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 | |
|---|---|---|---|---|---|---|
1151
Cable One
CABO
$107M
| $27.9M | 0.01% |
44,719
+704
| +2% | +$440K |
|
1152
Vermilion Energy
VET
$1.93B
| $27.9M | 0.01% |
746,825
-82,035
| -10% | -$3.24M |
|
|
SPN
1153
DELISTED
Superior Energy Services, Inc.
SPN
| $27.8M | 0.01% |
195,195
+83,048
| +74% | +$13.7M |
|
|
PAY
1154
DELISTED
Verifone Systems Inc
PAY
| $27.8M | 0.01% |
1,485,006
+411,088
| +38% | +$7.84M |
|
|
CADE
1155
DELISTED
Cadence Bank
CADE
| $27.8M | 0.01% |
919,448
+242,785
| +36% | +$7.45M |
|
1156
Hain Celestial
HAIN
$53.2M
| $27.8M | 0.01% |
746,138
-42,735
| -5% | -$1.61M |
|
|
CATM
1157
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $27.7M | 0.01% |
592,779
-5,744
| -1% | -$282K |
|
|
CST
1158
DELISTED
CST Brands, Inc.
CST
| $27.7M | 0.01% |
576,190
| – | – |
|
1159
UMB Financial
UMBF
$10.2B
| $27.7M | 0.01% |
367,422
+54,883
| +18% | +$4.2M |
|
1160
Hope Bancorp
HOPE
$1.78B
| $27.6M | 0.01% |
1,442,147
+153,981
| +12% | +$3.23M |
|
1161
BlackBerry
BB
$4.48B
| $27.6M | 0.01% |
3,564,034
| – | – |
|
|
FSP
1162
Franklin Street Properties
FSP
$34.3M
| $27.6M | 0.01% |
2,270,704
-230,880
| -9% | -$2.86M |
|
|
POLY
1163
DELISTED
Plantronics, Inc.
POLY
| $27.5M | 0.01% |
508,674
+65,764
| +15% | +$3.58M |
|
1164
Kaiser Aluminum
KALU
$2.49B
| $27.5M | 0.01% |
344,092
+64,905
| +23% | +$5.15M |
|
|
DF
1165
DELISTED
Dean Foods Company
DF
| $27.4M | 0.01% |
1,394,686
+53,990
| +4% | +$1.06M |
|
1166
Ironwood Pharmaceuticals
IRWD
$689M
| $27.4M | 0.01% |
1,915,539
+487,663
| +34% | +$6.67M |
|
|
P
1167
DELISTED
Pandora Media Inc
P
| $27.3M | 0.01% |
2,311,747
+1,969,615
| +576% | +$24.7M |
|
|
PNK
1168
DELISTED
Pinnacle Entertainment Inc.
PNK
| $27.2M | 0.01% |
1,395,311
+196,085
| +16% | +$3.24M |
|
1169
Chord Energy
CHRD
$8.04B
| $27.1M | 0.01% |
1,902,435
-60,502
| -3% | -$852K |
|
1170
Telephone and Data Systems
TDS
$4.27B
| $27.1M | 0.01% |
1,022,068
+305,271
| +43% | +$8.74M |
|
1171
Home BancShares
HOMB
$5.95B
| $27.1M | 0.01% |
1,000,606
+66,473
| +7% | +$1.83M |
|
1172
Interface
TILE
$2B
| $27M | 0.01% |
1,419,042
+562,426
| +66% | +$10.4M |
|
|
SOHU
1173
Sohu.com
SOHU
$355M
| $27M | 0.01% |
687,067
+232,260
| +51% | +$9.32M |
|
1174
B&G Foods
BGS
$255M
| $27M | 0.01% |
671,257
-11,196
| -2% | -$487K |
|
1175
Molina Healthcare
MOH
$10.6B
| $27M | 0.01% |
592,072
+49,379
| +9% | +$2.58M |
|
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.