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 | |
|---|---|---|---|---|---|---|
626
Vail Resorts
MTN
$4.99B
| $58.3M | 0.02% |
303,656
-9,543
| -3% | -$1.69M |
|
|
DST
627
DELISTED
DST Systems Inc.
DST
| $58.2M | 0.02% |
950,318
+426,926
| +82% | +$24.8M |
|
628
Cintas
CTAS
$79.8B
| $58.2M | 0.02% |
1,838,516
-455,324
| -20% | -$13.5M |
|
629
Gaming and Leisure Properties
GLPI
$11.7B
| $58.1M | 0.02% |
1,738,561
| – | – |
|
|
BRCD
630
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $58.1M | 0.02% |
4,655,309
-127,973
| -3% | -$1.59M |
|
631
Newmont
NEM
$128B
| $57.5M | 0.02% |
1,745,269
-163,385
| -9% | -$5.71M |
|
632
Fortinet
FTNT
$126B
| $57.5M | 0.02% |
7,494,370
+2,339,535
| +45% | +$16.5M |
|
633
Allstate
ALL
$64.4B
| $57.3M | 0.02% |
703,110
+443,905
| +171% | +$34.9M |
|
634
Lennar Class A
LEN
$18.9B
| $57.2M | 0.02% |
1,174,431
-40,908
| -3% | -$1.85M |
|
|
ABMD
635
DELISTED
Abiomed Inc
ABMD
| $57.1M | 0.02% |
456,171
-20,406
| -4% | -$2.37M |
|
|
BERY
636
DELISTED
Berry Global Group, Inc.
BERY
| $57.1M | 0.02% |
1,280,530
-115,404
| -8% | -$5.31M |
|
|
TSE
637
DELISTED
Trinseo
TSE
| $57M | 0.02% |
849,626
+262,241
| +45% | +$17.6M |
|
638
Steris
STE
$20.5B
| $56.9M | 0.02% |
819,053
+148,657
| +22% | +$10.3M |
|
639
Gildan
GIL
$8.58B
| $56.7M | 0.02% |
2,103,706
+85,470
| +4% | +$2.18M |
|
640
Reliance Steel & Aluminium
RS
$20.1B
| $56.6M | 0.02% |
707,648
+49,783
| +8% | +$4.09M |
|
641
Adient
ADNT
$1.41B
| $56.6M | 0.02% |
778,453
-47,580
| -6% | -$3.13M |
|
642
Avnet
AVT
$7.61B
| $56.4M | 0.02% |
1,231,809
-82,398
| -6% | -$3.81M |
|
|
PNRA
643
DELISTED
Panera Bread Co
PNRA
| $56.3M | 0.02% |
215,174
-19,694
| -8% | -$4.47M |
|
|
FLIR
644
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $56.3M | 0.02% |
1,550,949
-27,840
| -2% | -$1M |
|
645
Huntsman Corp
HUN
$1.61B
| $56.2M | 0.02% |
2,288,267
+186,794
| +9% | +$4.02M |
|
646
Northern Trust
NTRS
$32.3B
| $56.1M | 0.02% |
647,752
+388,738
| +150% | +$33.8M |
|
647
Core Laboratories
CLB
$525M
| $56M | 0.02% |
484,919
+224,603
| +86% | +$26.1M |
|
648
Toll Brothers
TOL
$12.2B
| $55.8M | 0.02% |
1,545,837
+26,501
| +2% | +$884K |
|
649
Reinsurance Group of America
RGA
$16.2B
| $55.7M | 0.02% |
438,286
+15,140
| +4% | +$1.92M |
|
650
Murphy Oil
MUR
$5.48B
| $55.5M | 0.02% |
1,940,978
+74,237
| +4% | +$2.14M |
|
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.