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 | |
|---|---|---|---|---|---|---|
826
Hubbell
HUBB
$26.6B
| $47.8M | 0.02% |
352,956
-123,636
| -26% | -$15.4M |
|
|
CVA
827
DELISTED
Covanta Holding Corporation
CVA
| $47.8M | 0.02% |
2,826,006
| – | – |
|
828
Wabtec
WAB
$50.6B
| $47.7M | 0.02% |
586,179
+22,853
| +4% | +$1.75M |
|
829
Madison Square Garden
MSGS
$9.55B
| $47.5M | 0.02% |
315,844
-55,652
| -15% | -$8.59M |
|
830
Kaiser Aluminum
KALU
$2.85B
| $47.4M | 0.02% |
444,074
+2,220
| +0.5% | +$222K |
|
831
Essent Group
ESNT
$6.13B
| $47.3M | 0.02% |
1,089,697
-77,526
| -7% | -$3.38M |
|
832
Western Alliance Bancorporation
WAL
$9.29B
| $47.3M | 0.02% |
835,599
+234,793
| +39% | +$13.1M |
|
833
Silicon Laboratories
SLAB
$7.2B
| $47.3M | 0.02% |
535,477
+14,048
| +3% | +$1.26M |
|
|
PRA
834
DELISTED
ProAssurance
PRA
| $47.2M | 0.02% |
825,793
| – | – |
|
835
Terex
TEX
$7.56B
| $47.2M | 0.02% |
978,555
-156,668
| -14% | -$7.21M |
|
|
SAFM
836
DELISTED
Sanderson Farms Inc
SAFM
| $47.1M | 0.02% |
339,468
+47,702
| +16% | +$7.37M |
|
837
Primerica
PRI
$9.95B
| $47M | 0.02% |
463,181
| – | – |
|
838
Kemper
KMPR
$1.71B
| $47M | 0.02% |
682,523
-21,428
| -3% | -$1.38M |
|
|
CTLT
839
DELISTED
CATALENT, INC.
CTLT
| $47M | 0.02% |
1,144,373
-185,623
| -14% | -$7.55M |
|
840
Insulet
PODD
$11.4B
| $47M | 0.02% |
680,980
-125,552
| -16% | -$8.24M |
|
841
EnerSys
ENS
$7.09B
| $47M | 0.02% |
674,515
| – | – |
|
842
American Homes 4 Rent
AMH
$12.4B
| $46.9M | 0.02% |
2,149,080
| – | – |
|
843
MDU Resources
MDU
$4.19B
| $46.9M | 0.02% |
4,584,797
| – | – |
|
844
AptarGroup
ATR
$8.66B
| $46.9M | 0.02% |
543,103
| – | – |
|
845
Assured Guaranty
AGO
$3.7B
| $46.8M | 0.02% |
1,382,448
| – | – |
|
|
ARGO
846
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $46.8M | 0.02% |
872,935
-29,720
| -3% | -$1.59M |
|
|
CVG
847
DELISTED
Convergys
CVG
| $46.7M | 0.02% |
1,988,770
-5,051
| -0.3% | -$125K |
|
|
TWTR
848
DELISTED
Twitter, Inc.
TWTR
| $46.7M | 0.02% |
1,945,997
| – | – |
|
|
ELLI
849
DELISTED
Ellie Mae Inc
ELLI
| $46.7M | 0.02% |
522,598
+10,753
| +2% | +$950K |
|
850
Universal Display
OLED
$3.94B
| $46.6M | 0.02% |
270,137
-93,452
| -26% | -$14.9M |
|
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.