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 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1801
Tredegar Corp
TG
$260M
| $9.27M | ﹤0.01% |
474,773
-59,880
| -11% | -$1.05M |
|
|
HAPN
1802
Happen Inc
HAPN
$2.14B
| $9.26M | ﹤0.01% |
708,007
-1
| -0% | -$14 |
|
1803
Boot Barn
BOOT
$4.58B
| $9.17M | ﹤0.01% |
262,717
| – | – |
|
1804
Virtus Investment Partners
VRTS
$1.12B
| $9.14M | ﹤0.01% |
82,701
| – | – |
|
|
EPZM
1805
DELISTED
Epizyme, Inc
EPZM
| $9.13M | ﹤0.01% |
885,617
| – | – |
|
1806
NBT Bancorp
NBTB
$2.82B
| $9.1M | ﹤0.01% |
248,776
| – | – |
|
1807
Skywest
SKYW
$4.35B
| $9.09M | ﹤0.01% |
+158,338
| New | +$9.3M |
|
1808
Cars.com
CARS
$722M
| $9.02M | ﹤0.01% |
1,004,727
+99,996
| +11% | +$1.35M |
|
|
UBA
1809
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $9.01M | ﹤0.01% |
380,302
| – | – |
|
|
DNR
1810
DELISTED
Denbury Resources, Inc.
DNR
| $8.97M | ﹤0.01% |
7,538,888
| – | – |
|
1811
Washington Trust Bancorp
WASH
$748M
| $8.96M | ﹤0.01% |
185,551
| – | – |
|
|
SEMG
1812
DELISTED
SEMGROUP CORPORATION
SEMG
| $8.96M | ﹤0.01% |
548,379
-78,787
| -13% | -$920K |
|
|
JKS
1813
JinkoSolar
JKS
$764M
| $8.96M | ﹤0.01% |
561,491
| – | – |
|
|
RDUS
1814
DELISTED
Radius Recycling
RDUS
| $8.95M | ﹤0.01% |
433,418
-40,000
| -8% | -$964K |
|
|
RDFN
1815
DELISTED
Redfin
RDFN
| $8.89M | ﹤0.01% |
528,240
+73,074
| +16% | +$1.29M |
|
1816
Sabesp
SBS
$18.4B
| $8.87M | ﹤0.01% |
3,849,581
| – | – |
|
1817
Natera
NTRA
$36.4B
| $8.86M | ﹤0.01% |
+270,246
| New | +$7.99M |
|
|
AIMT
1818
DELISTED
Aimmune Therapeutics
AIMT
| $8.85M | ﹤0.01% |
422,685
+127,852
| +43% | +$2.61M |
|
1819
Modine Manufacturing
MOD
$9.46B
| $8.77M | ﹤0.01% |
771,169
+93,000
| +14% | +$1.1M |
|
|
WBT
1820
DELISTED
Welbilt, Inc.
WBT
| $8.75M | ﹤0.01% |
519,133
| – | – |
|
|
NPKI
1821
NPK International
NPKI
$1.02B
| $8.74M | ﹤0.01% |
1,147,439
+107,578
| +10% | +$761K |
|
1822
Astec Industries
ASTE
$1.17B
| $8.73M | ﹤0.01% |
280,817
| – | – |
|
1823
AnaptysBio
ANAB
$1.54B
| $8.6M | ﹤0.01% |
245,645
+43,819
| +22% | +$2.08M |
|
|
WLL
1824
DELISTED
Whiting Petroleum Corporation
WLL
| $8.45M | ﹤0.01% |
14,026
| – | – |
|
1825
Range Resources
RRC
$9.33B
| $8.41M | ﹤0.01% |
2,202,904
| – | – |
|
Similar funds
Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.