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 | |
|---|---|---|---|---|---|---|
1426
Adtran
ADTN
$578M
| $19.1M | 0.01% |
921,584
+528,610
| +135% | +$11.5M |
|
|
EIGI
1427
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $19.1M | 0.01% |
2,435,259
+1,497,431
| +160% | +$12.2M |
|
1428
Manitowoc
MTW
$753M
| $19.1M | 0.01% |
837,926
+111,883
| +15% | +$2.76M |
|
|
MTSC
1429
DELISTED
MTS Systems Corp
MTSC
| $19.1M | 0.01% |
346,732
+135,412
| +64% | +$7.6M |
|
|
BNCL
1430
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $19.1M | 0.01% |
1,192,287
+448,115
| +60% | +$7.58M |
|
|
LNW
1431
DELISTED
Light & Wonder
LNW
| $19M | 0.01% |
802,706
+387,854
| +93% | +$7.49M |
|
1432
MaxLinear
MXL
$6.3B
| $18.9M | 0.01% |
675,414
+627,522
| +1,310% | +$16.1M |
|
1433
United Fire Group
UFCS
$1.41B
| $18.9M | 0.01% |
442,714
+65,306
| +17% | +$2.93M |
|
|
TWTR
1434
DELISTED
Twitter, Inc.
TWTR
| $18.9M | 0.01% |
1,263,638
-2,275,972
| -64% | -$36.9M |
|
1435
New York Times
NYT
$11.7B
| $18.9M | 0.01% |
1,311,350
-170,540
| -12% | -$2.44M |
|
1436
S&T Bancorp
STBA
$1.76B
| $18.9M | 0.01% |
545,751
+233,203
| +75% | +$8.5M |
|
|
SHLM
1437
DELISTED
Schulman (A.) Inc
SHLM
| $18.9M | 0.01% |
600,003
+205,947
| +52% | +$6.84M |
|
|
AVTA
1438
DELISTED
Avantax, Inc. Common Stock
AVTA
| $18.8M | 0.01% |
1,088,111
-34,700
| -3% | -$543K |
|
1439
Rush Enterprises Class A
RUSHA
$5.72B
| $18.7M | 0.01% |
1,908,093
+1,086,483
| +132% | +$10.7M |
|
|
CHSP
1440
DELISTED
Chesapeake Lodging Trust
CHSP
| $18.6M | 0.01% |
774,794
+111,749
| +17% | +$2.77M |
|
|
AAMI
1441
Acadian Asset Management
AAMI
$3.17B
| $18.5M | 0.01% |
1,220,607
+444,914
| +57% | +$6.56M |
|
1442
Rambus
RMBS
$8.83B
| $18.4M | 0.01% |
1,403,753
+93,894
| +7% | +$1.23M |
|
1443
First Financial Bancorp
FFBC
$3.38B
| $18.4M | 0.01% |
671,013
+68,250
| +11% | +$1.9M |
|
1444
Gibraltar Industries
ROCK
$1.33B
| $18.4M | 0.01% |
447,040
+34,919
| +8% | +$1.46M |
|
1445
Employers Holdings
EIG
$898M
| $18.4M | 0.01% |
484,581
+13,500
| +3% | +$509K |
|
1446
Eldorado Gold
EGO
$10.6B
| $18.4M | 0.01% |
1,077,187
-376,330
| -26% | -$6.31M |
|
1447
ATI
ATI
$25.8B
| $18.4M | 0.01% |
1,021,885
+440,473
| +76% | +$8.28M |
|
|
WPG
1448
DELISTED
Washington Prime Group Inc.
WPG
| $18.3M | 0.01% |
233,765
+26,828
| +13% | +$2.25M |
|
|
PHH
1449
DELISTED
PHH Corporation
PHH
| $18.3M | 0.01% |
1,433,775
+513,876
| +56% | +$6.98M |
|
1450
Nelnet
NNI
$4.56B
| $18.2M | 0.01% |
414,494
+47,544
| +13% | +$2.27M |
|
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.