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 | |
|---|---|---|---|---|---|---|
1451
OraSure Technologies
OSUR
$286M
| $20.4M | 0.01% |
1,082,291
-32,329
| -3% | -$586K |
|
|
TRQ
1452
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $20.4M | 0.01% |
595,989
| – | – |
|
1453
Home BancShares
HOMB
$6.27B
| $20.4M | 0.01% |
876,209
+40,966
| +5% | +$957K |
|
|
TYPE
1454
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $20.3M | 0.01% |
843,846
-177,189
| -17% | -$4.15M |
|
1455
TripAdvisor
TRIP
$1.69B
| $20.3M | 0.01% |
588,866
| – | – |
|
1456
Penumbra
PEN
$12.7B
| $20.3M | 0.01% |
215,541
| – | – |
|
|
VTLE
1457
DELISTED
Vital Energy
VTLE
| $20.3M | 0.01% |
95,564
| – | – |
|
|
MOMO
1458
Hello Group
MOMO
$879M
| $20.3M | 0.01% |
827,732
+721,891
| +682% | +$20.8M |
|
1459
OSI Systems
OSIS
$3.72B
| $20.2M | 0.01% |
313,970
-68,377
| -18% | -$5.75M |
|
1460
ICL Group
ICL
$6.56B
| $20.2M | 0.01% |
4,969,710
| – | – |
|
|
BGC
1461
DELISTED
General Cable Corporation
BGC
| $20.2M | 0.01% |
681,222
+460,360
| +208% | +$10.9M |
|
1462
Halozyme
HALO
$9.76B
| $20.2M | 0.01% |
995,008
| – | – |
|
1463
Forrester Research
FORR
$221M
| $20.1M | 0.01% |
455,775
+4,481
| +1% | +$201K |
|
|
WW
1464
DELISTED
WW International
WW
| $20.1M | 0.01% |
453,215
-332,501
| -42% | -$15.1M |
|
|
DCOM
1465
DELISTED
Dime Community Bancshares
DCOM
| $20.1M | 0.01% |
957,872
| – | – |
|
|
FMBI
1466
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $20M | 0.01% |
834,247
| – | – |
|
1467
Sea Limited
SE
$68.1B
| $20M | 0.01% |
+1,500,000
| New | +$20.5M |
|
1468
Eagle Bancorp
EGBN
$849M
| $19.9M | 0.01% |
343,953
| – | – |
|
|
CEL
1469
DELISTED
Cellcom Israel, Ltd.
CEL
| $19.9M | 0.01% |
1,931,405
-37,979
| -2% | -$368K |
|
1470
SouthState Bank Corp
SSB
$10.5B
| $19.9M | 0.01% |
227,817
| – | – |
|
1471
Zurn Elkay Water Solutions
ZWS
$8.49B
| $19.8M | 0.01% |
1,581,378
+361,209
| +30% | +$4.36M |
|
|
PDCE
1472
DELISTED
PDC Energy, Inc.
PDCE
| $19.7M | 0.01% |
382,189
-251,747
| -40% | -$11.9M |
|
|
DF
1473
DELISTED
Dean Foods Company
DF
| $19.7M | 0.01% |
1,702,994
| – | – |
|
1474
Strategic Education
STRA
$1.89B
| $19.7M | 0.01% |
219,634
| – | – |
|
1475
Watts Water Technologies
WTS
$11.7B
| $19.7M | 0.01% |
259,047
| – | – |
|
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.