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 | |
|---|---|---|---|---|---|---|
|
ESPR
1726
DELISTED
Esperion Therapeutics
ESPR
| $11.5M | ﹤0.01% |
313,569
+12,612
| +4% | +$500K |
|
1727
Medifast
MED
$107M
| $11.5M | ﹤0.01% |
110,847
-34,775
| -24% | -$3.74M |
|
|
CKH
1728
DELISTED
Seacor Holdings Inc.
CKH
| $11.4M | ﹤0.01% |
242,992
+43,919
| +22% | +$2.08M |
|
|
ALX
1729
Alexander's
ALX
$1.36B
| $11.4M | ﹤0.01% |
32,812
| – | – |
|
|
CUB
1730
DELISTED
Cubic Corporation
CUB
| $11.4M | ﹤0.01% |
162,278
-16,125
| -9% | -$1.1M |
|
|
BRFS
1731
DELISTED
BRF SA
BRFS
| $11.4M | ﹤0.01% |
1,243,370
| – | – |
|
1732
Upwork
UPWK
$1.18B
| $11.4M | ﹤0.01% |
853,640
+348,794
| +69% | +$5.32M |
|
1733
Dycom Industries
DY
$11.2B
| $11.3M | ﹤0.01% |
222,094
-17,855
| -7% | -$901K |
|
1734
LGI Homes
LGIH
$1.35B
| $11.3M | ﹤0.01% |
135,090
| – | – |
|
1735
Dorman Products
DORM
$4.22B
| $11.2M | ﹤0.01% |
141,171
-124,794
| -47% | -$9.68M |
|
1736
SPS Commerce
SPSC
$2.55B
| $11.2M | ﹤0.01% |
+237,362
| New | +$12M |
|
1737
Inspire Medical Systems
INSP
$1.47B
| $11.1M | ﹤0.01% |
182,181
+43,140
| +31% | +$2.84M |
|
1738
Ambarella
AMBA
$3.04B
| $11.1M | ﹤0.01% |
176,257
| – | – |
|
1739
Iovance Biotherapeutics
IOVA
$2.04B
| $11.1M | ﹤0.01% |
607,429
+587,429
| +2,937% | +$13M |
|
1740
Cemex
CX
$16.9B
| $11M | ﹤0.01% |
2,811,958
| – | – |
|
|
MNTV
1741
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $11M | ﹤0.01% |
+643,792
| New | +$11.2M |
|
|
AD
1742
Array Digital Infrastructure
AD
$3.04B
| $10.9M | ﹤0.01% |
290,254
-11,267
| -4% | -$455K |
|
1743
Scorpio Tankers
STNG
$3.91B
| $10.9M | ﹤0.01% |
366,155
-35,310
| -9% | -$972K |
|
1744
PagSeguro Digital
PAGS
$2.67B
| $10.9M | ﹤0.01% |
234,760
-165,319
| -41% | -$7.68M |
|
1745
Alamos Gold
AGI
$12B
| $10.9M | ﹤0.01% |
1,869,087
+53,960
| +3% | +$361K |
|
|
RDUS
1746
DELISTED
Radius Health, Inc.
RDUS
| $10.9M | ﹤0.01% |
422,089
+176,039
| +72% | +$4.31M |
|
1747
The RMR Group
RMR
$335M
| $10.8M | ﹤0.01% |
238,496
| – | – |
|
1748
Pitney Bowes
PBI
$2.39B
| $10.8M | ﹤0.01% |
2,371,845
| – | – |
|
|
GSKY
1749
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $10.8M | ﹤0.01% |
1,578,721
-1,125,000
| -42% | -$10M |
|
1750
G-III Apparel Group
GIII
$1.54B
| $10.7M | ﹤0.01% |
416,331
-104,701
| -20% | -$2.62M |
|
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.