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 |
Alcon
ALC
|
+$602M |
| 2 |
Alexandria Real Estate Equities
ARE
|
+$488M |
| 3 |
Dow Inc
DOW
|
+$384M |
| 4 |
UBS Group
UBS
|
+$245M |
| 5 |
Regency Centers
REG
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameriprise Financial
AMP
|
+$280M |
| 2 |
Johnson Controls International
JCI
|
+$235M |
| 3 |
Linde
LIN
|
+$197M |
| 4 |
Baxter International
BAX
|
+$193M |
| 5 |
DuPont de Nemours
DD
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.05% |
| 2 | Financials | 16.91% |
| 3 | Healthcare | 13.48% |
| 4 | Consumer Discretionary | 11.5% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1601
BJ's Restaurants
BJRI
$1.42B
| $16.6M | 0.01% |
378,840
| – | – |
|
1602
Werner Enterprises
WERN
$2.24B
| $16.6M | 0.01% |
534,230
| – | – |
|
1603
News Corp Class B
NWS
$16.9B
| $16.5M | 0.01% |
1,182,989
| – | – |
|
1604
Patterson-UTI
PTEN
$3.98B
| $16.5M | 0.01% |
1,433,347
+88,310
| +7% | +$1.14M |
|
1605
Primoris Services
PRIM
$4.58B
| $16.5M | 0.01% |
787,555
| – | – |
|
1606
Coherent
COHR
$51.4B
| $16.5M | 0.01% |
450,558
| – | – |
|
|
TERP
1607
DELISTED
TerraForm Power, Inc
TERP
| $16.4M | 0.01% |
1,147,974
| – | – |
|
|
MNDT
1608
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $16.4M | 0.01% |
1,108,129
-1,010,082
| -48% | -$15.5M |
|
|
MIME
1609
DELISTED
Mimecast Limited
MIME
| $16.2M | 0.01% |
347,442
+63,850
| +23% | +$3.04M |
|
|
SASR
1610
DELISTED
Sandy Spring Bancorp Inc
SASR
| $16.2M | 0.01% |
464,329
| – | – |
|
|
ALDR
1611
DELISTED
Alder Biopharmaceuticals
ALDR
| $16.2M | 0.01% |
1,376,081
-91,324
| -6% | -$1.11M |
|
1612
AdvanSix
ASIX
$541M
| $16.2M | 0.01% |
662,707
-34,340
| -5% | -$963K |
|
1613
Caleres
CAL
$431M
| $16.2M | 0.01% |
811,394
-197,776
| -20% | -$4.57M |
|
|
PLAN
1614
DELISTED
Anaplan, Inc.
PLAN
| $16.1M | 0.01% |
319,004
+304,004
| +2,027% | +$12.6M |
|
1615
Winnebago Industries
WGO
$856M
| $16.1M | 0.01% |
415,860
-25,926
| -6% | -$912K |
|
1616
TTM Technologies
TTMI
$12B
| $16.1M | 0.01% |
1,574,709
| – | – |
|
|
INVX
1617
Innovex International
INVX
$1.96B
| $16M | 0.01% |
333,953
| – | – |
|
|
FOE
1618
DELISTED
Ferro Corporation
FOE
| $15.9M | ﹤0.01% |
1,009,321
+73,318
| +8% | +$1.18M |
|
1619
Garrett Motion
GTX
$5.81B
| $15.9M | ﹤0.01% |
1,036,559
+338,696
| +49% | +$5.75M |
|
1620
Stratasys
SSYS
$679M
| $15.9M | ﹤0.01% |
540,463
| – | – |
|
1621
Home BancShares
HOMB
$6.23B
| $15.8M | ﹤0.01% |
821,391
| – | – |
|
1622
Grupo Aval
AVAL
$6.27B
| $15.8M | ﹤0.01% |
1,979,158
-49,720
| -2% | -$379K |
|
|
TRST
1623
Trustco Bank Corp NY
TRST
$970M
| $15.7M | ﹤0.01% |
397,132
| – | – |
|
|
OPI
1624
DELISTED
Office Properties Income Trust
OPI
| $15.7M | ﹤0.01% |
597,855
+40,633
| +7% | +$1.07M |
|
|
MTSC
1625
DELISTED
MTS Systems Corp
MTSC
| $15.6M | ﹤0.01% |
266,756
| – | – |
|
Similar funds
Norges Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Norges Bank held 2,175 positions worth $324B, up 4.5% from $310B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q2 2019 filing shows 49 new, 658 increased, 482 reduced and 69 closed positions. Its largest new stake was Alcon: 10,263,150 shares worth $635M. The largest sale was Ameriprise Financial, an estimated $280M.
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 Q2 2019 buy was Alcon: 10,263,150 shares worth $635M.
- Norges Bank added most to Alexandria Real Estate Equities in Q2 2019, an estimated $488M increase.
- Norges Bank's biggest Q2 2019 reduction was Ameriprise Financial, cutting an estimated $280M.
- Norges Bank fully exited Johnson Controls International in Q2 2019, selling an estimated $235M.
- Norges Bank's ten largest holdings make up 17% of its $324B portfolio in Q2 2019.
- Norges Bank opened 49 new positions and closed 69 in Q2 2019.
- Norges Bank's portfolio value rose 4.5% quarter-over-quarter to $324B.
Based on Norges Bank's 13F filing for Q2 2019, filed 9 Aug 2019.