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 | |
|---|---|---|---|---|---|---|
1076
Ultragenyx Pharmaceutical
RARE
$1.27B
| $30.4M | 0.01% |
448,715
-73,500
| -14% | -$5.6M |
|
1077
First Industrial Realty Trust
FR
$8.14B
| $30.3M | 0.01% |
1,138,752
| – | – |
|
1078
Northwest Natural Holdings
NWN
$2.05B
| $30.3M | 0.01% |
512,797
+102,221
| +25% | +$6.03M |
|
1079
Philips
PHG
$24.2B
| $30.3M | 0.01% |
+1,273,946
| New | +$28.6M |
|
1080
Casey's General Stores
CASY
$21.8B
| $30.2M | 0.01% |
268,730
-7,838
| -3% | -$898K |
|
1081
Caleres
CAL
$415M
| $30.2M | 0.01% |
1,141,558
+326,147
| +40% | +$9.81M |
|
|
MFA
1082
MFA Financial
MFA
$854M
| $30.1M | 0.01% |
932,669
+36,709
| +4% | +$1.17M |
|
|
RGC
1083
DELISTED
Regal Entertainment Group
RGC
| $30.1M | 0.01% |
1,334,087
+144,134
| +12% | +$3.18M |
|
1084
Primerica
PRI
$8.98B
| $30.1M | 0.01% |
366,435
+14,374
| +4% | +$1.12M |
|
|
MLNX
1085
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $30.1M | 0.01% |
589,797
+247,904
| +73% | +$11.8M |
|
1086
Acco Brands
ACCO
$392M
| $30M | 0.01% |
2,283,503
-48,897
| -2% | -$636K |
|
1087
Sun Life Financial
SLF
$44.6B
| $30M | 0.01% |
824,403
+315,920
| +62% | +$12M |
|
1088
Generac Holdings
GNRC
$10.3B
| $30M | 0.01% |
804,856
+179,843
| +29% | +$7.11M |
|
1089
Nexstar Media Group
NXST
$5.04B
| $30M | 0.01% |
427,646
+158,005
| +59% | +$10.6M |
|
|
SKX
1090
DELISTED
Skechers
SKX
| $30M | 0.01% |
1,092,221
-129,511
| -11% | -$3.36M |
|
|
GCP
1091
DELISTED
GCP Applied Technologies Inc.
GCP
| $29.9M | 0.01% |
916,091
-549,084
| -37% | -$15.9M |
|
|
BWLD
1092
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $29.9M | 0.01% |
195,621
+53,861
| +38% | +$8.22M |
|
|
VWR
1093
DELISTED
VWR Corporation
VWR
| $29.9M | 0.01% |
1,059,003
+14,615
| +1% | +$390K |
|
1094
Essent Group
ESNT
$6.1B
| $29.8M | 0.01% |
825,215
+171,488
| +26% | +$5.95M |
|
|
CTB
1095
DELISTED
Cooper Tire & Rubber Co.
CTB
| $29.8M | 0.01% |
672,796
-75,255
| -10% | -$2.95M |
|
|
AKS
1096
DELISTED
AK Steel Holding Corp
AKS
| $29.8M | 0.01% |
4,149,488
+1,159,580
| +39% | +$9.93M |
|
|
AXE
1097
DELISTED
Anixter International Inc
AXE
| $29.8M | 0.01% |
376,104
+103,321
| +38% | +$8.43M |
|
|
MBFI
1098
DELISTED
MB Financial Corp
MBFI
| $29.8M | 0.01% |
695,558
+114,287
| +20% | +$5.12M |
|
1099
Littelfuse
LFUS
$10.1B
| $29.8M | 0.01% |
186,248
-7,559
| -4% | -$1.2M |
|
|
WAGE
1100
DELISTED
WageWorks, Inc.
WAGE
| $29.8M | 0.01% |
411,589
+103,798
| +34% | +$7.68M |
|
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.