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 | |
|---|---|---|---|---|---|---|
1151
EXL Service
EXLS
$5.21B
| $31.1M | 0.01% |
2,575,305
+278,290
| +12% | +$3.4M |
|
1152
Flowers Foods
FLO
$1.55B
| $31M | 0.01% |
1,606,169
+50,761
| +3% | +$975K |
|
1153
Greif
GEF
$5.08B
| $31M | 0.01% |
511,907
-41,507
| -8% | -$2.36M |
|
|
LHO
1154
DELISTED
LaSalle Hotel Properties
LHO
| $31M | 0.01% |
1,104,188
-123,805
| -10% | -$3.55M |
|
|
ULTI
1155
DELISTED
Ultimate Software Group Inc
ULTI
| $31M | 0.01% |
141,886
+970
| +0.7% | +$197K |
|
1156
Saia
SAIA
$9.99B
| $30.9M | 0.01% |
436,979
-101,222
| -19% | -$6.49M |
|
|
XHR
1157
Xenia Hotels & Resorts
XHR
$1.89B
| $30.9M | 0.01% |
1,429,679
| – | – |
|
1158
Horace Mann Educators
HMN
$2.1B
| $30.8M | 0.01% |
698,779
| – | – |
|
|
JOYY
1159
JOYY Inc
JOYY
$3.77B
| $30.7M | 0.01% |
271,455
+201,991
| +291% | +$20.3M |
|
1160
Bank OZK
OZK
$5.7B
| $30.7M | 0.01% |
633,219
| – | – |
|
|
WFT
1161
DELISTED
Weatherford International plc
WFT
| $30.7M | 0.01% |
7,350,347
+593,098
| +9% | +$2.19M |
|
1162
Merit Medical Systems
MMSI
$5.12B
| $30.6M | 0.01% |
709,180
+25,650
| +4% | +$1.08M |
|
1163
Darling Ingredients
DAR
$9.56B
| $30.6M | 0.01% |
1,689,652
-468,650
| -22% | -$8.1M |
|
1164
NETGEAR
NTGR
$659M
| $30.6M | 0.01% |
520,828
+17,863
| +4% | +$915K |
|
|
ABAX
1165
DELISTED
Abaxis Inc
ABAX
| $30.6M | 0.01% |
617,570
+5,915
| +1% | +$282K |
|
1166
Boyd Gaming
BYD
$6.27B
| $30.6M | 0.01% |
871,867
+278,843
| +47% | +$8.44M |
|
1167
Cable One
CABO
$254M
| $30.6M | 0.01% |
43,448
-8,557
| -16% | -$6.02M |
|
1168
Azenta
AZTA
$1.39B
| $30.4M | 0.01% |
1,274,232
+310,812
| +32% | +$8.83M |
|
|
MANT
1169
DELISTED
Mantech International Corp
MANT
| $30.4M | 0.01% |
604,869
+75,249
| +14% | +$3.65M |
|
|
IRBT
1170
DELISTED
iRobot
IRBT
| $30.3M | 0.01% |
395,533
-90,735
| -19% | -$6.53M |
|
1171
BHP
BHP
$222B
| $30.3M | 0.01% |
739,174
| – | – |
|
|
EXTN
1172
DELISTED
Exterran Corporation
EXTN
| $30.3M | 0.01% |
964,247
+19,799
| +2% | +$612K |
|
|
DCH
1173
Dauch Corp
DCH
$1.42B
| $30.3M | 0.01% |
1,778,790
+697,570
| +65% | +$12.3M |
|
1174
STAG Industrial
STAG
$7.28B
| $30.2M | 0.01% |
1,105,767
| – | – |
|
|
ESL
1175
DELISTED
Esterline Technologies
ESL
| $30.2M | 0.01% |
404,459
-86,383
| -18% | -$7.1M |
|
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.