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 | |
|---|---|---|---|---|---|---|
1201
Liberty Latin America Class C
LILAK
$1.71B
| $26M | 0.01% |
1,319,784
-119,201
| -8% | -$2.35M |
|
1202
Monolithic Power Systems
MPWR
$56.4B
| $26M | 0.01% |
282,187
+21,816
| +8% | +$1.93M |
|
|
COHR
1203
DELISTED
Coherent Inc
COHR
| $26M | 0.01% |
126,248
-98,410
| -44% | -$17.2M |
|
|
GCI
1204
DELISTED
Gannett Co., Inc
GCI
| $26M | 0.01% |
3,097,313
+1,024,530
| +49% | +$9.15M |
|
|
PSB
1205
DELISTED
PS Business Parks, Inc.
PSB
| $25.9M | 0.01% |
226,120
+11,526
| +5% | +$1.33M |
|
1206
Acadia Realty Trust
AKR
$2.67B
| $25.8M | 0.01% |
858,731
+67,012
| +8% | +$2.11M |
|
1207
Western Alliance Bancorporation
WAL
$8.49B
| $25.8M | 0.01% |
525,777
-191,925
| -27% | -$9.61M |
|
1208
Hudbay
HBM
$11.2B
| $25.8M | 0.01% |
3,935,598
+3,642,406
| +1,242% | +$27.2M |
|
|
MTOR
1209
DELISTED
MERITOR, Inc.
MTOR
| $25.8M | 0.01% |
1,505,396
+1,118,171
| +289% | +$17.3M |
|
|
VRE
1210
DELISTED
Veris Residential
VRE
| $25.7M | 0.01% |
955,764
+73,530
| +8% | +$2.06M |
|
1211
Diodes
DIOD
$4.12B
| $25.7M | 0.01% |
1,069,262
-13,479
| -1% | -$335K |
|
|
SYNH
1212
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $25.7M | 0.01% |
560,533
+56,867
| +11% | +$2.83M |
|
1213
PENN Entertainment
PENN
$2.37B
| $25.7M | 0.01% |
1,392,630
+40,016
| +3% | +$587K |
|
|
VTLE
1214
DELISTED
Vital Energy
VTLE
| $25.7M | 0.01% |
87,898
-1,226
| -1% | -$341K |
|
|
CPN
1215
DELISTED
Calpine Corporation
CPN
| $25.7M | 0.01% |
2,322,314
-1,932,657
| -45% | -$22.2M |
|
|
CLR
1216
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $25.4M | 0.01% |
560,200
-144,555
| -21% | -$6.81M |
|
1217
International Bancshares
IBOC
$4.41B
| $25.4M | 0.01% |
718,025
+10,068
| +1% | +$379K |
|
|
CPLA
1218
DELISTED
Capella Education Company
CPLA
| $25.4M | 0.01% |
298,338
+11,106
| +4% | +$911K |
|
1219
Evercore
EVR
$10.1B
| $25.4M | 0.01% |
325,481
+20,738
| +7% | +$1.61M |
|
|
CHMT
1220
DELISTED
Chemtura Corporation
CHMT
| $25.3M | 0.01% |
758,419
+176,168
| +30% | +$5.84M |
|
1221
Celestica
CLS
$40.8B
| $25.3M | 0.01% |
1,746,067
-190,619
| -10% | -$2.55M |
|
|
NXGN
1222
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $25.3M | 0.01% |
1,659,876
| – | – |
|
1223
TD Synnex
SNX
$20.8B
| $25.3M | 0.01% |
451,656
-485,612
| -52% | -$28.9M |
|
|
SPTN
1224
DELISTED
SpartanNash
SPTN
| $25.2M | 0.01% |
721,123
+151,208
| +27% | +$5.54M |
|
1225
Texas Capital Bancshares
TCBI
$4.14B
| $25.2M | 0.01% |
302,223
-66,343
| -18% | -$5.56M |
|
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.