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 | |
|---|---|---|---|---|---|---|
1801
Coca-Cola Consolidated
COKE
$12.8B
| $10.8M | ﹤0.01% |
590,450
| – | – |
|
|
NPKI
1802
NPK International
NPKI
$1.02B
| $10.8M | ﹤0.01% |
1,039,861
| – | – |
|
|
NVRO
1803
DELISTED
NEVRO CORP.
NVRO
| $10.7M | ﹤0.01% |
187,609
+44,244
| +31% | +$2.77M |
|
|
MDCO
1804
DELISTED
Medicines Co
MDCO
| $10.7M | ﹤0.01% |
357,301
| – | – |
|
1805
Opko Health
OPK
$1.02B
| $10.6M | ﹤0.01% |
3,058,773
| – | – |
|
1806
The RMR Group
RMR
$335M
| $10.5M | ﹤0.01% |
113,496
| – | – |
|
1807
Kearny Financial
KRNY
$604M
| $10.5M | ﹤0.01% |
759,031
+73,529
| +11% | +$1.01M |
|
1808
Floor & Decor
FND
$6.03B
| $10.4M | ﹤0.01% |
345,610
+147,937
| +75% | +$6.03M |
|
1809
City Holding Co
CHCO
$2.05B
| $10.4M | ﹤0.01% |
135,728
| – | – |
|
1810
DNOW Inc
DNOW
$2.44B
| $10.4M | ﹤0.01% |
628,542
| – | – |
|
|
JBTM
1811
JBT Marel
JBTM
$7.35B
| $10.4M | ﹤0.01% |
86,942
-12,685
| -13% | -$1.38M |
|
1812
Roku
ROKU
$21.6B
| $10.4M | ﹤0.01% |
+141,990
| New | +$8.13M |
|
1813
WD-40
WDFC
$2.98B
| $10.3M | ﹤0.01% |
60,122
| – | – |
|
1814
Belden
BDC
$3.97B
| $10.3M | ﹤0.01% |
144,694
| – | – |
|
1815
Ameris Bancorp
ABCB
$5.89B
| $10.3M | ﹤0.01% |
225,973
| – | – |
|
1816
Hyster-Yale Materials Handling
HY
$576M
| $10.3M | ﹤0.01% |
167,141
-15,768
| -9% | -$997K |
|
|
ONCE
1817
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $10.2M | ﹤0.01% |
186,748
| – | – |
|
1818
Varonis Systems
VRNS
$4.67B
| $10.1M | ﹤0.01% |
+412,062
| New | +$10M |
|
1819
Omnicell
OMCL
$1.88B
| $9.97M | ﹤0.01% |
138,693
| – | – |
|
|
GBT
1820
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $9.95M | ﹤0.01% |
261,695
| – | – |
|
1821
Corcept Therapeutics
CORT
$9.98B
| $9.89M | ﹤0.01% |
705,325
+89,300
| +14% | +$1.25M |
|
|
BEST
1822
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $9.86M | ﹤0.01% |
83,305
| – | – |
|
1823
Hecla Mining
HL
$9.49B
| $9.82M | ﹤0.01% |
3,521,530
+869,222
| +33% | +$2.66M |
|
1824
MasTec
MTZ
$22.7B
| $9.76M | ﹤0.01% |
218,602
-130,506
| -37% | -$6.04M |
|
1825
Tenaris
TS
$28.2B
| $9.72M | ﹤0.01% |
290,093
| – | – |
|
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.