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 | |
|---|---|---|---|---|---|---|
451
Copart
CPRT
$28.5B
| $93.9M | 0.04% |
12,125,104
+6,744,496
| +125% | +$49.6M |
|
452
Ally Financial
ALLY
$12.4B
| $93.6M | 0.04% |
4,604,038
+803,994
| +21% | +$17.1M |
|
453
Cboe Global Markets
CBOE
$27.9B
| $92.9M | 0.04% |
1,145,660
+454,855
| +66% | +$35.6M |
|
454
Huntington Ingalls Industries
HII
$10.9B
| $92.6M | 0.04% |
462,308
-12,294
| -3% | -$2.5M |
|
|
GRMN
455
Garmin
GRMN
$53.4B
| $92.2M | 0.04% |
1,804,702
-101,304
| -5% | -$5.1M |
|
|
CSC
456
DELISTED
Computer Sciences
CSC
| $92.2M | 0.04% |
1,335,354
+369,835
| +38% | +$24.5M |
|
457
Cooper Companies
COO
$10.4B
| $91.8M | 0.04% |
1,837,116
-109,760
| -6% | -$5.21M |
|
458
CMS Energy
CMS
$20.7B
| $91.4M | 0.04% |
2,042,842
-218,622
| -10% | -$9.47M |
|
459
CDW
CDW
$18.8B
| $91.1M | 0.04% |
1,578,959
+234,560
| +17% | +$13.2M |
|
|
WP
460
DELISTED
Worldpay, Inc.
WP
| $90.8M | 0.04% |
1,416,257
-129,481
| -8% | -$8.24M |
|
461
Ball Corp
BALL
$16.2B
| $90.7M | 0.04% |
2,443,428
-314,836
| -11% | -$11.8M |
|
|
TSS
462
DELISTED
Total System Services, Inc.
TSS
| $90.3M | 0.04% |
1,688,424
-100,147
| -6% | -$5.34M |
|
463
W.R. Berkley
WRB
$26.2B
| $89.8M | 0.04% |
4,292,656
+120,309
| +3% | +$2.48M |
|
464
Harley-Davidson
HOG
$2.83B
| $89.7M | 0.04% |
1,482,198
-503,838
| -25% | -$29.6M |
|
465
ManpowerGroup
MAN
$2.68B
| $89.6M | 0.04% |
873,745
-117,112
| -12% | -$11.4M |
|
466
UDR
UDR
$11.1B
| $89M | 0.04% |
2,455,326
+219,328
| +10% | +$7.84M |
|
|
ATH
467
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $88.9M | 0.04% |
1,778,181
-221,819
| -11% | -$11M |
|
|
DRE
468
DELISTED
Duke Realty Corp.
DRE
| $88.7M | 0.04% |
3,376,703
+290,991
| +9% | +$7.48M |
|
469
MSCI
MSCI
$39.3B
| $88.3M | 0.04% |
908,774
+17,512
| +2% | +$1.59M |
|
470
Principal Financial Group
PFG
$25.1B
| $87.4M | 0.04% |
1,385,165
-180,290
| -12% | -$11M |
|
471
Kohl's
KSS
$1.87B
| $86.8M | 0.04% |
2,181,061
-419,873
| -16% | -$17.1M |
|
472
NVR
NVR
$16.6B
| $86.5M | 0.04% |
41,046
+3,014
| +8% | +$5.71M |
|
473
Air Products & Chemicals
APD
$63.9B
| $86.4M | 0.04% |
638,909
-54,541
| -8% | -$7.69M |
|
|
TGNA
474
DELISTED
TEGNA Inc
TGNA
| $86M | 0.04% |
5,244,503
+1,653,492
| +46% | +$25.4M |
|
475
Realty Income
O
$54.2B
| $86M | 0.04% |
1,490,665
+856
| +0.1% | +$49.6K |
|
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.