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 | |
|---|---|---|---|---|---|---|
|
SF
1226
Stifel
SF
$12.7B
| $28.4M | 0.01% |
1,073,239
-118,753
| -10% | -$2.91M |
|
1227
Cinemark Holdings
CNK
$4.41B
| $28.4M | 0.01% |
814,476
-61,951
| -7% | -$2.2M |
|
|
TWO
1228
Two Harbors Investment
TWO
$1.27B
| $28.3M | 0.01% |
435,171
| – | – |
|
|
SCG
1229
DELISTED
Scana
SCG
| $28.3M | 0.01% |
710,384
| – | – |
|
1230
Antero Resources
AR
$10.9B
| $28.2M | 0.01% |
1,483,337
| – | – |
|
1231
LXP Industrial Trust
LXP
$3.57B
| $28.2M | 0.01% |
584,022
| – | – |
|
|
STMP
1232
DELISTED
Stamps.com, Inc.
STMP
| $28.2M | 0.01% |
149,849
+72,097
| +93% | +$13.9M |
|
1233
Empire State Realty Trust
ESRT
$854M
| $28.2M | 0.01% |
1,371,989
| – | – |
|
|
MSGN
1234
DELISTED
MSG Networks Inc.
MSGN
| $28.1M | 0.01% |
1,389,896
+57,142
| +4% | +$1.1M |
|
|
UNT
1235
DELISTED
UNIT Corporation
UNT
| $28.1M | 0.01% |
1,277,751
+404,371
| +46% | +$8.17M |
|
1236
Casey's General Stores
CASY
$31.5B
| $27.9M | 0.01% |
249,341
| – | – |
|
1237
Morningstar
MORN
$7.53B
| $27.9M | 0.01% |
287,802
+57,891
| +25% | +$5.21M |
|
1238
TTEC Holdings
TTEC
$131M
| $27.9M | 0.01% |
693,148
+106,506
| +18% | +$4.38M |
|
|
MDC
1239
DELISTED
M.D.C. Holdings, Inc.
MDC
| $27.9M | 0.01% |
1,019,749
-315,420
| -24% | -$8.69M |
|
1240
Ciena
CIEN
$58.2B
| $27.8M | 0.01% |
1,328,801
-40,689
| -3% | -$862K |
|
1241
Itron
ITRI
$4.61B
| $27.8M | 0.01% |
407,063
| – | – |
|
|
THS
1242
DELISTED
Treehouse Foods
THS
| $27.8M | 0.01% |
561,300
-48,541
| -8% | -$2.6M |
|
1243
Vishay Intertechnology
VSH
$6B
| $27.6M | 0.01% |
1,330,433
-146,321
| -10% | -$3.13M |
|
1244
Franklin Electric
FELE
$4.86B
| $27.6M | 0.01% |
600,974
+123,307
| +26% | +$5.57M |
|
1245
Usana Health Sciences
USNA
$421M
| $27.5M | 0.01% |
372,014
-6,545
| -2% | -$438K |
|
|
GRFS
1246
Grifois
GRFS
$5.5B
| $27.5M | 0.01% |
1,200,000
| – | – |
|
|
SUM
1247
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $27.4M | 0.01% |
886,640
+39,868
| +5% | +$1.2M |
|
|
HRG
1248
DELISTED
HRG Group, Inc.
HRG
| $27.4M | 0.01% |
1,615,836
| – | – |
|
|
SHLM
1249
DELISTED
Schulman (A.) Inc
SHLM
| $27.3M | 0.01% |
734,174
-61,976
| -8% | -$2.31M |
|
|
TSG
1250
DELISTED
The Stars Group Inc.
TSG
| $27.3M | 0.01% |
1,168,386
-343,795
| -23% | -$7.49M |
|
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.