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 | |
|---|---|---|---|---|---|---|
701
Curtiss-Wright
CW
$21.1B
| $49.8M | 0.02% |
545,456
| – | – |
|
|
TRCO
702
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $49.6M | 0.02% |
1,332,075
-6,144
| -0.5% | -$208K |
|
703
Herbalife
HLF
$1.24B
| $49.4M | 0.02% |
1,697,868
+69,470
| +4% | +$1.93M |
|
|
HOUS
704
DELISTED
Anywhere Real Estate
HOUS
| $49.3M | 0.02% |
1,654,701
-169,887
| -9% | -$4.62M |
|
705
Televisa
TV
$1.15B
| $49.3M | 0.02% |
1,898,992
| – | – |
|
706
Pediatrix Medical
MD
$2.12B
| $49.2M | 0.02% |
708,427
-143,566
| -17% | -$9.97M |
|
707
Invitation Homes
INVH
$16.1B
| $49.1M | 0.02% |
+2,250,987
| New | +$48M |
|
708
News Corp Class A
NWSA
$16.2B
| $49M | 0.02% |
3,769,708
+260,617
| +7% | +$3.26M |
|
709
Bruker
BRKR
$9.24B
| $49M | 0.02% |
2,100,345
-38,370
| -2% | -$901K |
|
710
Wolverine World Wide
WWW
$1.58B
| $49M | 0.02% |
1,960,661
+332,246
| +20% | +$7.97M |
|
711
Starwood Property Trust
STWD
$5.55B
| $48.9M | 0.02% |
2,166,802
-94,546
| -4% | -$2.13M |
|
|
CHK
712
DELISTED
Chesapeake Energy Corporation
CHK
| $48.9M | 0.02% |
41,177
+728
| +2% | +$885K |
|
|
HRC
713
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $48.6M | 0.02% |
688,425
+34,581
| +5% | +$2.2M |
|
714
Jack Henry & Associates
JKHY
$11.1B
| $48.6M | 0.02% |
521,944
-3,902
| -0.7% | -$360K |
|
|
SCG
715
DELISTED
Scana
SCG
| $48.6M | 0.02% |
743,394
-35,323
| -5% | -$2.44M |
|
716
Camden Property Trust
CPT
$11.7B
| $48.5M | 0.02% |
602,332
| – | – |
|
|
AHL
717
DELISTED
ASPEN Insurance Holding Limited
AHL
| $48.4M | 0.02% |
929,518
+188,077
| +25% | +$10.4M |
|
718
Westlake Corp
WLK
$9.03B
| $48.3M | 0.02% |
732,017
+91,066
| +14% | +$5.76M |
|
719
Take-Two Interactive
TTWO
$39.6B
| $48.3M | 0.02% |
815,484
+148,254
| +22% | +$8.28M |
|
|
UMPQ
720
DELISTED
Umpqua Holdings Corp
UMPQ
| $48M | 0.02% |
2,707,159
+421,886
| +18% | +$7.75M |
|
|
PBCT
721
DELISTED
People's United Financial Inc
PBCT
| $48M | 0.02% |
2,636,024
+92,115
| +4% | +$1.74M |
|
|
AWH
722
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $48M | 0.02% |
903,192
| – | – |
|
|
MIK
723
DELISTED
Michaels Stores, Inc
MIK
| $47.8M | 0.02% |
2,133,289
+916,647
| +75% | +$19.3M |
|
|
MSCC
724
DELISTED
Microsemi Corp
MSCC
| $47.7M | 0.02% |
924,831
| – | – |
|
725
Exelixis
EXEL
$14.1B
| $47.6M | 0.02% |
2,196,301
-277,353
| -11% | -$5.64M |
|
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.