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 | |
|---|---|---|---|---|---|---|
1276
Columbia Banking Systems
COLB
$9.06B
| $26.5M | 0.01% |
610,029
+107,192
| +21% | +$4.68M |
|
1277
Materion
MTRN
$4.7B
| $26.5M | 0.01% |
544,751
+5,114
| +0.9% | +$243K |
|
|
PSB
1278
DELISTED
PS Business Parks, Inc.
PSB
| $26.5M | 0.01% |
211,574
| – | – |
|
1279
Enerpac Tool Group
EPAC
$1.89B
| $26.5M | 0.01% |
1,045,876
-169,069
| -14% | -$4.36M |
|
|
TMHC
1280
DELISTED
Taylor Morrison
TMHC
| $26.4M | 0.01% |
1,080,373
-229,818
| -18% | -$5.38M |
|
1281
Artisan Partners
APAM
$3.01B
| $26.4M | 0.01% |
668,929
+288,204
| +76% | +$10.7M |
|
1282
UMB Financial
UMBF
$11.3B
| $26.4M | 0.01% |
366,602
-14,270
| -4% | -$1.05M |
|
|
MIC
1283
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $26.4M | 0.01% |
410,591
| – | – |
|
1284
Commerce Bancshares
CBSH
$8.66B
| $26.2M | 0.01% |
694,209
-268,109
| -28% | -$9.99M |
|
1285
Wolfspeed
WOLF
$1.36B
| $26.2M | 0.01% |
706,131
+58,513
| +9% | +$2.02M |
|
1286
Prestige Consumer Healthcare
PBH
$2.49B
| $26.2M | 0.01% |
589,817
| – | – |
|
1287
ATI
ATI
$27B
| $26.2M | 0.01% |
1,083,684
+250,000
| +30% | +$5.95M |
|
1288
COPT Defense Properties
CDP
$4.26B
| $26.1M | 0.01% |
894,685
-225,587
| -20% | -$7.08M |
|
|
WAGE
1289
DELISTED
WageWorks, Inc.
WAGE
| $26M | 0.01% |
419,864
+75,425
| +22% | +$4.73M |
|
1290
ONE Gas
OGS
$4.86B
| $26M | 0.01% |
354,766
+17,407
| +5% | +$1.32M |
|
|
TARO
1291
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $25.8M | 0.01% |
246,049
+32,725
| +15% | +$3.6M |
|
1292
H.B. Fuller
FUL
$3.13B
| $25.8M | 0.01% |
478,095
-23,038
| -5% | -$1.28M |
|
1293
Provident Financial Services
PFS
$3.32B
| $25.8M | 0.01% |
954,811
| – | – |
|
|
SPTN
1294
DELISTED
SpartanNash
SPTN
| $25.7M | 0.01% |
964,688
| – | – |
|
|
MRC
1295
DELISTED
MRC Global
MRC
| $25.7M | 0.01% |
1,521,088
-530,763
| -26% | -$8.77M |
|
|
CHUBK
1296
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $25.7M | 0.01% |
1,249,633
-97,176
| -7% | -$2.06M |
|
1297
RingCentral
RNG
$5.05B
| $25.7M | 0.01% |
531,328
| – | – |
|
1298
Acadia Realty Trust
AKR
$3.01B
| $25.7M | 0.01% |
939,633
| – | – |
|
|
NXGN
1299
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $25.7M | 0.01% |
1,892,662
+232,786
| +14% | +$3.34M |
|
|
INVX
1300
Innovex International
INVX
$2.26B
| $25.7M | 0.01% |
538,757
| – | – |
|
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.