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 | |
|---|---|---|---|---|---|---|
|
SAGE
926
DELISTED
Sage Therapeutics
SAGE
| $41.1M | 0.01% |
249,821
+20,000
| +9% | +$1.94M |
|
927
Cousins Properties
CUZ
$5.09B
| $40.8M | 0.01% |
1,103,069
| – | – |
|
928
Cullen/Frost Bankers
CFR
$10.5B
| $40.8M | 0.01% |
430,938
-47,667
| -10% | -$4.59M |
|
929
Littelfuse
LFUS
$11.8B
| $40.8M | 0.01% |
206,090
-5,398
| -3% | -$1.08M |
|
|
BECN
930
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $40.7M | 0.01% |
638,615
+213,275
| +50% | +$12.3M |
|
931
La-Z-Boy
LZB
$1.67B
| $40.7M | 0.01% |
1,304,142
| – | – |
|
|
NATI
932
DELISTED
National Instruments Corp
NATI
| $40.7M | 0.01% |
977,251
-44,549
| -4% | -$1.95M |
|
933
Prosperity Bancshares
PB
$8.98B
| $40.6M | 0.01% |
580,130
-34,767
| -6% | -$2.32M |
|
934
Comfort Systems
FIX
$62.5B
| $40.6M | 0.01% |
931,109
+41,292
| +5% | +$1.69M |
|
935
Shopify
SHOP
$160B
| $40.4M | 0.01% |
3,999,190
-647,510
| -14% | -$6.63M |
|
936
Conduent
CNDT
$276M
| $40.3M | 0.01% |
2,496,563
| – | – |
|
|
IBKC
937
DELISTED
IBERIABANK Corp
IBKC
| $40.3M | 0.01% |
520,261
| – | – |
|
|
COHR
938
DELISTED
Coherent Inc
COHR
| $40.2M | 0.01% |
142,589
+5,510
| +4% | +$1.53M |
|
939
Green Dot
GDOT
$748M
| $40.2M | 0.01% |
667,682
| – | – |
|
|
SCS
940
DELISTED
Steelcase
SCS
| $40.2M | 0.01% |
2,645,053
| – | – |
|
941
Ionis Pharmaceuticals
IONS
$9.15B
| $40.2M | 0.01% |
798,371
-189,755
| -19% | -$10.4M |
|
942
Brown & Brown
BRO
$23.8B
| $40.1M | 0.01% |
1,559,000
+112,256
| +8% | +$2.82M |
|
943
Ziff Davis
ZD
$2.04B
| $40.1M | 0.01% |
614,153
| – | – |
|
944
Interface
TILE
$2.01B
| $40M | 0.01% |
1,589,217
-73,436
| -4% | -$1.72M |
|
945
Hexcel
HXL
$7.88B
| $39.9M | 0.01% |
645,719
-15,430
| -2% | -$938K |
|
|
HR
946
DELISTED
Healthcare Realty Trust Incorporated
HR
| $39.9M | 0.01% |
1,241,502
+47,072
| +4% | +$1.53M |
|
947
RLJ Lodging Trust
RLJ
$1.89B
| $39.9M | 0.01% |
1,814,398
-300,000
| -14% | -$6.52M |
|
|
IDTI
948
DELISTED
Integrated Device Technology I
IDTI
| $39.9M | 0.01% |
1,340,462
| – | – |
|
949
Alkermes
ALKS
$8.33B
| $39.8M | 0.01% |
728,027
+50,349
| +7% | +$2.57M |
|
|
CLR
950
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $39.8M | 0.01% |
751,383
| – | – |
|
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.