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 | |
|---|---|---|---|---|---|---|
1751
Hecla Mining
HL
$9.49B
| $9.73M | ﹤0.01% |
2,652,308
| – | – |
|
|
UHT
1752
Universal Health Realty Income Trust
UHT
$621M
| $9.73M | ﹤0.01% |
161,869
| – | – |
|
|
FIT
1753
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $9.72M | ﹤0.01% |
1,905,827
| – | – |
|
|
SGI
1754
Somnigroup International
SGI
$14.4B
| $9.66M | ﹤0.01% |
853,524
+446,400
| +110% | +$6.13M |
|
1755
Matador Resources
MTDR
$6.04B
| $9.66M | ﹤0.01% |
322,884
+279,844
| +650% | +$8.49M |
|
1756
SM Energy
SM
$7.6B
| $9.63M | ﹤0.01% |
533,910
-325,306
| -38% | -$7.03M |
|
1757
Installed Building Products
IBP
$6.21B
| $9.59M | ﹤0.01% |
159,698
+8,007
| +5% | +$532K |
|
|
GTY
1758
Getty Realty Corp
GTY
$2.16B
| $9.55M | ﹤0.01% |
378,620
| – | – |
|
1759
Simmons First National
SFNC
$3.39B
| $9.5M | ﹤0.01% |
333,929
+20,561
| +7% | +$602K |
|
1760
Genesco
GCO
$434M
| $9.41M | ﹤0.01% |
231,734
+102,470
| +79% | +$3.8M |
|
1761
Helix Energy Solutions
HLX
$1.34B
| $9.41M | ﹤0.01% |
1,624,683
-796,003
| -33% | -$5.58M |
|
|
VMW
1762
DELISTED
VMware, Inc
VMW
| $9.4M | ﹤0.01% |
77,492
-159,936
| -67% | -$20.1M |
|
1763
National CineMedia
NCMI
$378M
| $9.39M | ﹤0.01% |
180,918
-4,459
| -2% | -$294K |
|
1764
City Holding Co
CHCO
$2.05B
| $9.3M | ﹤0.01% |
135,728
| – | – |
|
1765
Park National Corp
PRK
$3.84B
| $9.29M | ﹤0.01% |
89,504
-24,351
| -21% | -$2.55M |
|
1766
Tronox
TROX
$967M
| $9.26M | ﹤0.01% |
501,926
+33,642
| +7% | +$670K |
|
1767
Novanta
NOVT
$4.91B
| $9.23M | ﹤0.01% |
+177,036
| New | +$9.7M |
|
|
TPC
1768
Tutor Perini Cor
TPC
$4.03B
| $9.17M | ﹤0.01% |
415,903
+73,343
| +21% | +$1.74M |
|
|
GHDX
1769
DELISTED
Genomic Health, Inc.
GHDX
| $9.13M | ﹤0.01% |
291,634
+4,100
| +1% | +$136K |
|
1770
Golar LNG
GLNG
$4.82B
| $9.11M | ﹤0.01% |
333,098
-73,065
| -18% | -$2.06M |
|
1771
MakeMyTrip
MMYT
$5.38B
| $9.1M | ﹤0.01% |
262,137
+100,347
| +62% | +$3.2M |
|
|
RESI
1772
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $9.07M | ﹤0.01% |
903,028
-402,393
| -31% | -$4.28M |
|
1773
American States Water
AWR
$3.44B
| $9.07M | ﹤0.01% |
170,991
+4,907
| +3% | +$265K |
|
|
AYR
1774
DELISTED
Aircastle Ltd
AYR
| $9.05M | ﹤0.01% |
455,517
+316,083
| +227% | +$6.86M |
|
|
BMCH
1775
DELISTED
BMC Stock Holdings, Inc
BMCH
| $9.02M | ﹤0.01% |
+461,223
| New | +$9.86M |
|
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.