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 | |
|---|---|---|---|---|---|---|
1551
Comscore
SCOR
$79.7M
| $15.4M | 0.01% |
35,759
-15,026
| -30% | -$9.56M |
|
1552
McGrath RentCorp
MGRC
$2.72B
| $15.4M | 0.01% |
457,920
+41,947
| +10% | +$1.53M |
|
|
ARD
1553
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $15.4M | 0.01% |
+700,000
| New | +$15.4M |
|
1554
NovaGold Resources
NG
$3.06B
| $15.3M | 0.01% |
3,158,064
-1,291,814
| -29% | -$6.83M |
|
1555
First Bancorp
FBP
$4.21B
| $15.3M | 0.01% |
2,707,581
+1,079,748
| +66% | +$6.86M |
|
|
RWT
1556
Redwood Trust
RWT
$492M
| $15.3M | 0.01% |
920,264
+135,331
| +17% | +$2.18M |
|
1557
Piper Sandler
PIPR
$5.05B
| $15.3M | 0.01% |
956,108
+112,392
| +13% | +$1.99M |
|
|
TLRD
1558
DELISTED
Tailored Brands, Inc.
TLRD
| $15.2M | 0.01% |
1,015,729
+502,225
| +98% | +$10.1M |
|
1559
Pacira BioSciences
PCRX
$992M
| $15.1M | 0.01% |
332,219
-78,248
| -19% | -$3.38M |
|
1560
TFS Financial
TFSL
$4.71B
| $15.1M | 0.01% |
911,096
-73,055
| -7% | -$1.28M |
|
|
GZT
1561
DELISTED
Gazit-globe Ltd
GZT
| $15.1M | 0.01% |
1,473,884
-29,516
| -2% | -$292K |
|
1562
Choice Hotels
CHH
$4.42B
| $15.1M | 0.01% |
241,506
+4,217
| +2% | +$248K |
|
1563
Arcos Dorados Holdings
ARCO
$1.62B
| $15.1M | 0.01% |
1,926,029
+345,403
| +22% | +$2.13M |
|
|
HF
1564
DELISTED
HFF Inc.
HF
| $15M | 0.01% |
543,083
+111,009
| +26% | +$3.26M |
|
1565
First Financial Corp
THFF
$911M
| $15M | 0.01% |
315,539
+95,377
| +43% | +$4.58M |
|
|
CYS
1566
DELISTED
CYS Investments Inc.
CYS
| $15M | 0.01% |
1,885,262
+169,478
| +10% | +$1.33M |
|
|
ESND
1567
DELISTED
Essendant Inc.
ESND
| $14.9M | 0.01% |
986,826
+114,436
| +13% | +$2.13M |
|
|
BOBE
1568
DELISTED
Bob Evans Farms, Inc.
BOBE
| $14.9M | 0.01% |
230,138
-30,193
| -12% | -$1.7M |
|
|
BPFH
1569
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $14.9M | 0.01% |
909,899
| – | – |
|
1570
Precigen
PGEN
$2.66B
| $14.9M | 0.01% |
752,828
+34,466
| +5% | +$769K |
|
|
PMT
1571
PennyMac Mortgage Investment
PMT
$775M
| $14.9M | 0.01% |
839,336
+27,700
| +3% | +$469K |
|
|
FRAN
1572
DELISTED
Francesca's Holdings Corporation
FRAN
| $14.8M | 0.01% |
80,579
+11,335
| +16% | +$2.35M |
|
1573
EXL Service
EXLS
$5.44B
| $14.8M | 0.01% |
1,563,660
+208,845
| +15% | +$1.96M |
|
|
FTD
1574
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $14.8M | 0.01% |
734,976
+107,643
| +17% | +$2.45M |
|
1575
Greif
GEF
$4.71B
| $14.8M | 0.01% |
268,474
-33,999
| -11% | -$1.89M |
|
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.