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 | |
|---|---|---|---|---|---|---|
1626
Group 1 Automotive
GPI
$3.21B
| $16.3M | 0.01% |
258,215
-39,989
| -13% | -$2.73M |
|
|
BGG
1627
DELISTED
Briggs & Stratton Corp.
BGG
| $16.3M | 0.01% |
923,126
+12,374
| +1% | +$235K |
|
1628
Lithia Motors
LAD
$7.58B
| $16.2M | 0.01% |
171,820
| – | – |
|
|
COUP
1629
DELISTED
Coupa Software Incorporated
COUP
| $16.2M | 0.01% |
259,733
+124,879
| +93% | +$6.64M |
|
|
CYS
1630
DELISTED
CYS Investments Inc.
CYS
| $16.2M | 0.01% |
2,154,799
| – | – |
|
|
SWCH
1631
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $16.1M | 0.01% |
1,322,629
+354,693
| +37% | +$4.85M |
|
1632
Kelly Services Class A
KELYA
$567M
| $16.1M | 0.01% |
716,389
| – | – |
|
1633
American States Water
AWR
$3.43B
| $16M | 0.01% |
280,403
+109,412
| +64% | +$6.07M |
|
|
IMPV
1634
DELISTED
Imperva, Inc.
IMPV
| $16M | 0.01% |
331,251
+233,773
| +240% | +$11.2M |
|
|
BRKL
1635
DELISTED
Brookline Bancorp
BRKL
| $16M | 0.01% |
857,819
| – | – |
|
1636
Globant
GLOB
$1.68B
| $15.9M | 0.01% |
279,843
+224,431
| +405% | +$11.2M |
|
|
SLCA
1637
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $15.9M | 0.01% |
618,003
+184,811
| +43% | +$5.41M |
|
|
EXPR
1638
DELISTED
Express, Inc.
EXPR
| $15.8M | 0.01% |
86,235
-14,393
| -14% | -$2.5M |
|
|
GHDX
1639
DELISTED
Genomic Health, Inc.
GHDX
| $15.8M | 0.01% |
312,834
+21,200
| +7% | +$841K |
|
|
ICPT
1640
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $15.8M | 0.01% |
187,769
+153,504
| +448% | +$11.2M |
|
1641
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.7B
| $15.7M | 0.01% |
+796,971
| New | +$15.1M |
|
1642
Koppers
KOP
$885M
| $15.7M | 0.01% |
410,188
-25,284
| -6% | -$1.05M |
|
|
BBT
1643
Beacon Financial Corp
BBT
$2.62B
| $15.7M | 0.01% |
386,502
+178,131
| +85% | +$7.05M |
|
1644
Monro
MNRO
$391M
| $15.6M | 0.01% |
269,139
+27,872
| +12% | +$1.57M |
|
1645
O-I Glass
OI
$967M
| $15.6M | 0.01% |
929,311
-580,105
| -38% | -$11.2M |
|
|
WPG
1646
DELISTED
Washington Prime Group Inc.
WPG
| $15.6M | 0.01% |
213,911
| – | – |
|
1647
New Jersey Resources
NJR
$5.45B
| $15.6M | 0.01% |
347,593
+139,298
| +67% | +$5.88M |
|
|
CTB
1648
DELISTED
Cooper Tire & Rubber Co.
CTB
| $15.5M | 0.01% |
590,279
+54,290
| +10% | +$1.46M |
|
|
FFIC
1649
DELISTED
Flushing Financial
FFIC
| $15.5M | 0.01% |
593,865
-2,894
| -0.5% | -$77.5K |
|
|
PDS
1650
Precision Drilling
PDS
$1.12B
| $15.5M | 0.01% |
234,101
+42,838
| +22% | +$2.88M |
|
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.