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
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1876
Photronics
PLAB
$1.65B
| $5.69M | ﹤0.01% |
689,928
-144,896
| -17% | -$1.21M |
|
|
JCP
1877
DELISTED
J.C. Penney Company, Inc.
JCP
| $5.6M | ﹤0.01% |
+1,855,632
| New | +$6.69M |
|
1878
Greenlight Captial
GLRE
$579M
| $5.52M | ﹤0.01% |
343,898
| – | – |
|
1879
Lantheus
LNTH
$6.51B
| $5.49M | ﹤0.01% |
345,321
| – | – |
|
|
LORL
1880
DELISTED
Loral Space and Communications, Inc.
LORL
| $5.49M | ﹤0.01% |
131,851
| – | – |
|
|
SODA
1881
DELISTED
SodaStream International Ltd
SODA
| $5.48M | ﹤0.01% |
59,691
+22,838
| +62% | +$1.85M |
|
1882
B&G Foods
BGS
$303M
| $5.45M | ﹤0.01% |
229,894
+152,725
| +198% | +$4.67M |
|
|
INSY
1883
DELISTED
Insys Therapeutics, Inc.
INSY
| $5.43M | ﹤0.01% |
898,911
-86,801
| -9% | -$717K |
|
|
FINL
1884
DELISTED
Finish Line
FINL
| $5.39M | ﹤0.01% |
398,318
| – | – |
|
|
MINI
1885
DELISTED
Mobile Mini Inc
MINI
| $5.31M | ﹤0.01% |
122,097
-102,130
| -46% | -$4.16M |
|
|
GCP
1886
DELISTED
GCP Applied Technologies Inc.
GCP
| $5.29M | ﹤0.01% |
181,923
+112,598
| +162% | +$3.63M |
|
|
GPMT
1887
Granite Point Mortgage Trust
GPMT
$63.7M
| $5.26M | ﹤0.01% |
318,019
-211,893
| -40% | -$3.64M |
|
1888
Denali Therapeutics
DNLI
$3.79B
| $5.23M | ﹤0.01% |
265,616
-384,384
| -59% | -$7.9M |
|
|
SWIR
1889
DELISTED
Sierra Wireless
SWIR
| $5.21M | ﹤0.01% |
315,553
| – | – |
|
1890
Sony
SONY
$137B
| $5.2M | ﹤0.01% |
538,250
| – | – |
|
1891
Virtu Financial
VIRT
$5.04B
| $5.14M | ﹤0.01% |
155,698
+94,349
| +154% | +$2.44M |
|
1892
Floor & Decor
FND
$6.03B
| $5.09M | ﹤0.01% |
97,673
-33,877
| -26% | -$1.6M |
|
1893
Gray Television
GTN
$437M
| $5.01M | ﹤0.01% |
394,446
-97,936
| -20% | -$1.48M |
|
1894
Penske Automotive Group
PAG
$14.7B
| $4.99M | ﹤0.01% |
112,481
| – | – |
|
1895
Surgery Partners
SGRY
$2.15B
| $4.98M | ﹤0.01% |
290,640
-47,600
| -14% | -$742K |
|
1896
TherapeuticsMD
TXMD
$23.8M
| $4.98M | ﹤0.01% |
20,438
| – | – |
|
1897
AAR Corp
AIR
$5.4B
| $4.96M | ﹤0.01% |
112,361
| – | – |
|
|
WAIR
1898
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $4.94M | ﹤0.01% |
481,583
+12,684
| +3% | +$107K |
|
|
DBD
1899
DELISTED
Diebold Nixdorf Incorporated
DBD
| $4.92M | ﹤0.01% |
319,704
+39,851
| +14% | +$665K |
|
|
BITA
1900
DELISTED
Bitauto Holdings Limited
BITA
| $4.88M | ﹤0.01% |
230,603
| – | – |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.