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 | |
|---|---|---|---|---|---|---|
776
Howard Hughes
HHH
$3.71B
| $44.7M | 0.02% |
399,619
+45,556
| +13% | +$4.9M |
|
|
ELLI
777
DELISTED
Ellie Mae Inc
ELLI
| $44.5M | 0.02% |
443,571
-30,166
| -6% | -$2.77M |
|
778
Kirby Corp
KEX
$7.23B
| $44.4M | 0.02% |
629,943
| – | – |
|
779
Ralph Lauren
RL
$20.2B
| $44.1M | 0.02% |
540,318
-251,301
| -32% | -$20.7M |
|
|
VVC
780
DELISTED
Vectren Corporation
VVC
| $43.8M | 0.02% |
748,099
-43,607
| -6% | -$2.42M |
|
781
Arista Networks
ANET
$249B
| $43.8M | 0.02% |
5,299,088
+87,984
| +2% | +$607K |
|
782
Allegion
ALLE
$13B
| $43.8M | 0.02% |
578,284
-74,212
| -11% | -$5.24M |
|
783
Blackbaud
BLKB
$2.03B
| $43.7M | 0.02% |
569,708
-92,837
| -14% | -$6.58M |
|
784
Timken Company
TKR
$8.09B
| $43.7M | 0.02% |
966,080
+248,218
| +35% | +$10.9M |
|
785
Southwest Gas
SWX
$6.28B
| $43.6M | 0.02% |
525,628
-77,721
| -13% | -$6.34M |
|
|
RDC
786
DELISTED
Rowan Companies Plc
RDC
| $43.5M | 0.02% |
2,792,183
+1,230,180
| +79% | +$21.7M |
|
|
EV
787
DELISTED
Eaton Vance Corp.
EV
| $43.5M | 0.02% |
967,454
-62,343
| -6% | -$2.76M |
|
788
AGCO
AGCO
$8.4B
| $43.5M | 0.02% |
722,644
| – | – |
|
|
CTLT
789
DELISTED
CATALENT, INC.
CTLT
| $43.5M | 0.02% |
1,534,804
+168,538
| +12% | +$4.71M |
|
|
MNK
790
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $43.5M | 0.02% |
975,219
+60,449
| +7% | +$2.98M |
|
|
HSNI
791
DELISTED
HSN, Inc.
HSNI
| $43.2M | 0.02% |
1,164,798
+569,168
| +96% | +$20.4M |
|
|
ISBC
792
DELISTED
Investors Bancorp, Inc.
ISBC
| $43.1M | 0.02% |
2,999,729
+280,804
| +10% | +$4.02M |
|
793
Assured Guaranty
AGO
$3.14B
| $43M | 0.02% |
1,159,034
-294,287
| -20% | -$11.7M |
|
794
Emcor
EME
$32.6B
| $43M | 0.02% |
682,729
+49,447
| +8% | +$3.28M |
|
|
LVNTA
795
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $43M | 0.02% |
966,154
+75,000
| +8% | +$3.21M |
|
796
AdvanSix
ASIX
$449M
| $43M | 0.02% |
1,572,441
+893,324
| +132% | +$23.1M |
|
797
Southern Copper
SCCO
$160B
| $42.9M | 0.02% |
1,305,927
-786,061
| -38% | -$26.3M |
|
|
STOR
798
DELISTED
STORE Capital Corporation
STOR
| $42.9M | 0.02% |
1,797,873
+554,796
| +45% | +$13.5M |
|
799
Wabtec
WAB
$46.7B
| $42.9M | 0.02% |
550,074
+27,993
| +5% | +$2.31M |
|
800
Sprouts Farmers Market
SFM
$6.63B
| $42.9M | 0.02% |
1,855,308
+863,727
| +87% | +$16.9M |
|
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.