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 | |
|---|---|---|---|---|---|---|
|
LQ
1401
DELISTED
La Quinta Holdings Inc.
LQ
| $22.7M | 0.01% |
1,231,803
+55,829
| +5% | +$990K |
|
1402
Insmed
INSM
$21.3B
| $22.7M | 0.01% |
729,005
+198,969
| +38% | +$5.88M |
|
|
LNW
1403
DELISTED
Light & Wonder
LNW
| $22.6M | 0.01% |
440,508
+159,603
| +57% | +$7.78M |
|
|
ROIC
1404
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $22.6M | 0.01% |
1,132,353
| – | – |
|
|
CBI
1405
DELISTED
Chicago Bridge & Iron Nv
CBI
| $22.6M | 0.01% |
1,397,963
-75,637
| -5% | -$1.23M |
|
|
KLXI
1406
DELISTED
KLX Inc.
KLXI
| $22.5M | 0.01% |
391,654
+49,690
| +15% | +$2.38M |
|
|
MDR
1407
DELISTED
McDermott International
MDR
| $22.5M | 0.01% |
1,140,776
-368,916
| -24% | -$7.8M |
|
|
ARRY
1408
DELISTED
Array Biopharma Inc
ARRY
| $22.5M | 0.01% |
1,758,975
| – | – |
|
1409
Ubiquiti
UI
$33.7B
| $22.5M | 0.01% |
316,663
-73,214
| -19% | -$4.69M |
|
1410
Synaptics
SYNA
$4.19B
| $22.4M | 0.01% |
561,821
+198,320
| +55% | +$7.59M |
|
1411
Group 1 Automotive
GPI
$3.48B
| $22.4M | 0.01% |
316,004
+131,445
| +71% | +$10M |
|
|
AAT
1412
American Assets Trust
AAT
$1.47B
| $22.4M | 0.01% |
586,433
+75,342
| +15% | +$2.96M |
|
1413
Constellium
CSTM
$3.85B
| $22.4M | 0.01% |
2,008,412
+2,004,693
| +53,904% | +$21.3M |
|
|
SYNH
1414
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $22.4M | 0.01% |
513,299
+19,936
| +4% | +$931K |
|
1415
SLM Corp
SLM
$4.89B
| $22.4M | 0.01% |
1,978,201
-549,959
| -22% | -$6.02M |
|
1416
Four Corners Property Trust
FCPT
$2.78B
| $22.3M | 0.01% |
869,339
-40,044
| -4% | -$1.03M |
|
1417
Koppers
KOP
$976M
| $22.2M | 0.01% |
435,739
-39,917
| -8% | -$1.95M |
|
1418
Trustmark
TRMK
$2.76B
| $22M | 0.01% |
691,804
| – | – |
|
|
LOXO
1419
DELISTED
Loxo Oncology, Inc
LOXO
| $22M | 0.01% |
261,545
+75,383
| +40% | +$6.28M |
|
1420
Genworth Financial
GNW
$3.76B
| $22M | 0.01% |
7,076,356
| – | – |
|
1421
Astec Industries
ASTE
$1.21B
| $21.8M | 0.01% |
373,321
-15,691
| -4% | -$842K |
|
1422
CBIZ
CBZ
$2.99B
| $21.8M | 0.01% |
1,412,543
| – | – |
|
1423
Scholastic
SCHL
$767M
| $21.8M | 0.01% |
543,096
-59,050
| -10% | -$2.29M |
|
1424
Alaska Air
ALK
$5.6B
| $21.7M | 0.01% |
295,298
-55,884
| -16% | -$3.97M |
|
1425
Theravance Biopharma
TBPH
$874M
| $21.6M | 0.01% |
774,797
-28,530
| -4% | -$844K |
|
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.