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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FOE
1576
DELISTED
Ferro Corporation
FOE
| $17.7M | 0.01% |
936,003
+233,460
| +33% | +$4.12M |
|
1577
Hain Celestial
HAIN
$45M
| $17.6M | 0.01% |
761,794
| – | – |
|
1578
California Water Service
CWT
$3B
| $17.6M | 0.01% |
324,346
+192,305
| +146% | +$9.68M |
|
1579
Amkor Technology
AMKR
$12.4B
| $17.6M | 0.01% |
2,058,804
+107,642
| +6% | +$891K |
|
|
UNT
1580
DELISTED
UNIT Corporation
UNT
| $17.6M | 0.01% |
1,233,674
-5,503
| -0.4% | -$87.6K |
|
1581
The Greenbrier Companies
GBX
$1.52B
| $17.5M | 0.01% |
543,830
| – | – |
|
|
CTWS
1582
DELISTED
Connecticut Water Service Inc
CTWS
| $17.5M | 0.01% |
254,792
-10,000
| -4% | -$674K |
|
1583
Tanger
SKT
$4.67B
| $17.5M | 0.01% |
832,940
| – | – |
|
1584
Interparfums
IPAR
$3.99B
| $17.4M | 0.01% |
229,884
+84,568
| +58% | +$5.92M |
|
|
SAFM
1585
DELISTED
Sanderson Farms Inc
SAFM
| $17.4M | 0.01% |
131,832
-219,488
| -62% | -$26.3M |
|
1586
Meritage Homes
MTH
$4.58B
| $17.3M | 0.01% |
774,336
| – | – |
|
1587
SiteOne Landscape Supply
SITE
$4.12B
| $17.3M | 0.01% |
302,635
+34,019
| +13% | +$1.86M |
|
|
IBTX
1588
DELISTED
Independent Bank Group, Inc.
IBTX
| $17.3M | 0.01% |
336,823
+120,760
| +56% | +$6.5M |
|
1589
Eagle Bancorp
EGBN
$846M
| $17.3M | 0.01% |
343,953
| – | – |
|
1590
Group 1 Automotive
GPI
$3.41B
| $17.2M | 0.01% |
266,304
| – | – |
|
1591
Scansource
SCSC
$1.15B
| $17.1M | 0.01% |
477,962
-72,081
| -13% | -$2.69M |
|
1592
TTEC Holdings
TTEC
$121M
| $17.1M | 0.01% |
471,660
| – | – |
|
|
INN
1593
Summit Hotel Properties
INN
$746M
| $16.9M | 0.01% |
1,480,730
| – | – |
|
1594
Rambus
RMBS
$9.87B
| $16.8M | 0.01% |
1,610,236
-126,186
| -7% | -$1.21M |
|
|
SWI
1595
DELISTED
SolarWinds Corporation Common Stock
SWI
| $16.8M | 0.01% |
815,933
-948,000
| -54% | -$17.8M |
|
1596
Moderna
MRNA
$21.8B
| $16.8M | 0.01% |
825,000
| – | – |
|
1597
Floor & Decor
FND
$6.22B
| $16.8M | 0.01% |
407,146
+61,536
| +18% | +$2.16M |
|
1598
Coherent
COHR
$51.4B
| $16.8M | 0.01% |
450,558
+277,212
| +160% | +$10.2M |
|
|
MDR
1599
DELISTED
McDermott International
MDR
| $16.8M | 0.01% |
2,254,971
-390,471
| -15% | -$3.22M |
|
1600
BlackLine
BL
$1.84B
| $16.8M | 0.01% |
362,076
+80,000
| +28% | +$3.76M |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.