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 | |
|---|---|---|---|---|---|---|
1176
Horace Mann Educators
HMN
$2B
| $27M | 0.01% |
657,235
| – | – |
|
|
ESL
1177
DELISTED
Esterline Technologies
ESL
| $27M | 0.01% |
313,263
+69,942
| +29% | +$6.13M |
|
1178
O-I Glass
OI
$945M
| $26.9M | 0.01% |
1,321,517
-198,985
| -13% | -$3.9M |
|
1179
Churchill Downs
CHDN
$5.76B
| $26.9M | 0.01% |
1,017,180
+3,720
| +0.4% | +$92.9K |
|
|
MSGN
1180
DELISTED
MSG Networks Inc.
MSGN
| $26.9M | 0.01% |
1,153,131
+647,863
| +128% | +$14.5M |
|
|
HI
1181
DELISTED
Hillenbrand
HI
| $26.9M | 0.01% |
750,485
-372,317
| -33% | -$13.7M |
|
1182
Avista
AVA
$3.08B
| $26.9M | 0.01% |
688,671
-411
| -0.1% | -$16.1K |
|
1183
EastGroup Properties
EGP
$10.6B
| $26.8M | 0.01% |
364,633
+26,298
| +8% | +$1.91M |
|
1184
LXP Industrial Trust
LXP
$3.59B
| $26.8M | 0.01% |
537,269
+50,983
| +10% | +$2.72M |
|
|
CSGS
1185
DELISTED
CSG Systems International
CSGS
| $26.7M | 0.01% |
707,079
+191,405
| +37% | +$8.12M |
|
|
NATI
1186
DELISTED
National Instruments Corp
NATI
| $26.7M | 0.01% |
818,872
-9,835
| -1% | -$313K |
|
1187
Empire State Realty Trust
ESRT
$708M
| $26.6M | 0.01% |
1,290,578
| – | – |
|
1188
Element Solutions
ESI
$7.82B
| $26.4M | 0.01% |
2,030,727
-235,265
| -10% | -$2.89M |
|
|
SVU
1189
DELISTED
SUPERVALU Inc.
SVU
| $26.4M | 0.01% |
977,480
+542,189
| +125% | +$14.8M |
|
|
TIVO
1190
DELISTED
Tivo Inc
TIVO
| $26.4M | 0.01% |
1,408,535
+133,898
| +11% | +$2.56M |
|
|
ABAX
1191
DELISTED
Abaxis Inc
ABAX
| $26.4M | 0.01% |
544,307
+25,000
| +5% | +$1.24M |
|
1192
LCI Industries
LCII
$2.12B
| $26.4M | 0.01% |
264,298
+12,049
| +5% | +$1.3M |
|
|
BUFF
1193
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $26.4M | 0.01% |
1,146,641
+183,415
| +19% | +$4.5M |
|
1194
Vishay Intertechnology
VSH
$4.8B
| $26.3M | 0.01% |
1,601,313
-154,029
| -9% | -$2.51M |
|
|
WEB
1195
DELISTED
Web.com Group, Inc.
WEB
| $26.3M | 0.01% |
1,364,233
+425,605
| +45% | +$8.39M |
|
|
AUY
1196
DELISTED
Yamana Gold, Inc.
AUY
| $26.3M | 0.01% |
9,544,032
-676,875
| -7% | -$2.05M |
|
1197
Banco Santander
SAN
$209B
| $26.2M | 0.01% |
4,502,307
| – | – |
|
|
NSR
1198
DELISTED
Neustar Inc
NSR
| $26.2M | 0.01% |
789,090
-488,245
| -38% | -$16.2M |
|
1199
Petrobras
PBR
$135B
| $26.1M | 0.01% |
2,693,092
-560,638
| -17% | -$5.76M |
|
1200
First Citizens BancShares
FCNCA
$23.7B
| $26.1M | 0.01% |
77,685
-40,455
| -34% | -$14.4M |
|
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.