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 | |
|---|---|---|---|---|---|---|
|
SYKE
1401
DELISTED
SYKES Enterprises Inc
SYKE
| $19.8M | 0.01% |
672,909
+10,310
| +2% | +$294K |
|
|
ESGR
1402
DELISTED
Enstar Group
ESGR
| $19.8M | 0.01% |
103,397
+300
| +0.3% | +$58K |
|
|
NTUS
1403
DELISTED
Natus Medical Inc
NTUS
| $19.8M | 0.01% |
503,336
+171,166
| +52% | +$6.42M |
|
1404
Valvoline
VVV
$3.46B
| $19.6M | 0.01% |
800,000
| – | – |
|
|
AEGN
1405
DELISTED
Aegion Corp
AEGN
| $19.6M | 0.01% |
856,026
+140,165
| +20% | +$3.22M |
|
|
CAVM
1406
DELISTED
Cavium, Inc.
CAVM
| $19.6M | 0.01% |
273,633
-84,179
| -24% | -$5.63M |
|
|
SPWR
1407
DELISTED
SunPower Corporation Common Stock
SPWR
| $19.6M | 0.01% |
+4,902,145
| New | +$23M |
|
|
AMED
1408
DELISTED
Amedisys
AMED
| $19.6M | 0.01% |
382,950
+66,671
| +21% | +$3.18M |
|
|
TDAY
1409
USA Today Co
TDAY
$951M
| $19.5M | 0.01% |
1,375,368
+393,375
| +40% | +$6M |
|
1410
Banner Corp
BANR
$2.6B
| $19.5M | 0.01% |
351,037
+132,886
| +61% | +$7.59M |
|
1411
Boyd Gaming
BYD
$5.49B
| $19.5M | 0.01% |
886,706
+305,636
| +53% | +$6.21M |
|
1412
Protolabs
PRLB
$1.99B
| $19.4M | 0.01% |
380,427
-94,739
| -20% | -$5.02M |
|
|
ILG
1413
DELISTED
ILG, Inc Common Stock
ILG
| $19.4M | 0.01% |
927,229
-372,036
| -29% | -$7M |
|
|
LGF.B
1414
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $19.4M | 0.01% |
796,718
-378,185
| -32% | -$9.59M |
|
|
MANT
1415
DELISTED
Mantech International Corp
MANT
| $19.4M | 0.01% |
558,908
+181,113
| +48% | +$6.91M |
|
1416
WesBanco
WSBC
$3.79B
| $19.3M | 0.01% |
505,945
+122,824
| +32% | +$4.96M |
|
|
GRP.U
1417
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $19.3M | 0.01% |
552,732
+61,080
| +12% | +$2.08M |
|
1418
Bausch Health
BHC
$2.13B
| $19.3M | 0.01% |
1,749,502
-956,351
| -35% | -$13.2M |
|
1419
BGC Group
BGC
$5.79B
| $19.3M | 0.01% |
2,637,527
-140,963
| -5% | -$1.01M |
|
1420
RLI Corp
RLI
$5.56B
| $19.2M | 0.01% |
639,152
-66,588
| -9% | -$1.97M |
|
1421
Apogee Enterprises
APOG
$787M
| $19.2M | 0.01% |
321,484
+91,505
| +40% | +$5.24M |
|
1422
Renasant Corp
RNST
$3.7B
| $19.2M | 0.01% |
482,573
+52,152
| +12% | +$2.11M |
|
|
EXPR
1423
DELISTED
Express, Inc.
EXPR
| $19.1M | 0.01% |
104,989
+34,280
| +48% | +$7.08M |
|
|
AAT
1424
American Assets Trust
AAT
$1.34B
| $19.1M | 0.01% |
457,179
+37,246
| +9% | +$1.6M |
|
1425
ABM Industries
ABM
$2.95B
| $19.1M | 0.01% |
438,617
-213,119
| -33% | -$8.81M |
|
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.