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 | |
|---|---|---|---|---|---|---|
|
TGNA
651
DELISTED
TEGNA Inc
TGNA
| $65M | 0.02% |
4,617,197
| – | – |
|
|
TCO
652
DELISTED
Taubman Centers Inc.
TCO
| $64.9M | 0.02% |
991,829
-133,402
| -12% | -$7.33M |
|
|
CMD
653
DELISTED
Cantel Medical Corporation
CMD
| $64.6M | 0.02% |
628,401
-33,127
| -5% | -$3.3M |
|
654
W.P. Carey
WPC
$16.8B
| $64.6M | 0.02% |
956,688
-25,414
| -3% | -$1.74M |
|
655
Jazz Pharmaceuticals
JAZZ
$15.9B
| $64.4M | 0.02% |
478,083
+15,925
| +3% | +$2.21M |
|
656
Brown-Forman Class B
BF.B
$13.2B
| $64.2M | 0.02% |
1,460,069
+328,875
| +29% | +$12.5M |
|
657
Graco
GGG
$12.9B
| $64.2M | 0.02% |
1,418,913
-50,610
| -3% | -$2.19M |
|
658
IPG Photonics
IPGP
$3.61B
| $64.2M | 0.02% |
299,633
-64,731
| -18% | -$13.7M |
|
|
LPT
659
DELISTED
Liberty Property Trust
LPT
| $64.1M | 0.02% |
1,490,075
| – | – |
|
660
Bio-Techne
TECH
$11.2B
| $63.9M | 0.02% |
1,973,372
-226,392
| -10% | -$7.19M |
|
|
FLIR
661
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $63.7M | 0.02% |
1,365,780
| – | – |
|
|
HRC
662
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $63.6M | 0.02% |
754,451
-66,801
| -8% | -$5.41M |
|
663
Insperity
NSP
$1.93B
| $63.4M | 0.02% |
1,105,606
+181,010
| +20% | +$9.58M |
|
664
Assurant
AIZ
$13.8B
| $63.2M | 0.02% |
627,060
-10,095
| -2% | -$998K |
|
665
Nu Skin
NUS
$252M
| $63.2M | 0.02% |
925,902
+25,448
| +3% | +$1.65M |
|
666
Equity Lifestyle Properties
ELS
$12.6B
| $63M | 0.02% |
1,415,930
| – | – |
|
667
Urban Outfitters
URBN
$6.35B
| $62.9M | 0.02% |
1,792,936
-427,636
| -19% | -$12M |
|
668
Gaming and Leisure Properties
GLPI
$12.7B
| $62.7M | 0.02% |
1,693,863
-121,961
| -7% | -$4.44M |
|
669
Louisiana-Pacific
LPX
$5.06B
| $62.5M | 0.02% |
2,380,885
+42,221
| +2% | +$1.14M |
|
|
LM
670
DELISTED
Legg Mason, Inc.
LM
| $62.5M | 0.02% |
1,488,262
| – | – |
|
671
John Wiley & Sons Class A
WLY
$2.65B
| $62.3M | 0.02% |
946,763
+21,378
| +2% | +$1.24M |
|
|
UMPQ
672
DELISTED
Umpqua Holdings Corp
UMPQ
| $62M | 0.02% |
2,982,515
-60,259
| -2% | -$1.25M |
|
673
Revvity
RVTY
$12.6B
| $61.8M | 0.02% |
845,830
| – | – |
|
|
HBI
674
DELISTED
Hanesbrands
HBI
| $61.4M | 0.02% |
2,936,286
-397,655
| -12% | -$8.49M |
|
|
VRN
675
DELISTED
Veren
VRN
| $61.1M | 0.02% |
7,986,055
| – | – |
|
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.