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 | |
|---|---|---|---|---|---|---|
|
NBIS
476
Nebius Group N.V.
NBIS
$56.9B
| $85.8M | 0.04% |
3,914,637
+1,175,362
| +43% | +$26.8M |
|
477
Helmerich & Payne
HP
$4.16B
| $85.7M | 0.04% |
1,286,709
-27,479
| -2% | -$1.96M |
|
478
Lumen
LUMN
$6.88B
| $85.4M | 0.04% |
3,624,519
| – | – |
|
|
VMW
479
DELISTED
VMware, Inc
VMW
| $85.4M | 0.04% |
926,622
-63,815
| -6% | -$5.62M |
|
480
TransDigm Group
TDG
$59.7B
| $85.1M | 0.03% |
386,626
+78,332
| +25% | +$18.7M |
|
481
Franklin Templeton
BEN
$16.6B
| $84.4M | 0.03% |
2,002,196
-356,999
| -15% | -$14.8M |
|
482
Teck Resources
TECK
$31.5B
| $84.2M | 0.03% |
3,859,995
-1,166,822
| -23% | -$26.1M |
|
|
VAL
483
DELISTED
Valspar
VAL
| $83.9M | 0.03% |
756,220
-66,600
| -8% | -$7.31M |
|
484
Iron Mountain
IRM
$33.4B
| $83.4M | 0.03% |
2,338,781
-364,846
| -13% | -$12.9M |
|
|
VER
485
DELISTED
VEREIT, Inc.
VER
| $82.9M | 0.03% |
1,953,856
+106,813
| +6% | +$4.6M |
|
486
Pinnacle West Capital
PNW
$11.5B
| $82.5M | 0.03% |
989,317
-70,543
| -7% | -$5.64M |
|
487
Autoliv
ALV
$8.49B
| $82.5M | 0.03% |
1,119,143
+111,416
| +11% | +$8.62M |
|
488
Avery Dennison
AVY
$13.1B
| $82.4M | 0.03% |
1,022,542
+166,642
| +19% | +$12.9M |
|
489
BioMarin Pharmaceuticals
BMRN
$12.5B
| $82.2M | 0.03% |
936,413
-77,013
| -8% | -$6.85M |
|
490
Arthur J. Gallagher & Co
AJG
$62.5B
| $82.1M | 0.03% |
1,452,325
+834
| +0.1% | +$46K |
|
491
Palo Alto Networks
PANW
$307B
| $81.9M | 0.03% |
4,362,528
+1,145,640
| +36% | +$25.6M |
|
492
Diamondback Energy
FANG
$54.5B
| $81.8M | 0.03% |
788,816
+139,208
| +21% | +$14.4M |
|
|
NFX
493
DELISTED
Newfield Exploration
NFX
| $81.7M | 0.03% |
2,213,428
+244,189
| +12% | +$9.5M |
|
|
GRUB
494
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $81.6M | 0.03% |
1,240,258
-712,015
| -36% | -$52.6M |
|
495
Agnico Eagle Mines
AEM
$99B
| $81.5M | 0.03% |
1,925,693
+39,914
| +2% | +$1.79M |
|
496
H&R Block
HRB
$5.56B
| $80.9M | 0.03% |
3,477,651
+1,344,727
| +63% | +$30.1M |
|
|
SRCL
497
DELISTED
Stericycle Inc
SRCL
| $80.8M | 0.03% |
974,765
+198,590
| +26% | +$16M |
|
498
Sensata Technologies
ST
$6.1B
| $80.6M | 0.03% |
1,845,705
+512,530
| +38% | +$21.5M |
|
499
Fortune Brands Innovations
FBIN
$4.72B
| $80.5M | 0.03% |
1,547,236
+20,525
| +1% | +$1.01M |
|
500
Coty
COTY
$2.32B
| $80.3M | 0.03% |
4,428,457
-1,703,435
| -28% | -$32.2M |
|
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.