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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
INVX
1651
Innovex International
INVX
$1.96B
| $15.3M | ﹤0.01% |
333,953
| – | – |
|
1652
AZZ Inc
AZZ
$4.35B
| $15.2M | ﹤0.01% |
372,093
| – | – |
|
1653
National Vision
EYE
$1.77B
| $15.2M | ﹤0.01% |
483,497
| – | – |
|
|
HTZ
1654
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $15.2M | ﹤0.01% |
1,006,721
+75,034
| +8% | +$1.09M |
|
|
KRA
1655
DELISTED
Kraton Corporation
KRA
| $15.2M | ﹤0.01% |
471,654
| – | – |
|
1656
ESCO Technologies
ESE
$8.17B
| $15M | ﹤0.01% |
223,619
| – | – |
|
|
ARR
1657
Armour Residential REIT
ARR
$2.33B
| $14.9M | ﹤0.01% |
152,556
+33,476
| +28% | +$3.43M |
|
1658
Kosmos Energy
KOS
$1.6B
| $14.8M | ﹤0.01% |
2,382,894
+343,750
| +17% | +$1.91M |
|
|
CBM
1659
DELISTED
Cambrex Corporation
CBM
| $14.8M | ﹤0.01% |
381,681
+47,182
| +14% | +$1.93M |
|
1660
News Corp Class B
NWS
$16.9B
| $14.8M | ﹤0.01% |
1,182,989
| – | – |
|
1661
BGC Group
BGC
$5.52B
| $14.8M | ﹤0.01% |
2,780,048
| – | – |
|
1662
Rush Enterprises Class A
RUSHA
$6.2B
| $14.8M | ﹤0.01% |
794,428
| – | – |
|
1663
JELD-WEN Holding
JELD
$122M
| $14.7M | ﹤0.01% |
831,326
+57,870
| +7% | +$1.04M |
|
|
TIVO
1664
DELISTED
Tivo Inc
TIVO
| $14.7M | ﹤0.01% |
1,572,263
| – | – |
|
1665
Tronox
TROX
$932M
| $14.6M | ﹤0.01% |
1,111,854
| – | – |
|
1666
NETGEAR
NTGR
$648M
| $14.6M | ﹤0.01% |
440,998
| – | – |
|
|
FIT
1667
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $14.6M | ﹤0.01% |
2,461,043
+337,461
| +16% | +$2.05M |
|
1668
ProPetro Holding
PUMP
$1.36B
| $14.5M | ﹤0.01% |
644,555
+114,632
| +22% | +$2.05M |
|
|
MTSC
1669
DELISTED
MTS Systems Corp
MTSC
| $14.5M | ﹤0.01% |
266,756
-24,850
| -9% | -$1.26M |
|
|
SASR
1670
DELISTED
Sandy Spring Bancorp Inc
SASR
| $14.5M | ﹤0.01% |
464,329
| – | – |
|
|
NOAH
1671
Noah Holdings
NOAH
$580M
| $14.5M | ﹤0.01% |
299,514
-57,438
| -16% | -$2.79M |
|
1672
Home BancShares
HOMB
$6.23B
| $14.4M | ﹤0.01% |
821,391
| – | – |
|
|
MINI
1673
DELISTED
Mobile Mini Inc
MINI
| $14.4M | ﹤0.01% |
424,329
+28,727
| +7% | +$1.02M |
|
|
LTRPA
1674
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $14.3M | ﹤0.01% |
1,011,099
+122,397
| +14% | +$1.93M |
|
1675
Upbound Group
UPBD
$1.13B
| $14.3M | ﹤0.01% |
685,867
+222,224
| +48% | +$4.1M |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.