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 | |
|---|---|---|---|---|---|---|
|
EGOV
1026
DELISTED
NIC Inc
EGOV
| $32.2M | 0.01% |
1,595,791
+15,000
| +0.9% | +$337K |
|
|
PRAH
1027
DELISTED
PRA Health Sciences, Inc.
PRAH
| $32.2M | 0.01% |
494,050
-274,119
| -36% | -$16.1M |
|
1028
Helen of Troy
HELE
$634M
| $32.2M | 0.01% |
341,422
+41,171
| +14% | +$3.88M |
|
1029
UFP Industries
UFPI
$4.47B
| $32.1M | 0.01% |
978,597
+204,528
| +26% | +$6.83M |
|
|
FNSR
1030
DELISTED
Finisar Corp
FNSR
| $32M | 0.01% |
1,172,120
+323,423
| +38% | +$9.91M |
|
1031
Bio-Rad Laboratories Class A
BIO
$10.2B
| $32M | 0.01% |
160,672
+16,834
| +12% | +$3.24M |
|
1032
Enerpac Tool Group
EPAC
$1.81B
| $32M | 0.01% |
1,214,945
+102,390
| +9% | +$2.75M |
|
1033
Valley National Bancorp
VLY
$7.55B
| $32M | 0.01% |
2,711,693
+377,768
| +16% | +$4.53M |
|
1034
ITT
ITT
$17.9B
| $32M | 0.01% |
779,068
-92,950
| -11% | -$3.82M |
|
1035
Hexcel
HXL
$6.75B
| $31.9M | 0.01% |
585,458
-29,367
| -5% | -$1.54M |
|
1036
Pool Corp
POOL
$6.07B
| $31.9M | 0.01% |
267,159
-78,823
| -23% | -$8.83M |
|
|
PDM
1037
Piedmont Realty Trust
PDM
$1.17B
| $31.9M | 0.01% |
1,490,285
+71,265
| +5% | +$1.54M |
|
|
UFS
1038
DELISTED
DOMTAR CORPORATION (New)
UFS
| $31.8M | 0.01% |
871,446
+267,979
| +44% | +$10.6M |
|
1039
Trinity Industries
TRN
$2.27B
| $31.8M | 0.01% |
1,662,472
+86
| +0% | +$1.7K |
|
1040
JELD-WEN Holding
JELD
$168M
| $31.8M | 0.01% |
+966,904
| New | +$29.5M |
|
1041
Blackstone Mortgage Trust
BXMT
$2.26B
| $31.8M | 0.01% |
1,025,904
+65,266
| +7% | +$2.01M |
|
1042
CNA Financial
CNA
$13B
| $31.6M | 0.01% |
714,865
| – | – |
|
1043
FirstCash
FCFS
$9.54B
| $31.6M | 0.01% |
642,301
+112,636
| +21% | +$5.01M |
|
1044
Herc Holdings
HRI
$4.77B
| $31.6M | 0.01% |
645,545
+450,225
| +231% | +$21.2M |
|
1045
RLJ Lodging Trust
RLJ
$1.68B
| $31.6M | 0.01% |
1,342,300
+52,965
| +4% | +$1.24M |
|
1046
Semtech
SMTC
$16.7B
| $31.5M | 0.01% |
932,514
+191,757
| +26% | +$6.44M |
|
|
COR
1047
DELISTED
Coresite Realty Corporation
COR
| $31.5M | 0.01% |
349,357
+13,222
| +4% | +$1.15M |
|
|
DOC
1048
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $31.4M | 0.01% |
1,578,550
+240,000
| +18% | +$4.58M |
|
|
CMBT
1049
CMB.TECH NV
CMBT
$5.97B
| $31.3M | 0.01% |
3,931,304
+356,648
| +10% | +$2.88M |
|
1050
Silgan Holdings
SLGN
$4.05B
| $31.3M | 0.01% |
1,054,994
-388,184
| -27% | -$11.4M |
|
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.