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 | |
|---|---|---|---|---|---|---|
1776
United Parks & Resorts
PRKS
$2.19B
| $11.4M | ﹤0.01% |
362,288
+360,090
| +16,383% | +$9.39M |
|
1777
Ethan Allen Interiors
ETD
$600M
| $11.4M | ﹤0.01% |
548,430
-5,000
| -0.9% | -$114K |
|
1778
Gentherm
THRM
$1.32B
| $11.4M | ﹤0.01% |
249,934
+45,115
| +22% | +$2.05M |
|
|
ALX
1779
Alexander's
ALX
$1.36B
| $11.3M | ﹤0.01% |
32,812
-7,361
| -18% | -$2.69M |
|
1780
Trade Desk
TTD
$8.97B
| $11.3M | ﹤0.01% |
+746,190
| New | +$8.85M |
|
1781
B&G Foods
BGS
$303M
| $11.3M | ﹤0.01% |
410,069
+100,334
| +32% | +$3.11M |
|
|
HAPN
1782
Happen Inc
HAPN
$2.14B
| $11.2M | ﹤0.01% |
578,558
| – | – |
|
|
SOHU
1783
Sohu.com
SOHU
$352M
| $11.2M | ﹤0.01% |
564,292
-117,577
| -17% | -$2.98M |
|
|
TWNK
1784
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $11.2M | ﹤0.01% |
1,010,331
+71,123
| +8% | +$908K |
|
1785
AAR Corp
AIR
$5.4B
| $11.1M | ﹤0.01% |
232,236
+48,387
| +26% | +$2.22M |
|
|
WWE
1786
DELISTED
World Wrestling Entertainment
WWE
| $11.1M | ﹤0.01% |
+114,804
| New | +$9.49M |
|
1787
Penske Automotive Group
PAG
$14.7B
| $11.1M | ﹤0.01% |
234,085
+121,604
| +108% | +$6.18M |
|
|
CKH
1788
DELISTED
Seacor Holdings Inc.
CKH
| $11.1M | ﹤0.01% |
224,179
-115,676
| -34% | -$5.99M |
|
1789
NMI Holdings
NMIH
$3.37B
| $11M | ﹤0.01% |
487,556
+43,010
| +10% | +$898K |
|
|
BFS
1790
Saul Centers
BFS
$858M
| $11M | ﹤0.01% |
196,889
-21,150
| -10% | -$1.18M |
|
1791
Capitol Federal Financial
CFFN
$1.09B
| $11M | ﹤0.01% |
864,925
| – | – |
|
1792
Encore Capital Group
ECPG
$2.01B
| $11M | ﹤0.01% |
307,146
| – | – |
|
|
SLCA
1793
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $10.9M | ﹤0.01% |
579,108
-38,895
| -6% | -$903K |
|
|
MAGN
1794
Magnera Corp
MAGN
$493M
| $10.9M | ﹤0.01% |
43,817
| – | – |
|
1795
NCR Voyix
VYX
$1.19B
| $10.8M | ﹤0.01% |
622,199
-101,334
| -14% | -$1.8M |
|
1796
Q2 Holdings
QTWO
$3.78B
| $10.8M | ﹤0.01% |
179,051
| – | – |
|
1797
Okta
OKTA
$23.8B
| $10.8M | ﹤0.01% |
+153,904
| New | +$9.16M |
|
|
GTY
1798
Getty Realty Corp
GTY
$2.16B
| $10.8M | ﹤0.01% |
378,620
| – | – |
|
|
RUBY
1799
DELISTED
Rubius Therapeutics, Inc
RUBY
| $10.8M | ﹤0.01% |
+450,000
| New | +$10.3M |
|
|
AHT
1800
Ashford Hospitality Trust
AHT
$20.8M
| $10.8M | ﹤0.01% |
1,705
| – | – |
|
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.