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
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1601
BancFirst
BANF
$3.77B
| $14.6M | 0.01% |
275,370
| – | – |
|
1602
Varex Imaging
VREX
$467M
| $14.6M | 0.01% |
408,248
+136,980
| +50% | +$5.22M |
|
|
LGF.A
1603
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $14.6M | 0.01% |
564,466
| – | – |
|
|
CBI
1604
DELISTED
Chicago Bridge & Iron Nv
CBI
| $14.6M | 0.01% |
1,011,470
-386,493
| -28% | -$7.07M |
|
|
DCOM
1605
DELISTED
Dime Community Bancshares
DCOM
| $14.6M | 0.01% |
791,227
-166,645
| -17% | -$3.24M |
|
|
NTUS
1606
DELISTED
Natus Medical Inc
NTUS
| $14.5M | 0.01% |
432,051
+140,364
| +48% | +$4.44M |
|
|
LKSD
1607
DELISTED
LSC Communications, Inc.
LKSD
| $14.5M | 0.01% |
832,864
-83,564
| -9% | -$1.24M |
|
|
SYNT
1608
DELISTED
Syntel Inc
SYNT
| $14.5M | 0.01% |
567,395
+85,495
| +18% | +$2.12M |
|
|
CYS
1609
DELISTED
CYS Investments Inc.
CYS
| $14.5M | 0.01% |
2,154,799
| – | – |
|
1610
GameStop
GME
$9.82B
| $14.5M | 0.01% |
4,584,864
-993,320
| -18% | -$4.05M |
|
1611
Granite Construction
GVA
$5.03B
| $14.4M | 0.01% |
258,248
+116,595
| +82% | +$7.19M |
|
|
EXPR
1612
DELISTED
Express, Inc.
EXPR
| $14.4M | 0.01% |
100,628
-4,361
| -4% | -$643K |
|
|
OCLR
1613
DELISTED
Oclaro Inc.
OCLR
| $14.3M | 0.01% |
1,496,839
+389,028
| +35% | +$2.92M |
|
1614
FormFactor
FORM
$8.21B
| $14.3M | 0.01% |
1,046,512
| – | – |
|
1615
National Vision
EYE
$1.79B
| $14.2M | 0.01% |
440,491
+400,000
| +988% | +$14.6M |
|
|
EGL
1616
DELISTED
Engility Holdings, Inc.
EGL
| $14.2M | 0.01% |
583,284
+90,710
| +18% | +$2.38M |
|
|
GES
1617
DELISTED
Guess Inc
GES
| $14.2M | 0.01% |
685,853
+606,400
| +763% | +$10.1M |
|
1618
Apogee Enterprises
APOG
$832M
| $14.2M | 0.01% |
327,599
+25,206
| +8% | +$1.13M |
|
1619
Compass Minerals
CMP
$1.25B
| $14.2M | 0.01% |
234,742
| – | – |
|
1620
Albany International
AIN
$2.1B
| $14.1M | 0.01% |
225,428
+102,965
| +84% | +$6.58M |
|
|
CKH
1621
DELISTED
Seacor Holdings Inc.
CKH
| $14.1M | 0.01% |
276,095
+1,400
| +0.5% | +$65.5K |
|
1622
Dave & Buster's
PLAY
$377M
| $14M | 0.01% |
336,351
+51,000
| +18% | +$2.35M |
|
1623
Xencor
XNCR
$1.59B
| $14M | 0.01% |
466,149
-221,131
| -32% | -$5.78M |
|
|
BRKL
1624
DELISTED
Brookline Bancorp
BRKL
| $13.9M | 0.01% |
857,819
| – | – |
|
|
TWNK
1625
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $13.9M | 0.01% |
939,208
+773,486
| +467% | +$10.8M |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.