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 | |
|---|---|---|---|---|---|---|
1276
Smith & Wesson
SWBI
$586M
| $23.8M | 0.01% |
1,563,792
+795,389
| +104% | +$12.1M |
|
|
JE
1277
DELISTED
Just Energy Group Inc
JE
| $23.8M | 0.01% |
115,238
| – | – |
|
1278
Kemper
KMPR
$1.61B
| $23.8M | 0.01% |
596,493
+45,457
| +8% | +$1.94M |
|
1279
Comfort Systems
FIX
$55.9B
| $23.8M | 0.01% |
648,719
+155,530
| +32% | +$5.4M |
|
|
PINC
1280
DELISTED
Premier
PINC
| $23.7M | 0.01% |
744,705
+355,039
| +91% | +$11.2M |
|
|
CNSL
1281
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $23.6M | 0.01% |
1,006,717
+478,267
| +91% | +$11.9M |
|
1282
Scholastic
SCHL
$660M
| $23.5M | 0.01% |
553,040
+146,303
| +36% | +$6.66M |
|
|
SLCA
1283
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $23.5M | 0.01% |
490,533
+26,823
| +6% | +$1.44M |
|
1284
KB Home
KBH
$2.98B
| $23.5M | 0.01% |
1,180,419
+455,756
| +63% | +$7.97M |
|
|
ERF
1285
DELISTED
Enerplus Corporation
ERF
| $23.5M | 0.01% |
2,922,222
| – | – |
|
|
MDCO
1286
DELISTED
Medicines Co
MDCO
| $23.4M | 0.01% |
478,250
-187,596
| -28% | -$8.56M |
|
|
NCI
1287
DELISTED
Navigant Consulting, Inc.
NCI
| $23.3M | 0.01% |
1,017,271
+106,831
| +12% | +$2.55M |
|
|
SEM
1288
DELISTED
Select Medical
SEM
| $23.3M | 0.01% |
3,232,469
+965,430
| +43% | +$7M |
|
1289
Liberty Media Series A
FWONA
$21.9B
| $23.2M | 0.01% |
742,250
| – | – |
|
1290
Provident Financial Services
PFS
$3.02B
| $23.2M | 0.01% |
898,736
+150,337
| +20% | +$3.99M |
|
1291
The Greenbrier Companies
GBX
$1.32B
| $23.2M | 0.01% |
538,376
+433,426
| +413% | +$19.1M |
|
|
QEP
1292
DELISTED
QEP RESOURCES, INC.
QEP
| $23.2M | 0.01% |
1,822,636
-99,316
| -5% | -$1.56M |
|
1293
First Solar
FSLR
$20.5B
| $23.1M | 0.01% |
853,526
+745,391
| +689% | +$24.4M |
|
1294
Sturm, Ruger & Co
RGR
$592M
| $23.1M | 0.01% |
431,462
+91,803
| +27% | +$4.71M |
|
1295
Dycom Industries
DY
$8.67B
| $23.1M | 0.01% |
248,240
+88,717
| +56% | +$7.53M |
|
|
SPLK
1296
DELISTED
Splunk Inc
SPLK
| $23M | 0.01% |
369,843
-204,186
| -36% | -$12.2M |
|
1297
PRA Group
PRAA
$756M
| $23M | 0.01% |
694,456
+220,056
| +46% | +$8.26M |
|
1298
The Mosaic Company
MOS
$7.88B
| $23M | 0.01% |
787,585
| – | – |
|
1299
Clean Harbors
CLH
$16.8B
| $22.9M | 0.01% |
412,384
-228,883
| -36% | -$12.7M |
|
|
LKSD
1300
DELISTED
LSC Communications, Inc.
LKSD
| $22.9M | 0.01% |
910,446
+638,489
| +235% | +$16.7M |
|
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.