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 | |
|---|---|---|---|---|---|---|
1451
J&J Snack Foods
JJSF
$1.51B
| $18.2M | 0.01% |
134,068
-18,225
| -12% | -$2.41M |
|
|
ZNGA
1452
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $18.1M | 0.01% |
6,364,683
+3,135,692
| +97% | +$8.43M |
|
|
AVNS
1453
DELISTED
Avanos Medical
AVNS
| $18.1M | 0.01% |
476,108
| – | – |
|
1454
AZZ Inc
AZZ
$3.99B
| $18.1M | 0.01% |
304,196
-47,959
| -14% | -$2.83M |
|
1455
Azenta
AZTA
$1.45B
| $18.1M | 0.01% |
806,527
+198,410
| +33% | +$3.94M |
|
1456
Texas Roadhouse
TXRH
$11.2B
| $18.1M | 0.01% |
405,599
-11,929
| -3% | -$537K |
|
|
SJI
1457
DELISTED
South Jersey Industries, Inc.
SJI
| $18M | 0.01% |
505,700
-32,689
| -6% | -$1.1M |
|
1458
HubSpot
HUBS
$11.8B
| $18M | 0.01% |
296,528
-196,232
| -40% | -$11.1M |
|
1459
Colliers International
CIGI
$4.56B
| $17.9M | 0.01% |
380,454
| – | – |
|
1460
Globe Life
GL
$13.3B
| $17.9M | 0.01% |
232,933
+156,329
| +204% | +$11.9M |
|
|
BKS
1461
DELISTED
Barnes & Noble
BKS
| $17.9M | 0.01% |
1,937,720
+994,135
| +105% | +$9.93M |
|
1462
Clearwater Paper
CLW
$341M
| $17.8M | 0.01% |
318,307
+134,766
| +73% | +$7.98M |
|
|
NAVG
1463
DELISTED
Navigators Group Inc
NAVG
| $17.8M | 0.01% |
328,245
+13,429
| +4% | +$749K |
|
1464
GameStop
GME
$11.1B
| $17.7M | 0.01% |
3,145,632
-1,257,652
| -29% | -$7.68M |
|
|
WBT
1465
DELISTED
Welbilt, Inc.
WBT
| $17.7M | 0.01% |
902,486
-85,659
| -9% | -$1.64M |
|
1466
Morningstar
MORN
$7.6B
| $17.7M | 0.01% |
225,088
+25,562
| +13% | +$1.99M |
|
|
RP
1467
DELISTED
RealPage, Inc.
RP
| $17.7M | 0.01% |
506,778
+76,458
| +18% | +$2.5M |
|
|
RAVN
1468
DELISTED
Raven Industries Inc
RAVN
| $17.7M | 0.01% |
607,750
+74,700
| +14% | +$2.03M |
|
|
LGF.A
1469
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $17.6M | 0.01% |
664,513
+1
| +0% | +$27 |
|
|
STL
1470
DELISTED
Sterling Bancorp
STL
| $17.6M | 0.01% |
742,612
-184,595
| -20% | -$4.44M |
|
1471
TriNet
TNET
$3.18B
| $17.6M | 0.01% |
608,526
+86,200
| +17% | +$2.31M |
|
1472
QuidelOrtho
QDEL
$739M
| $17.6M | 0.01% |
776,706
+55,000
| +8% | +$1.14M |
|
1473
Cogent Communications
CCOI
$444M
| $17.6M | 0.01% |
408,039
+84,603
| +26% | +$3.53M |
|
1474
Shutterstock
SSTK
$183M
| $17.5M | 0.01% |
422,865
+235,248
| +125% | +$11.2M |
|
|
MGLN
1475
DELISTED
Magellan Health Services, Inc.
MGLN
| $17.4M | 0.01% |
252,497
+31,446
| +14% | +$2.3M |
|
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.