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 | |
|---|---|---|---|---|---|---|
1626
Compass Minerals
CMP
$1.23B
| $15.6M | ﹤0.01% |
283,879
| – | – |
|
1627
PagSeguro Digital
PAGS
$2.69B
| $15.6M | ﹤0.01% |
400,079
-1,514,576
| -79% | -$46.9M |
|
1628
Ameris Bancorp
ABCB
$5.85B
| $15.6M | ﹤0.01% |
397,597
+81,538
| +26% | +$2.98M |
|
1629
Republic Bancorp
RBCAA
$1.95B
| $15.6M | ﹤0.01% |
312,840
-4,118
| -1% | -$194K |
|
1630
Scansource
SCSC
$1.15B
| $15.6M | ﹤0.01% |
477,962
| – | – |
|
|
MNK
1631
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $15.5M | ﹤0.01% |
1,684,445
| – | – |
|
1632
Enovis
ENOV
$1.68B
| $15.4M | ﹤0.01% |
319,968
| – | – |
|
1633
Range Resources
RRC
$9.38B
| $15.4M | ﹤0.01% |
2,202,904
| – | – |
|
1634
G-III Apparel Group
GIII
$1.54B
| $15.3M | ﹤0.01% |
521,032
-2,238
| -0.4% | -$76.3K |
|
1635
Interparfums
IPAR
$3.99B
| $15.3M | ﹤0.01% |
229,884
| – | – |
|
1636
Tanger
SKT
$4.67B
| $15.3M | ﹤0.01% |
942,989
+110,049
| +13% | +$1.98M |
|
|
LGF.A
1637
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $15.3M | ﹤0.01% |
1,245,570
| – | – |
|
1638
Acco Brands
ACCO
$389M
| $15.2M | ﹤0.01% |
1,937,596
| – | – |
|
|
VRTU
1639
DELISTED
Virtusa Corporation
VRTU
| $15.2M | ﹤0.01% |
342,838
-45,483
| -12% | -$2.22M |
|
1640
Tennant Co
TNC
$1.43B
| $15.2M | ﹤0.01% |
248,280
+53,839
| +28% | +$3.36M |
|
1641
Theravance Biopharma
TBPH
$874M
| $15.2M | ﹤0.01% |
928,256
+52,083
| +6% | +$1.06M |
|
1642
Patrick Industries
PATK
$2.74B
| $15.1M | ﹤0.01% |
460,326
+18,954
| +4% | +$594K |
|
|
PTLA
1643
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $15M | ﹤0.01% |
554,588
-32,765
| -6% | -$1.03M |
|
|
HTLF
1644
DELISTED
Heartland Financial USA, Inc.
HTLF
| $15M | ﹤0.01% |
336,237
+44,401
| +15% | +$1.96M |
|
1645
Helix Energy Solutions
HLX
$1.4B
| $15M | ﹤0.01% |
1,741,097
+116,414
| +7% | +$906K |
|
1646
Rapid7
RPD
$645M
| $14.9M | ﹤0.01% |
257,269
+137,199
| +114% | +$7.22M |
|
1647
Red Rock Resorts
RRR
$3.77B
| $14.9M | ﹤0.01% |
691,914
| – | – |
|
1648
The Greenbrier Companies
GBX
$1.52B
| $14.8M | ﹤0.01% |
487,020
-56,810
| -10% | -$1.8M |
|
1649
Knowles
KN
$3.13B
| $14.8M | ﹤0.01% |
808,225
| – | – |
|
|
SAIL
1650
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $14.7M | ﹤0.01% |
734,382
-139,535
| -16% | -$3.16M |
|
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.