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 | |
|---|---|---|---|---|---|---|
|
AVTA
1626
DELISTED
Avantax, Inc. Common Stock
AVTA
| $14.8M | ﹤0.01% |
685,718
-41,038
| -6% | -$1.03M |
|
1627
Herc Holdings
HRI
$4.88B
| $14.8M | ﹤0.01% |
318,963
| – | – |
|
1628
Heron Therapeutics
HRTX
$94.1M
| $14.8M | ﹤0.01% |
801,791
+76,268
| +11% | +$1.4M |
|
1629
Central Garden & Pet Co Class A
CENTA
$2.38B
| $14.8M | ﹤0.01% |
667,884
+29,246
| +5% | +$582K |
|
1630
Grupo Aval
AVAL
$6.11B
| $14.8M | ﹤0.01% |
1,979,158
| – | – |
|
|
HUYA
1631
Huya Inc
HUYA
$570M
| $14.8M | ﹤0.01% |
+624,455
| New | +$14.7M |
|
|
MTSC
1632
DELISTED
MTS Systems Corp
MTSC
| $14.7M | ﹤0.01% |
266,756
| – | – |
|
|
DMC
1633
Del Monte Corp
DMC
$1.41B
| $14.7M | ﹤0.01% |
431,424
-9,416
| -2% | -$267K |
|
1634
BJ's Restaurants
BJRI
$1.56B
| $14.7M | ﹤0.01% |
378,840
| – | – |
|
1635
Green Dot
GDOT
$743M
| $14.7M | ﹤0.01% |
582,756
| – | – |
|
1636
The Greenbrier Companies
GBX
$1.52B
| $14.7M | ﹤0.01% |
487,020
| – | – |
|
1637
Children's Place
PLCE
$54.3M
| $14.7M | ﹤0.01% |
190,422
-36,954
| -16% | -$3.26M |
|
|
CLDR
1638
DELISTED
Cloudera, Inc.
CLDR
| $14.6M | ﹤0.01% |
1,652,354
-266,780
| -14% | -$1.85M |
|
1639
CarGurus
CARG
$3.25B
| $14.6M | ﹤0.01% |
472,772
| – | – |
|
1640
Scansource
SCSC
$1.15B
| $14.6M | ﹤0.01% |
477,962
| – | – |
|
1641
Enphase Energy
ENPH
$4.94B
| $14.6M | ﹤0.01% |
+655,706
| New | +$16.8M |
|
|
HOLI
1642
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $14.5M | ﹤0.01% |
956,787
| – | – |
|
1643
Usana Health Sciences
USNA
$409M
| $14.5M | ﹤0.01% |
212,154
-7,327
| -3% | -$492K |
|
1644
Community Trust Bancorp
CTBI
$1.42B
| $14.5M | ﹤0.01% |
340,669
| – | – |
|
1645
1st Source
SRCE
$2.16B
| $14.4M | ﹤0.01% |
314,073
| – | – |
|
1646
BancFirst
BANF
$3.77B
| $14.3M | ﹤0.01% |
258,855
| – | – |
|
1647
Helix Energy Solutions
HLX
$1.36B
| $14.3M | ﹤0.01% |
1,773,010
+31,913
| +2% | +$258K |
|
|
HTO
1648
H2O America
HTO
$2.59B
| $14.3M | ﹤0.01% |
209,108
| – | – |
|
1649
Atara Biotherapeutics
ATRA
$73.6M
| $14.2M | ﹤0.01% |
40,150
+1,800
| +5% | +$672K |
|
1650
Copa Holdings
CPA
$5.8B
| $14.2M | ﹤0.01% |
143,469
| – | – |
|
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.