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 | |
|---|---|---|---|---|---|---|
1601
SSR Mining
SSRM
$7.19B
| $17.2M | 0.01% |
1,741,141
-226,274
| -12% | -$2.3M |
|
|
SAIL
1602
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $17.2M | 0.01% |
+700,000
| New | +$17M |
|
1603
Weis Markets
WMK
$1.78B
| $17.1M | 0.01% |
321,498
+76,497
| +31% | +$3.78M |
|
1604
Pinnacle Financial Partners Inc
PNFP
$15B
| $17.1M | 0.01% |
277,925
| – | – |
|
1605
Simmons First National
SFNC
$3.35B
| $17.1M | 0.01% |
570,268
+236,339
| +71% | +$7.21M |
|
1606
Ollie's Bargain Outlet
OLLI
$4.36B
| $17M | 0.01% |
234,820
-21,927
| -9% | -$1.48M |
|
1607
Astec Industries
ASTE
$941M
| $17M | 0.01% |
284,533
-72,197
| -20% | -$4.17M |
|
|
LNW
1608
DELISTED
Light & Wonder
LNW
| $17M | 0.01% |
345,381
-95,127
| -22% | -$5.02M |
|
|
SNBR
1609
DELISTED
Sleep Number
SNBR
| $16.9M | 0.01% |
582,494
| – | – |
|
1610
Green Plains
GPRE
$1.04B
| $16.9M | 0.01% |
923,092
+889,111
| +2,616% | +$17.1M |
|
|
TRQ
1611
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $16.9M | 0.01% |
595,989
| – | – |
|
1612
Amkor Technology
AMKR
$11.5B
| $16.8M | 0.01% |
1,951,162
| – | – |
|
1613
Cannae Holdings
CNNE
$670M
| $16.6M | 0.01% |
897,066
-458,516
| -34% | -$9.15M |
|
1614
Global Net Lease
GNL
$2.08B
| $16.6M | 0.01% |
812,707
+51,282
| +7% | +$968K |
|
|
RPT
1615
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $16.6M | 0.01% |
1,254,209
| – | – |
|
1616
Canadian Solar
CSIQ
$831M
| $16.6M | 0.01% |
+1,353,558
| New | +$20.3M |
|
1617
Insmed
INSM
$26.2B
| $16.5M | 0.01% |
699,455
-29,550
| -4% | -$761K |
|
|
MTSC
1618
DELISTED
MTS Systems Corp
MTSC
| $16.5M | 0.01% |
313,199
+78,318
| +33% | +$4.12M |
|
|
CBM
1619
DELISTED
Cambrex Corporation
CBM
| $16.5M | 0.01% |
315,072
+281,628
| +842% | +$14M |
|
1620
Adeia
ADEA
$2.75B
| $16.5M | 0.01% |
3,864,887
-415,664
| -10% | -$2.24M |
|
|
HF
1621
DELISTED
HFF Inc.
HF
| $16.4M | 0.01% |
477,722
| – | – |
|
1622
Repligen
RGEN
$9.86B
| $16.4M | 0.01% |
347,964
+39,013
| +13% | +$1.61M |
|
1623
CTS Corp
CTS
$1.62B
| $16.3M | 0.01% |
454,146
| – | – |
|
1624
Mercury Systems
MRCY
$5.23B
| $16.3M | 0.01% |
428,824
| – | – |
|
1625
BancFirst
BANF
$3.73B
| $16.3M | 0.01% |
275,370
| – | – |
|
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.