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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
SRRK icon
1926
Scholar Rock
SRRK
$5.88B
$6.57M ﹤0.01%
255,000
SONY icon
1927
Sony
SONY
$137B
$6.53M ﹤0.01%
538,250
LILA icon
1928
Liberty Latin America Class A
LILA
$1.72B
$6.51M ﹤0.01%
487,876
WAIR
1929
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
$6.5M ﹤0.01%
577,899
EDIT icon
1930
Editas Medicine
EDIT
$399M
$6.46M ﹤0.01%
+202,874
New +$6.56M
INSY
1931
DELISTED
Insys Therapeutics, Inc.
INSY
$6.32M ﹤0.01%
627,077
+219,780
+54% +$1.75M
RRGB icon
1932
Red Robin
RRGB
$139M
$6.31M ﹤0.01%
157,106
KLXE icon
1933
KLX Energy Services
KLXE
$43.1M
$6.19M ﹤0.01%
+38,700
New +$5.81M
MIME
1934
DELISTED
Mimecast Limited
MIME
$6.16M ﹤0.01%
+147,149
New +$5.98M
TRUE
1935
DELISTED
TrueCar
TRUE
$6.16M ﹤0.01%
436,861
TV icon
1936
Televisa
TV
$1.49B
$6.16M ﹤0.01%
347,242
CRC
1937
DELISTED
California Resources Corporation
CRC
$6.14M ﹤0.01%
+126,492
New +$4.87M
TPCO
1938
DELISTED
Tribune Publishing Company Common Stock
TPCO
$6.07M ﹤0.01%
371,725
SGI
1939
Somnigroup International
SGI
$14.4B
$6.07M ﹤0.01%
458,676
UHAL icon
1940
U-Haul Holding Co
UHAL
$14B
$6.06M ﹤0.01%
169,840
+27,700
+19% +$1.02M
PEI
1941
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
$6.06M ﹤0.01%
42,684
+5,848
+16% +$909K
EGO icon
1942
Eldorado Gold
EGO
$8.33B
$6.03M ﹤0.01%
1,378,434
CNS icon
1943
Cohen & Steers
CNS
$4.2B
$5.98M ﹤0.01%
147,181
+53,378
+57% +$2.24M
RRD
1944
DELISTED
RR Donnelley & Sons Co.
RRD
$5.95M ﹤0.01%
1,101,823
-554,587
-33% -$2.99M
CX icon
1945
Cemex
CX
$16.9B
$5.91M ﹤0.01%
838,926
AMAG
1946
DELISTED
AMAG Pharmaceuticals
AMAG
$5.86M ﹤0.01%
293,198
OR icon
1947
OR Royalties Inc
OR
$5.53B
$5.86M ﹤0.01%
772,382
ADC icon
1948
Agree Realty
ADC
$9.66B
$5.85M ﹤0.01%
+110,154
New +$5.99M
IBP icon
1949
Installed Building Products
IBP
$6.21B
$5.85M ﹤0.01%
150,002
+20,746
+16% +$1.05M
NOAH
1950
Noah Holdings
NOAH
$590M
$5.79M ﹤0.01%
137,301

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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.