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 | |
|---|---|---|---|---|---|---|
1651
Varonis Systems
VRNS
$4.67B
| $14.1M | ﹤0.01% |
710,046
| – | – |
|
1652
Antero Resources
AR
$10.9B
| $14.1M | ﹤0.01% |
4,654,737
+360,000
| +8% | +$1.47M |
|
1653
Red Rock Resorts
RRR
$3.84B
| $14.1M | ﹤0.01% |
691,914
| – | – |
|
|
EGRX
1654
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $14M | ﹤0.01% |
248,179
| – | – |
|
|
NTUS
1655
DELISTED
Natus Medical Inc
NTUS
| $14M | ﹤0.01% |
440,525
+23,647
| +6% | +$689K |
|
1656
Piper Sandler
PIPR
$4.99B
| $14M | ﹤0.01% |
742,260
| – | – |
|
|
MRC
1657
DELISTED
MRC Global
MRC
| $13.9M | ﹤0.01% |
1,148,098
+39,962
| +4% | +$564K |
|
|
VRTU
1658
DELISTED
Virtusa Corporation
VRTU
| $13.9M | ﹤0.01% |
385,353
+42,515
| +12% | +$1.71M |
|
|
CATM
1659
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $13.9M | ﹤0.01% |
458,891
-46,164
| -9% | -$1.36M |
|
1660
Papa John's
PZZA
$1.01B
| $13.9M | ﹤0.01% |
264,844
| – | – |
|
1661
FormFactor
FORM
$6.51B
| $13.8M | ﹤0.01% |
740,584
| – | – |
|
1662
Arrowhead Research
ARWR
$12.1B
| $13.7M | ﹤0.01% |
+486,682
| New | +$14.4M |
|
1663
Towne Bank
TOWN
$3.54B
| $13.7M | ﹤0.01% |
492,221
| – | – |
|
1664
LendingTree
TREE
$551M
| $13.7M | ﹤0.01% |
44,088
-9,617
| -18% | -$3.28M |
|
|
BRKL
1665
DELISTED
Brookline Bancorp
BRKL
| $13.6M | ﹤0.01% |
924,888
| – | – |
|
1666
Republic Bancorp
RBCAA
$1.96B
| $13.6M | ﹤0.01% |
312,840
| – | – |
|
|
TWOU
1667
DELISTED
2U Inc
TWOU
| $13.6M | ﹤0.01% |
27,744
+16,108
| +138% | +$11.6M |
|
1668
Orion
OEC
$403M
| $13.5M | ﹤0.01% |
810,309
| – | – |
|
|
TIVO
1669
DELISTED
Tivo Inc
TIVO
| $13.5M | ﹤0.01% |
1,774,269
+202,006
| +13% | +$1.54M |
|
1670
SM Energy
SM
$7.6B
| $13.5M | ﹤0.01% |
1,392,630
| – | – |
|
1671
Rush Enterprises Class A
RUSHA
$6.34B
| $13.4M | ﹤0.01% |
784,343
-63,414
| -7% | -$1.06M |
|
1672
Marcus & Millichap
MMI
$1.2B
| $13.4M | ﹤0.01% |
378,781
| – | – |
|
|
NVMI
1673
Nova
NVMI
$11.7B
| $13.4M | ﹤0.01% |
415,182
| – | – |
|
1674
Matthews International
MATW
$887M
| $13.4M | ﹤0.01% |
379,201
| – | – |
|
1675
Regenxbio
RGNX
$616M
| $13.3M | ﹤0.01% |
372,310
+37,041
| +11% | +$1.5M |
|
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.