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 | |
|---|---|---|---|---|---|---|
|
DNR
1551
DELISTED
Denbury Resources, Inc.
DNR
| $16.7M | 0.01% |
7,538,888
| – | – |
|
1552
Insight Enterprises
NSIT
$3.98B
| $16.5M | 0.01% |
431,461
+35,819
| +9% | +$1.46M |
|
|
ALEX
1553
DELISTED
Alexander & Baldwin
ALEX
| $16.5M | 0.01% |
595,077
| – | – |
|
1554
Marriott Vacations Worldwide
VAC
$3.35B
| $16.4M | 0.01% |
121,638
-26,385
| -18% | -$3.48M |
|
1555
Pacira BioSciences
PCRX
$1.06B
| $16.4M | 0.01% |
360,068
| – | – |
|
1556
1st Source
SRCE
$2.18B
| $16.4M | 0.01% |
332,391
| – | – |
|
|
FARO
1557
DELISTED
Faro Technologies
FARO
| $16.4M | 0.01% |
349,710
+30,961
| +10% | +$1.45M |
|
1558
FormFactor
FORM
$8.48B
| $16.4M | 0.01% |
1,046,512
-203,488
| -16% | -$3.41M |
|
1559
Flowserve
FLS
$9.78B
| $16.3M | 0.01% |
387,077
-60,966
| -14% | -$2.55M |
|
1560
Walker & Dunlop
WD
$1.79B
| $16.3M | 0.01% |
343,064
+218,957
| +176% | +$11.2M |
|
1561
AZZ Inc
AZZ
$4.48B
| $16.1M | 0.01% |
315,860
-46,889
| -13% | -$2.22M |
|
1562
Helios Technologies
HLIO
$2.65B
| $16M | 0.01% |
247,605
| – | – |
|
1563
Modine Manufacturing
MOD
$10.4B
| $15.9M | 0.01% |
789,598
+682,926
| +640% | +$14.7M |
|
|
HOLI
1564
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $15.9M | 0.01% |
714,765
-105,632
| -13% | -$2.44M |
|
|
VIVO
1565
DELISTED
Meridian Bioscience Inc
VIVO
| $15.9M | 0.01% |
1,136,022
| – | – |
|
|
ALX
1566
Alexander's
ALX
$1.34B
| $15.9M | 0.01% |
40,173
+2,314
| +6% | +$955K |
|
1567
Energizer
ENR
$1.45B
| $15.9M | 0.01% |
330,744
-93,952
| -22% | -$4.32M |
|
|
WPG
1568
DELISTED
Washington Prime Group Inc.
WPG
| $15.9M | 0.01% |
247,415
| – | – |
|
1569
Werner Enterprises
WERN
$2.23B
| $15.8M | 0.01% |
408,063
+120,489
| +42% | +$4.38M |
|
1570
Dave & Buster's
PLAY
$403M
| $15.7M | 0.01% |
285,351
-83,229
| -23% | -$4.24M |
|
1571
Hyster-Yale Materials Handling
HY
$628M
| $15.6M | 0.01% |
183,420
-43,270
| -19% | -$3.56M |
|
1572
Axcelis
ACLS
$4.03B
| $15.6M | 0.01% |
543,807
-58,109
| -10% | -$1.83M |
|
1573
Gran Tierra Energy
GTE
$246M
| $15.6M | 0.01% |
574,647
+104,436
| +22% | +$2.33M |
|
1574
SiteOne Landscape Supply
SITE
$4.33B
| $15.5M | 0.01% |
202,684
+66,594
| +49% | +$4.51M |
|
|
WBT
1575
DELISTED
Welbilt, Inc.
WBT
| $15.5M | 0.01% |
659,200
+61,732
| +10% | +$1.36M |
|
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.