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 | |
|---|---|---|---|---|---|---|
|
AGR
1026
DELISTED
Avangrid, Inc.
AGR
| $36.1M | 0.01% |
713,594
| – | – |
|
1027
National Fuel Gas
NFG
$7.75B
| $36M | 0.01% |
656,474
-35,156
| -5% | -$2.01M |
|
1028
International Bancshares
IBOC
$4.74B
| $36M | 0.01% |
907,377
| – | – |
|
|
ARRS
1029
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $36M | 0.01% |
1,402,178
-447,224
| -24% | -$12.6M |
|
1030
Forward Air
FWRD
$484M
| $36M | 0.01% |
626,374
| – | – |
|
|
SOHU
1031
Sohu.com
SOHU
$361M
| $36M | 0.01% |
829,885
| – | – |
|
1032
Mueller Industries
MLI
$15.1B
| $35.9M | 0.01% |
4,057,700
+285,808
| +8% | +$2.5M |
|
|
AUY
1033
DELISTED
Yamana Gold, Inc.
AUY
| $35.9M | 0.01% |
11,484,593
+323,000
| +3% | +$862K |
|
|
BUFF
1034
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $35.9M | 0.01% |
1,095,524
| – | – |
|
1035
Helen of Troy
HELE
$658M
| $35.9M | 0.01% |
372,628
-21,999
| -6% | -$2.03M |
|
1036
Semtech
SMTC
$12B
| $35.9M | 0.01% |
1,049,310
-18,737
| -2% | -$701K |
|
|
CVSA
1037
Covista Inc
CVSA
$4.42B
| $35.9M | 0.01% |
853,270
-266,031
| -24% | -$10.4M |
|
1038
Nelnet
NNI
$4.89B
| $35.9M | 0.01% |
654,843
| – | – |
|
|
RPAI
1039
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $35.8M | 0.01% |
2,662,922
| – | – |
|
|
TVPT
1040
DELISTED
Travelport Worldwide Limited
TVPT
| $35.7M | 0.01% |
2,733,752
| – | – |
|
1041
Brunswick
BC
$5.41B
| $35.7M | 0.01% |
646,293
-37,937
| -6% | -$2.06M |
|
1042
MaxLinear
MXL
$6.6B
| $35.7M | 0.01% |
1,350,107
+231,083
| +21% | +$5.77M |
|
|
KS
1043
DELISTED
KapStone Paper and Pack Corp.
KS
| $35.7M | 0.01% |
1,571,858
| – | – |
|
|
BCPC
1044
Balchem Corp
BCPC
$5.57B
| $35.7M | 0.01% |
442,457
| – | – |
|
|
MDRX
1045
DELISTED
Veradigm Inc. Common Stock
MDRX
| $35.7M | 0.01% |
2,450,888
+517,864
| +27% | +$7.19M |
|
|
AAMI
1046
Acadian Asset Management
AAMI
$3.28B
| $35.5M | 0.01% |
2,121,871
+766,362
| +57% | +$12.2M |
|
1047
Cooper-Standard Automotive
CPS
$546M
| $35.5M | 0.01% |
289,967
-40,952
| -12% | -$4.83M |
|
1048
Qualys
QLYS
$5.67B
| $35.4M | 0.01% |
597,056
+63,713
| +12% | +$3.58M |
|
|
EE
1049
DELISTED
El Paso Electric Company
EE
| $35.3M | 0.01% |
638,069
+229,645
| +56% | +$13.3M |
|
|
MFA
1050
MFA Financial
MFA
$924M
| $35.2M | 0.01% |
1,112,545
| – | – |
|
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.