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 | |
|---|---|---|---|---|---|---|
|
VNET
1701
VNET Group
VNET
$2.04B
| $12.5M | ﹤0.01% |
1,638,519
+273,972
| +20% | +$2.1M |
|
1702
Gossamer Bio
GOSS
$84.9M
| $12.5M | ﹤0.01% |
742,991
+85,910
| +13% | +$1.71M |
|
1703
Installed Building Products
IBP
$6.15B
| $12.4M | ﹤0.01% |
217,121
| – | – |
|
|
MIME
1704
DELISTED
Mimecast Limited
MIME
| $12.4M | ﹤0.01% |
347,442
| – | – |
|
|
DCH
1705
Dauch Corp
DCH
$1.38B
| $12.3M | ﹤0.01% |
1,498,558
-145,547
| -9% | -$1.32M |
|
|
AIFU
1706
AIFU Inc
AIFU
$213M
| $12.2M | ﹤0.01% |
1,145
+93
| +9% | +$1.13M |
|
|
GTY
1707
Getty Realty Corp
GTY
$2.1B
| $12.1M | ﹤0.01% |
378,620
| – | – |
|
1708
Aaon
AAON
$7.58B
| $12.1M | ﹤0.01% |
394,923
| – | – |
|
|
TVTY
1709
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $12.1M | ﹤0.01% |
725,945
+157,225
| +28% | +$2.72M |
|
1710
NETGEAR
NTGR
$648M
| $12.1M | ﹤0.01% |
374,518
-37,579
| -9% | -$1.18M |
|
|
SRCI
1711
DELISTED
SRC Energy Inc
SRCI
| $12M | ﹤0.01% |
2,574,251
| – | – |
|
|
ECOL
1712
DELISTED
US Ecology, Inc.
ECOL
| $12M | ﹤0.01% |
187,233
-4,069
| -2% | -$251K |
|
|
VAL
1713
DELISTED
Valaris plc Class A Ordinary Share
VAL
| $11.9M | ﹤0.01% |
+2,471,619
| New | +$13.3M |
|
1714
Penske Automotive Group
PAG
$14.3B
| $11.9M | ﹤0.01% |
251,285
+17,200
| +7% | +$778K |
|
1715
TIM SA
TIMB
$9.04B
| $11.8M | ﹤0.01% |
822,696
| – | – |
|
|
GES
1716
DELISTED
Guess Inc
GES
| $11.8M | ﹤0.01% |
635,368
-152,811
| -19% | -$2.54M |
|
|
FBC
1717
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $11.8M | ﹤0.01% |
315,172
+6,053
| +2% | +$213K |
|
1718
DNOW Inc
DNOW
$2.6B
| $11.7M | ﹤0.01% |
1,020,852
+89,711
| +10% | +$1.11M |
|
1719
Kratos Defense & Security Solutions
KTOS
$9.23B
| $11.7M | ﹤0.01% |
+627,275
| New | +$13.2M |
|
|
BPFH
1720
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $11.6M | ﹤0.01% |
997,745
| – | – |
|
1721
Cooper-Standard Automotive
CPS
$538M
| $11.6M | ﹤0.01% |
283,838
-17,335
| -6% | -$725K |
|
1722
Heartland Express
HTLD
$949M
| $11.6M | ﹤0.01% |
538,644
| – | – |
|
1723
Chord Energy
CHRD
$7.84B
| $11.5M | ﹤0.01% |
3,332,893
| – | – |
|
|
LGF.A
1724
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $11.5M | ﹤0.01% |
1,245,570
| – | – |
|
1725
Stratasys
SSYS
$706M
| $11.5M | ﹤0.01% |
540,463
| – | – |
|
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.