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 | |
|---|---|---|---|---|---|---|
1101
Rollins
ROL
$16.1B
| $29.7M | 0.01% |
1,800,927
-84,762
| -4% | -$1.34M |
|
1102
MasTec
MTZ
$18.1B
| $29.7M | 0.01% |
740,667
+56,850
| +8% | +$2.18M |
|
|
TWO
1103
DELISTED
Two Harbors Investment
TWO
| $29.6M | 0.01% |
386,440
| – | – |
|
1104
WEX
WEX
$6.72B
| $29.6M | 0.01% |
286,171
+1,656
| +0.6% | +$184K |
|
1105
United Natural Foods
UNFI
$2.79B
| $29.6M | 0.01% |
685,095
+126,640
| +23% | +$5.7M |
|
1106
Credit Acceptance
CACC
$6.24B
| $29.6M | 0.01% |
148,416
+23,000
| +18% | +$4.63M |
|
1107
Theravance Biopharma
TBPH
$884M
| $29.6M | 0.01% |
803,327
-63,397
| -7% | -$2.03M |
|
1108
Viasat
VSAT
$9.77B
| $29.6M | 0.01% |
463,188
-201,892
| -30% | -$13.2M |
|
|
AGR
1109
DELISTED
Avangrid, Inc.
AGR
| $29.6M | 0.01% |
691,478
-493,733
| -42% | -$20.2M |
|
|
EDR
1110
DELISTED
Education Realty Trust Inc
EDR
| $29.5M | 0.01% |
721,801
| – | – |
|
|
AKRX
1111
DELISTED
Akorn Inc
AKRX
| $29.4M | 0.01% |
1,219,916
+295,926
| +32% | +$6.44M |
|
1112
Insight Enterprises
NSIT
$4.85B
| $29.3M | 0.01% |
712,949
+256,046
| +56% | +$10.5M |
|
|
CUDA
1113
DELISTED
Barracuda Networks, Inc.
CUDA
| $29.3M | 0.01% |
1,266,312
+316,624
| +33% | +$7.41M |
|
1114
Prestige Consumer Healthcare
PBH
$2.22B
| $29.2M | 0.01% |
526,081
-86,854
| -14% | -$4.79M |
|
1115
Cheesecake Factory
CAKE
$4.83B
| $29.2M | 0.01% |
460,480
+73,222
| +19% | +$4.46M |
|
1116
Trustmark
TRMK
$2.74B
| $29.2M | 0.01% |
916,990
+67,950
| +8% | +$2.25M |
|
1117
ONE Gas
OGS
$4.81B
| $29.1M | 0.01% |
430,898
-21,488
| -5% | -$1.39M |
|
|
DCH
1118
Dauch Corp
DCH
$1.43B
| $28.9M | 0.01% |
1,541,227
+144,271
| +10% | +$2.88M |
|
1119
SLM Corp
SLM
$4.75B
| $28.9M | 0.01% |
2,387,710
| – | – |
|
|
GTLS
1120
DELISTED
Chart Industries
GTLS
| $28.9M | 0.01% |
826,099
+95,708
| +13% | +$3.54M |
|
|
LNCE
1121
DELISTED
Snyders-Lance, Inc.
LNCE
| $28.8M | 0.01% |
715,305
| – | – |
|
|
RAD
1122
DELISTED
Rite Aid Corporation
RAD
| $28.8M | 0.01% |
339,115
-31,403
| -8% | -$3.78M |
|
|
FNGN
1123
DELISTED
Financial Engines, Inc.
FNGN
| $28.8M | 0.01% |
661,687
+267,493
| +68% | +$10.7M |
|
1124
Veeva Systems
VEEV
$42.9B
| $28.8M | 0.01% |
561,187
-173,815
| -24% | -$7.81M |
|
|
USG
1125
DELISTED
Usg
USG
| $28.8M | 0.01% |
904,957
+44,708
| +5% | +$1.42M |
|
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.