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 | |
|---|---|---|---|---|---|---|
1201
Old National Bancorp
ONB
$10.4B
| $29.4M | 0.01% |
1,682,796
-103,847
| -6% | -$1.87M |
|
1202
United Fire Group
UFCS
$1.38B
| $29.4M | 0.01% |
644,091
+44,182
| +7% | +$2.07M |
|
1203
Copa Holdings
CPA
$6B
| $29.3M | 0.01% |
218,582
| – | – |
|
|
JUNO
1204
DELISTED
Juno Therapeutics, Inc.
JUNO
| $29.3M | 0.01% |
640,352
+93,848
| +17% | +$4.68M |
|
1205
Cathay General Bancorp
CATY
$4.3B
| $29.3M | 0.01% |
693,814
| – | – |
|
1206
Diamondrock Hospitality Co
DRH
$2.73B
| $29M | 0.01% |
2,572,948
| – | – |
|
|
ISCA
1207
DELISTED
International Speedway Corp
ISCA
| $29M | 0.01% |
727,964
| – | – |
|
1208
Enovis
ENOV
$1.78B
| $29M | 0.01% |
425,189
-53,926
| -11% | -$3.63M |
|
1209
Viavi Solutions
VIAV
$9.97B
| $29M | 0.01% |
3,316,483
| – | – |
|
1210
Post Holdings
POST
$4.09B
| $29M | 0.01% |
558,397
| – | – |
|
|
CHS
1211
DELISTED
Chicos FAS, Inc.
CHS
| $28.9M | 0.01% |
3,280,008
+1,160,815
| +55% | +$9.65M |
|
1212
Spectrum Brands
SPB
$2.09B
| $28.9M | 0.01% |
257,295
-86,679
| -25% | -$9.47M |
|
1213
Oil States International
OIS
$507M
| $28.9M | 0.01% |
1,021,208
+180,000
| +21% | +$4.36M |
|
1214
WesBanco
WSBC
$4.05B
| $28.8M | 0.01% |
708,626
-111,977
| -14% | -$4.57M |
|
1215
TTM Technologies
TTMI
$13.7B
| $28.8M | 0.01% |
1,837,775
-363,542
| -17% | -$5.84M |
|
|
ANAT
1216
DELISTED
American National Group, Inc. Common Stock
ANAT
| $28.8M | 0.01% |
224,412
-2,494
| -1% | -$306K |
|
|
CAA
1217
DELISTED
CalAtlantic Group, Inc.
CAA
| $28.8M | 0.01% |
510,007
| – | – |
|
1218
Wendy's
WEN
$1.47B
| $28.7M | 0.01% |
1,748,763
| – | – |
|
|
ERF
1219
DELISTED
Enerplus Corporation
ERF
| $28.7M | 0.01% |
2,922,222
| – | – |
|
1220
Cannae Holdings
CNNE
$659M
| $28.6M | 0.01% |
+1,682,161
| New | +$29M |
|
|
MBFI
1221
DELISTED
MB Financial Corp
MBFI
| $28.6M | 0.01% |
642,742
| – | – |
|
|
WDR
1222
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $28.6M | 0.01% |
1,279,576
+198,219
| +18% | +$4.03M |
|
1223
Yelp
YELP
$1.47B
| $28.6M | 0.01% |
680,931
-91,661
| -12% | -$4.08M |
|
1224
Fulton Financial
FULT
$4.76B
| $28.5M | 0.01% |
1,594,603
+56,489
| +4% | +$1.04M |
|
|
MAXR
1225
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $28.5M | 0.01% |
+442,632
| New | +$28M |
|
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.