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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
DNTH icon
2126
Dianthus Therapeutics
DNTH
$5.67B
$86K ﹤0.01%
447
-4,241
-90% -$893K
TK icon
2127
Teekay
TK
$993M
$77K ﹤0.01%
11,454
-144,300
-93% -$997K
AAV
2128
DELISTED
Advantage Oil & Gas Ltd
AAV
$46K ﹤0.01%
16,604
-2,945,308
-99% -$8.92M
AKS
2129
DELISTED
AK Steel Holding Corp
AKS
$23K ﹤0.01%
4,714
-1,119,402
-100% -$5.12M
EVGN icon
2130
Evogene
EVGN
$5.84M
$20K ﹤0.01%
649
VIRT icon
2131
Virtu Financial
VIRT
$5.07B
$3K ﹤0.01%
161
GCP
2132
DELISTED
GCP Applied Technologies Inc.
GCP
$3K ﹤0.01%
121
-9,461
-99% -$256K
AROW icon
2133
Arrow Financial
AROW
$660M
-14,079
Closed -$429K
CRNT icon
2134
Ceragon Networks
CRNT
$191M
$0 ﹤0.01%
84
DAKT icon
2135
Daktronics
DAKT
$941M
-127,560
Closed -$1.09M
ECOR icon
2136
electroCore
ECOR
$50.4M
-334
Closed -$83K
EPRT icon
2137
Essential Properties Realty Trust
EPRT
$6.92B
-300,000
Closed -$4.06M
EVER icon
2138
EverQuote
EVER
$964M
-10,000
Closed -$181K
FBK icon
2139
FB Financial Corp
FBK
$2.98B
-25,000
Closed -$1.02M
FOSL icon
2140
Fossil Group
FOSL
$254M
$0 ﹤0.01%
1
FRO icon
2141
Frontline
FRO
$8.77B
$0 ﹤0.01%
21
GNK icon
2142
Genco Shipping & Trading
GNK
$1.1B
-21,000
Closed -$326K
HTGC icon
2143
Hercules Capital
HTGC
$3.01B
-172,522
Closed -$2.18M
IRT icon
2144
Independence Realty Trust
IRT
$3.96B
-125,000
Closed -$1.29M
KAI icon
2145
Kadant
KAI
$3.57B
-17,201
Closed -$1.65M
KZR
2146
DELISTED
Kezar Life Sciences
KZR
-500
Closed -$86K
LRN icon
2147
Stride
LRN
$4.16B
-319,296
Closed -$5.23M
MFIC icon
2148
MidCap Financial Investment
MFIC
$806M
-76,463
Closed -$1.28M
MOV icon
2149
Movado Group
MOV
$843M
-103,413
Closed -$5M
MTSI icon
2150
MACOM Technology Solutions
MTSI
$17.6B
$0 ﹤0.01%
1

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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.