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 | |
|---|---|---|---|---|---|---|
|
ONCE
1651
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $15.5M | 0.01% |
186,748
+12,347
| +7% | +$953K |
|
1652
Compass Minerals
CMP
$1B
| $15.4M | 0.01% |
234,742
| – | – |
|
|
DCOM
1653
DELISTED
Dime Community Bancshares
DCOM
| $15.4M | 0.01% |
791,227
| – | – |
|
1654
Enovis
ENOV
$1.03B
| $15.4M | 0.01% |
291,728
| – | – |
|
|
ALX
1655
Alexander's
ALX
$1.25B
| $15.4M | 0.01% |
40,173
| – | – |
|
|
PDCO
1656
DELISTED
Patterson Companies, Inc.
PDCO
| $15.3M | 0.01% |
676,434
+364,681
| +117% | +$8.21M |
|
|
TSRO
1657
DELISTED
TESARO, Inc.
TSRO
| $15.3M | 0.01% |
343,765
-18,032
| -5% | -$876K |
|
|
STL
1658
DELISTED
Sterling Bancorp
STL
| $15.3M | 0.01% |
649,924
+39,682
| +7% | +$946K |
|
1659
8x8 Inc
EGHT
$264M
| $15M | 0.01% |
749,452
+199,280
| +36% | +$3.97M |
|
1660
AMC Entertainment Holdings
AMC
$2.28B
| $15M | 0.01% |
94,410
| – | – |
|
|
OCLR
1661
DELISTED
Oclaro Inc.
OCLR
| $15M | 0.01% |
1,680,047
+183,208
| +12% | +$1.6M |
|
1662
LendingTree
TREE
$376M
| $15M | 0.01% |
70,141
-26,752
| -28% | -$7.42M |
|
|
CJ
1663
DELISTED
C&J Energy Services, Inc.
CJ
| $15M | 0.01% |
635,114
-40,984
| -6% | -$1.13M |
|
1664
Matador Resources
MTDR
$7.82B
| $15M | 0.01% |
498,774
+175,890
| +54% | +$5.31M |
|
|
INVX
1665
Innovex International
INVX
$2.09B
| $15M | 0.01% |
291,329
-148,348
| -34% | -$6.91M |
|
1666
Regis Corp
RGS
$69.8M
| $15M | 0.01% |
45,254
-3,117
| -6% | -$1.02M |
|
1667
AutoNation
AN
$6.73B
| $14.8M | 0.01% |
304,640
+234,933
| +337% | +$11.1M |
|
1668
Virtus Investment Partners
VRTS
$913M
| $14.8M | 0.01% |
115,661
-19,400
| -14% | -$2.4M |
|
1669
Marcus & Millichap
MMI
$1.17B
| $14.8M | 0.01% |
378,781
| – | – |
|
1670
Pricesmart
PSMT
$5.18B
| $14.8M | 0.01% |
163,180
+11,580
| +8% | +$1.01M |
|
1671
Adtran
ADTN
$577M
| $14.8M | 0.01% |
994,369
-77,696
| -7% | -$1.16M |
|
|
WBT
1672
DELISTED
Welbilt, Inc.
WBT
| $14.7M | 0.01% |
659,200
| – | – |
|
1673
Atlanta Braves Holdings Series A
BATRA
$3.59B
| $14.6M | 0.01% |
569,036
| – | – |
|
|
KND
1674
DELISTED
Kindred Healthcare
KND
| $14.6M | 0.01% |
1,625,289
| – | – |
|
1675
LiveRamp
RAMP
$2.29B
| $14.6M | 0.01% |
487,742
| – | – |
|
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.