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
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
SPX Corp
SPXC
$10.8B
| $11.4M | ﹤0.01% |
351,005
| – | – |
|
|
ZEN
1702
DELISTED
ZENDESK INC
ZEN
| $11.4M | ﹤0.01% |
238,051
+221,084
| +1,303% | +$9.17M |
|
|
QCP
1703
DELISTED
Quality Care Properties, Inc.
QCP
| $11.3M | ﹤0.01% |
579,001
-77,760
| -12% | -$1.16M |
|
1704
Box
BOX
$4.4B
| $11.2M | ﹤0.01% |
+547,401
| New | +$11.8M |
|
|
CLDR
1705
DELISTED
Cloudera, Inc.
CLDR
| $11.2M | ﹤0.01% |
+520,556
| New | +$9.77M |
|
1706
Kearny Financial
KRNY
$613M
| $11.2M | ﹤0.01% |
859,923
-211,397
| -20% | -$2.86M |
|
1707
Repligen
RGEN
$8.45B
| $11.2M | ﹤0.01% |
308,951
-200,546
| -39% | -$7.05M |
|
1708
Community Bank
CBU
$3.51B
| $11.2M | ﹤0.01% |
208,424
+65,783
| +46% | +$3.58M |
|
|
BFS
1709
Saul Centers
BFS
$838M
| $11.1M | ﹤0.01% |
218,039
| – | – |
|
|
TRK
1710
DELISTED
Speedway Motorsports, Inc.
TRK
| $11.1M | ﹤0.01% |
622,421
-20,094
| -3% | -$388K |
|
1711
Washington Trust Bancorp
WASH
$761M
| $11.1M | ﹤0.01% |
206,127
-14,700
| -7% | -$797K |
|
1712
LiveRamp
RAMP
$2.3B
| $11.1M | ﹤0.01% |
487,742
| – | – |
|
|
SLCA
1713
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $11.1M | ﹤0.01% |
433,192
+161,100
| +59% | +$4.94M |
|
|
PPBI
1714
DELISTED
Pacific Premier Bancorp
PPBI
| $11M | ﹤0.01% |
+273,602
| New | +$11.4M |
|
1715
Liberty Latin America Class A
LILA
$1.69B
| $11M | ﹤0.01% |
881,021
-625
| -0.1% | -$8.66K |
|
1716
Bank of N.T. Butterfield & Son
NTB
$2.46B
| $10.9M | ﹤0.01% |
+242,217
| New | +$10.3M |
|
|
SNR
1717
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $10.9M | ﹤0.01% |
1,328,097
| – | – |
|
1718
Patrick Industries
PATK
$2.88B
| $10.9M | ﹤0.01% |
263,382
+232,539
| +754% | +$10M |
|
|
KRA
1719
DELISTED
Kraton Corporation
KRA
| $10.9M | ﹤0.01% |
227,539
+34,858
| +18% | +$1.69M |
|
1720
Atlanta Braves Holdings Series B
BATRK
$3.28B
| $10.8M | ﹤0.01% |
471,369
-83,368
| -15% | -$1.93M |
|
1721
NovaGold Resources
NG
$2.78B
| $10.7M | ﹤0.01% |
2,480,684
+251,889
| +11% | +$1.01M |
|
1722
Capitol Federal Financial
CFFN
$1.13B
| $10.7M | ﹤0.01% |
864,925
+1,825
| +0.2% | +$23.7K |
|
|
PDS
1723
Precision Drilling
PDS
$979M
| $10.6M | ﹤0.01% |
191,263
+39,299
| +26% | +$2.58M |
|
1724
Lattice Semiconductor
LSCC
$19.6B
| $10.6M | ﹤0.01% |
1,899,967
+189,057
| +11% | +$1.15M |
|
|
NVMI
1725
Nova
NVMI
$13.2B
| $10.6M | ﹤0.01% |
393,461
| – | – |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.