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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
RYAM icon
1876
Rayonier Advanced Materials
RYAM
$562M
$8.04M ﹤0.01%
436,366
-409,951
-48% -$8.05M
XPRO icon
1877
Expro Ltd
XPRO
$1.66B
$7.96M ﹤0.01%
152,907
CPE
1878
DELISTED
Callon Petroleum Company
CPE
$7.95M ﹤0.01%
66,267
-8,772
-12% -$980K
MIC
1879
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$7.92M ﹤0.01%
171,579
LKFT
1880
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.82B
$7.87M ﹤0.01%
70,000
TROX icon
1881
Tronox
TROX
$967M
$7.86M ﹤0.01%
657,954
SNR
1882
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
$7.84M ﹤0.01%
1,328,097
JAG
1883
DELISTED
Jagged Peak Energy Inc.
JAG
$7.83M ﹤0.01%
566,237
+486,746
+612% +$6.59M
TPC
1884
Tutor Perini Cor
TPC
$4.03B
$7.82M ﹤0.01%
415,903
GLNG icon
1885
Golar LNG
GLNG
$4.82B
$7.8M ﹤0.01%
280,679
VNET
1886
VNET Group
VNET
$1.79B
$7.79M ﹤0.01%
771,424
GHL
1887
DELISTED
Greenhill & Co., Inc.
GHL
$7.79M ﹤0.01%
295,558
CLF icon
1888
Cleveland-Cliffs
CLF
$6.49B
$7.77M ﹤0.01%
613,778
NAV
1889
DELISTED
Navistar International
NAV
$7.76M ﹤0.01%
201,495
CBB
1890
DELISTED
Cincinnati Bell Inc.
CBB
$7.74M ﹤0.01%
484,975
+63,694
+15% +$887K
HTLD icon
1891
Heartland Express
HTLD
$1.01B
$7.67M ﹤0.01%
388,583
+55,290
+17% +$1.1M
ARNA
1892
DELISTED
Arena Pharmaceuticals Inc
ARNA
$7.61M ﹤0.01%
+165,421
New +$6.71M
SCOR icon
1893
Comscore
SCOR
$113M
$7.61M ﹤0.01%
+20,875
New +$8.29M
LKSD
1894
DELISTED
LSC Communications, Inc.
LKSD
$7.54M ﹤0.01%
681,605
-209,095
-23% -$2.7M
P
1895
Everpure Inc
P
$23B
$7.51M ﹤0.01%
+289,531
New +$7.19M
CLDR
1896
DELISTED
Cloudera, Inc.
CLDR
$7.47M ﹤0.01%
422,990
ENTA icon
1897
Enanta Pharmaceuticals
ENTA
$362M
$7.46M ﹤0.01%
+87,248
New +$8.74M
ORA icon
1898
Ormat Technologies
ORA
$5.8B
$7.4M ﹤0.01%
136,764
IRDM icon
1899
Iridium Communications
IRDM
$4.7B
$7.34M ﹤0.01%
+326,462
New +$6.34M
LNW
1900
DELISTED
Light & Wonder
LNW
$7.28M ﹤0.01%
286,692
-58,689
-17% -$2.13M

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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.