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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
TUSK icon
2051
Mammoth Energy Services
TUSK
$122M
$1.75M ﹤0.01%
60,000
VIOT
2052
Viomi Technology
VIOT
$52.1M
$1.57M ﹤0.01%
+175,000
New +$1.55M
PFNX
2053
DELISTED
Pfenex Inc.
PFNX
$1.56M ﹤0.01%
305,910
TENB icon
2054
Tenable Holdings
TENB
$3.47B
$1.55M ﹤0.01%
+40,000
New +$1.33M
EB
2055
DELISTED
Eventbrite
EB
$1.52M ﹤0.01%
+40,000
New +$1.45M
ELGX
2056
DELISTED
Endologix Inc
ELGX
$1.52M ﹤0.01%
79,402
SREV
2057
DELISTED
ServiceSource International, Inc.
SREV
$1.51M ﹤0.01%
531,137
UROV
2058
DELISTED
Urovant Sciences Ltd.
UROV
$1.5M ﹤0.01%
+125,000
New +$1.48M
ARLO icon
2059
Arlo Technologies
ARLO
$1.58B
$1.45M ﹤0.01%
+100,000
New +$1.87M
FTR
2060
DELISTED
Frontier Communications Corp.
FTR
$1.45M ﹤0.01%
223,459
DBD
2061
DELISTED
Diebold Nixdorf Incorporated
DBD
$1.44M ﹤0.01%
319,704
DHXM
2062
DELISTED
DHX Media Ltd. Common Voting and Variable Voting Shares
DHXM
$1.41M ﹤0.01%
981,930
LGIH icon
2063
LGI Homes
LGIH
$1.35B
$1.41M ﹤0.01%
29,684
CVIA
2064
DELISTED
Covia Holdings Corporation Common Stock
CVIA
$1.4M ﹤0.01%
156,061
+92,081
+144% +$1.27M
KN icon
2065
Knowles
KN
$2.96B
$1.39M ﹤0.01%
83,348
+82,656
+11,945% +$1.39M
LASR icon
2066
nLIGHT
LASR
$3.33B
$1.25M ﹤0.01%
+56,356
New +$1.76M
IPHI
2067
DELISTED
INPHI CORPORATION
IPHI
$1.25M ﹤0.01%
32,829
LAB icon
2068
Standard BioTools
LAB
$342M
$1.23M ﹤0.01%
164,219
EVOP
2069
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
$1.2M ﹤0.01%
50,000
DBVT
2070
DBV Technologies
DBVT
$813M
$1.12M ﹤0.01%
5,000
ZOES
2071
DELISTED
Zoe's Kitchen, Inc.
ZOES
$1.09M ﹤0.01%
85,789
CCU icon
2072
Compañía de Cervecerías Unidas
CCU
$2.14B
$1.08M ﹤0.01%
38,714
PGTI
2073
DELISTED
PGT, Inc.
PGTI
$1.08M ﹤0.01%
+50,000
New +$1.17M
SKM icon
2074
SK Telecom
SKM
$11.4B
$1.08M ﹤0.01%
23,473
AVLR
2075
DELISTED
Avalara, Inc.
AVLR
$1.05M ﹤0.01%
30,000

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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.