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 | |
|---|---|---|---|---|---|---|
|
SONC
1251
DELISTED
Sonic Corp
SONC
| $24.4M | 0.01% |
963,972
-203,590
| -17% | -$5.14M |
|
1252
TripAdvisor
TRIP
$1.05B
| $24.4M | 0.01% |
565,925
+173,547
| +44% | +$8.23M |
|
1253
SouthState Bank Corp
SSB
$10.1B
| $24.4M | 0.01% |
273,251
+41,250
| +18% | +$3.64M |
|
1254
Diamondrock Hospitality Co
DRH
$2.51B
| $24.4M | 0.01% |
2,189,400
+125,180
| +6% | +$1.4M |
|
1255
Insperity
NSP
$1.97B
| $24.4M | 0.01% |
549,636
+91,198
| +20% | +$3.63M |
|
1256
Ormat Technologies
ORA
$5.65B
| $24.3M | 0.01% |
426,367
+50,713
| +13% | +$2.81M |
|
|
FTR
1257
DELISTED
Frontier Communications Corp.
FTR
| $24.3M | 0.01% |
756,807
+420,040
| +125% | +$19.2M |
|
1258
Myriad Genetics
MYGN
$369M
| $24.3M | 0.01% |
1,263,347
+404,375
| +47% | +$7.17M |
|
1259
Hilltop Holdings
HTH
$2.22B
| $24.2M | 0.01% |
879,537
-237,579
| -21% | -$6.64M |
|
1260
Dine Brands
DIN
$348M
| $24.1M | 0.01% |
443,443
+182,451
| +70% | +$11.5M |
|
1261
XPO
XPO
$20.4B
| $24.1M | 0.01% |
1,456,363
-437,728
| -23% | -$7.15M |
|
1262
Manulife Financial
MFC
$72.4B
| $24.1M | 0.01% |
1,362,962
-58,689
| -4% | -$1.08M |
|
1263
Viavi Solutions
VIAV
$8.51B
| $24.1M | 0.01% |
2,249,629
+117,924
| +6% | +$1.15M |
|
|
ULTI
1264
DELISTED
Ultimate Software Group Inc
ULTI
| $24.1M | 0.01% |
123,485
-68,076
| -36% | -$13.3M |
|
|
ADSW
1265
DELISTED
Advanced Disposal Services Inc
ADSW
| $24M | 0.01% |
1,062,069
| – | – |
|
|
AY
1266
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $24M | 0.01% |
1,144,998
-227,744
| -17% | -$4.8M |
|
1267
Guidewire Software
GWRE
$12B
| $24M | 0.01% |
425,629
-35,766
| -8% | -$1.96M |
|
1268
BHP
BHP
$214B
| $23.9M | 0.01% |
739,174
+154,068
| +26% | +$5.32M |
|
|
SFR
1269
DELISTED
Starwood Waypoint Homes
SFR
| $23.9M | 0.01% |
705,152
+128,135
| +22% | +$4.07M |
|
|
ELME
1270
Elme Communities
ELME
$145M
| $23.9M | 0.01% |
765,015
| – | – |
|
|
XXIA
1271
DELISTED
Ixia
XXIA
| $23.9M | 0.01% |
1,215,570
| – | – |
|
|
CEB
1272
DELISTED
CEB Inc.
CEB
| $23.9M | 0.01% |
303,833
| – | – |
|
|
HAWK
1273
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $23.9M | 0.01% |
588,160
+95,077
| +19% | +$3.53M |
|
|
CBPO
1274
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $23.8M | 0.01% |
237,885
+11,507
| +5% | +$1.23M |
|
|
ROIC
1275
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $23.8M | 0.01% |
1,132,353
| – | – |
|
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.