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 |
Apple
AAPL
|
+$376M |
| 2 |
Meta Platforms (Facebook)
META
|
+$341M |
| 3 |
TechnipFMC
FTI
|
+$267M |
| 4 |
Enbridge
ENB
|
+$226M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aflac
AFL
|
+$533M |
| 2 |
Prudential Financial
PRU
|
+$330M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
+$224M |
| 4 |
Deutsche Bank
DB
|
+$175M |
| 5 |
Blackrock
BLK
|
+$168M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.68% |
| 2 | Technology | 15.63% |
| 3 | Healthcare | 13.78% |
| 4 | Consumer Discretionary | 9.51% |
| 5 | Industrials | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Targa Resources
TRGP
$61.6B
| $108M | 0.04% |
1,806,441
+198,070
| +12% | +$11.5M |
|
402
CBRE Group
CBRE
$41.2B
| $108M | 0.04% |
3,102,210
+996,908
| +47% | +$33.3M |
|
403
Flex
FLEX
$41.2B
| $108M | 0.04% |
8,509,878
+926,012
| +12% | +$11.1M |
|
404
Campbell Soup
CPB
$6.43B
| $107M | 0.04% |
1,869,285
-42,905
| -2% | -$2.6M |
|
|
MJN
405
DELISTED
Mead Johnson Nutrition Company
MJN
| $107M | 0.04% |
1,200,711
-247,819
| -17% | -$20.4M |
|
|
HOLX
406
DELISTED
Hologic
HOLX
| $107M | 0.04% |
2,510,433
+434,150
| +21% | +$17.7M |
|
407
Hartford Financial Services
HIG
$36.7B
| $107M | 0.04% |
2,218,465
-336,090
| -13% | -$16.3M |
|
|
CA
408
DELISTED
CA, Inc.
CA
| $105M | 0.04% |
3,325,469
| – | – |
|
409
Tesla
TSLA
$1.43T
| $105M | 0.04% |
5,680,200
-964,290
| -15% | -$16.3M |
|
410
Fastenal
FAST
$57.1B
| $105M | 0.04% |
8,136,784
-223,468
| -3% | -$2.8M |
|
|
COL
411
DELISTED
Rockwell Collins
COL
| $105M | 0.04% |
1,078,115
+77,257
| +8% | +$7.26M |
|
412
MGM Resorts International
MGM
$9.74B
| $104M | 0.04% |
3,812,445
-2,885
| -0.1% | -$80K |
|
413
ResMed
RMD
$33B
| $104M | 0.04% |
1,441,378
+21,110
| +1% | +$1.46M |
|
414
VeriSign
VRSN
$27B
| $103M | 0.04% |
1,187,832
-9,880
| -0.8% | -$821K |
|
|
AMTD
415
DELISTED
TD Ameritrade Holding Corp
AMTD
| $103M | 0.04% |
2,646,466
-118,698
| -4% | -$5.05M |
|
416
Clorox
CLX
$10.5B
| $103M | 0.04% |
761,861
-261,172
| -26% | -$33.8M |
|
417
Centene
CNC
$33.2B
| $102M | 0.04% |
2,870,132
-430,374
| -13% | -$14.4M |
|
|
NBL
418
DELISTED
Noble Energy, Inc.
NBL
| $102M | 0.04% |
2,972,213
-94,981
| -3% | -$3.52M |
|
419
Oneok
OKE
$59.2B
| $101M | 0.04% |
1,821,940
-27,786
| -2% | -$1.53M |
|
|
IPG
420
DELISTED
Interpublic Group of Companies
IPG
| $101M | 0.04% |
4,093,597
-9,215
| -0.2% | -$221K |
|
421
Bath & Body Works
BBWI
$3.48B
| $100M | 0.04% |
2,628,542
+386,040
| +17% | +$17.4M |
|
|
FRC
422
DELISTED
First Republic Bank
FRC
| $100M | 0.04% |
1,066,445
-113,210
| -10% | -$10.7M |
|
423
Mid-America Apartment Communities
MAA
$14.3B
| $99.8M | 0.04% |
980,863
+4,812
| +0.5% | +$476K |
|
|
CTRA
424
DELISTED
Coterra Energy
CTRA
| $99.2M | 0.04% |
4,147,774
+531,009
| +15% | +$12M |
|
|
XEC
425
DELISTED
CIMAREX ENERGY CO
XEC
| $99.1M | 0.04% |
829,061
+3,767
| +0.5% | +$489K |
|
Similar funds
Norges Bank's Q1 2017 Portfolio in Review
As of Q1 2017, Norges Bank held 2,251 positions worth $244B, up 6.5% from $229B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Norges Bank's Q1 2017 filing shows 100 new, 1,048 increased, 797 reduced and 111 closed positions. Its largest new stake was Park Hotels & Resorts: 6,552,098 shares worth $168M. The largest sale was Aflac, an estimated $533M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q1 2017 buy was Park Hotels & Resorts: 6,552,098 shares worth $168M.
- Norges Bank added most to Apple in Q1 2017, an estimated $376M increase.
- Norges Bank's biggest Q1 2017 reduction was Aflac, cutting an estimated $533M.
- Norges Bank fully exited Spectra Energy Corp Wi in Q1 2017, selling an estimated $224M.
- Norges Bank's ten largest holdings make up 15% of its $244B portfolio in Q1 2017.
- Norges Bank opened 100 new positions and closed 111 in Q1 2017.
- Norges Bank's portfolio value rose 6.5% quarter-over-quarter to $244B.
Based on Norges Bank's 13F filing for Q1 2017, filed 10 May 2017.