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 | |
|---|---|---|---|---|---|---|
1326
NBT Bancorp
NBTB
$2.68B
| $22M | 0.01% |
593,791
+111,890
| +23% | +$4.51M |
|
|
TBI
1327
Trueblue
TBI
$276M
| $22M | 0.01% |
804,402
+281,325
| +54% | +$7.18M |
|
1328
Northwest Bancshares
NWBI
$2.26B
| $22M | 0.01% |
1,305,892
+218,332
| +20% | +$3.83M |
|
|
XYZ
1329
Block Inc
XYZ
$46B
| $22M | 0.01% |
+1,271,849
| New | +$19.9M |
|
1330
FirstService
FSV
$5.78B
| $21.9M | 0.01% |
363,848
-4,688
| -1% | -$252K |
|
|
CZZ
1331
DELISTED
Cosan Limited
CZZ
| $21.9M | 0.01% |
2,565,540
+1,001,632
| +64% | +$8.4M |
|
1332
BOK Financial
BOKF
$8.07B
| $21.9M | 0.01% |
279,421
+66,068
| +31% | +$5.39M |
|
1333
Oil States International
OIS
$509M
| $21.8M | 0.01% |
658,646
-78,274
| -11% | -$2.87M |
|
1334
United Bankshares
UBSI
$6.44B
| $21.8M | 0.01% |
516,072
+12,760
| +3% | +$562K |
|
|
DBD
1335
DELISTED
Diebold Nixdorf Incorporated
DBD
| $21.8M | 0.01% |
710,234
-965,863
| -58% | -$27.3M |
|
|
CALY
1336
Callaway Golf Company
CALY
$2.65B
| $21.8M | 0.01% |
1,968,111
+844,688
| +75% | +$9.24M |
|
1337
Pan American Silver
PAAS
$19.7B
| $21.8M | 0.01% |
1,248,026
+340,115
| +37% | +$6.18M |
|
1338
White Mountains Insurance
WTM
$4.92B
| $21.8M | 0.01% |
24,753
+5,737
| +30% | +$5.14M |
|
1339
World Kinect Corp
WKC
$1.81B
| $21.7M | 0.01% |
599,791
-66,335
| -10% | -$2.7M |
|
1340
Invesco Mortgage Capital
IVR
$704M
| $21.6M | 0.01% |
140,394
+17,474
| +14% | +$2.64M |
|
|
KNGT
1341
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $21.6M | 0.01% |
689,023
+199,692
| +41% | +$6.26M |
|
|
AVX
1342
DELISTED
AVX Corporation
AVX
| $21.6M | 0.01% |
1,315,807
+325,066
| +33% | +$5.2M |
|
|
XHR
1343
Xenia Hotels & Resorts
XHR
$1.62B
| $21.5M | 0.01% |
1,257,852
+116,417
| +10% | +$2.09M |
|
1344
Laureate Education
LAUR
$4.99B
| $21.4M | 0.01% |
+1,500,000
| New | +$19.9M |
|
|
VRTV
1345
DELISTED
VERITIV CORPORATION
VRTV
| $21.3M | 0.01% |
411,380
-20,639
| -5% | -$1.14M |
|
|
BLD
1346
DELISTED
TopBuild
BLD
| $21.3M | 0.01% |
452,810
+199,861
| +79% | +$8.11M |
|
1347
Archrock
AROC
$5.44B
| $21.2M | 0.01% |
1,712,092
+360,313
| +27% | +$5.06M |
|
|
ALEX
1348
DELISTED
Alexander & Baldwin
ALEX
| $21.2M | 0.01% |
476,595
+30,645
| +7% | +$1.36M |
|
1349
SiriusPoint
SPNT
$2.84B
| $21.2M | 0.01% |
1,753,325
+1,017,477
| +138% | +$12M |
|
|
CIR
1350
DELISTED
CIRCOR International, Inc
CIR
| $21.2M | 0.01% |
356,425
-31,637
| -8% | -$1.95M |
|
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.