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 | |
|---|---|---|---|---|---|---|
1501
Amkor Technology
AMKR
$11.5B
| $16.7M | 0.01% |
1,440,403
+146,501
| +11% | +$1.51M |
|
|
EVER
1502
DELISTED
Everbank Financial Corp
EVER
| $16.7M | 0.01% |
856,232
| – | – |
|
1503
Integra LifeSciences
IART
$1.25B
| $16.7M | 0.01% |
395,723
-344,965
| -47% | -$14.7M |
|
1504
Matthews International
MATW
$623M
| $16.6M | 0.01% |
245,971
-5,750
| -2% | -$398K |
|
1505
8x8 Inc
EGHT
$260M
| $16.6M | 0.01% |
1,086,287
+864,587
| +390% | +$13.1M |
|
|
ABCO
1506
DELISTED
Advisory Board Co
ABCO
| $16.6M | 0.01% |
353,642
-21,226
| -6% | -$937K |
|
1507
Artisan Partners
APAM
$2.58B
| $16.5M | 0.01% |
598,321
+247,877
| +71% | +$7.11M |
|
|
SUP
1508
DELISTED
Superior Industries International
SUP
| $16.5M | 0.01% |
650,107
+413,752
| +175% | +$10.2M |
|
1509
Lexicon Pharmaceuticals
LXRX
$899M
| $16.5M | 0.01% |
1,148,479
+238,715
| +26% | +$3.54M |
|
|
FNFV
1510
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $16.4M | 0.01% |
1,240,071
+208,621
| +20% | +$2.62M |
|
1511
Baytex Energy
BTE
$3.42B
| $16.4M | 0.01% |
4,814,211
+576,041
| +14% | +$2.24M |
|
1512
U-Haul Holding Co
UHAL
$12.3B
| $16.4M | 0.01% |
429,210
-110,890
| -21% | -$4.17M |
|
|
CHUBK
1513
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $16.3M | 0.01% |
1,051,407
+821,686
| +358% | +$12.7M |
|
|
LHCG
1514
DELISTED
LHC Group LLC
LHCG
| $16.3M | 0.01% |
302,657
+129,512
| +75% | +$6.29M |
|
1515
LivaNova
LIVN
$4.33B
| $16.3M | 0.01% |
332,683
-574
| -0.2% | -$27.9K |
|
|
DNB
1516
DELISTED
Dun & Bradstreet
DNB
| $16.3M | 0.01% |
151,025
-98,937
| -40% | -$11.2M |
|
1517
Ligand Pharmaceuticals
LGND
$5.49B
| $16.3M | 0.01% |
246,884
-60,743
| -20% | -$4M |
|
1518
Grand Canyon Education
LOPE
$4.01B
| $16.3M | 0.01% |
227,522
-354
| -0.2% | -$22K |
|
1519
Saia
SAIA
$9.14B
| $16.3M | 0.01% |
367,438
-22,758
| -6% | -$1.06M |
|
|
CKH
1520
DELISTED
Seacor Holdings Inc.
CKH
| $16.2M | 0.01% |
242,710
+117,851
| +94% | +$8.06M |
|
|
FMBI
1521
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $16.2M | 0.01% |
684,188
-69,371
| -9% | -$1.69M |
|
|
AL
1522
DELISTED
Air Lease Corp
AL
| $16.2M | 0.01% |
417,291
-4,090
| -1% | -$154K |
|
|
WGL
1523
DELISTED
Wgl Holdings
WGL
| $16.1M | 0.01% |
195,117
-49,774
| -20% | -$4.05M |
|
1524
Seaboard Corp
SEB
$4.14B
| $16.1M | 0.01% |
3,854
-76
| -2% | -$297K |
|
|
PIR
1525
DELISTED
Pier 1 Imports, Inc.
PIR
| $16.1M | 0.01% |
112,168
| – | – |
|
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.