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 | |
|---|---|---|---|---|---|---|
1801
St. Joe Company
JOE
$3.67B
| $10.1M | ﹤0.01% |
563,206
-75,272
| -12% | -$1.35M |
|
|
SNR
1802
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $10.1M | ﹤0.01% |
1,328,097
| – | – |
|
|
AD
1803
Array Digital Infrastructure
AD
$3.28B
| $10.1M | ﹤0.01% |
271,337
+76,936
| +40% | +$2.92M |
|
1804
MYR Group
MYRG
$4.24B
| $10M | ﹤0.01% |
+282,539
| New | +$9.99M |
|
1805
Warner Bros
WBD
$69.9B
| $9.99M | ﹤0.01% |
363,106
| – | – |
|
1806
Arcos Dorados Holdings
ARCO
$1.64B
| $9.86M | ﹤0.01% |
1,458,093
-799,508
| -35% | -$6.3M |
|
|
SAVE
1807
DELISTED
Spirit Airlines, Inc.
SAVE
| $9.81M | ﹤0.01% |
269,841
+188,181
| +230% | +$6.96M |
|
|
UBA
1808
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $9.8M | ﹤0.01% |
433,130
| – | – |
|
|
AVP
1809
DELISTED
Avon Products, Inc.
AVP
| $9.79M | ﹤0.01% |
6,046,143
+436,100
| +8% | +$923K |
|
1810
Floor & Decor
FND
$5.03B
| $9.75M | ﹤0.01% |
197,673
+100,000
| +102% | +$5.14M |
|
1811
Americold
COLD
$4.28B
| $9.71M | ﹤0.01% |
+440,855
| New | +$9.22M |
|
1812
Corcept Therapeutics
CORT
$12B
| $9.68M | ﹤0.01% |
616,025
+140,264
| +29% | +$2.44M |
|
|
NSM
1813
DELISTED
Nationstar Mortgage Holdings
NSM
| $9.65M | ﹤0.01% |
550,510
| – | – |
|
1814
MiMedx Group
MDXG
$699M
| $9.59M | ﹤0.01% |
1,500,889
| – | – |
|
1815
Caesars Entertainment
CZR
$6.05B
| $9.58M | ﹤0.01% |
245,058
+102,873
| +72% | +$4.25M |
|
|
LORL
1816
DELISTED
Loral Space and Communications, Inc.
LORL
| $9.57M | ﹤0.01% |
254,631
+122,780
| +93% | +$4.8M |
|
|
SWN
1817
DELISTED
Southwestern Energy Company
SWN
| $9.56M | ﹤0.01% |
1,804,617
| – | – |
|
|
CRZO
1818
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $9.55M | ﹤0.01% |
343,016
-93,234
| -21% | -$2.15M |
|
|
RRD
1819
DELISTED
RR Donnelley & Sons Co.
RRD
| $9.54M | ﹤0.01% |
1,656,410
-122,085
| -7% | -$901K |
|
1820
NBT Bancorp
NBTB
$2.71B
| $9.49M | ﹤0.01% |
248,776
+200
| +0.1% | +$7.54K |
|
1821
B&G Foods
BGS
$254M
| $9.26M | ﹤0.01% |
309,735
+79,841
| +35% | +$2.14M |
|
|
AAV
1822
DELISTED
Advantage Oil & Gas Ltd
AAV
| $9.25M | ﹤0.01% |
2,961,912
-387,047
| -12% | -$1.2M |
|
1823
Hecla Mining
HL
$12.5B
| $9.23M | ﹤0.01% |
2,652,308
| – | – |
|
1824
Kearny Financial
KRNY
$617M
| $9.22M | ﹤0.01% |
685,502
-174,421
| -20% | -$2.43M |
|
|
FCB
1825
DELISTED
FCB Financial Holdings, Inc.
FCB
| $9.16M | ﹤0.01% |
155,790
+16,207
| +12% | +$952K |
|
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.