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 | |
|---|---|---|---|---|---|---|
826
Cullen/Frost Bankers
CFR
$9.91B
| $41.5M | 0.02% |
466,273
+2,869
| +0.6% | +$258K |
|
827
MillerKnoll
MLKN
$1.44B
| $41.5M | 0.02% |
1,314,259
+481,543
| +58% | +$14.9M |
|
828
EPR Properties
EPR
$4.37B
| $41.4M | 0.02% |
562,876
-13,695
| -2% | -$1.01M |
|
|
QCP
829
DELISTED
Quality Care Properties, Inc.
QCP
| $41.4M | 0.02% |
2,196,781
+1,210,307
| +123% | +$21.5M |
|
830
Booz Allen Hamilton
BAH
$9.43B
| $41.4M | 0.02% |
1,169,861
+10,317
| +0.9% | +$369K |
|
|
DISCK
831
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $41.4M | 0.02% |
1,460,733
+147,704
| +11% | +$4.05M |
|
|
FLG
832
Flagstar Bank National Association
FLG
$5.22B
| $41.3M | 0.02% |
986,255
-164,828
| -14% | -$7.43M |
|
833
Live Nation Entertainment
LYV
$39.9B
| $41.3M | 0.02% |
1,358,407
+18,974
| +1% | +$543K |
|
834
Warner Bros
WBD
$70.4B
| $41.2M | 0.02% |
1,415,808
-77,036
| -5% | -$2.16M |
|
|
MRC
835
DELISTED
MRC Global
MRC
| $41.2M | 0.02% |
2,246,859
+626,607
| +39% | +$12.4M |
|
836
lululemon athletica
LULU
$10.6B
| $41.2M | 0.02% |
793,905
-420,958
| -35% | -$27.7M |
|
837
Methode Electronics
MEI
$473M
| $41M | 0.02% |
899,839
+427,815
| +91% | +$18.2M |
|
838
Healthcare Realty
HR
$6.34B
| $40.9M | 0.02% |
1,300,444
| – | – |
|
839
Tyler Technologies
TYL
$14.2B
| $40.9M | 0.02% |
264,575
-104,390
| -28% | -$15.9M |
|
840
Range Resources
RRC
$9.08B
| $40.8M | 0.02% |
1,403,759
-478,610
| -25% | -$14.8M |
|
841
Graco
GGG
$12.4B
| $40.8M | 0.02% |
1,300,296
+50,496
| +4% | +$1.52M |
|
842
Pitney Bowes
PBI
$2.37B
| $40.8M | 0.02% |
3,110,614
+1,391,030
| +81% | +$19.7M |
|
|
DHC
843
Diversified Healthcare Trust
DHC
$1.92B
| $40.7M | 0.02% |
2,010,935
+322,425
| +19% | +$6.32M |
|
844
CNO Financial Group
CNO
$5.14B
| $40.7M | 0.02% |
1,985,729
-47,036
| -2% | -$943K |
|
845
Chubb
CB
$132B
| $40.6M | 0.02% |
298,050
+27,600
| +10% | +$3.71M |
|
846
Brunswick
BC
$4.39B
| $40.6M | 0.02% |
663,231
-42,002
| -6% | -$2.48M |
|
|
IBKC
847
DELISTED
IBERIABANK Corp
IBKC
| $40.5M | 0.02% |
512,110
+116,471
| +29% | +$9.55M |
|
|
MDRX
848
DELISTED
Veradigm Inc. Common Stock
MDRX
| $40.4M | 0.02% |
3,189,372
+349,126
| +12% | +$4.14M |
|
|
WRI
849
DELISTED
Weingarten Realty Investors
WRI
| $40.4M | 0.02% |
1,208,983
+160,295
| +15% | +$5.6M |
|
|
DO
850
DELISTED
Diamond Offshore Drilling
DO
| $40.3M | 0.02% |
2,411,681
+1,150,149
| +91% | +$19.5M |
|
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.