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 | |
|---|---|---|---|---|---|---|
1776
Ormat Technologies
ORA
$5.8B
| $9.01M | ﹤0.01% |
159,733
-142,496
| -47% | -$8.88M |
|
|
HTO
1777
H2O America
HTO
$2.67B
| $8.98M | ﹤0.01% |
170,402
-1,100
| -0.6% | -$61.8K |
|
|
WFT
1778
DELISTED
Weatherford International plc
WFT
| $8.92M | ﹤0.01% |
3,894,404
-3,455,943
| -47% | -$11M |
|
1779
ABM Industries
ABM
$2.89B
| $8.9M | ﹤0.01% |
265,849
+80,000
| +43% | +$2.93M |
|
1780
AMN Healthcare
AMN
$1.35B
| $8.89M | ﹤0.01% |
156,708
+115,525
| +281% | +$6.28M |
|
|
RDUS
1781
DELISTED
Radius Health, Inc.
RDUS
| $8.84M | ﹤0.01% |
246,050
| – | – |
|
1782
NBT Bancorp
NBTB
$2.82B
| $8.82M | ﹤0.01% |
248,576
+2,400
| +1% | +$88K |
|
|
SJI
1783
DELISTED
South Jersey Industries, Inc.
SJI
| $8.82M | ﹤0.01% |
313,101
+250,698
| +402% | +$7.05M |
|
|
HTLF
1784
DELISTED
Heartland Financial USA, Inc.
HTLF
| $8.78M | ﹤0.01% |
+165,548
| New | +$8.9M |
|
1785
Opko Health
OPK
$1.02B
| $8.71M | ﹤0.01% |
2,748,214
-1,122,279
| -29% | -$4.52M |
|
|
AKS
1786
DELISTED
AK Steel Holding Corp
AKS
| $8.64M | ﹤0.01% |
1,908,134
+84,670
| +5% | +$465K |
|
|
BRFS
1787
DELISTED
BRF SA
BRFS
| $8.6M | ﹤0.01% |
1,243,370
| – | – |
|
|
BZUN
1788
Baozun
BZUN
$179M
| $8.52M | ﹤0.01% |
185,736
| – | – |
|
|
CBB
1789
DELISTED
Cincinnati Bell Inc.
CBB
| $8.5M | ﹤0.01% |
613,520
+221,654
| +57% | +$3.59M |
|
1790
Encore Capital Group
ECPG
$2.01B
| $8.48M | ﹤0.01% |
187,644
+11,000
| +6% | +$470K |
|
|
DISH
1791
DELISTED
DISH Network Corp.
DISH
| $8.47M | ﹤0.01% |
223,547
-1,049,210
| -82% | -$46.1M |
|
|
NPKI
1792
NPK International
NPKI
$1.02B
| $8.42M | ﹤0.01% |
1,039,861
| – | – |
|
|
PRO
1793
DELISTED
PROS Holdings
PRO
| $8.4M | ﹤0.01% |
254,519
| – | – |
|
|
KERX
1794
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $8.39M | ﹤0.01% |
2,051,899
| – | – |
|
|
UBA
1795
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $8.36M | ﹤0.01% |
433,130
| – | – |
|
1796
New Jersey Resources
NJR
$6B
| $8.35M | ﹤0.01% |
208,295
+119,254
| +134% | +$4.64M |
|
|
OBE
1797
Obsidian Energy
OBE
$656M
| $8.34M | ﹤0.01% |
1,190,295
-2,957
| -0.2% | -$21.6K |
|
|
XOG
1798
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $8.3M | ﹤0.01% |
724,575
| – | – |
|
1799
Atara Biotherapeutics
ATRA
$72.6M
| $8.29M | ﹤0.01% |
8,502
-5,396
| -39% | -$4.92M |
|
1800
Independent Bank
INDB
$4.04B
| $8.19M | ﹤0.01% |
114,510
| – | – |
|
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.