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 | |
|---|---|---|---|---|---|---|
|
AMWD
1601
DELISTED
American Woodmark
AMWD
| $16.8M | 0.01% |
202,844
| – | – |
|
1602
Pacira BioSciences
PCRX
$1.04B
| $16.8M | 0.01% |
440,137
+23,929
| +6% | +$934K |
|
1603
Artisan Partners
APAM
$2.79B
| $16.8M | 0.01% |
665,535
| – | – |
|
|
TYPE
1604
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $16.6M | 0.01% |
835,385
| – | – |
|
1605
Acco Brands
ACCO
$389M
| $16.6M | 0.01% |
1,937,596
| – | – |
|
1606
Sunrun
RUN
$2.34B
| $16.6M | 0.01% |
1,178,498
-370,000
| -24% | -$5.09M |
|
|
CPE
1607
DELISTED
Callon Petroleum Company
CPE
| $16.6M | 0.01% |
219,402
+114,569
| +109% | +$8.88M |
|
1608
Independent Bank
INDB
$3.99B
| $16.5M | 0.01% |
203,671
+89,161
| +78% | +$7.07M |
|
|
HOUS
1609
DELISTED
Anywhere Real Estate
HOUS
| $16.5M | 0.01% |
1,446,251
+126,656
| +10% | +$1.95M |
|
|
AERI
1610
DELISTED
Aerie Pharmaceuticals
AERI
| $16.5M | 0.01% |
347,056
+47,463
| +16% | +$2.09M |
|
|
SGI
1611
Somnigroup International
SGI
$13.7B
| $16.5M | 0.01% |
1,143,124
+684,448
| +149% | +$9.26M |
|
|
KAMN
1612
DELISTED
Kaman Corp
KAMN
| $16.5M | 0.01% |
282,005
+86,672
| +44% | +$5.1M |
|
|
SAVE
1613
DELISTED
Spirit Airlines, Inc.
SAVE
| $16.4M | 0.01% |
311,099
+41,258
| +15% | +$2.37M |
|
|
HEES
1614
DELISTED
H&E Equipment Services
HEES
| $16.4M | 0.01% |
654,169
-48,971
| -7% | -$1.29M |
|
1615
GameStop
GME
$9.75B
| $16.4M | 0.01% |
6,450,356
| – | – |
|
1616
Copa Holdings
CPA
$5.76B
| $16.4M | 0.01% |
203,057
| – | – |
|
1617
Enovis
ENOV
$1.68B
| $16.3M | 0.01% |
319,968
+28,240
| +10% | +$1.24M |
|
|
TUP
1618
DELISTED
Tupperware Brands Corporation
TUP
| $16.3M | 0.01% |
638,966
+40,000
| +7% | +$1.22M |
|
1619
Pitney Bowes
PBI
$2.37B
| $16.3M | 0.01% |
2,371,845
+141,843
| +6% | +$981K |
|
1620
Primoris Services
PRIM
$4.58B
| $16.3M | 0.01% |
787,555
| – | – |
|
1621
AutoNation
AN
$7.11B
| $16.3M | 0.01% |
455,948
| – | – |
|
|
NP
1622
DELISTED
Neenah, Inc. Common Stock
NP
| $16.2M | 0.01% |
252,320
+14,194
| +6% | +$943K |
|
1623
First Commonwealth Financial
FCF
$2.18B
| $16.2M | 0.01% |
1,288,576
| – | – |
|
1624
Celestica
CLS
$38.1B
| $16.1M | 0.01% |
1,907,770
-14,800
| -0.8% | -$132K |
|
1625
Genesco
GCO
$425M
| $16M | 0.01% |
352,164
| – | – |
|
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.