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 | |
|---|---|---|---|---|---|---|
1951
Avantor
AVTR
$9.73B
| $3.38M | ﹤0.01% |
230,154
-58,207
| -20% | -$986K |
|
|
CO
1952
DELISTED
Global Cord Blood Corporation
CO
| $3.37M | ﹤0.01% |
697,167
-99,859
| -13% | -$524K |
|
|
TRUE
1953
DELISTED
TrueCar
TRUE
| $3.34M | ﹤0.01% |
981,815
-143,814
| -13% | -$637K |
|
|
TCDA
1954
DELISTED
Tricida, Inc. Common Stock
TCDA
| $3.32M | ﹤0.01% |
+107,558
| New | +$3.6M |
|
1955
Lennar Class B
LEN.B
$19.9B
| $3.23M | ﹤0.01% |
76,654
| – | – |
|
1956
BridgeBio Pharma
BBIO
$16.4B
| $3.22M | ﹤0.01% |
150,000
-150,000
| -50% | -$4.15M |
|
1957
RPC Inc
RES
$1.13B
| $3.19M | ﹤0.01% |
568,083
-171,232
| -23% | -$1.02M |
|
|
TPC
1958
Tutor Perini Cor
TPC
$4.03B
| $3.19M | ﹤0.01% |
222,370
-129,101
| -37% | -$1.58M |
|
|
EIGI
1959
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $3.16M | ﹤0.01% |
841,915
-215,982
| -20% | -$1.03M |
|
|
CIR
1960
DELISTED
CIRCOR International, Inc
CIR
| $3.12M | ﹤0.01% |
82,998
+22,021
| +36% | +$837K |
|
1961
National Presto Industries
NPK
$870M
| $3.09M | ﹤0.01% |
34,669
-21,120
| -38% | -$1.91M |
|
|
JE
1962
DELISTED
Just Energy Group Inc
JE
| $3.08M | ﹤0.01% |
39,361
| – | – |
|
|
RAD
1963
DELISTED
Rite Aid Corporation
RAD
| $3.03M | ﹤0.01% |
436,290
-154,798
| -26% | -$1.11M |
|
1964
Tenable Holdings
TENB
$3.47B
| $3.02M | ﹤0.01% |
134,780
+94,780
| +237% | +$2.4M |
|
1965
Standard BioTools
LAB
$342M
| $2.99M | ﹤0.01% |
646,628
| – | – |
|
|
NE
1966
DELISTED
Noble Corporation
NE
| $2.84M | ﹤0.01% |
2,235,266
-1,243,406
| -36% | -$2.12M |
|
|
SFBS
1967
ServisFirst Bancshares
SFBS
$4.9B
| $2.81M | ﹤0.01% |
84,912
| – | – |
|
1968
Stock Yards Bancorp
SYBT
$2.6B
| $2.72M | ﹤0.01% |
74,045
| – | – |
|
|
TRVG
1969
trivago
TRVG
$385M
| $2.63M | ﹤0.01% |
128,160
| – | – |
|
1970
TherapeuticsMD
TXMD
$23.8M
| $2.6M | ﹤0.01% |
14,329
| – | – |
|
|
PFNX
1971
DELISTED
Pfenex Inc.
PFNX
| $2.58M | ﹤0.01% |
305,910
| – | – |
|
1972
Banco Bilbao Vizcaya Argentaria
BBVA
$142B
| $2.55M | ﹤0.01% |
490,133
| – | – |
|
1973
NN Inc
NNBR
$237M
| $2.51M | ﹤0.01% |
352,008
| – | – |
|
1974
Arlo Technologies
ARLO
$1.58B
| $2.47M | ﹤0.01% |
725,167
| – | – |
|
1975
Carvana
CVNA
$47.5B
| $2.47M | ﹤0.01% |
186,810
-813,190
| -81% | -$11.7M |
|
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.