4.65B
| $18M | 0.01% |
318,963
-48,985
| -13% | -$2.86M |
|
1590
1st Source
SRCE
$2.1B
| $17.8M | 0.01% |
332,391
| – | – |
|
1591
TTEC Holdings
TTEC
$62.6M
| $17.7M | 0.01% |
513,067
-139,300
| -21% | -$4.72M |
|
1592
MasTec
MTZ
$17.9B
| $17.7M | 0.01% |
349,108
| – | – |
|
|
PR
1593
Permian Resources
PR
$20.5B
| $17.6M | 0.01% |
974,897
-57,715
| -6% | -$1.04M |
|
|
CATM
1594
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $17.5M | 0.01% |
722,526
-40,959
| -5% | -$1.06M |
|
|
AEGN
1595
DELISTED
Aegion Corp
AEGN
| $17.4M | 0.01% |
676,307
| – | – |
|
1596
New York Times
NYT
$11.6B
| $17.4M | 0.01% |
671,818
-522,002
| -44% | -$12.3M |
|
1597
Towne Bank
TOWN
$3.47B
| $17.3M | 0.01% |
538,693
-32,679
| -6% | -$1.01M |
|
1598
B2Gold
BTG
$6.9B
| $17.3M | 0.01% |
6,657,385
-2,959,400
| -31% | -$8.09M |
|
1599
Xencor
XNCR
$1.77B
| $17.3M | 0.01% |
466,149
| – | – |
|
|
FNGN
1600
DELISTED
Financial Engines, Inc.
FNGN
| $17.2M | 0.01% |
383,076
+333,825
| +678% | +$13.8M |
|
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.