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
|
+$836M |
| 2 |
VMRK
Vivmark Residential
VMRK
|
+$579M |
| 3 |
Equitable Holdings
EQH
|
+$351M |
| 4 |
AT&T
T
|
+$345M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$657M |
| 2 |
MON
Monsanto Co
MON
|
+$486M |
| 3 |
Apple
AAPL
|
+$230M |
| 4 |
American International
AIG
|
+$211M |
| 5 |
SL Green Realty
SLG
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.86% |
| 2 | Technology | 17.5% |
| 3 | Healthcare | 13.06% |
| 4 | Consumer Discretionary | 11.54% |
| 5 | Communication Services | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1876
Caesarstone
CSTE
$110M
| $7.69M | ﹤0.01% |
509,408
-147,046
| -22% | -$2.52M |
|
|
TPC
1877
Tutor Perini Cor
TPC
$4.44B
| $7.67M | ﹤0.01% |
415,903
| – | – |
|
|
FBC
1878
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $7.6M | ﹤0.01% |
221,736
+57,937
| +35% | +$2.02M |
|
1879
Coherent
COHR
$52.2B
| $7.53M | ﹤0.01% |
173,346
+73,374
| +73% | +$3.24M |
|
1880
America Movil
AMX
$68.3B
| $7.5M | ﹤0.01% |
+450,000
| New | +$7.79M |
|
|
VNET
1881
VNET Group
VNET
$1.75B
| $7.48M | ﹤0.01% |
771,424
+68,248
| +10% | +$485K |
|
1882
Clearwater Paper
CLW
$326M
| $7.41M | ﹤0.01% |
320,627
| – | – |
|
1883
Red Robin
RRGB
$149M
| $7.32M | ﹤0.01% |
157,106
+83,933
| +115% | +$4.76M |
|
|
MIXT
1884
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $7.32M | ﹤0.01% |
+413,095
| New | +$7.38M |
|
1885
OR Royalties Inc
OR
$6.75B
| $7.31M | ﹤0.01% |
772,382
| – | – |
|
1886
Installed Building Products
IBP
$5.32B
| $7.31M | ﹤0.01% |
129,256
-30,442
| -19% | -$1.8M |
|
1887
Ormat Technologies
ORA
$5.66B
| $7.28M | ﹤0.01% |
136,764
-22,969
| -14% | -$1.25M |
|
1888
Omnicell
OMCL
$1.53B
| $7.27M | ﹤0.01% |
138,693
-128,846
| -48% | -$6.06M |
|
|
INFN
1889
DELISTED
Infinera Corporation Common Stock
INFN
| $7.27M | ﹤0.01% |
732,082
+48,672
| +7% | +$506K |
|
|
RDUS
1890
DELISTED
Radius Health, Inc.
RDUS
| $7.25M | ﹤0.01% |
246,050
| – | – |
|
1891
NMI Holdings
NMIH
$3.3B
| $7.25M | ﹤0.01% |
+444,546
| New | +$7.2M |
|
|
MIC
1892
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $7.24M | ﹤0.01% |
171,579
-239,012
| -58% | -$9.39M |
|
|
NOAH
1893
Noah Holdings
NOAH
$559M
| $7.16M | ﹤0.01% |
137,301
| – | – |
|
1894
Expro Ltd
XPRO
$1.98B
| $7.16M | ﹤0.01% |
152,907
+44,405
| +41% | +$1.88M |
|
|
NTRI
1895
DELISTED
NutriSystem, Inc.
NTRI
| $7.11M | ﹤0.01% |
184,737
+49,702
| +37% | +$1.65M |
|
1896
Alamos Gold
AGI
$14.9B
| $7.1M | ﹤0.01% |
1,246,720
+469,637
| +60% | +$2.58M |
|
1897
Eldorado Gold
EGO
$10.7B
| $6.97M | ﹤0.01% |
1,378,434
| – | – |
|
1898
National Presto Industries
NPK
$1.09B
| $6.92M | ﹤0.01% |
55,789
-50,622
| -48% | -$5.47M |
|
|
AIMT
1899
DELISTED
Aimmune Therapeutics
AIMT
| $6.79M | ﹤0.01% |
252,316
+31,695
| +14% | +$970K |
|
|
CBB
1900
DELISTED
Cincinnati Bell Inc.
CBB
| $6.61M | ﹤0.01% |
421,281
-192,239
| -31% | -$2.81M |
|
Similar funds
Norges Bank's Q2 2018 Portfolio in Review
As of Q2 2018, Norges Bank held 2,219 positions worth $291B, up 5.4% from $276B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q2 2018 filing shows 75 new, 838 increased, 618 reduced and 85 closed positions. Its largest new stake was Equitable Holdings: 16,478,469 shares worth $340M. The largest sale was Time Warner Inc, an estimated $657M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q2 2018 buy was Equitable Holdings: 16,478,469 shares worth $340M.
- Norges Bank added most to Alibaba in Q2 2018, an estimated $836M increase.
- Norges Bank's biggest Q2 2018 reduction was Apple, cutting an estimated $230M.
- Norges Bank fully exited Time Warner Inc in Q2 2018, selling an estimated $657M.
- Norges Bank's ten largest holdings make up 16% of its $291B portfolio in Q2 2018.
- Norges Bank opened 75 new positions and closed 85 in Q2 2018.
- Norges Bank's portfolio value rose 5.4% quarter-over-quarter to $291B.
Based on Norges Bank's 13F filing for Q2 2018, filed 23 Jul 2018.