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 | |
|---|---|---|---|---|---|---|
726
Oceaneering
OII
$4.64B
| $47.5M | 0.02% |
1,755,215
+178,878
| +11% | +$4.89M |
|
727
Portland General Electric
POR
$5.63B
| $47.5M | 0.02% |
1,068,515
+112,828
| +12% | +$4.97M |
|
728
MSC Industrial Direct
MSM
$6.73B
| $47.4M | 0.02% |
460,966
+15,018
| +3% | +$1.52M |
|
729
Hanover Insurance
THG
$8.07B
| $47.4M | 0.02% |
525,952
+42,052
| +9% | +$3.72M |
|
730
Regal Rexnord
RRX
$9.94B
| $47.2M | 0.02% |
623,906
+28,661
| +5% | +$2.11M |
|
731
Spectrum Brands
SPB
$1.99B
| $47.1M | 0.02% |
338,838
+1,746
| +0.5% | +$232K |
|
|
NE
732
DELISTED
Noble Corporation
NE
| $47M | 0.02% |
7,600,965
+4,152,105
| +120% | +$27.9M |
|
|
OPLN
733
Openlane
OPLN
$4.28B
| $47M | 0.02% |
2,844,530
-199,712
| -7% | -$3.41M |
|
734
Sinclair Inc
SBGI
$1.01B
| $46.9M | 0.02% |
1,158,178
+228,408
| +25% | +$8.41M |
|
735
American Homes 4 Rent
AMH
$11.3B
| $46.8M | 0.02% |
2,038,635
+40,464
| +2% | +$905K |
|
|
SWN
736
DELISTED
Southwestern Energy Company
SWN
| $46.8M | 0.02% |
5,723,071
-2,409,897
| -30% | -$20.9M |
|
|
GRA
737
DELISTED
W.R. Grace & Co.
GRA
| $46.7M | 0.02% |
669,334
+71,625
| +12% | +$5.03M |
|
|
TSRO
738
DELISTED
TESARO, Inc.
TSRO
| $46.6M | 0.02% |
302,757
+4,139
| +1% | +$674K |
|
|
CVG
739
DELISTED
Convergys
CVG
| $46.6M | 0.02% |
2,201,777
+650,075
| +42% | +$15.3M |
|
740
Rithm Capital
RITM
$5.29B
| $46.6M | 0.02% |
2,742,106
+389,868
| +17% | +$6.38M |
|
741
Teradata
TDC
$2.71B
| $46.6M | 0.02% |
1,495,864
+206,865
| +16% | +$6.25M |
|
742
LPL Financial
LPLA
$26.2B
| $46.5M | 0.02% |
1,167,956
-50,851
| -4% | -$2M |
|
743
Urban Outfitters
URBN
$6.6B
| $46.3M | 0.02% |
1,950,682
+985,629
| +102% | +$25.5M |
|
744
Advanced Micro Devices
AMD
$837B
| $46.3M | 0.02% |
3,184,903
-1,287,933
| -29% | -$16.3M |
|
745
United Therapeutics
UTHR
$21.4B
| $46.3M | 0.02% |
341,953
-104,085
| -23% | -$15.8M |
|
746
Sun Communities
SUI
$14B
| $46.2M | 0.02% |
574,997
+28,131
| +5% | +$2.24M |
|
|
LSXMK
747
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $46M | 0.02% |
1,558,123
-53,496
| -3% | -$1.51M |
|
748
Lazard
LAZ
$3.57B
| $46M | 0.02% |
999,602
+364,009
| +57% | +$15.7M |
|
749
Factset
FDS
$9.83B
| $46M | 0.02% |
278,737
-46,764
| -14% | -$8.18M |
|
750
West Pharmaceutical
WST
$25.5B
| $45.9M | 0.02% |
562,573
+24,470
| +5% | +$2.05M |
|
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.