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 | |
|---|---|---|---|---|---|---|
1651
BancFirst
BANF
$3.79B
| $15.5M | 0.01% |
258,855
-16,515
| -6% | -$1.03M |
|
1652
Winnebago Industries
WGO
$856M
| $15.4M | 0.01% |
465,180
-30,973
| -6% | -$1.2M |
|
|
MNDT
1653
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $15.3M | 0.01% |
902,671
| – | – |
|
1654
Caesars Entertainment
CZR
$6.06B
| $15.3M | 0.01% |
315,646
+70,588
| +29% | +$3.2M |
|
1655
American States Water
AWR
$3.36B
| $15.3M | 0.01% |
249,875
-30,528
| -11% | -$1.83M |
|
|
STL
1656
DELISTED
Sterling Bancorp
STL
| $15.2M | ﹤0.01% |
691,853
+41,929
| +6% | +$955K |
|
1657
Towne Bank
TOWN
$3.46B
| $15.2M | ﹤0.01% |
492,221
-46,472
| -9% | -$1.5M |
|
1658
Adeia
ADEA
$2.94B
| $15.2M | ﹤0.01% |
3,864,887
| – | – |
|
1659
SSR Mining
SSRM
$5.32B
| $15.2M | ﹤0.01% |
1,741,141
| – | – |
|
|
ECOL
1660
DELISTED
US Ecology, Inc.
ECOL
| $15.2M | ﹤0.01% |
205,466
+15,515
| +8% | +$1.09M |
|
|
VSTO
1661
DELISTED
Vista Outdoor Inc.
VSTO
| $15.1M | ﹤0.01% |
846,684
+54,495
| +7% | +$935K |
|
1662
B2Gold
BTG
$5B
| $15.1M | ﹤0.01% |
6,657,385
| – | – |
|
1663
Novanta
NOVT
$5.08B
| $15.1M | ﹤0.01% |
220,856
| – | – |
|
|
MINI
1664
DELISTED
Mobile Mini Inc
MINI
| $15.1M | ﹤0.01% |
344,261
+84,695
| +33% | +$3.76M |
|
|
VRTV
1665
DELISTED
VERITIV CORPORATION
VRTV
| $15.1M | ﹤0.01% |
413,602
+90,000
| +28% | +$3.86M |
|
1666
Cerus
CERS
$433M
| $15M | ﹤0.01% |
2,084,225
+398,820
| +24% | +$2.9M |
|
1667
Lithia Motors
LAD
$8.47B
| $15M | ﹤0.01% |
183,692
+11,872
| +7% | +$1.05M |
|
1668
Forrester Research
FORR
$223M
| $15M | ﹤0.01% |
326,476
-10,000
| -3% | -$460K |
|
|
FOE
1669
DELISTED
Ferro Corporation
FOE
| $15M | ﹤0.01% |
644,840
| – | – |
|
1670
SolarEdge
SEDG
$2.51B
| $15M | ﹤0.01% |
397,477
| – | – |
|
1671
Donnelley Financial Solutions
DFIN
$1.16B
| $14.9M | ﹤0.01% |
829,831
| – | – |
|
|
FNSR
1672
DELISTED
Finisar Corp
FNSR
| $14.8M | ﹤0.01% |
777,409
| – | – |
|
|
AMWD
1673
DELISTED
American Woodmark
AMWD
| $14.8M | ﹤0.01% |
188,742
-11,887
| -6% | -$1.02M |
|
|
DOO
1674
Bombardier Recreational Products
DOO
$4.54B
| $14.8M | ﹤0.01% |
+315,770
| New | +$14.7M |
|
1675
Tennant Co
TNC
$1.43B
| $14.8M | ﹤0.01% |
194,441
+13,333
| +7% | +$1.03M |
|
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.