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 | |
|---|---|---|---|---|---|---|
1476
Innospec
IOSP
$2.11B
| $19.7M | 0.01% |
278,533
+113,470
| +69% | +$7.56M |
|
|
LMNX
1477
DELISTED
Luminex Corp
LMNX
| $19.6M | 0.01% |
997,301
+94,052
| +10% | +$1.96M |
|
1478
World Kinect Corp
WKC
$2B
| $19.6M | 0.01% |
696,439
+18,182
| +3% | +$548K |
|
1479
Kelly Services Class A
KELYA
$520M
| $19.5M | 0.01% |
716,389
| – | – |
|
1480
Asbury Automotive
ABG
$4.24B
| $19.4M | 0.01% |
303,661
+67,986
| +29% | +$4.25M |
|
1481
Piper Sandler
PIPR
$5.13B
| $19.4M | 0.01% |
898,404
-378,208
| -30% | -$6.82M |
|
1482
Chord Energy
CHRD
$7.84B
| $19.4M | 0.01% |
2,302,435
+400,000
| +21% | +$3.69M |
|
1483
Ormat Technologies
ORA
$6.02B
| $19.3M | 0.01% |
302,229
| – | – |
|
|
UNIT
1484
Uniti Group
UNIT
$2.34B
| $19.3M | 0.01% |
1,086,489
-725,024
| -40% | -$12M |
|
|
LGF.B
1485
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $19.2M | 0.01% |
603,512
-3,200
| -0.5% | -$96K |
|
1486
Fortinet
FTNT
$120B
| $19.1M | 0.01% |
2,186,855
+620,520
| +40% | +$5.06M |
|
|
LGF.A
1487
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $19.1M | 0.01% |
564,466
+3,114
| +0.6% | +$97.9K |
|
|
FSP
1488
Franklin Street Properties
FSP
$48.1M
| $19.1M | 0.01% |
1,774,867
| – | – |
|
1489
Armstrong World Industries
AWI
$7.58B
| $19M | 0.01% |
314,586
+59,882
| +24% | +$3.3M |
|
|
MTOR
1490
DELISTED
MERITOR, Inc.
MTOR
| $19M | 0.01% |
811,452
-235,903
| -23% | -$5.92M |
|
1491
RLI Corp
RLI
$5.62B
| $19M | 0.01% |
627,606
| – | – |
|
1492
Exponent
EXPO
$3.31B
| $19M | 0.01% |
534,132
+80,000
| +18% | +$2.94M |
|
1493
SM Energy
SM
$7.66B
| $19M | 0.01% |
859,216
+128,285
| +18% | +$2.59M |
|
1494
Opko Health
OPK
$978M
| $19M | 0.01% |
3,870,493
+1,075,398
| +38% | +$6.24M |
|
1495
iRhythm Holdings
IRTC
$4.1B
| $18.9M | 0.01% |
+337,559
| New | +$17.6M |
|
|
GZT
1496
DELISTED
Gazit-globe Ltd
GZT
| $18.9M | 0.01% |
1,776,579
-115,486
| -6% | -$1.14M |
|
|
CUDA
1497
DELISTED
Barracuda Networks, Inc.
CUDA
| $18.8M | 0.01% |
685,363
-695,710
| -50% | -$17.3M |
|
1498
Archrock
AROC
$6.16B
| $18.8M | 0.01% |
1,794,736
| – | – |
|
1499
Texas Capital Bancshares
TCBI
$4.4B
| $18.8M | 0.01% |
211,766
-13,138
| -6% | -$1.14M |
|
1500
CONMED
CNMD
$1.55B
| $18.8M | 0.01% |
368,985
-55,886
| -13% | -$2.91M |
|
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.