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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
PSMT icon
1726
Pricesmart
PSMT
$5.98B
$13.2M ﹤0.01%
163,180
CJ
1727
DELISTED
C&J Energy Services, Inc.
CJ
$13.2M ﹤0.01%
635,114
HIFR
1728
DELISTED
InfraREIT, Inc.
HIFR
$13.2M ﹤0.01%
624,308
LTRPA
1729
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
$13.2M ﹤0.01%
888,702
+214,577
+32% +$3.4M
MMI icon
1730
Marcus & Millichap
MMI
$1.16B
$13.1M ﹤0.01%
378,781
FSP
1731
Franklin Street Properties
FSP
$47.2M
$13.1M ﹤0.01%
1,644,082
MDGL icon
1732
Madrigal Pharmaceuticals
MDGL
$10.8B
$13.1M ﹤0.01%
+60,954
New +$15.3M
KOS icon
1733
Kosmos Energy
KOS
$1.6B
$13M ﹤0.01%
1,393,270
+1,265,230
+988% +$10.7M
DF
1734
DELISTED
Dean Foods Company
DF
$13M ﹤0.01%
1,829,819
CSFL
1735
DELISTED
CenterState Bank Corporation Common Stock
CSFL
$13M ﹤0.01%
+462,985
New +$13.8M
PATK icon
1736
Patrick Industries
PATK
$2.74B
$13M ﹤0.01%
329,004
+22,761
+7% +$937K
GPRE icon
1737
Green Plains
GPRE
$1.18B
$13M ﹤0.01%
753,416
-169,676
-18% -$2.9M
FFG
1738
DELISTED
FBL Financial Group
FFG
$12.9M ﹤0.01%
171,876
-12,187
-7% -$988K
WIRE
1739
DELISTED
Encore Wire Corp
WIRE
$12.9M ﹤0.01%
257,802
-19,920
-7% -$995K
SUM
1740
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$12.9M ﹤0.01%
722,445
THFF icon
1741
First Financial Corp
THFF
$958M
$12.9M ﹤0.01%
256,839
-34,000
-12% -$1.7M
CSTM icon
1742
Constellium
CSTM
$3.76B
$12.9M ﹤0.01%
1,041,573
-264,615
-20% -$3.09M
HASI icon
1743
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.84B
$12.8M ﹤0.01%
596,654
-200,317
-25% -$4.12M
NX icon
1744
Quanex
NX
$819M
$12.8M ﹤0.01%
703,420
KOP icon
1745
Koppers
KOP
$943M
$12.8M ﹤0.01%
410,188
SPXC icon
1746
SPX Corp
SPXC
$11B
$12.7M ﹤0.01%
381,793
SWBI icon
1747
Smith & Wesson
SWBI
$651M
$12.7M ﹤0.01%
1,065,191
+219,057
+26% +$1.98M
TRQ
1748
DELISTED
Turquoise Hill Resources Ltd
TRQ
$12.7M ﹤0.01%
595,989
SAVE
1749
DELISTED
Spirit Airlines, Inc.
SAVE
$12.7M ﹤0.01%
269,841
CSR
1750
Centerspace
CSR
$921M
$12.6M ﹤0.01%
210,460

Similar funds

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.