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 | |
|---|---|---|---|---|---|---|
1826
Andersons Inc
ANDE
$2.39B
| $8.32M | ﹤0.01% |
371,048
+142,105
| +62% | +$3.6M |
|
|
HMHC
1827
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $8.27M | ﹤0.01% |
1,552,303
-207,556
| -12% | -$1.17M |
|
1828
Chewy
CHWY
$9.54B
| $8.27M | ﹤0.01% |
336,540
-191,926
| -36% | -$6.05M |
|
1829
AudioCodes
AUDC
$239M
| $8.25M | ﹤0.01% |
414,614
| – | – |
|
1830
Antero Midstream
AM
$10.2B
| $8.23M | ﹤0.01% |
+1,112,626
| New | +$9.61M |
|
1831
Liberty Latin America Class A
LILA
$1.72B
| $8.22M | ﹤0.01% |
752,184
| – | – |
|
1832
Forrester Research
FORR
$199M
| $8.21M | ﹤0.01% |
255,585
| – | – |
|
|
GCP
1833
DELISTED
GCP Applied Technologies Inc.
GCP
| $8.13M | ﹤0.01% |
422,050
+6,700
| +2% | +$135K |
|
|
TDAY
1834
USA Today Co
TDAY
$1.29B
| $8.11M | ﹤0.01% |
920,174
-340,796
| -27% | -$3.11M |
|
1835
First Majestic Silver
AG
$7.52B
| $8.1M | ﹤0.01% |
890,354
| – | – |
|
1836
Weis Markets
WMK
$1.92B
| $8.1M | ﹤0.01% |
212,419
+25,752
| +14% | +$980K |
|
1837
Cohen & Steers
CNS
$4.2B
| $8.08M | ﹤0.01% |
147,181
| – | – |
|
|
AERI
1838
DELISTED
Aerie Pharmaceuticals
AERI
| $8.08M | ﹤0.01% |
420,188
+30,367
| +8% | +$696K |
|
|
LNW
1839
DELISTED
Light & Wonder
LNW
| $8.06M | ﹤0.01% |
395,879
| – | – |
|
1840
Televisa
TV
$1.49B
| $8.04M | ﹤0.01% |
821,625
+474,383
| +137% | +$4.29M |
|
1841
LivePerson
LPSN
$22M
| $7.94M | ﹤0.01% |
+14,819
| New | +$7.87M |
|
|
BZUN
1842
Baozun
BZUN
$179M
| $7.93M | ﹤0.01% |
185,736
| – | – |
|
|
CRZO
1843
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $7.83M | ﹤0.01% |
912,213
| – | – |
|
|
PVG
1844
DELISTED
PRETIUM RESOURCES INC.
PVG
| $7.82M | ﹤0.01% |
677,665
-60,361
| -8% | -$717K |
|
1845
uniQure
QURE
$2.78B
| $7.77M | ﹤0.01% |
+197,395
| New | +$11.4M |
|
|
VTLE
1846
DELISTED
Vital Energy
VTLE
| $7.73M | ﹤0.01% |
160,376
| – | – |
|
1847
Kinsale Capital Group
KNSL
$8.58B
| $7.64M | ﹤0.01% |
+73,994
| New | +$7.1M |
|
|
BITA
1848
DELISTED
Bitauto Holdings Limited
BITA
| $7.59M | ﹤0.01% |
507,082
| – | – |
|
1849
Griffon
GFF
$4.02B
| $7.59M | ﹤0.01% |
361,956
+68,362
| +23% | +$1.22M |
|
1850
Granite Construction
GVA
$5.16B
| $7.53M | ﹤0.01% |
234,389
-277,158
| -54% | -$9.61M |
|
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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.