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 | |
|---|---|---|---|---|---|---|
|
ATCO
1926
DELISTED
Atlas Corp.
ATCO
| $5.75M | ﹤0.01% |
564,527
| – | – |
|
|
AMAG
1927
DELISTED
AMAG Pharmaceuticals
AMAG
| $5.72M | ﹤0.01% |
293,198
| – | – |
|
|
EBIX
1928
DELISTED
Ebix Inc
EBIX
| $5.6M | ﹤0.01% |
73,413
-22,998
| -24% | -$1.76M |
|
1929
SITE Centers
SITC
$148M
| $5.55M | ﹤0.01% |
480,913
+104,173
| +28% | +$1.04M |
|
1930
Sony
SONY
$143B
| $5.52M | ﹤0.01% |
538,250
| – | – |
|
|
SGI
1931
Somnigroup International
SGI
$14B
| $5.51M | ﹤0.01% |
458,676
-394,848
| -46% | -$4.65M |
|
1932
Cemex
CX
$15.4B
| $5.5M | ﹤0.01% |
+838,926
| New | +$5.31M |
|
|
XOG
1933
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $5.5M | ﹤0.01% |
374,048
-350,527
| -48% | -$5.07M |
|
1934
Prothena Corp
PRTA
$458M
| $5.49M | ﹤0.01% |
376,816
| – | – |
|
|
CO
1935
DELISTED
Global Cord Blood Corporation
CO
| $5.4M | ﹤0.01% |
569,255
+241,355
| +74% | +$2.31M |
|
1936
Lindsay Corp
LNN
$1.2B
| $5.33M | ﹤0.01% |
55,014
-9,903
| -15% | -$932K |
|
1937
Griffon
GFF
$4.35B
| $5.32M | ﹤0.01% |
299,027
+105,656
| +55% | +$2.18M |
|
1938
Penske Automotive Group
PAG
$14.3B
| $5.27M | ﹤0.01% |
112,481
| – | – |
|
1939
Stride
LRN
$3.44B
| $5.23M | ﹤0.01% |
319,296
-109,192
| -25% | -$1.69M |
|
|
SVU
1940
DELISTED
SUPERVALU Inc.
SVU
| $5.22M | ﹤0.01% |
254,211
-269,594
| -51% | -$4.75M |
|
|
IMGN
1941
DELISTED
Immunogen Inc
IMGN
| $5.2M | ﹤0.01% |
533,979
+200,000
| +60% | +$2.11M |
|
1942
Cleveland-Cliffs
CLF
$6.65B
| $5.17M | ﹤0.01% |
613,778
-537,395
| -47% | -$4.28M |
|
1943
Allegiant Air
ALGT
$2.15B
| $5.13M | ﹤0.01% |
36,909
+29,508
| +399% | +$4.55M |
|
|
PPBI
1944
DELISTED
Pacific Premier Bancorp
PPBI
| $5.08M | ﹤0.01% |
133,029
-140,573
| -51% | -$5.73M |
|
1945
U-Haul Holding Co
UHAL
$12.5B
| $5.06M | ﹤0.01% |
142,140
+115,910
| +442% | +$4.03M |
|
|
SWIR
1946
DELISTED
Sierra Wireless
SWIR
| $5.05M | ﹤0.01% |
315,553
| – | – |
|
|
CVGW
1947
DELISTED
Calavo Growers
CVGW
| $5.02M | ﹤0.01% |
+52,178
| New | +$4.85M |
|
1948
Movado Group
MOV
$731M
| $5M | ﹤0.01% |
103,413
-54,322
| -34% | -$2.35M |
|
1949
NN Inc
NNBR
$296M
| $4.94M | ﹤0.01% |
261,171
| – | – |
|
|
WRD
1950
DELISTED
WildHorse Resource Development
WRD
| $4.93M | ﹤0.01% |
194,290
+78,427
| +68% | +$1.96M |
|
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.