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 | |
|---|---|---|---|---|---|---|
1051
NETGEAR
NTGR
$628M
| $31.2M | 0.01% |
630,650
+75,938
| +14% | +$4.15M |
|
1052
Maximus
MMS
$3.01B
| $31.2M | 0.01% |
501,915
+43,114
| +9% | +$2.53M |
|
1053
Bank OZK
OZK
$5.26B
| $31.2M | 0.01% |
599,640
-108,461
| -15% | -$5.84M |
|
1054
Unifirst Corp
UNF
$4.77B
| $31.1M | 0.01% |
220,123
-501
| -0.2% | -$66.2K |
|
1055
Ryman Hospitality Properties
RHP
$8.38B
| $31.1M | 0.01% |
503,148
+36,420
| +8% | +$2.29M |
|
|
GWR
1056
DELISTED
Genesee & Wyoming Inc.
GWR
| $31.1M | 0.01% |
458,232
-34,484
| -7% | -$2.49M |
|
1057
La-Z-Boy
LZB
$1.21B
| $31.1M | 0.01% |
1,150,404
+242,791
| +27% | +$6.89M |
|
1058
Tanger
SKT
$4.12B
| $31M | 0.01% |
946,296
+85,071
| +10% | +$2.88M |
|
|
CBI
1059
DELISTED
Chicago Bridge & Iron Nv
CBI
| $31M | 0.01% |
1,006,686
+230,566
| +30% | +$7.44M |
|
|
ZAYO
1060
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $30.9M | 0.01% |
939,695
+77,002
| +9% | +$2.45M |
|
|
LOGM
1061
DELISTED
LogMein, Inc.
LOGM
| $30.9M | 0.01% |
316,450
+146,372
| +86% | +$14.6M |
|
1062
Steven Madden
SHOO
$3.07B
| $30.8M | 0.01% |
1,199,061
+95,844
| +9% | +$2.33M |
|
|
WBS
1063
DELISTED
Webster Financial
WBS
| $30.8M | 0.01% |
615,059
-84,080
| -12% | -$4.49M |
|
|
BDN
1064
Brandywine Realty Trust
BDN
$508M
| $30.8M | 0.01% |
1,895,401
+129,973
| +7% | +$2.12M |
|
|
FIT
1065
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $30.7M | 0.01% |
5,192,777
+4,007,266
| +338% | +$25.4M |
|
|
VSTO
1066
DELISTED
Vista Outdoor Inc.
VSTO
| $30.7M | 0.01% |
1,492,304
+886,093
| +146% | +$21.9M |
|
1067
Brady Corp
BRC
$3.96B
| $30.7M | 0.01% |
794,904
+187,969
| +31% | +$7.08M |
|
|
TRQ
1068
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $30.7M | 0.01% |
1,008,537
+183,072
| +22% | +$6.17M |
|
1069
Acadia Pharmaceuticals
ACAD
$4.76B
| $30.7M | 0.01% |
892,884
+58,978
| +7% | +$2.08M |
|
1070
KBR
KBR
$4.64B
| $30.7M | 0.01% |
2,040,610
+691,326
| +51% | +$11M |
|
|
ALR
1071
DELISTED
Alere Inc
ALR
| $30.6M | 0.01% |
769,009
+59,417
| +8% | +$2.32M |
|
1072
Delek US
DK
$4.87B
| $30.6M | 0.01% |
1,258,794
+387,255
| +44% | +$9.2M |
|
1073
TTM Technologies
TTMI
$12.3B
| $30.5M | 0.01% |
1,891,204
-171,358
| -8% | -$2.67M |
|
1074
CF Industries
CF
$20.2B
| $30.5M | 0.01% |
1,038,344
-589,827
| -36% | -$19.2M |
|
1075
Stantec
STN
$7.89B
| $30.4M | 0.01% |
1,176,266
+198,060
| +20% | +$5.19M |
|
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.