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 | |
|---|---|---|---|---|---|---|
1876
Marcus Corp
MCS
$767M
| $6.64M | ﹤0.01% |
179,447
+84,099
| +88% | +$2.9M |
|
1877
Ethan Allen Interiors
ETD
$600M
| $6.62M | ﹤0.01% |
346,412
-56,053
| -14% | -$1.07M |
|
1878
MakeMyTrip
MMYT
$5.38B
| $6.46M | ﹤0.01% |
284,531
| – | – |
|
1879
Adecoagro
AGRO
$1.4B
| $6.41M | ﹤0.01% |
1,099,679
-142,450
| -11% | -$898K |
|
1880
Cerus
CERS
$575M
| $6.41M | ﹤0.01% |
1,243,595
| – | – |
|
1881
Lindsay Corp
LNN
$1.14B
| $6.38M | ﹤0.01% |
68,662
| – | – |
|
1882
Matsons
MATX
$6.11B
| $6.37M | ﹤0.01% |
169,715
| – | – |
|
1883
Sony
SONY
$137B
| $6.37M | ﹤0.01% |
538,250
| – | – |
|
|
CISN
1884
DELISTED
Cision Ltd. Ordinary Share
CISN
| $6.35M | ﹤0.01% |
826,344
| – | – |
|
1885
Matador Resources
MTDR
$6.04B
| $6.25M | ﹤0.01% |
378,256
| – | – |
|
|
VNTR
1886
DELISTED
Venator Materials PLC
VNTR
| $6.21M | ﹤0.01% |
2,545,446
| – | – |
|
|
HT
1887
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $6.19M | ﹤0.01% |
416,226
-59,101
| -12% | -$902K |
|
1888
Tenaris
TS
$28.2B
| $6.14M | ﹤0.01% |
290,093
| – | – |
|
1889
StoneCo
STNE
$2.67B
| $6.08M | ﹤0.01% |
174,804
-106,598
| -38% | -$3.55M |
|
1890
Casella Waste Systems
CWST
$5.76B
| $6.06M | ﹤0.01% |
+141,108
| New | +$6.11M |
|
|
GLOG
1891
DELISTED
GASLOG LTD
GLOG
| $6.04M | ﹤0.01% |
469,652
-117,142
| -20% | -$1.57M |
|
1892
ProPetro Holding
PUMP
$1.25B
| $6.03M | ﹤0.01% |
663,455
+18,900
| +3% | +$262K |
|
1893
NeoGenomics
NEO
$1.96B
| $6.02M | ﹤0.01% |
+314,974
| New | +$7.39M |
|
1894
Regis Corp
RGS
$68.4M
| $6.01M | ﹤0.01% |
14,870
-15,685
| -51% | -$5.63M |
|
1895
DMC Global
BOOM
$111M
| $6M | ﹤0.01% |
136,537
-10,436
| -7% | -$525K |
|
1896
United Natural Foods
UNFI
$3.04B
| $5.94M | ﹤0.01% |
515,783
-349,378
| -40% | -$3.34M |
|
|
PR
1897
Permian Resources
PR
$17.4B
| $5.92M | ﹤0.01% |
1,310,962
| – | – |
|
1898
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.81B
| $5.89M | ﹤0.01% |
202,207
+66,170
| +49% | +$1.85M |
|
|
RESI
1899
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $5.89M | ﹤0.01% |
509,733
| – | – |
|
1900
National Vision
EYE
$1.76B
| $5.82M | ﹤0.01% |
241,679
-31,806
| -12% | -$927K |
|
Similar funds
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.