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
|
+$836M |
| 2 |
VMRK
Vivmark Residential
VMRK
|
+$579M |
| 3 |
Equitable Holdings
EQH
|
+$351M |
| 4 |
AT&T
T
|
+$345M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$657M |
| 2 |
MON
Monsanto Co
MON
|
+$486M |
| 3 |
Apple
AAPL
|
+$230M |
| 4 |
American International
AIG
|
+$211M |
| 5 |
SL Green Realty
SLG
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.86% |
| 2 | Technology | 17.5% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Discretionary | 11.54% |
| 5 | Communication Services | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SJI
1751
DELISTED
South Jersey Industries, Inc.
SJI
| $12.2M | ﹤0.01% |
363,101
+50,000
| +16% | +$1.57M |
|
1752
CarGurus
CARG
$3.12B
| $12.1M | ﹤0.01% |
348,748
+298,748
| +597% | +$10.1M |
|
|
ECOL
1753
DELISTED
US Ecology, Inc.
ECOL
| $12.1M | ﹤0.01% |
189,951
+5,900
| +3% | +$345K |
|
1754
Ameris Bancorp
ABCB
$5.69B
| $12.1M | ﹤0.01% |
225,973
-2,281
| -1% | -$125K |
|
|
STFC
1755
DELISTED
State Auto Financial Corp
STFC
| $12M | ﹤0.01% |
400,961
| – | – |
|
|
REGI
1756
DELISTED
Renewable Energy Group, Inc.
REGI
| $12M | ﹤0.01% |
+671,146
| New | +$10.4M |
|
1757
Washington Trust Bancorp
WASH
$765M
| $12M | ﹤0.01% |
206,127
| – | – |
|
1758
Cal-Maine
CALM
$3.47B
| $11.9M | ﹤0.01% |
260,235
-18,072
| -6% | -$873K |
|
|
WMGI
1759
DELISTED
Wright Medical Group Inc
WMGI
| $11.8M | ﹤0.01% |
456,291
+102,048
| +29% | +$2.33M |
|
|
GBT
1760
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $11.8M | ﹤0.01% |
261,695
+11,087
| +4% | +$505K |
|
1761
Hyster-Yale Materials Handling
HY
$599M
| $11.8M | ﹤0.01% |
182,909
| – | – |
|
|
BFS
1762
Saul Centers
BFS
$759M
| $11.7M | ﹤0.01% |
218,039
| – | – |
|
|
CSR
1763
Centerspace
CSR
$972M
| $11.6M | ﹤0.01% |
210,460
-18,349
| -8% | -$1M |
|
1764
Teladoc Health
TDOC
$1.2B
| $11.6M | ﹤0.01% |
200,325
+154,196
| +334% | +$7.53M |
|
1765
Patrick Industries
PATK
$2.27B
| $11.6M | ﹤0.01% |
306,243
+42,861
| +16% | +$1.69M |
|
1766
GameStop
GME
$10.8B
| $11.6M | ﹤0.01% |
3,184,156
-1,400,708
| -31% | -$4.8M |
|
|
EIGI
1767
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $11.5M | ﹤0.01% |
1,160,488
+277,098
| +31% | +$2.37M |
|
1768
ABM Industries
ABM
$2.93B
| $11.5M | ﹤0.01% |
392,651
+126,802
| +48% | +$3.91M |
|
|
NVRO
1769
DELISTED
NEVRO CORP.
NVRO
| $11.4M | ﹤0.01% |
143,365
+143,235
| +110,181% | +$11.9M |
|
1770
Capitol Federal Financial
CFFN
$1.09B
| $11.4M | ﹤0.01% |
864,925
| – | – |
|
1771
Lattice Semiconductor
LSCC
$15.1B
| $11.4M | ﹤0.01% |
1,734,130
-165,837
| -9% | -$951K |
|
|
EGRX
1772
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $11.3M | ﹤0.01% |
149,808
+58,691
| +64% | +$3.69M |
|
|
NPKI
1773
NPK International
NPKI
$1.1B
| $11.3M | ﹤0.01% |
1,039,861
| – | – |
|
1774
Cerus
CERS
$504M
| $11.2M | ﹤0.01% |
1,685,405
+433,048
| +35% | +$2.66M |
|
1775
Encore Capital Group
ECPG
$2.1B
| $11.2M | ﹤0.01% |
307,146
+119,502
| +64% | +$5.03M |
|
Similar funds
Norges Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Norges Bank held 2,219 positions worth $291B, up 5.4% from $276B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q2 2018 filing shows 75 new, 838 increased, 618 reduced and 85 closed positions. Its largest new stake was Equitable Holdings: 16,478,469 shares worth $340M. The largest sale was Time Warner Inc, an estimated $657M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2018 buy was Equitable Holdings: 16,478,469 shares worth $340M.
- Norges Bank added most to Alibaba in Q2 2018, an estimated $836M increase.
- Norges Bank's biggest Q2 2018 reduction was Apple, cutting an estimated $230M.
- Norges Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $657M.
- Norges Bank's ten largest holdings make up 16% of its $291B portfolio in Q2 2018.
- Norges Bank opened 75 new positions and closed 85 in Q2 2018.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $291B.
Based on Norges Bank's 13F filing for Q2 2018, filed 23 Jul 2018.