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 | |
|---|---|---|---|---|---|---|
1176
KB Home
KBH
$3.56B
| $30.2M | 0.01% |
944,907
-141,481
| -13% | -$4.06M |
|
|
BOBE
1177
DELISTED
Bob Evans Farms, Inc.
BOBE
| $30.1M | 0.01% |
381,953
| – | – |
|
|
NUAN
1178
DELISTED
Nuance Communications, Inc.
NUAN
| $30.1M | 0.01% |
2,125,765
-305,345
| -13% | -$4.11M |
|
1179
Columbia Sportswear
COLM
$2.95B
| $30.1M | 0.01% |
418,236
-18,868
| -4% | -$1.24M |
|
1180
Dana Inc
DAN
$2.97B
| $30M | 0.01% |
937,637
| – | – |
|
1181
B2Gold
BTG
$5.18B
| $29.9M | 0.01% |
9,668,985
| – | – |
|
1182
Adecoagro
AGRO
$1.33B
| $29.9M | 0.01% |
2,888,302
+411,334
| +17% | +$4.13M |
|
1183
Molina Healthcare
MOH
$9.99B
| $29.9M | 0.01% |
389,319
-105,915
| -21% | -$7.64M |
|
1184
First Bancorp
FBP
$4.46B
| $29.8M | 0.01% |
5,850,596
+256,007
| +5% | +$1.28M |
|
|
FLOW
1185
DELISTED
SPX FLOW, Inc.
FLOW
| $29.8M | 0.01% |
626,511
+225,885
| +56% | +$9.72M |
|
1186
Bausch Health
BHC
$2.41B
| $29.8M | 0.01% |
1,425,568
| – | – |
|
|
VMW
1187
DELISTED
VMware, Inc
VMW
| $29.8M | 0.01% |
237,428
+90,195
| +61% | +$10.8M |
|
|
WEB
1188
DELISTED
Web.com Group, Inc.
WEB
| $29.7M | 0.01% |
1,364,233
| – | – |
|
|
BIG
1189
DELISTED
Big Lots, Inc.
BIG
| $29.7M | 0.01% |
529,399
+38,516
| +8% | +$2.09M |
|
1190
Ingevity
NGVT
$2.6B
| $29.6M | 0.01% |
420,419
| – | – |
|
|
HEES
1191
DELISTED
H&E Equipment Services
HEES
| $29.6M | 0.01% |
728,624
+500,968
| +220% | +$17.1M |
|
1192
First Citizens BancShares
FCNCA
$25.6B
| $29.6M | 0.01% |
73,439
| – | – |
|
1193
Atlassian
TEAM
$28B
| $29.6M | 0.01% |
650,150
-151,274
| -19% | -$7.04M |
|
1194
Kennametal
KMT
$2.75B
| $29.6M | 0.01% |
611,109
-264,008
| -30% | -$11.8M |
|
|
PRSU
1195
Pursuit Attractions and Hospitality Inc
PRSU
$1.42B
| $29.6M | 0.01% |
533,787
| – | – |
|
|
OPTU
1196
Optimum Communications Inc
OPTU
$343M
| $29.6M | 0.01% |
1,392,526
-3,671,715
| -73% | -$81.3M |
|
|
MNTA
1197
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $29.6M | 0.01% |
2,118,884
+129,775
| +7% | +$1.75M |
|
|
LHCG
1198
DELISTED
LHC Group LLC
LHCG
| $29.5M | 0.01% |
480,853
| – | – |
|
1199
SITE Centers
SITC
$166M
| $29.4M | 0.01% |
2,549,819
+824,283
| +48% | +$8.79M |
|
|
GOOS
1200
Canada Goose Holdings
GOOS
$860M
| $29.4M | 0.01% |
932,286
-167,714
| -15% | -$4.12M |
|
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.