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 | |
|---|---|---|---|---|---|---|
726
Teledyne Technologies
TDY
$31.1B
| $56.7M | 0.02% |
312,881
| – | – |
|
727
Jefferies Financial Group
JEF
$12.8B
| $56.5M | 0.02% |
2,384,366
| – | – |
|
|
CLGX
728
DELISTED
Corelogic, Inc.
CLGX
| $56.4M | 0.02% |
1,221,259
-14,184
| -1% | -$656K |
|
729
Charles River Laboratories
CRL
$11.1B
| $56.4M | 0.02% |
515,152
| – | – |
|
730
Landstar System
LSTR
$6B
| $56.3M | 0.02% |
541,225
-31,001
| -5% | -$3.11M |
|
731
Crane NXT
CXT
$3.09B
| $56.2M | 0.02% |
1,813,439
| – | – |
|
|
VR
732
DELISTED
Validus Hold Ltd
VR
| $56M | 0.02% |
1,193,174
| – | – |
|
733
FirstCash
FCFS
$9.08B
| $56M | 0.02% |
829,831
-24,605
| -3% | -$1.59M |
|
734
Middleby
MIDD
$6.14B
| $55.9M | 0.02% |
413,872
| – | – |
|
735
Jones Lang LaSalle
JLL
$16.8B
| $55.8M | 0.02% |
374,758
-3,875
| -1% | -$548K |
|
736
Telus
TU
$15.1B
| $55.8M | 0.02% |
2,935,708
| – | – |
|
737
Snap-on
SNA
$21.2B
| $55.7M | 0.02% |
319,528
-283,094
| -47% | -$45.8M |
|
|
VSM
738
DELISTED
Versum Materials, Inc.
VSM
| $55.5M | 0.02% |
1,465,245
| – | – |
|
739
Haemonetics
HAE
$3.94B
| $55.4M | 0.02% |
953,373
-19,840
| -2% | -$1.04M |
|
|
PRMW
740
DELISTED
Primo Water Corporation
PRMW
| $55.3M | 0.02% |
3,316,348
+1,420,901
| +75% | +$22.8M |
|
741
CAE Inc. Common Shares
CAE
$8.51B
| $55.3M | 0.02% |
2,965,028
+225,082
| +8% | +$3.98M |
|
|
LSXMK
742
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $55.2M | 0.02% |
1,828,120
-321,013
| -15% | -$10.2M |
|
743
Edgewell Personal Care
EPC
$1.27B
| $55.1M | 0.02% |
927,335
-174,284
| -16% | -$11M |
|
744
Brixmor Property Group
BRX
$9.68B
| $55.1M | 0.02% |
2,950,626
-91,751
| -3% | -$1.68M |
|
745
NiSource
NI
$21.3B
| $55.1M | 0.02% |
2,144,867
-296,439
| -12% | -$7.87M |
|
746
Dolby
DLB
$5.59B
| $54.9M | 0.02% |
884,818
-16,185
| -2% | -$978K |
|
747
Selective Insurance
SIGI
$5.69B
| $54.8M | 0.02% |
933,487
| – | – |
|
748
Essential Utilities
WTRG
$11B
| $54.8M | 0.02% |
1,396,528
+28,232
| +2% | +$1.03M |
|
|
PRAH
749
DELISTED
PRA Health Sciences, Inc.
PRAH
| $54.6M | 0.02% |
599,876
-13,338
| -2% | -$1.11M |
|
750
News Corp Class A
NWSA
$15.1B
| $54.6M | 0.02% |
3,368,816
-229,938
| -6% | -$3.44M |
|
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.