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 | |
|---|---|---|---|---|---|---|
|
KG
1376
Kestrel Group
KG
$45.9M
| $20.5M | 0.01% |
73,152
+25,503
| +54% | +$8.4M |
|
|
BECN
1377
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $20.4M | 0.01% |
414,769
-86,893
| -17% | -$4.01M |
|
|
ATHN
1378
DELISTED
Athenahealth, Inc.
ATHN
| $20.4M | 0.01% |
180,624
-16,679
| -8% | -$1.94M |
|
|
CEL
1379
DELISTED
Cellcom Israel, Ltd.
CEL
| $20.3M | 0.01% |
1,969,384
| – | – |
|
|
ANAT
1380
DELISTED
American National Group, Inc. Common Stock
ANAT
| $20.3M | 0.01% |
171,747
-3,453
| -2% | -$412K |
|
|
TVTY
1381
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $20.3M | 0.01% |
696,486
+399,786
| +135% | +$10.5M |
|
1382
National CineMedia
NCMI
$220M
| $20.2M | 0.01% |
160,325
+97,843
| +157% | +$13.2M |
|
1383
Dorman Products
DORM
$3.71B
| $20.2M | 0.01% |
246,396
+44,357
| +22% | +$3.29M |
|
1384
Rogers Corp
ROG
$2.3B
| $20.2M | 0.01% |
235,626
+11,525
| +5% | +$942K |
|
1385
Copa Holdings
CPA
$5.23B
| $20.2M | 0.01% |
179,932
+37,946
| +27% | +$3.86M |
|
1386
Alamos Gold
AGI
$14.4B
| $20.2M | 0.01% |
2,518,042
+762,135
| +43% | +$6.06M |
|
|
SIR
1387
DELISTED
SELECT INCOME REIT
SIR
| $20.1M | 0.01% |
1,777,455
+34,125
| +2% | +$383K |
|
1388
DNOW Inc
DNOW
$2.82B
| $20.1M | 0.01% |
1,186,446
-91,752
| -7% | -$1.81M |
|
|
AEL
1389
DELISTED
American Equity Investment Life Holding Company
AEL
| $20.1M | 0.01% |
851,393
| – | – |
|
|
LQ
1390
DELISTED
La Quinta Holdings Inc.
LQ
| $20.1M | 0.01% |
1,485,615
-38,663
| -3% | -$540K |
|
1391
Designer Brands
DBI
$309M
| $20.1M | 0.01% |
970,963
| – | – |
|
|
VG
1392
DELISTED
Vonage Holdings Corporation
VG
| $20.1M | 0.01% |
3,174,569
+344,294
| +12% | +$2.29M |
|
1393
Prothena Corp
PRTA
$423M
| $20.1M | 0.01% |
359,426
-12,127
| -3% | -$637K |
|
1394
Opko Health
OPK
$1.2B
| $20M | 0.01% |
2,500,824
-770,208
| -24% | -$6.48M |
|
|
BRKL
1395
DELISTED
Brookline Bancorp
BRKL
| $20M | 0.01% |
1,275,738
+315,615
| +33% | +$4.97M |
|
|
PRSU
1396
Pursuit Attractions and Hospitality Inc
PRSU
$1.33B
| $20M | 0.01% |
441,384
+106,214
| +32% | +$4.8M |
|
|
RICE
1397
DELISTED
Rice Energy Inc.
RICE
| $19.9M | 0.01% |
840,841
+364,685
| +77% | +$7.57M |
|
|
AF
1398
DELISTED
Astoria Financial Corporation
AF
| $19.9M | 0.01% |
971,231
+185,071
| +24% | +$3.58M |
|
1399
Wendy's
WEN
$1.34B
| $19.9M | 0.01% |
1,460,483
-212,210
| -13% | -$2.89M |
|
1400
B2Gold
BTG
$6.79B
| $19.8M | 0.01% |
6,963,401
-65,601
| -0.9% | -$197K |
|
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.