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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1601
PRA Group
PRAA
$662M
| $15.8M | ﹤0.01% |
467,016
| – | – |
|
1602
Shutterstock
SSTK
$198M
| $15.7M | ﹤0.01% |
434,718
| – | – |
|
|
SASR
1603
DELISTED
Sandy Spring Bancorp Inc
SASR
| $15.7M | ﹤0.01% |
464,329
| – | – |
|
|
DOO
1604
Bombardier Recreational Products
DOO
$4.58B
| $15.6M | ﹤0.01% |
401,259
| – | – |
|
|
ODP
1605
DELISTED
ODP
ODP
| $15.6M | ﹤0.01% |
886,244
-47,170
| -5% | -$813K |
|
1606
Tanger
SKT
$4.71B
| $15.5M | ﹤0.01% |
1,003,779
+60,790
| +6% | +$951K |
|
1607
Editas Medicine
EDIT
$413M
| $15.5M | ﹤0.01% |
682,259
+138,532
| +25% | +$3.43M |
|
1608
CTS Corp
CTS
$1.79B
| $15.5M | ﹤0.01% |
478,083
+23,937
| +5% | +$713K |
|
1609
Groupon
GRPN
$1.06B
| $15.5M | ﹤0.01% |
290,545
| – | – |
|
1610
Primoris Services
PRIM
$4.65B
| $15.4M | ﹤0.01% |
787,555
| – | – |
|
1611
Home BancShares
HOMB
$6.25B
| $15.4M | ﹤0.01% |
821,391
| – | – |
|
|
CSII
1612
DELISTED
Cardiovascular Systems, Inc.
CSII
| $15.4M | ﹤0.01% |
323,110
| – | – |
|
1613
BGC Group
BGC
$5.6B
| $15.3M | ﹤0.01% |
2,780,048
| – | – |
|
1614
Knowles
KN
$3.08B
| $15.3M | ﹤0.01% |
750,754
-57,471
| -7% | -$1.13M |
|
|
MSGN
1615
DELISTED
MSG Networks Inc.
MSGN
| $15.3M | ﹤0.01% |
940,685
| – | – |
|
1616
GrafTech
EAF
$169M
| $15.2M | ﹤0.01% |
118,913
-8,474
| -7% | -$1.01M |
|
1617
Shake Shack
SHAK
$2.54B
| $15.2M | ﹤0.01% |
154,982
| – | – |
|
|
TARO
1618
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $15.2M | ﹤0.01% |
200,961
-23,763
| -11% | -$1.93M |
|
|
AVYA
1619
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $15.1M | ﹤0.01% |
1,476,336
| – | – |
|
1620
O-I Glass
OI
$1.13B
| $15.1M | ﹤0.01% |
1,467,639
| – | – |
|
1621
AZZ Inc
AZZ
$4.36B
| $15.1M | ﹤0.01% |
345,679
-26,414
| -7% | -$1.15M |
|
1622
Conduent
CNDT
$245M
| $15M | ﹤0.01% |
2,408,363
| – | – |
|
1623
Corcept Therapeutics
CORT
$12.7B
| $14.9M | ﹤0.01% |
1,055,507
+182,649
| +21% | +$2.24M |
|
1624
Sturm, Ruger & Co
RGR
$623M
| $14.9M | ﹤0.01% |
356,251
| – | – |
|
|
DCOM
1625
DELISTED
Dime Community Bancshares
DCOM
| $14.9M | ﹤0.01% |
694,580
| – | – |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
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 Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.