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 | |
|---|---|---|---|---|---|---|
1076
Tractor Supply
TSCO
$16.8B
| $34.1M | 0.01% |
2,283,685
+1,423,690
| +166% | +$18.3M |
|
1077
J&J Snack Foods
JJSF
$1.48B
| $33.9M | 0.01% |
222,959
| – | – |
|
|
KL
1078
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $33.8M | 0.01% |
2,200,432
+1,392,298
| +172% | +$19.2M |
|
1079
Acco Brands
ACCO
$399M
| $33.8M | 0.01% |
2,773,275
-91,139
| -3% | -$1.17M |
|
|
PTLA
1080
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $33.8M | 0.01% |
694,537
| – | – |
|
|
ECHO
1081
EchoStar
ECHO
$26.6B
| $33.8M | 0.01% |
696,500
-151,191
| -18% | -$7.02M |
|
1082
HubSpot
HUBS
$12.7B
| $33.8M | 0.01% |
382,170
-163,110
| -30% | -$13.7M |
|
|
CLVS
1083
DELISTED
Clovis Oncology, Inc.
CLVS
| $33.7M | 0.01% |
495,656
+27,677
| +6% | +$1.94M |
|
1084
Viasat
VSAT
$11.9B
| $33.7M | 0.01% |
450,064
-94,459
| -17% | -$6.54M |
|
|
DOC
1085
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $33.7M | 0.01% |
1,872,269
| – | – |
|
|
GTLS
1086
DELISTED
Chart Industries
GTLS
| $33.7M | 0.01% |
718,565
-107,534
| -13% | -$4.8M |
|
1087
Liberty Latin America Class C
LILAK
$1.67B
| $33.6M | 0.01% |
1,976,252
+120,148
| +6% | +$2.26M |
|
|
LSI
1088
DELISTED
Life Storage, Inc.
LSI
| $33.6M | 0.01% |
566,154
-76,673
| -12% | -$4.41M |
|
|
LXFT
1089
DELISTED
Luxoft Holding, Inc.
LXFT
| $33.6M | 0.01% |
602,732
-87,043
| -13% | -$4.36M |
|
|
PINC
1090
DELISTED
Premier
PINC
| $33.6M | 0.01% |
1,149,769
+33,517
| +3% | +$1.03M |
|
|
TVTY
1091
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $33.4M | 0.01% |
914,193
+240,770
| +36% | +$9.13M |
|
|
TCF
1092
DELISTED
TCF Financial Corporation Common Stock
TCF
| $33.4M | 0.01% |
624,905
| – | – |
|
1093
Generac Holdings
GNRC
$12.9B
| $33.4M | 0.01% |
674,197
-68,877
| -9% | -$3.42M |
|
1094
Bright Horizons
BFAM
$4.01B
| $33.3M | 0.01% |
354,620
+45,000
| +15% | +$3.99M |
|
|
EGN
1095
DELISTED
Energen
EGN
| $33.2M | 0.01% |
576,573
| – | – |
|
1096
White Mountains Insurance
WTM
$5.2B
| $33.1M | 0.01% |
38,916
| – | – |
|
1097
NewMarket
NEU
$8.18B
| $33.1M | 0.01% |
83,317
+3,798
| +5% | +$1.54M |
|
1098
Power Integrations
POWI
$3.6B
| $33.1M | 0.01% |
899,930
-76,732
| -8% | -$2.93M |
|
1099
Affiliated Managers Group
AMG
$10.1B
| $33.1M | 0.01% |
161,234
| – | – |
|
1100
Descartes Systems
DSGX
$6.56B
| $33.1M | 0.01% |
1,159,042
+314,934
| +37% | +$9.06M |
|
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.