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
|
+$795M |
| 2 |
Vornado Realty Trust
VNO
|
+$326M |
| 3 |
Equity Residential
EQR
|
+$286M |
| 4 |
Amazon
AMZN
|
+$222M |
| 5 |
Baidu
BIDU
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBS Group
UBS
|
+$276M |
| 2 |
Aptiv
APTV
|
+$268M |
| 3 |
TechnipFMC
FTI
|
+$243M |
| 4 |
Apple
AAPL
|
+$215M |
| 5 |
Alcoa
AA
|
+$200M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.71% |
| 2 | Technology | 17.15% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
National Beverage
FIZZ
$3.06B
| $405K | ﹤0.01% |
9,104
-25,932
| -74% | -$1.28M |
|
|
RNTX
2102
Rein Therapeutics
RNTX
$64.8M
| $344K | ﹤0.01% |
2,117
-383
| -15% | -$68.3K |
|
|
MRSN
2103
DELISTED
Mersana Therapeutics
MRSN
| $315K | ﹤0.01% |
800
| – | – |
|
|
FMSA
2104
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $313K | ﹤0.01% |
+73,705
| New | +$371K |
|
|
PHH
2105
DELISTED
PHH Corporation
PHH
| $310K | ﹤0.01% |
29,606
-847,894
| -97% | -$8.23M |
|
2106
TIM SA
TIMB
$9.1B
| $275K | ﹤0.01% |
12,696
| – | – |
|
2107
GoPro
GPRO
$120M
| $271K | ﹤0.01% |
56,510
| – | – |
|
2108
Extreme Networks
EXTR
$3.8B
| $270K | ﹤0.01% |
24,360
-132,625
| -84% | -$1.67M |
|
|
HAYN
2109
DELISTED
Haynes International, Inc.
HAYN
| $231K | ﹤0.01% |
6,233
-25,372
| -80% | -$993K |
|
|
AFI
2110
DELISTED
Armstrong Flooring, Inc.
AFI
| $214K | ﹤0.01% |
15,791
-59,701
| -79% | -$901K |
|
2111
Ranger Energy Services
RNGR
$354M
| $213K | ﹤0.01% |
26,225
-23,775
| -48% | -$221K |
|
2112
Zymeworks
ZYME
$1.62B
| $212K | ﹤0.01% |
17,600
-7,400
| -30% | -$80.1K |
|
2113
Appian
APPN
$2.11B
| $201K | ﹤0.01% |
8,000
| – | – |
|
|
AT
2114
DELISTED
Atlantic Power Corporation
AT
| $200K | ﹤0.01% |
95,217
-117,676
| -55% | -$251K |
|
2115
Precigen
PGEN
$1.94B
| $190K | ﹤0.01% |
12,366
-186,843
| -94% | -$2.67M |
|
2116
Kamada
KMDA
$404M
| $167K | ﹤0.01% |
36,453
| – | – |
|
2117
Gogo Inc
GOGO
$525M
| $155K | ﹤0.01% |
18,002
-284,090
| -94% | -$2.74M |
|
2118
Teekay
TK
$996M
| $147K | ﹤0.01% |
+18,131
| New | +$157K |
|
|
NVLN
2119
DELISTED
Novelion Therapeutics Inc. Common Shares
NVLN
| $139K | ﹤0.01% |
39,700
| – | – |
|
|
ACHN
2120
DELISTED
Achillion Pharmaceuticals
ACHN
| $135K | ﹤0.01% |
36,261
-820,815
| -96% | -$2.69M |
|
|
NETS
2121
DELISTED
Netshoes (Cayman) Limited
NETS
| $120K | ﹤0.01% |
20,223
-13,659
| -40% | -$110K |
|
2122
National Bank Holdings
NBHC
$1.9B
| $108K | ﹤0.01% |
3,251
| – | – |
|
2123
Q32 Bio
QTTB
$435M
| $94K | ﹤0.01% |
+278
| New | +$93.5K |
|
|
CUB
2124
DELISTED
Cubic Corporation
CUB
| $71K | ﹤0.01% |
+1,101
| New | +$67.1K |
|
|
AAWW
2125
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $60K | ﹤0.01% |
+1,003
| New | +$59.4K |
|
Similar funds
Norges Bank's Q1 2018 Portfolio in Review
As of Q1 2018, Norges Bank held 2,204 positions worth $276B, down 0.94% from $279B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q1 2018 filing shows 89 new, 744 increased, 809 reduced and 60 closed positions. Its largest new stake was PagSeguro Digital: 2,000,000 shares worth $76.6M. The largest sale was UBS Group, an estimated $276M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2018 buy was PagSeguro Digital: 2,000,000 shares worth $76.6M.
- Norges Bank added most to Alibaba in Q1 2018, an estimated $795M increase.
- Norges Bank's biggest Q1 2018 reduction was UBS Group, cutting an estimated $276M.
- Norges Bank fully exited Agrium in Q1 2018, selling an estimated $147M.
- Norges Bank's ten largest holdings make up 16% of its $276B portfolio in Q1 2018.
- Norges Bank opened 89 new positions and closed 60 in Q1 2018.
- Norges Bank's portfolio value fell 0.94% quarter-over-quarter to $276B.
Based on Norges Bank's 13F filing for Q1 2018, filed 9 May 2018.