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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
ACAD icon
1701
Acadia Pharmaceuticals
ACAD
$4.39B
$13.9M ﹤0.01%
671,976
MED icon
1702
Medifast
MED
$108M
$13.9M ﹤0.01%
+62,646
New +$12.7M
RUSHA icon
1703
Rush Enterprises Class A
RUSHA
$6.29B
$13.9M ﹤0.01%
794,428
-344,304
-30% -$6.57M
LSCC icon
1704
Lattice Semiconductor
LSCC
$18B
$13.9M ﹤0.01%
1,734,130
CNR
1705
DELISTED
Cornerstone Building Brands, Inc.
CNR
$13.9M ﹤0.01%
914,700
CTB
1706
DELISTED
Cooper Tire & Rubber Co.
CTB
$13.8M ﹤0.01%
488,741
-101,538
-17% -$2.89M
HMHC
1707
DELISTED
Houghton Mifflin Harcourt Company
HMHC
$13.8M ﹤0.01%
1,972,466
+130,718
+7% +$882K
SJI
1708
DELISTED
South Jersey Industries, Inc.
SJI
$13.8M ﹤0.01%
391,270
+28,169
+8% +$956K
SODA
1709
DELISTED
SodaStream International Ltd
SODA
$13.8M ﹤0.01%
96,298
-9,066
-9% -$1.09M
BV icon
1710
BrightView Holdings
BV
$1.26B
$13.7M ﹤0.01%
856,179
-143,821
-14% -$2.83M
DMC
1711
Del Monte Corp
DMC
$1.43B
$13.7M ﹤0.01%
404,765
+130
+0% +$5.08K
CENTA icon
1712
Central Garden & Pet Co Class A
CENTA
$2.39B
$13.7M ﹤0.01%
516,916
-173,909
-25% -$5.27M
CLVS
1713
DELISTED
Clovis Oncology, Inc.
CLVS
$13.7M ﹤0.01%
464,975
SXI icon
1714
Standex International
SXI
$3.78B
$13.6M ﹤0.01%
130,650
ABM icon
1715
ABM Industries
ABM
$2.86B
$13.6M ﹤0.01%
421,712
+29,061
+7% +$920K
PZZA icon
1716
Papa John's
PZZA
$1.02B
$13.6M ﹤0.01%
264,844
NTRI
1717
DELISTED
NutriSystem, Inc.
NTRI
$13.5M ﹤0.01%
364,901
+180,164
+98% +$6.97M
AD
1718
Array Digital Infrastructure
AD
$3.03B
$13.5M ﹤0.01%
301,521
+30,184
+11% +$1.22M
BILI icon
1719
Bilibili
BILI
$8.05B
$13.5M ﹤0.01%
1,000,000
TSRO
1720
DELISTED
TESARO, Inc.
TSRO
$13.4M ﹤0.01%
343,765
ARR
1721
Armour Residential REIT
ARR
$2.31B
$13.4M ﹤0.01%
119,080
EIGI
1722
DELISTED
Endurance International Group Holdings, Inc.
EIGI
$13.3M ﹤0.01%
1,509,590
+349,102
+30% +$3.32M
MTH icon
1723
Meritage Homes
MTH
$4.71B
$13.3M ﹤0.01%
664,542
HT
1724
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$13.2M ﹤0.01%
584,103
HTZ
1725
DELISTED
Hertz Global Holdings, Inc.
HTZ
$13.2M ﹤0.01%
931,687

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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.