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 |
Walt Disney
DIS
|
+$382M |
| 2 |
Alibaba
BABA
|
+$346M |
| 3 |
Meta Platforms (Facebook)
META
|
+$240M |
| 4 |
Citigroup
C
|
+$223M |
| 5 |
Procter & Gamble
PG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$631M |
| 2 |
Linde
LIN
|
+$310M |
| 3 |
Alcoa
AA
|
+$208M |
| 4 |
Blackrock
BLK
|
+$158M |
| 5 |
Oracle
ORCL
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.87% |
| 2 | Financials | 16.34% |
| 3 | Healthcare | 13.72% |
| 4 | Consumer Discretionary | 11.63% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VCRA
1751
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $11.6M | ﹤0.01% |
366,254
+32,605
| +10% | +$1.16M |
|
1752
Green Plains
GPRE
$1.18B
| $11.6M | ﹤0.01% |
693,999
-59,417
| -8% | -$891K |
|
|
CHS
1753
DELISTED
Chicos FAS, Inc.
CHS
| $11.6M | ﹤0.01% |
2,710,642
-170,648
| -6% | -$945K |
|
1754
Allogene Therapeutics
ALLO
$645M
| $11.6M | ﹤0.01% |
400,000
| – | – |
|
|
CLVS
1755
DELISTED
Clovis Oncology, Inc.
CLVS
| $11.5M | ﹤0.01% |
464,975
| – | – |
|
|
PR
1756
Permian Resources
PR
$17.8B
| $11.5M | ﹤0.01% |
1,310,962
+150,206
| +13% | +$1.71M |
|
|
PPBI
1757
DELISTED
Pacific Premier Bancorp
PPBI
| $11.5M | ﹤0.01% |
432,781
+35,448
| +9% | +$1.01M |
|
1758
United Natural Foods
UNFI
$3.08B
| $11.4M | ﹤0.01% |
865,161
| – | – |
|
|
CRZO
1759
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $11.4M | ﹤0.01% |
912,213
| – | – |
|
|
RDUS
1760
DELISTED
Radius Recycling
RDUS
| $11.4M | ﹤0.01% |
473,418
-130,568
| -22% | -$3.09M |
|
|
PDS
1761
Precision Drilling
PDS
$998M
| $11.3M | ﹤0.01% |
238,972
-24,105
| -9% | -$1.09M |
|
|
GCP
1762
DELISTED
GCP Applied Technologies Inc.
GCP
| $11.3M | ﹤0.01% |
381,116
+73,279
| +24% | +$1.97M |
|
1763
Dycom Industries
DY
$12B
| $11.2M | ﹤0.01% |
243,316
| – | – |
|
|
DOO
1764
Bombardier Recreational Products
DOO
$4.54B
| $11.1M | ﹤0.01% |
401,259
| – | – |
|
|
LADR
1765
Ladder Capital
LADR
$1.21B
| $11.1M | ﹤0.01% |
653,798
+525,290
| +409% | +$8.98M |
|
1766
Medifast
MED
$110M
| $11.1M | ﹤0.01% |
86,970
+5,761
| +7% | +$731K |
|
|
SOHU
1767
Sohu.com
SOHU
$363M
| $11.1M | ﹤0.01% |
669,004
+104,712
| +19% | +$2.02M |
|
|
FFIC
1768
DELISTED
Flushing Financial
FFIC
| $11.1M | ﹤0.01% |
504,354
| – | – |
|
1769
ATN International
ATNI
$366M
| $11M | ﹤0.01% |
195,933
| – | – |
|
1770
Schneider National
SNDR
$6.26B
| $11M | ﹤0.01% |
523,577
-403,704
| -44% | -$8.64M |
|
|
DMC
1771
Del Monte Corp
DMC
$1.42B
| $10.9M | ﹤0.01% |
404,765
| – | – |
|
|
BPFH
1772
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $10.9M | ﹤0.01% |
997,745
| – | – |
|
|
VRTV
1773
DELISTED
VERITIV CORPORATION
VRTV
| $10.9M | ﹤0.01% |
413,602
| – | – |
|
1774
Ameris Bancorp
ABCB
$5.86B
| $10.9M | ﹤0.01% |
316,059
| – | – |
|
|
VNET
1775
VNET Group
VNET
$2.04B
| $10.8M | ﹤0.01% |
1,364,547
+106,269
| +8% | +$951K |
|
Similar funds
Norges Bank's Q1 2019 Portfolio in Review
As of Q1 2019, Norges Bank held 2,169 positions worth $310B, up 15% from $269B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.1%. Norges Bank opened 45 new positions and exited 43, leaving the 2,169-position portfolio largely intact.
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 Q1 2019 buy was Fox Class B: 4,938,483 shares worth $177M.
- Norges Bank added most to Walt Disney in Q1 2019, an estimated $382M increase.
- Norges Bank's biggest Q1 2019 reduction was Linde, cutting an estimated $310M.
- Norges Bank fully exited Twenty-First Century Fox, Inc. Class B in Q1 2019, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 17% of its $310B portfolio in Q1 2019.
- Norges Bank opened 45 new positions and closed 43 in Q1 2019.
- Norges Bank's portfolio value rose 15% quarter-over-quarter to $310B.
Based on Norges Bank's 13F filing for Q1 2019, filed 9 May 2019.