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 |
Alibaba
BABA
|
+$486M |
| 2 |
Boston Properties
BXP
|
+$368M |
| 3 |
Verizon
VZ
|
+$301M |
| 4 |
Vornado Realty Trust
VNO
|
+$283M |
| 5 |
Baidu
BIDU
|
+$185M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$579M |
| 2 |
Ameriprise Financial
AMP
|
+$297M |
| 3 |
Nucor
NUE
|
+$290M |
| 4 |
Charter Communications
CHTR
|
+$216M |
| 5 |
Aflac
AFL
|
+$214M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.89% |
| 2 | Technology | 16.06% |
| 3 | Healthcare | 12.94% |
| 4 | Consumer Discretionary | 10.19% |
| 5 | Industrials | 9.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Teradyne
TER
$55.9B
| $98.5M | 0.04% |
2,351,628
+290,524
| +14% | +$12M |
|
|
WCG
477
DELISTED
Wellcare Health Plans, Inc.
WCG
| $98.3M | 0.04% |
488,626
-68,225
| -12% | -$13.2M |
|
|
DRE
478
DELISTED
Duke Realty Corp.
DRE
| $98.2M | 0.04% |
3,608,839
| – | – |
|
|
TSS
479
DELISTED
Total System Services, Inc.
TSS
| $98.1M | 0.04% |
1,240,605
+52,238
| +4% | +$3.8M |
|
|
CTRA
480
DELISTED
Coterra Energy
CTRA
| $97.8M | 0.04% |
3,421,261
| – | – |
|
481
Arch Capital
ACGL
$34.5B
| $97.7M | 0.04% |
3,230,199
-265,218
| -8% | -$8.48M |
|
|
SNI
482
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $97.3M | 0.03% |
1,139,952
+211,386
| +23% | +$17.5M |
|
483
Lumen
LUMN
$6.52B
| $97.1M | 0.03% |
5,822,197
+5,180,205
| +807% | +$87.8M |
|
484
American Financial Group
AFG
$11.8B
| $97.1M | 0.03% |
894,623
| – | – |
|
485
Cognex
CGNX
$10.9B
| $97.1M | 0.03% |
1,587,340
-115,664
| -7% | -$7.37M |
|
486
Coty
COTY
$2.53B
| $96.6M | 0.03% |
4,856,393
| – | – |
|
487
Bunge Global
BG
$19.9B
| $96.6M | 0.03% |
1,439,535
| – | – |
|
488
Henry Schein
HSIC
$9.9B
| $95.9M | 0.03% |
1,750,440
-92,909
| -5% | -$5.39M |
|
489
SiriusXM
SIRI
$10.3B
| $95.2M | 0.03% |
1,775,263
-152,048
| -8% | -$8.4M |
|
490
Agnico Eagle Mines
AEM
$73.1B
| $95M | 0.03% |
2,050,100
+5,198
| +0.3% | +$232K |
|
|
Y
491
DELISTED
Alleghany Corp
Y
| $94.5M | 0.03% |
158,522
| – | – |
|
492
Campbell Soup
CPB
$6.66B
| $94.4M | 0.03% |
1,962,023
| – | – |
|
493
Alnylam Pharmaceuticals
ALNY
$28.8B
| $94.3M | 0.03% |
742,261
+187,242
| +34% | +$23.5M |
|
494
Fortune Brands Innovations
FBIN
$6.08B
| $94.2M | 0.03% |
1,610,472
| – | – |
|
|
HES
495
DELISTED
Hess
HES
| $94.1M | 0.03% |
1,982,075
-23,573
| -1% | -$1.06M |
|
496
Aramark
ARMK
$15.1B
| $93.9M | 0.03% |
3,042,914
| – | – |
|
497
Robert Half
RHI
$4.01B
| $93.9M | 0.03% |
1,690,510
| – | – |
|
|
NLSN
498
DELISTED
Nielsen Holdings plc
NLSN
| $93.7M | 0.03% |
2,574,772
+80,546
| +3% | +$3.06M |
|
499
Pultegroup
PHM
$24.8B
| $93.5M | 0.03% |
2,813,503
+153,818
| +6% | +$4.78M |
|
500
Trimble
TRMB
$13.6B
| $93.4M | 0.03% |
2,298,131
| – | – |
|
Similar funds
Norges Bank's Q4 2017 Portfolio in Review
As of Q4 2017, Norges Bank held 2,177 positions worth $279B, up 5.9% from $264B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Norges Bank's Q4 2017 filing shows 52 new, 713 increased, 679 reduced and 62 closed positions. Its largest new stake was Delphi Technologies PLC Ordinary Shares: 1,452,122 shares worth $76.2M. The largest sale was Blackrock, an estimated $579M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q4 2017 buy was Delphi Technologies PLC Ordinary Shares: 1,452,122 shares worth $76.2M.
- Norges Bank added most to Alibaba in Q4 2017, an estimated $486M increase.
- Norges Bank's biggest Q4 2017 reduction was Blackrock, cutting an estimated $579M.
- Norges Bank fully exited CR Bard Inc. in Q4 2017, selling an estimated $201M.
- Norges Bank's ten largest holdings make up 16% of its $279B portfolio in Q4 2017.
- Norges Bank opened 52 new positions and closed 62 in Q4 2017.
- Norges Bank's portfolio value rose 5.9% quarter-over-quarter to $279B.
Based on Norges Bank's 13F filing for Q4 2017, filed 9 Feb 2018.