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
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1651
Caesarstone
CSTE
$71.6M
| $12.9M | ﹤0.01% |
656,454
| – | – |
|
1652
Coeur Mining
CDE
$15.9B
| $12.9M | ﹤0.01% |
1,607,058
| – | – |
|
1653
Global Net Lease
GNL
$1.86B
| $12.9M | ﹤0.01% |
761,425
+82,813
| +12% | +$1.46M |
|
|
WPG
1654
DELISTED
Washington Prime Group Inc.
WPG
| $12.8M | ﹤0.01% |
213,911
-33,504
| -14% | -$1.96M |
|
1655
AnaptysBio
ANAB
$1.63B
| $12.8M | ﹤0.01% |
+123,200
| New | +$13.9M |
|
|
WBT
1656
DELISTED
Welbilt, Inc.
WBT
| $12.8M | ﹤0.01% |
659,200
| – | – |
|
|
HMHC
1657
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $12.8M | ﹤0.01% |
1,841,748
-620,169
| -25% | -$4.9M |
|
1658
Hyster-Yale Materials Handling
HY
$600M
| $12.8M | ﹤0.01% |
182,909
-511
| -0.3% | -$40.4K |
|
|
IMMU
1659
DELISTED
Immunomedics Inc
IMMU
| $12.8M | ﹤0.01% |
+874,199
| New | +$14.3M |
|
|
MYOV
1660
DELISTED
Myovant Sciences Ltd.
MYOV
| $12.8M | ﹤0.01% |
600,000
| – | – |
|
1661
Pacira BioSciences
PCRX
$1.06B
| $12.8M | ﹤0.01% |
409,566
+49,498
| +14% | +$1.76M |
|
1662
Ethan Allen Interiors
ETD
$583M
| $12.7M | ﹤0.01% |
553,430
+143,176
| +35% | +$3.61M |
|
|
VRTV
1663
DELISTED
VERITIV CORPORATION
VRTV
| $12.7M | ﹤0.01% |
323,602
-110,297
| -25% | -$3.35M |
|
1664
Pricesmart
PSMT
$5.94B
| $12.7M | ﹤0.01% |
151,600
+55,588
| +58% | +$4.57M |
|
1665
Clearwater Paper
CLW
$341M
| $12.5M | ﹤0.01% |
320,627
+19,820
| +7% | +$824K |
|
|
SPN
1666
DELISTED
Superior Energy Services, Inc.
SPN
| $12.5M | ﹤0.01% |
148,368
-90,821
| -38% | -$8.95M |
|
|
FFG
1667
DELISTED
FBL Financial Group
FFG
| $12.5M | ﹤0.01% |
180,298
+1,000
| +0.6% | +$70.3K |
|
1668
ATN International
ATNI
$361M
| $12.5M | ﹤0.01% |
209,588
| – | – |
|
1669
FerroAtlántica
GSM
$600M
| $12.4M | ﹤0.01% |
1,155,807
+99,300
| +9% | +$1.51M |
|
1670
CTS Corp
CTS
$1.79B
| $12.4M | ﹤0.01% |
454,146
| – | – |
|
|
FNSR
1671
DELISTED
Finisar Corp
FNSR
| $12.3M | ﹤0.01% |
777,409
-74,608
| -9% | -$1.41M |
|
1672
Quanex
NX
$818M
| $12.2M | ﹤0.01% |
703,420
+87,933
| +14% | +$1.71M |
|
1673
WSFS Financial
WSFS
$4.1B
| $12.2M | ﹤0.01% |
254,568
+2,000
| +0.8% | +$98.9K |
|
1674
Cal-Maine
CALM
$4.13B
| $12.2M | ﹤0.01% |
278,307
+208,566
| +299% | +$9.05M |
|
1675
Republic Bancorp
RBCAA
$1.93B
| $12.1M | ﹤0.01% |
316,958
-2,801
| -0.9% | -$109K |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.