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 | |
|---|---|---|---|---|---|---|
|
CORE
1951
DELISTED
Core Mark Holding Co., Inc.
CORE
| $4.92M | ﹤0.01% |
216,874
| – | – |
|
|
DPLO
1952
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $4.92M | ﹤0.01% |
192,558
| – | – |
|
|
ESND
1953
DELISTED
Essendant Inc.
ESND
| $4.9M | ﹤0.01% |
370,960
| – | – |
|
|
AKS
1954
DELISTED
AK Steel Holding Corp
AKS
| $4.88M | ﹤0.01% |
1,124,116
-784,018
| -41% | -$3.58M |
|
|
PRTK
1955
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $4.87M | ﹤0.01% |
476,977
| – | – |
|
1956
Ambarella
AMBA
$2.82B
| $4.86M | ﹤0.01% |
125,826
+75,061
| +148% | +$3.55M |
|
|
GPMT
1957
Granite Point Mortgage Trust
GPMT
$45.4M
| $4.85M | ﹤0.01% |
264,545
-53,474
| -17% | -$944K |
|
|
FPRX
1958
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $4.8M | ﹤0.01% |
303,900
+52,554
| +21% | +$917K |
|
1959
DMC Global
BOOM
$131M
| $4.8M | ﹤0.01% |
106,880
+44,105
| +70% | +$1.7M |
|
|
SMTA
1960
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
| $4.77M | ﹤0.01% |
+462,639
| New | +$4.61M |
|
|
ESPR
1961
DELISTED
Esperion Therapeutics
ESPR
| $4.72M | ﹤0.01% |
120,350
+14,491
| +14% | +$732K |
|
1962
AnaptysBio
ANAB
$1.6B
| $4.7M | ﹤0.01% |
66,205
-56,995
| -46% | -$4.78M |
|
|
JKS
1963
JinkoSolar
JKS
$600M
| $4.62M | ﹤0.01% |
335,430
| – | – |
|
|
LL
1964
DELISTED
LL Flooring Holdings, Inc.
LL
| $4.57M | ﹤0.01% |
187,595
+122,385
| +188% | +$2.8M |
|
1965
Under Armour
UAA
$2.16B
| $4.55M | ﹤0.01% |
202,495
+12,435
| +7% | +$246K |
|
|
ELGX
1966
DELISTED
Endologix Inc
ELGX
| $4.49M | ﹤0.01% |
79,402
+17,064
| +27% | +$866K |
|
1967
Sabesp
SBS
$18.6B
| $4.49M | ﹤0.01% |
3,849,581
+2,323,075
| +152% | +$3.65M |
|
1968
Medpace
MEDP
$16.6B
| $4.44M | ﹤0.01% |
103,217
+66,213
| +179% | +$2.67M |
|
|
TRUE
1969
DELISTED
TrueCar
TRUE
| $4.41M | ﹤0.01% |
436,861
-75,000
| -15% | -$738K |
|
1970
Gray Television
GTN
$499M
| $4.31M | ﹤0.01% |
272,728
-121,718
| -31% | -$1.46M |
|
|
ASRT
1971
DELISTED
Assertio
ASRT
| $4.19M | ﹤0.01% |
10,474
-1,619
| -13% | -$658K |
|
1972
Essential Properties Realty Trust
EPRT
$6.22B
| $4.06M | ﹤0.01% |
+300,000
| New | +$4.09M |
|
1973
Scholar Rock
SRRK
$6.31B
| $3.98M | ﹤0.01% |
+255,000
| New | +$4.78M |
|
1974
Accuray
ARAY
$29.9M
| $3.95M | ﹤0.01% |
963,891
| – | – |
|
1975
Community Health Systems
CYH
$412M
| $3.93M | ﹤0.01% |
1,184,741
| – | – |
|
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.