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 | |
|---|---|---|---|---|---|---|
|
IPCC
1301
DELISTED
Infinity Property & Casualty C
IPCC
| $22.8M | 0.01% |
238,567
+19,733
| +9% | +$1.79M |
|
|
DEL
1302
DELISTED
Deltic Timber
DEL
| $22.7M | 0.01% |
290,659
-26,450
| -8% | -$2.03M |
|
|
TVPT
1303
DELISTED
Travelport Worldwide Limited
TVPT
| $22.6M | 0.01% |
1,921,879
-213,115
| -10% | -$2.83M |
|
1304
Ingevity
NGVT
$2.35B
| $22.6M | 0.01% |
371,681
+56,924
| +18% | +$3.22M |
|
|
MZTI
1305
The Marzetti Company
MZTI
$2.81B
| $22.5M | 0.01% |
174,868
-15,025
| -8% | -$2.02M |
|
1306
Huron Consulting
HURN
$2.45B
| $22.5M | 0.01% |
534,934
+178,983
| +50% | +$7.89M |
|
1307
Healthcare Services Group
HCSG
$1.5B
| $22.5M | 0.01% |
522,151
-63,990
| -11% | -$2.63M |
|
1308
IMAX
IMAX
$2.86B
| $22.5M | 0.01% |
661,169
-489,763
| -43% | -$16M |
|
|
QTS
1309
DELISTED
QTS REALTY TRUST, INC.
QTS
| $22.4M | 0.01% |
459,788
| – | – |
|
1310
NETSCOUT
NTCT
$2.8B
| $22.4M | 0.01% |
589,449
-163,132
| -22% | -$5.76M |
|
1311
Wolfspeed
WOLF
$1.25B
| $22.3M | 0.01% |
835,937
+280,329
| +50% | +$7.62M |
|
|
ASNA
1312
DELISTED
Ascena Retail Group, Inc.
ASNA
| $22.3M | 0.01% |
262,189
| – | – |
|
|
LXFT
1313
DELISTED
Luxoft Holding, Inc.
LXFT
| $22.3M | 0.01% |
356,651
+178,299
| +100% | +$10.5M |
|
1314
Pebblebrook Hotel Trust
PEB
$2.01B
| $22.3M | 0.01% |
763,694
+36,817
| +5% | +$1.07M |
|
1315
Genworth Financial
GNW
$3.81B
| $22.3M | 0.01% |
5,412,274
+496,276
| +10% | +$1.91M |
|
|
UNT
1316
DELISTED
UNIT Corporation
UNT
| $22.2M | 0.01% |
920,262
+398,967
| +77% | +$10.2M |
|
|
PRMW
1317
DELISTED
Primo Water Corporation
PRMW
| $22.2M | 0.01% |
1,793,703
-331,165
| -16% | -$3.73M |
|
1318
Genesco
GCO
$361M
| $22.1M | 0.01% |
399,347
-147,836
| -27% | -$8.81M |
|
1319
GoDaddy
GDDY
$12.5B
| $22.1M | 0.01% |
583,827
+129,431
| +28% | +$4.69M |
|
1320
Power Integrations
POWI
$2.66B
| $22.1M | 0.01% |
671,636
+95,916
| +17% | +$3.19M |
|
1321
Green Dot
GDOT
$756M
| $22.1M | 0.01% |
661,504
+203,546
| +44% | +$5.77M |
|
1322
STAG Industrial
STAG
$7.15B
| $22.1M | 0.01% |
881,328
+93,532
| +12% | +$2.28M |
|
1323
Spire
SR
$4.72B
| $22M | 0.01% |
326,468
-89,457
| -22% | -$5.82M |
|
1324
Clearway Energy Class C
CWEN
$6.15B
| $22M | 0.01% |
1,243,849
+1,239,994
| +32,166% | +$21M |
|
1325
ICL Group
ICL
$7.07B
| $22M | 0.01% |
5,189,490
| – | – |
|
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.