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 |
Meta Platforms (Facebook)
META
|
+$203M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$196M |
| 3 |
AT&T
T
|
+$174M |
| 4 |
NIO
NIO
|
+$163M |
| 5 |
T-Mobile US
TMUS
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GGP
GGP Inc.
GGP
|
+$606M |
| 2 |
Wells Fargo
WFC
|
+$206M |
| 3 |
Oracle
ORCL
|
+$200M |
| 4 |
UBS Group
UBS
|
+$185M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.96% |
| 2 | Financials | 17.19% |
| 3 | Healthcare | 13.99% |
| 4 | Consumer Discretionary | 11.37% |
| 5 | Communication Services | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KAMN
1601
DELISTED
Kaman Corp
KAMN
| $17.4M | 0.01% |
259,995
-188,518
| -42% | -$12.5M |
|
|
AFSI
1602
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $17.4M | 0.01% |
1,195,178
-276,985
| -19% | -$4.03M |
|
1603
Kelly Services Class A
KELYA
$514M
| $17.2M | 0.01% |
716,389
| – | – |
|
|
AIMC
1604
DELISTED
Altra Industrial Motion Corp
AIMC
| $17.2M | 0.01% |
+416,772
| New | +$17.4M |
|
1605
First Financial Bankshares
FFIN
$5.04B
| $17.2M | 0.01% |
580,804
+38,722
| +7% | +$1.12M |
|
|
MTSC
1606
DELISTED
MTS Systems Corp
MTSC
| $17.1M | 0.01% |
313,199
| – | – |
|
1607
Paylocity
PCTY
$7.38B
| $17.1M | 0.01% |
212,902
+150,000
| +238% | +$10.6M |
|
|
RPT
1608
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $17.1M | 0.01% |
1,254,209
| – | – |
|
1609
8x8 Inc
EGHT
$269M
| $17M | 0.01% |
802,059
+52,607
| +7% | +$1.15M |
|
1610
CVB Financial
CVBF
$3.94B
| $17M | 0.01% |
760,642
+182,573
| +32% | +$4.31M |
|
|
TWOU
1611
DELISTED
2U Inc
TWOU
| $16.9M | 0.01% |
7,501
| – | – |
|
1612
Community Trust Bancorp
CTBI
$1.42B
| $16.9M | 0.01% |
364,523
-21,482
| -6% | -$1.06M |
|
1613
Werner Enterprises
WERN
$2.24B
| $16.9M | 0.01% |
476,957
-79,893
| -14% | -$2.96M |
|
|
CZZ
1614
DELISTED
Cosan Limited
CZZ
| $16.9M | 0.01% |
2,504,897
| – | – |
|
1615
PRA Group
PRAA
$663M
| $16.8M | 0.01% |
467,016
| – | – |
|
1616
Under Armour
UAA
$2.84B
| $16.6M | 0.01% |
784,341
+581,846
| +287% | +$12.1M |
|
|
AVP
1617
DELISTED
Avon Products, Inc.
AVP
| $16.6M | 0.01% |
7,546,143
+1,500,000
| +25% | +$2.76M |
|
1618
Genesco
GCO
$425M
| $16.6M | 0.01% |
352,164
+27,784
| +9% | +$1.21M |
|
1619
1st Source
SRCE
$2.16B
| $16.5M | 0.01% |
314,073
-18,318
| -6% | -$1.02M |
|
1620
Globant
GLOB
$1.58B
| $16.5M | 0.01% |
279,843
| – | – |
|
|
MB
1621
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $16.4M | 0.01% |
404,402
+175,394
| +77% | +$6.85M |
|
1622
Regenxbio
RGNX
$620M
| $16.4M | 0.01% |
+217,664
| New | +$15.7M |
|
|
SPTN
1623
DELISTED
SpartanNash
SPTN
| $16.3M | 0.01% |
814,740
+39,904
| +5% | +$908K |
|
|
TVTY
1624
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $16.3M | 0.01% |
508,269
-13,000
| -2% | -$443K |
|
|
RDUS
1625
DELISTED
Radius Recycling
RDUS
| $16.3M | 0.01% |
603,986
| – | – |
|
Similar funds
Norges Bank's Q3 2018 Portfolio in Review
As of Q3 2018, Norges Bank held 2,209 positions worth $308B, up 5.7% from $291B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2018 filing shows 74 new, 715 increased, 609 reduced and 67 closed positions. Its largest new stake was NIO: 19,750,000 shares worth $138M. The largest sale was GGP Inc., an estimated $606M.
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 Q3 2018 buy was NIO: 19,750,000 shares worth $138M.
- Norges Bank added most to Meta Platforms (Facebook) in Q3 2018, an estimated $203M increase.
- Norges Bank's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $206M.
- Norges Bank fully exited GGP Inc. in Q3 2018, selling an estimated $606M.
- Norges Bank's ten largest holdings make up 17% of its $308B portfolio in Q3 2018.
- Norges Bank opened 74 new positions and closed 67 in Q3 2018.
- Norges Bank's portfolio value rose 5.7% quarter-over-quarter to $308B.
Based on Norges Bank's 13F filing for Q3 2018, filed 9 Nov 2018.