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 | |
|---|---|---|---|---|---|---|
1226
Cracker Barrel
CBRL
$966M
| $25.2M | 0.01% |
158,178
-47,923
| -23% | -$7.67M |
|
1227
Golar LNG
GLNG
$5.14B
| $25.2M | 0.01% |
901,618
+149,792
| +20% | +$4M |
|
|
KLXI
1228
DELISTED
KLX Inc.
KLXI
| $25.2M | 0.01% |
667,846
-306,685
| -31% | -$12.4M |
|
1229
Stepan Co
SCL
$1.4B
| $25.1M | 0.01% |
319,090
+7,639
| +2% | +$596K |
|
1230
Pilgrim's Pride
PPC
$7.06B
| $25M | 0.01% |
1,112,194
-757,698
| -41% | -$15.3M |
|
|
SAFM
1231
DELISTED
Sanderson Farms Inc
SAFM
| $25M | 0.01% |
240,863
+8,684
| +4% | +$819K |
|
|
LPNT
1232
DELISTED
LifePoint Health, Inc.
LPNT
| $25M | 0.01% |
381,642
+31,913
| +9% | +$1.97M |
|
|
AFSI
1233
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $25M | 0.01% |
1,351,775
+416,559
| +45% | +$10.2M |
|
|
RRD
1234
DELISTED
RR Donnelley & Sons Co.
RRD
| $24.9M | 0.01% |
2,056,885
+967,495
| +89% | +$15.4M |
|
|
DOOR
1235
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $24.9M | 0.01% |
314,178
+74,519
| +31% | +$5.4M |
|
|
SCS
1236
DELISTED
Steelcase
SCS
| $24.9M | 0.01% |
1,484,590
+263,208
| +22% | +$4.35M |
|
|
BRFS
1237
DELISTED
BRF SA
BRFS
| $24.9M | 0.01% |
2,029,501
| – | – |
|
1238
Scansource
SCSC
$1.14B
| $24.8M | 0.01% |
632,644
+298,533
| +89% | +$12.2M |
|
1239
Lumentum
LITE
$82.5B
| $24.8M | 0.01% |
464,090
-58,081
| -11% | -$2.56M |
|
1240
Chemed
CHE
$6.66B
| $24.8M | 0.01% |
135,493
-101,727
| -43% | -$17.7M |
|
|
HMSY
1241
DELISTED
HMS Holdings Corp.
HMSY
| $24.7M | 0.01% |
1,216,919
+38,965
| +3% | +$719K |
|
|
KW
1242
DELISTED
Kennedy-Wilson Holdings
KW
| $24.7M | 0.01% |
1,114,191
+147,644
| +15% | +$3.11M |
|
|
DNR
1243
DELISTED
Denbury Resources, Inc.
DNR
| $24.7M | 0.01% |
9,577,945
+2,747,016
| +40% | +$8.5M |
|
|
EXTN
1244
DELISTED
Exterran Corporation
EXTN
| $24.7M | 0.01% |
784,998
+605,296
| +337% | +$18.1M |
|
1245
Zillow
Z
$7.04B
| $24.6M | 0.01% |
731,801
| – | – |
|
1246
Flowers Foods
FLO
$1.3B
| $24.6M | 0.01% |
1,269,045
| – | – |
|
|
CSRA
1247
DELISTED
CSRA Inc.
CSRA
| $24.6M | 0.01% |
840,654
-1,085,561
| -56% | -$33.3M |
|
1248
Mercury Insurance
MCY
$5.65B
| $24.6M | 0.01% |
402,846
-309,184
| -43% | -$18.5M |
|
1249
Commault Systems
CVLT
$6.02B
| $24.5M | 0.01% |
482,844
+81,033
| +20% | +$4.14M |
|
|
JCP
1250
DELISTED
J.C. Penney Company, Inc.
JCP
| $24.5M | 0.01% |
3,974,181
+2,491,114
| +168% | +$16.5M |
|
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.