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 | |
|---|---|---|---|---|---|---|
751
AptarGroup
ATR
$7.93B
| $45.9M | 0.02% |
596,160
+136,107
| +30% | +$10.2M |
|
752
Prosperity Bancshares
PB
$8.45B
| $45.8M | 0.02% |
656,895
+95,529
| +17% | +$6.94M |
|
753
HEICO Corp
HEI
$41.8B
| $45.8M | 0.02% |
1,281,489
+288,855
| +29% | +$9.62M |
|
754
Hawaiian Electric Industries
HE
$1.77B
| $45.7M | 0.02% |
1,373,373
-142,919
| -9% | -$4.74M |
|
755
Associated Banc-Corp
ASB
$5.62B
| $45.7M | 0.02% |
1,871,212
-153,593
| -8% | -$3.86M |
|
756
Carter's
CRI
$1.07B
| $45.6M | 0.02% |
508,120
+85,172
| +20% | +$7.34M |
|
757
ScottsMiracle-Gro
SMG
$3.19B
| $45.5M | 0.02% |
487,466
+62,721
| +15% | +$5.81M |
|
|
SIX
758
DELISTED
Six Flags Entertainment Corp.
SIX
| $45.5M | 0.02% |
765,184
+20,889
| +3% | +$1.25M |
|
759
PBF Energy
PBF
$9B
| $45.5M | 0.02% |
2,051,840
+202,781
| +11% | +$4.75M |
|
760
Ziff Davis
ZD
$2.01B
| $45.4M | 0.02% |
622,544
-100,274
| -14% | -$7.33M |
|
761
Quanta Services
PWR
$93.1B
| $45.3M | 0.02% |
1,221,307
| – | – |
|
762
Omega Healthcare
OHI
$14.2B
| $45.3M | 0.02% |
1,373,801
| – | – |
|
|
LBRDK
763
DELISTED
Liberty Broadband Class C
LBRDK
| $45.3M | 0.02% |
524,393
+243,189
| +86% | +$20.3M |
|
764
Telus
TU
$14B
| $45.3M | 0.02% |
2,798,610
+109,978
| +4% | +$1.8M |
|
|
HPP
765
Hudson Pacific Properties
HPP
$620M
| $45.3M | 0.02% |
186,748
+24,330
| +15% | +$6M |
|
766
Deluxe
DLX
$1.08B
| $45.2M | 0.02% |
626,931
+38,974
| +7% | +$2.85M |
|
767
NorthWestern Energy
NWE
$4.22B
| $45.2M | 0.02% |
769,688
+454,874
| +144% | +$26.1M |
|
|
HBI
768
DELISTED
Hanesbrands
HBI
| $45.1M | 0.02% |
2,173,150
-978,982
| -31% | -$20.8M |
|
769
Crane NXT
CXT
$2.72B
| $45.1M | 0.02% |
1,733,509
-38,590
| -2% | -$987K |
|
|
FCE.A
770
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $45M | 0.02% |
2,067,364
-72,849
| -3% | -$1.61M |
|
|
ARRS
771
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $45M | 0.02% |
1,699,425
-132,864
| -7% | -$3.71M |
|
772
Dolby
DLB
$5.5B
| $44.9M | 0.02% |
856,019
-58,778
| -6% | -$2.91M |
|
|
WPX
773
DELISTED
WPX Energy, Inc.
WPX
| $44.9M | 0.02% |
3,350,535
-103,761
| -3% | -$1.39M |
|
|
CLGX
774
DELISTED
Corelogic, Inc.
CLGX
| $44.9M | 0.02% |
1,101,529
+281,338
| +34% | +$10.7M |
|
|
ODP
775
DELISTED
ODP
ODP
| $44.7M | 0.02% |
958,023
-5,648
| -0.6% | -$256K |
|
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.