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 | |
|---|---|---|---|---|---|---|
1526
Jack in the Box
JACK
$253M
| $16.1M | 0.01% |
157,834
-87,650
| -36% | -$9.08M |
|
1527
News Corp Class B
NWS
$17.9B
| $16.1M | 0.01% |
1,188,858
| – | – |
|
1528
Trex
TREX
$4.39B
| $16M | 0.01% |
924,624
-301,668
| -25% | -$5.2M |
|
|
AMWD
1529
DELISTED
American Woodmark
AMWD
| $16M | 0.01% |
174,333
+20,480
| +13% | +$1.64M |
|
1530
Cato Corp
CATO
$46.6M
| $15.9M | 0.01% |
724,778
+285,876
| +65% | +$7.12M |
|
1531
Forum Energy Technologies
FET
$936M
| $15.9M | 0.01% |
38,379
-5,733
| -13% | -$2.46M |
|
|
GOV
1532
DELISTED
Government Properties Income Trust
GOV
| $15.8M | 0.01% |
755,259
| – | – |
|
|
HRG
1533
DELISTED
HRG Group, Inc.
HRG
| $15.8M | 0.01% |
816,929
-206,952
| -20% | -$3.63M |
|
1534
Donnelley Financial Solutions
DFIN
$1.2B
| $15.8M | 0.01% |
817,957
+535,761
| +190% | +$12.1M |
|
|
PWE
1535
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $15.8M | 0.01% |
9,260,248
+3,533,582
| +62% | +$6.06M |
|
1536
Rayonier Advanced Materials
RYAM
$559M
| $15.8M | 0.01% |
1,171,647
| – | – |
|
1537
Algonquin Power & Utilities
AQN
$4.1B
| $15.7M | 0.01% |
1,649,736
-126,394
| -7% | -$1.14M |
|
|
VIVO
1538
DELISTED
Meridian Bioscience Inc
VIVO
| $15.7M | 0.01% |
1,136,022
| – | – |
|
|
CYBR
1539
DELISTED
CyberArk
CYBR
| $15.7M | 0.01% |
307,674
+166,945
| +119% | +$8.51M |
|
1540
Hecla Mining
HL
$12.1B
| $15.6M | 0.01% |
2,955,756
+1,017,558
| +53% | +$5.88M |
|
|
WIN
1541
DELISTED
Windstream Holdings Inc
WIN
| $15.6M | 0.01% |
573,494
+502,670
| +710% | +$18M |
|
1542
Bright Horizons
BFAM
$3.34B
| $15.6M | 0.01% |
215,041
-120,270
| -36% | -$8.42M |
|
1543
Rexford Industrial Realty
REXR
$8.66B
| $15.6M | 0.01% |
690,857
+665,857
| +2,663% | +$15.2M |
|
|
PDS
1544
Precision Drilling
PDS
$1.11B
| $15.6M | 0.01% |
164,887
-39,630
| -19% | -$4.15M |
|
|
FFIC
1545
DELISTED
Flushing Financial
FFIC
| $15.6M | 0.01% |
578,728
+221,434
| +62% | +$6.18M |
|
1546
Four Corners Property Trust
FCPT
$2.53B
| $15.5M | 0.01% |
680,911
+204,483
| +43% | +$4.39M |
|
1547
Standex International
SXI
$3.18B
| $15.5M | 0.01% |
155,190
+7,479
| +5% | +$701K |
|
|
LTXB
1548
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $15.5M | 0.01% |
388,931
+84,681
| +28% | +$3.53M |
|
1549
Descartes Systems
DSGX
$6.76B
| $15.5M | 0.01% |
678,579
+158,432
| +30% | +$3.49M |
|
1550
BJ's Restaurants
BJRI
$1.27B
| $15.5M | 0.01% |
382,720
+203,844
| +114% | +$7.54M |
|
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.