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 | |
|---|---|---|---|---|---|---|
1626
Herc Holdings
HRI
$5.02B
| $16.3M | 0.01% |
318,963
| – | – |
|
1627
Copa Holdings
CPA
$5.76B
| $16.2M | 0.01% |
203,057
-26,197
| -11% | -$2.29M |
|
|
ACH
1628
Accendra Health
ACH
$237M
| $16.2M | 0.01% |
980,726
+183,120
| +23% | +$3.11M |
|
|
CVGW
1629
DELISTED
Calavo Growers
CVGW
| $16.2M | 0.01% |
167,624
+115,446
| +221% | +$11.4M |
|
|
CBM
1630
DELISTED
Cambrex Corporation
CBM
| $16.2M | 0.01% |
236,359
-78,713
| -25% | -$4.87M |
|
|
INVX
1631
Innovex International
INVX
$1.96B
| $16.1M | 0.01% |
309,028
+17,699
| +6% | +$923K |
|
1632
LendingTree
TREE
$447M
| $16.1M | 0.01% |
70,141
| – | – |
|
|
AEGN
1633
DELISTED
Aegion Corp
AEGN
| $16.1M | 0.01% |
635,036
-41,271
| -6% | -$1.03M |
|
|
EXTN
1634
DELISTED
Exterran Corporation
EXTN
| $16.1M | 0.01% |
607,379
-171,109
| -22% | -$4.59M |
|
1635
Dine Brands
DIN
$456M
| $16.1M | 0.01% |
197,887
+54,914
| +38% | +$4.26M |
|
1636
News Corp Class B
NWS
$16.9B
| $16.1M | 0.01% |
1,182,989
-355,120
| -23% | -$5.11M |
|
1637
Helix Energy Solutions
HLX
$1.4B
| $16.1M | 0.01% |
1,624,683
| – | – |
|
|
OCLR
1638
DELISTED
Oclaro Inc.
OCLR
| $16M | 0.01% |
1,794,333
+114,286
| +7% | +$1.04M |
|
1639
Interactive Brokers
IBKR
$39.2B
| $16M | 0.01% |
1,155,416
| – | – |
|
1640
AstraZeneca
AZN
$263B
| $16M | 0.01% |
201,563
+51,177
| +34% | +$3.87M |
|
1641
National CineMedia
NCMI
$376M
| $15.9M | 0.01% |
149,930
+23,268
| +18% | +$2.07M |
|
1642
Pitney Bowes
PBI
$2.4B
| $15.8M | 0.01% |
2,230,002
+111,111
| +5% | +$897K |
|
1643
Astec Industries
ASTE
$1.16B
| $15.8M | 0.01% |
312,992
+28,459
| +10% | +$1.47M |
|
|
PRO
1644
DELISTED
PROS Holdings
PRO
| $15.8M | 0.01% |
449,752
+148,764
| +49% | +$5.59M |
|
|
BBT
1645
Beacon Financial Corp
BBT
$2.66B
| $15.7M | 0.01% |
386,903
+401
| +0.1% | +$16.7K |
|
|
PTLA
1646
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $15.6M | 0.01% |
587,353
+36,832
| +7% | +$1.2M |
|
1647
CTS Corp
CTS
$1.83B
| $15.6M | 0.01% |
454,146
| – | – |
|
1648
New York Times
NYT
$12.1B
| $15.6M | 0.01% |
671,818
| – | – |
|
1649
Atlanta Braves Holdings Series A
BATRA
$3.49B
| $15.5M | 0.01% |
569,036
| – | – |
|
1650
Grupo Aval
AVAL
$6.27B
| $15.5M | 0.01% |
+2,000,000
| New | +$15.8M |
|
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.