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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1576
OR Royalties Inc
OR
$5.75B
| $16.4M | 0.01% |
1,765,920
+863,048
| +96% | +$10.1M |
|
1577
Avis
CAR
$5.37B
| $16.4M | 0.01% |
580,889
| – | – |
|
|
BBT
1578
Beacon Financial Corp
BBT
$2.57B
| $16.4M | 0.01% |
559,360
+6,775
| +1% | +$206K |
|
1579
Patterson-UTI
PTEN
$3.74B
| $16.3M | 0.01% |
1,909,880
+476,533
| +33% | +$4.67M |
|
|
EVBG
1580
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $16.3M | 0.01% |
264,636
+20,550
| +8% | +$1.74M |
|
|
FG
1581
DELISTED
FGL Holdings Ordinary Shares
FG
| $16.3M | 0.01% |
2,043,918
| – | – |
|
|
KRA
1582
DELISTED
Kraton Corporation
KRA
| $16.3M | 0.01% |
503,860
+32,206
| +7% | +$963K |
|
|
PDCO
1583
DELISTED
Patterson Companies, Inc.
PDCO
| $16.3M | 0.01% |
912,453
| – | – |
|
1584
Insmed
INSM
$22B
| $16.2M | 0.01% |
919,044
| – | – |
|
|
MNDT
1585
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $16.2M | 0.01% |
1,214,990
+106,861
| +10% | +$1.52M |
|
1586
Schneider National
SNDR
$5.98B
| $16.2M | 0.01% |
746,006
-41,198
| -5% | -$811K |
|
1587
Rapid7
RPD
$634M
| $16.2M | 0.01% |
356,767
+99,498
| +39% | +$5.59M |
|
1588
8x8 Inc
EGHT
$262M
| $16.2M | 0.01% |
781,330
-96,549
| -11% | -$2.34M |
|
1589
SiriusPoint
SPNT
$2.78B
| $16.2M | 0.01% |
1,620,445
-98,039
| -6% | -$984K |
|
1590
Cal-Maine
CALM
$4.13B
| $16.2M | 0.01% |
405,100
-13,000
| -3% | -$540K |
|
|
TRST
1591
Trustco Bank Corp NY
TRST
$963M
| $16.2M | 0.01% |
397,132
| – | – |
|
|
MDP
1592
DELISTED
Meredith Corporation
MDP
| $16.2M | 0.01% |
441,282
| – | – |
|
1593
Canadian Solar
CSIQ
$1B
| $16.2M | 0.01% |
856,457
| – | – |
|
1594
Interparfums
IPAR
$4.02B
| $16.1M | ﹤0.01% |
229,884
| – | – |
|
1595
Compass Minerals
CMP
$1.25B
| $16M | ﹤0.01% |
283,879
| – | – |
|
|
RPT
1596
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $16M | ﹤0.01% |
1,183,338
| – | – |
|
1597
AdvanSix
ASIX
$555M
| $16M | ﹤0.01% |
622,205
-40,502
| -6% | -$985K |
|
1598
Agios Pharmaceuticals
AGIO
$1.95B
| $16M | ﹤0.01% |
493,854
+76,029
| +18% | +$3.15M |
|
1599
Winnebago Industries
WGO
$863M
| $15.9M | ﹤0.01% |
415,860
| – | – |
|
|
PTLA
1600
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $15.9M | ﹤0.01% |
594,588
+40,000
| +7% | +$1.12M |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
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 Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.