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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.03%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$308B
AUM Growth
+$16.6B
Cap. Flow
+$44.1M
Cap. Flow %
0.01%
Top 10 Hldgs %
17.3%
Holding
2,209
New
74
Increased
715
Reduced
609
Closed
67

Top Sells

Rank Stock Value
1
GGP
GGP Inc.
GGP
+$606M
2
WFC icon
Wells Fargo
WFC
+$206M
3
ORCL icon
Oracle
ORCL
+$200M
4
UBS icon
UBS Group
UBS
+$185M
5
BRK.A icon
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
BKE icon
1676
Buckle
BKE
$2.25B
$14.7M ﹤0.01%
638,580
-35,778
-5% -$881K
WFT
1677
DELISTED
Weatherford International plc
WFT
$14.7M ﹤0.01%
5,424,901
+1,530,497
+39% +$4.49M
BMCH
1678
DELISTED
BMC Stock Holdings, Inc
BMCH
$14.7M ﹤0.01%
786,287
+95,393
+14% +$2.07M
HTLF
1679
DELISTED
Heartland Financial USA, Inc.
HTLF
$14.7M ﹤0.01%
252,466
+17,316
+7% +$1.03M
DORM icon
1680
Dorman Products
DORM
$3.98B
$14.7M ﹤0.01%
190,447
INVA icon
1681
Innoviva
INVA
$1.55B
$14.6M ﹤0.01%
960,006
RBCAA icon
1682
Republic Bancorp
RBCAA
$1.95B
$14.6M ﹤0.01%
316,958
ITG
1683
DELISTED
Investment Technology Group Inc
ITG
$14.6M ﹤0.01%
672,335
FFIC
1684
DELISTED
Flushing Financial
FFIC
$14.5M ﹤0.01%
593,865
ATNI icon
1685
ATN International
ATNI
$366M
$14.5M ﹤0.01%
195,933
-13,655
-7% -$915K
SPN
1686
DELISTED
Superior Energy Services, Inc.
SPN
$14.5M ﹤0.01%
148,368
HRTX icon
1687
Heron Therapeutics
HRTX
$93.9M
$14.4M ﹤0.01%
456,439
+406,439
+813% +$15.1M
AMKR icon
1688
Amkor Technology
AMKR
$12.4B
$14.4M ﹤0.01%
1,951,162
FORM icon
1689
FormFactor
FORM
$8.28B
$14.4M ﹤0.01%
1,046,512
MAXR
1690
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
$14.4M ﹤0.01%
435,777
+7,500
+2% +$309K
BRKL
1691
DELISTED
Brookline Bancorp
BRKL
$14.3M ﹤0.01%
857,819
IBTX
1692
DELISTED
Independent Bank Group, Inc.
IBTX
$14.3M ﹤0.01%
216,063
BGG
1693
DELISTED
Briggs & Stratton Corp.
BGG
$14.2M ﹤0.01%
739,499
-183,627
-20% -$3.47M
ESE icon
1694
ESCO Technologies
ESE
$8.17B
$14.2M ﹤0.01%
208,459
+29,830
+17% +$1.93M
PIPR icon
1695
Piper Sandler
PIPR
$5.12B
$14.2M ﹤0.01%
742,260
GOV
1696
DELISTED
Government Properties Income Trust
GOV
$14.2M ﹤0.01%
1,254,399
INSM icon
1697
Insmed
INSM
$21.4B
$14.1M ﹤0.01%
699,455
DCOM
1698
DELISTED
Dime Community Bancshares
DCOM
$14.1M ﹤0.01%
791,227
FN icon
1699
Fabrinet
FN
$15.6B
$14.1M ﹤0.01%
303,921
+201,832
+198% +$8.67M
WPG
1700
DELISTED
Washington Prime Group Inc.
WPG
$14.1M ﹤0.01%
213,911

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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.