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 | |
|---|---|---|---|---|---|---|
1901
Gran Tierra Energy
GTE
$236M
| $5.78M | ﹤0.01% |
464,069
-110,578
| -19% | -$1.62M |
|
|
AQUA
1902
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $5.67M | ﹤0.01% |
333,396
+25,460
| +8% | +$383K |
|
1903
Expro Ltd
XPRO
$1.64B
| $5.52M | ﹤0.01% |
193,830
+7,590
| +4% | +$231K |
|
|
BRSP
1904
BrightSpire Capital
BRSP
$634M
| $5.48M | ﹤0.01% |
+378,672
| New | +$5.52M |
|
1905
Axcelis
ACLS
$3.44B
| $5.47M | ﹤0.01% |
319,824
| – | – |
|
1906
Golar LNG
GLNG
$4.82B
| $5.45M | ﹤0.01% |
419,361
+51,300
| +14% | +$754K |
|
1907
Parsons
PSN
$4.31B
| $5.35M | ﹤0.01% |
162,291
-24,376
| -13% | -$870K |
|
1908
Warner Bros
WBD
$64.3B
| $5.29M | ﹤0.01% |
198,595
+193,200
| +3,581% | +$5.61M |
|
1909
Kenon Holdings
KEN
$3.33B
| $5.24M | ﹤0.01% |
262,998
+32,100
| +14% | +$659K |
|
|
JAG
1910
DELISTED
Jagged Peak Energy Inc.
JAG
| $5.21M | ﹤0.01% |
718,390
| – | – |
|
1911
First Financial Corp
THFF
$948M
| $5.21M | ﹤0.01% |
119,899
-36,990
| -24% | -$1.54M |
|
1912
Nexa Resources
NEXA
$1.61B
| $5.17M | ﹤0.01% |
548,867
| – | – |
|
1913
GoPro
GPRO
$120M
| $5.06M | ﹤0.01% |
975,510
-116,279
| -11% | -$546K |
|
1914
Phibro Animal Health
PAHC
$1.5B
| $5.06M | ﹤0.01% |
237,046
+67,104
| +39% | +$1.84M |
|
1915
Hecla Mining
HL
$9.49B
| $5.03M | ﹤0.01% |
2,859,279
| – | – |
|
|
SOGO
1916
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $4.87M | ﹤0.01% |
985,484
| – | – |
|
1917
Puma Biotechnology
PBYI
$398M
| $4.84M | ﹤0.01% |
449,217
-206,220
| -31% | -$2.23M |
|
|
EXTN
1918
DELISTED
Exterran Corporation
EXTN
| $4.83M | ﹤0.01% |
369,849
-163,566
| -31% | -$1.98M |
|
|
SLCA
1919
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $4.83M | ﹤0.01% |
504,759
| – | – |
|
|
TGI
1920
DELISTED
Triumph Group
TGI
| $4.81M | ﹤0.01% |
210,404
+40,144
| +24% | +$918K |
|
1921
Replimune Group
REPL
$455M
| $4.66M | ﹤0.01% |
335,000
| – | – |
|
|
PDS
1922
Precision Drilling
PDS
$940M
| $4.6M | ﹤0.01% |
200,534
-38,438
| -16% | -$1.12M |
|
1923
Adtran
ADTN
$675M
| $4.54M | ﹤0.01% |
400,511
-169,416
| -30% | -$2.01M |
|
|
WORK
1924
DELISTED
Slack Technologies, Inc.
WORK
| $4.5M | ﹤0.01% |
189,421
-160,579
| -46% | -$4.87M |
|
1925
Gray Television
GTN
$437M
| $4.45M | ﹤0.01% |
272,728
| – | – |
|
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.