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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.03%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$308B
AUM Growth
+$16.6B
Cap. Flow
+$44.1M
Cap. Flow %
0.01%
Top 10 Hldgs %
17.3%
Holding
2,209
New
74
Increased
715
Reduced
609
Closed
67

Top Sells

Rank Stock Value
1
GGP
GGP Inc.
GGP
+$606M
2
WFC icon
Wells Fargo
WFC
+$206M
3
ORCL icon
Oracle
ORCL
+$200M
4
UBS icon
UBS Group
UBS
+$185M
5
BRK.A icon
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
FMX icon
1851
Fomento Económico Mexicano
FMX
$41.2B
$8.74M ﹤0.01%
88,339
PUMP icon
1852
ProPetro Holding
PUMP
$1.25B
$8.74M ﹤0.01%
529,923
RESI
1853
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$8.73M ﹤0.01%
804,603
BL icon
1854
BlackLine
BL
$1.9B
$8.71M ﹤0.01%
+154,187
New +$7.68M
YEXT icon
1855
Yext
YEXT
$573M
$8.68M ﹤0.01%
+366,137
New +$8.37M
SPWR
1856
DELISTED
SunPower Corporation Common Stock
SPWR
$8.63M ﹤0.01%
1,804,418
-386,465
-18% -$1.83M
SWIR
1857
DELISTED
Sierra Wireless
SWIR
$8.62M ﹤0.01%
429,025
+113,472
+36% +$2.11M
CDE icon
1858
Coeur Mining
CDE
$15.1B
$8.57M ﹤0.01%
1,607,058
BITA
1859
DELISTED
Bitauto Holdings Limited
BITA
$8.56M ﹤0.01%
372,312
NRE
1860
DELISTED
NorthStar Realty Europe Corp.
NRE
$8.54M ﹤0.01%
603,429
AVYA
1861
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$8.5M ﹤0.01%
+384,085
New +$8.24M
BOOT icon
1862
Boot Barn
BOOT
$4.58B
$8.41M ﹤0.01%
296,206
GZT
1863
DELISTED
Gazit-globe Ltd
GZT
$8.37M ﹤0.01%
917,828
-199,361
-18% -$1.83M
AGI icon
1864
Alamos Gold
AGI
$12B
$8.33M ﹤0.01%
1,815,127
+568,407
+46% +$2.8M
FOXF icon
1865
Fox Factory Holding Corp
FOXF
$794M
$8.32M ﹤0.01%
+118,769
New +$7.27M
FCB
1866
DELISTED
FCB Financial Holdings, Inc.
FCB
$8.3M ﹤0.01%
175,113
+19,323
+12% +$1.02M
ALGT icon
1867
Allegiant Air
ALGT
$2.57B
$8.21M ﹤0.01%
64,786
+27,877
+76% +$3.71M
CBL
1868
DELISTED
CBL& Associates Properties, Inc.
CBL
$8.21M ﹤0.01%
2,057,804
-179,211
-8% -$859K
GOLF icon
1869
Acushnet Holdings
GOLF
$6B
$8.2M ﹤0.01%
+299,035
New +$7.77M
COHR icon
1870
Coherent
COHR
$43.4B
$8.2M ﹤0.01%
173,346
SVU
1871
DELISTED
SUPERVALU Inc.
SVU
$8.19M ﹤0.01%
254,211
ARII
1872
DELISTED
American Railcar Industries, Inc.
ARII
$8.19M ﹤0.01%
177,632
-331,306
-65% -$15M
BATRK icon
1873
Atlanta Braves Holdings Series B
BATRK
$3.28B
$8.15M ﹤0.01%
299,259
UBA
1874
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$8.1M ﹤0.01%
380,302
-52,828
-12% -$1.17M
ARCO icon
1875
Arcos Dorados Holdings
ARCO
$1.74B
$8.08M ﹤0.01%
1,328,490
-129,603
-9% -$858K

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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.