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 |
Meta Platforms (Facebook)
META
|
+$203M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$196M |
| 3 |
AT&T
T
|
+$174M |
| 4 |
NIO
NIO
|
+$163M |
| 5 |
T-Mobile US
TMUS
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GGP
GGP Inc.
GGP
|
+$606M |
| 2 |
Wells Fargo
WFC
|
+$206M |
| 3 |
Oracle
ORCL
|
+$200M |
| 4 |
UBS Group
UBS
|
+$185M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
BPFH
1751
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $12.5M | ﹤0.01% |
918,569
| – | – |
|
1752
Matador Resources
MTDR
$6.04B
| $12.5M | ﹤0.01% |
378,256
-120,518
| -24% | -$3.85M |
|
|
STFC
1753
DELISTED
State Auto Financial Corp
STFC
| $12.2M | ﹤0.01% |
400,961
| – | – |
|
|
CMO
1754
DELISTED
Capstead Mortgage Corp.
CMO
| $12.2M | ﹤0.01% |
1,546,203
| – | – |
|
1755
Adecoagro
AGRO
$1.4B
| $12.2M | ﹤0.01% |
1,663,034
-132,569
| -7% | -$1.07M |
|
1756
TTEC Holdings
TTEC
$124M
| $12.2M | ﹤0.01% |
471,660
-41,407
| -8% | -$1.2M |
|
|
VCRA
1757
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $12.2M | ﹤0.01% |
333,649
+30,703
| +10% | +$1.01M |
|
|
WBT
1758
DELISTED
Welbilt, Inc.
WBT
| $12.2M | ﹤0.01% |
582,544
-76,656
| -12% | -$1.69M |
|
|
ORIT
1759
DELISTED
Oritani Financial Corp. New
ORIT
| $12.2M | ﹤0.01% |
781,409
| – | – |
|
|
EGRX
1760
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $12.1M | ﹤0.01% |
175,201
+25,393
| +17% | +$1.93M |
|
|
UHT
1761
Universal Health Realty Income Trust
UHT
$621M
| $12M | ﹤0.01% |
161,869
| – | – |
|
1762
WSFS Financial
WSFS
$4.14B
| $12M | ﹤0.01% |
255,168
| – | – |
|
|
EPZM
1763
DELISTED
Epizyme, Inc
EPZM
| $12M | ﹤0.01% |
1,130,694
+322,918
| +40% | +$3.69M |
|
|
VNTR
1764
DELISTED
Venator Materials PLC
VNTR
| $11.8M | ﹤0.01% |
1,316,379
-627,802
| -32% | -$8.11M |
|
|
RAD
1765
DELISTED
Rite Aid Corporation
RAD
| $11.7M | ﹤0.01% |
458,233
+163,792
| +56% | +$5.04M |
|
1766
OraSure Technologies
OSUR
$273M
| $11.7M | ﹤0.01% |
758,168
| – | – |
|
1767
Weis Markets
WMK
$1.92B
| $11.7M | ﹤0.01% |
269,443
-52,055
| -16% | -$2.53M |
|
1768
Axcelis
ACLS
$3.44B
| $11.6M | ﹤0.01% |
590,865
+47,058
| +9% | +$970K |
|
1769
AnaptysBio
ANAB
$1.54B
| $11.6M | ﹤0.01% |
116,205
+50,000
| +76% | +$4.15M |
|
1770
NovaGold Resources
NG
$2.54B
| $11.6M | ﹤0.01% |
3,129,928
+224,719
| +8% | +$906K |
|
1771
Adtran
ADTN
$675M
| $11.6M | ﹤0.01% |
655,911
-338,458
| -34% | -$5.65M |
|
|
LORL
1772
DELISTED
Loral Space and Communications, Inc.
LORL
| $11.6M | ﹤0.01% |
254,631
| – | – |
|
1773
Modine Manufacturing
MOD
$9.46B
| $11.4M | ﹤0.01% |
765,944
-11,418
| -1% | -$194K |
|
1774
Warner Bros
WBD
$64.3B
| $11.4M | ﹤0.01% |
356,598
-6,508
| -2% | -$183K |
|
1775
Washington Trust Bancorp
WASH
$748M
| $11.4M | ﹤0.01% |
206,127
| – | – |
|
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.