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 | |
|---|---|---|---|---|---|---|
|
HOS
1576
Hornbeck Offshore Services, Inc.
HOS
$2.85B
| $14.8M | 0.01% |
1,902,217
+876,473
| +85% | +$7.05M |
|
|
CAA
1577
DELISTED
CalAtlantic Group, Inc.
CAA
| $14.7M | 0.01% |
393,738
-327,663
| -45% | -$11.6M |
|
|
ALX
1578
Alexander's
ALX
$1.27B
| $14.7M | 0.01% |
34,037
+4,685
| +16% | +$2M |
|
1579
Puma Biotechnology
PBYI
$476M
| $14.6M | 0.01% |
392,879
+142,281
| +57% | +$5.19M |
|
1580
Coeur Mining
CDE
$20.1B
| $14.6M | 0.01% |
1,807,816
+396,250
| +28% | +$3.78M |
|
|
LCI
1581
DELISTED
Lannett Company, Inc.
LCI
| $14.5M | 0.01% |
162,655
+57,271
| +54% | +$4.89M |
|
|
CMO
1582
DELISTED
Capstead Mortgage Corp.
CMO
| $14.5M | 0.01% |
1,372,927
+297,219
| +28% | +$3.14M |
|
|
LMNX
1583
DELISTED
Luminex Corp
LMNX
| $14.4M | 0.01% |
785,786
+249,903
| +47% | +$4.76M |
|
1584
OraSure Technologies
OSUR
$241M
| $14.4M | 0.01% |
1,114,620
| – | – |
|
1585
Atlassian
TEAM
$48B
| $14.4M | 0.01% |
480,084
+57,486
| +14% | +$1.62M |
|
|
FINL
1586
DELISTED
Finish Line
FINL
| $14.4M | 0.01% |
1,008,524
+76,039
| +8% | +$1.28M |
|
|
WDR
1587
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $14.3M | 0.01% |
843,352
+50,025
| +6% | +$916K |
|
1588
Materion
MTRN
$5.17B
| $14.3M | 0.01% |
427,115
+18,866
| +5% | +$693K |
|
1589
Repligen
RGEN
$9.87B
| $14.3M | 0.01% |
406,667
+130,000
| +47% | +$4.12M |
|
1590
Armstrong World Industries
AWI
$6.77B
| $14.3M | 0.01% |
310,666
+120,458
| +63% | +$5.1M |
|
1591
Franklin Electric
FELE
$4.3B
| $14.3M | 0.01% |
331,970
+90,496
| +37% | +$3.7M |
|
|
DDC
1592
DELISTED
Dominion Diamond Corporation
DDC
| $14.2M | 0.01% |
1,128,567
+109,800
| +11% | +$1.11M |
|
|
RSPP
1593
DELISTED
RSP Permian, Inc.
RSPP
| $14.2M | 0.01% |
343,418
-175,725
| -34% | -$7.3M |
|
|
AMAG
1594
DELISTED
AMAG Pharmaceuticals
AMAG
| $14M | 0.01% |
622,066
+49,827
| +9% | +$1.19M |
|
|
EE
1595
DELISTED
El Paso Electric Company
EE
| $14M | 0.01% |
277,553
-103,356
| -27% | -$4.9M |
|
|
CRC
1596
DELISTED
California Resources Corporation
CRC
| $14M | 0.01% |
931,472
+817,167
| +715% | +$15M |
|
|
AXON
1597
Axon Enterprise
AXON
$37.9B
| $13.9M | 0.01% |
609,740
+364,649
| +149% | +$8.95M |
|
|
FCH
1598
DELISTED
Felcor Lodging Trust
FCH
| $13.8M | 0.01% |
1,843,967
+301,611
| +20% | +$2.29M |
|
|
SUM
1599
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $13.8M | 0.01% |
+577,517
| New | +$13.6M |
|
1600
Kelly Services Class A
KELYA
$568M
| $13.8M | 0.01% |
630,759
| – | – |
|
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.