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 | |
|---|---|---|---|---|---|---|
|
COR
1101
DELISTED
Coresite Realty Corporation
COR
| $33M | 0.01% |
289,913
| – | – |
|
1102
National Health Investors
NHI
$3.61B
| $33M | 0.01% |
437,160
| – | – |
|
1103
Blackstone Mortgage Trust
BXMT
$2.43B
| $32.9M | 0.01% |
1,023,676
-2,228
| -0.2% | -$71.5K |
|
1104
NorthWestern Energy
NWE
$4.3B
| $32.9M | 0.01% |
551,191
+50,463
| +10% | +$3.04M |
|
|
WRI
1105
DELISTED
Weingarten Realty Investors
WRI
| $32.9M | 0.01% |
1,000,311
| – | – |
|
|
TUP
1106
DELISTED
Tupperware Brands Corporation
TUP
| $32.9M | 0.01% |
523,925
+16,246
| +3% | +$995K |
|
1107
O-I Glass
OI
$1.16B
| $32.8M | 0.01% |
1,479,316
+384,706
| +35% | +$9.18M |
|
|
ORBK
1108
DELISTED
Orbotech Ltd
ORBK
| $32.7M | 0.01% |
650,706
| – | – |
|
|
CY
1109
DELISTED
Cypress Semiconductor
CY
| $32.5M | 0.01% |
2,133,119
+159,900
| +8% | +$2.54M |
|
|
CHK
1110
DELISTED
Chesapeake Energy Corporation
CHK
| $32.5M | 0.01% |
40,984
| – | – |
|
|
AMWD
1111
DELISTED
American Woodmark
AMWD
| $32.4M | 0.01% |
249,116
-4,221
| -2% | -$444K |
|
1112
AdvanSix
ASIX
$546M
| $32.4M | 0.01% |
770,872
-733,166
| -49% | -$31.4M |
|
|
WUBA
1113
DELISTED
58.com Inc
WUBA
| $32.4M | 0.01% |
452,936
+273,771
| +153% | +$19M |
|
|
RP
1114
DELISTED
RealPage, Inc.
RP
| $32.3M | 0.01% |
729,483
| – | – |
|
|
PDM
1115
Piedmont Realty Trust
PDM
$1.21B
| $32.3M | 0.01% |
1,647,900
| – | – |
|
|
BWLD
1116
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $32.3M | 0.01% |
206,457
-60,911
| -23% | -$8.02M |
|
1117
Minerals Technologies
MTX
$2.34B
| $32.3M | 0.01% |
468,793
+39,214
| +9% | +$2.79M |
|
|
ZNGA
1118
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $32.3M | 0.01% |
8,069,037
| – | – |
|
|
GCI
1119
DELISTED
Gannett Co., Inc
GCI
| $32.3M | 0.01% |
2,783,776
-313,537
| -10% | -$3.28M |
|
1120
EastGroup Properties
EGP
$11B
| $32.2M | 0.01% |
364,633
| – | – |
|
1121
SiriusPoint
SPNT
$2.78B
| $32.2M | 0.01% |
2,197,418
+323,843
| +17% | +$5.21M |
|
1122
Safety Insurance
SAFT
$1.52B
| $32M | 0.01% |
398,608
+83,862
| +27% | +$6.78M |
|
|
SPLK
1123
DELISTED
Splunk Inc
SPLK
| $32M | 0.01% |
386,378
+81,410
| +27% | +$5.97M |
|
|
MZTI
1124
The Marzetti Company
MZTI
$3.02B
| $32M | 0.01% |
247,603
-300
| -0.1% | -$37.9K |
|
|
TBI
1125
Trueblue
TBI
$234M
| $32M | 0.01% |
1,163,319
| – | – |
|
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.