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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
MYRG icon
2151
MYR Group
MYRG
$5.01B
-282,539
Closed -$10M
NBHC icon
2152
National Bank Holdings
NBHC
$1.9B
-3,251
Closed -$125K
NMFC icon
2153
New Mountain Finance
NMFC
$654M
-120,091
Closed -$1.63M
PFSI icon
2154
PennyMac Financial
PFSI
$4.47B
-54,794
Closed -$1.08M
PLAB icon
2155
Photronics
PLAB
$1.65B
-22,901
Closed -$183K
QGEN icon
2156
Qiagen
QGEN
$8.62B
$0 ﹤0.01%
1
-618,069
-100% -$24.7M
RYTM icon
2157
Rhythm Pharmaceuticals
RYTM
$7.31B
-30,000
Closed -$938K
SENS icon
2158
Senseonics Holdings Inc
SENS
$254M
-10,000
Closed -$822K
SFIX
2159
Stitch Fix
SFIX
$567M
-75,000
Closed -$2.06M
SMCI icon
2160
Super Micro Computer
SMCI
$16.6B
-380,480
Closed -$900K
SNCR
2161
DELISTED
Synchronoss Technologies
SNCR
-29,176
Closed -$1.62M
STNG icon
2162
Scorpio Tankers
STNG
$3.91B
$0 ﹤0.01%
3
TMP icon
2163
Tompkins Financial
TMP
$1.42B
-10,965
Closed -$941K
TPIC
2164
DELISTED
TPI Composites
TPIC
-198,560
Closed -$5.81M
TR icon
2165
Tootsie Roll Industries
TR
$2.97B
$0 ﹤0.01%
5
TRC icon
2166
Tejon Ranch
TRC
$460M
-79,724
Closed -$1.94M
TRTX
2167
TPG RE Finance Trust
TRTX
$635M
-102,058
Closed -$2.07M
VRCA icon
2168
Verrica Pharmaceuticals
VRCA
$89M
-3,000
Closed -$592K
XERS icon
2169
Xeris Biopharma Holdings
XERS
$1.45B
-15,000
Closed -$285K
MTUS icon
2170
Metallus
MTUS
$833M
$0 ﹤0.01%
6
TECX
2171
Tectonic Therapeutic
TECX
$536M
-1,250
Closed -$428K
RNTX
2172
Rein Therapeutics
RNTX
$64.8M
-882
Closed -$96K
ZUO
2173
DELISTED
Zuora, Inc.
ZUO
-20,000
Closed -$544K
TELL
2174
DELISTED
Tellurian Inc.
TELL
-180,000
Closed -$1.5M
NWLI
2175
DELISTED
National Western Life Group, Inc. Class A
NWLI
-3,083
Closed -$947K

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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.