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 | |
|---|---|---|---|---|---|---|
1001
Employers Holdings
EIG
$911M
| $37.6M | 0.01% |
847,390
+23,656
| +3% | +$1.12M |
|
|
ILG
1002
DELISTED
ILG, Inc Common Stock
ILG
| $37.6M | 0.01% |
1,319,880
| – | – |
|
1003
TriNet
TNET
$3.18B
| $37.4M | 0.01% |
844,576
-302,642
| -26% | -$12.1M |
|
1004
First Industrial Realty Trust
FR
$8.5B
| $37.3M | 0.01% |
1,185,895
+47,988
| +4% | +$1.51M |
|
1005
Tanger
SKT
$4.68B
| $37.3M | 0.01% |
1,407,072
-43,140
| -3% | -$1.07M |
|
1006
Enpro
NPO
$7.07B
| $37.3M | 0.01% |
398,560
+55,819
| +16% | +$4.73M |
|
|
ESV
1007
DELISTED
Ensco Rowan plc
ESV
| $37.2M | 0.01% |
1,573,835
+892,281
| +131% | +$19.8M |
|
1008
Urban Edge Properties
UE
$2.81B
| $37.1M | 0.01% |
1,453,815
-79,732
| -5% | -$1.98M |
|
|
HSNI
1009
DELISTED
HSN, Inc.
HSNI
| $37M | 0.01% |
918,225
| – | – |
|
1010
Stantec
STN
$8.28B
| $37M | 0.01% |
1,317,015
-106,712
| -7% | -$2.98M |
|
1011
Southwest Gas
SWX
$6.44B
| $36.9M | 0.01% |
458,640
+27,701
| +6% | +$2.25M |
|
1012
Chemed
CHE
$7.05B
| $36.9M | 0.01% |
151,652
+6,528
| +4% | +$1.48M |
|
1013
Sanmina
SANM
$11.1B
| $36.9M | 0.01% |
1,116,693
-237,477
| -18% | -$8.29M |
|
1014
Monolithic Power Systems
MPWR
$65.6B
| $36.8M | 0.01% |
327,780
-4,570
| -1% | -$530K |
|
|
RDC
1015
DELISTED
Rowan Companies Plc
RDC
| $36.8M | 0.01% |
2,349,667
| – | – |
|
1016
Sally Beauty Holdings
SBH
$1.58B
| $36.7M | 0.01% |
1,957,418
-105,287
| -5% | -$1.82M |
|
1017
Choice Hotels
CHH
$4.94B
| $36.7M | 0.01% |
473,189
-23,828
| -5% | -$1.74M |
|
1018
Zillow
Z
$8.3B
| $36.7M | 0.01% |
895,773
| – | – |
|
1019
Veeva Systems
VEEV
$34.4B
| $36.6M | 0.01% |
662,239
| – | – |
|
1020
Arcos Dorados Holdings
ARCO
$1.76B
| $36.6M | 0.01% |
3,633,960
-121,028
| -3% | -$1.18M |
|
1021
Plexus
PLXS
$7.41B
| $36.4M | 0.01% |
598,854
-8,102
| -1% | -$491K |
|
|
CMBT
1022
CMB.TECH NV
CMBT
$4.62B
| $36.3M | 0.01% |
3,931,304
| – | – |
|
1023
Hancock Whitney
HWC
$6.32B
| $36.3M | 0.01% |
732,749
| – | – |
|
1024
Pool Corp
POOL
$7.39B
| $36.3M | 0.01% |
279,604
-31,902
| -10% | -$3.88M |
|
1025
Wintrust Financial
WTFC
$11B
| $36.1M | 0.01% |
438,761
| – | – |
|
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.