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 | |
|---|---|---|---|---|---|---|
|
CYBR
1576
DELISTED
CyberArk
CYBR
| $15.5M | 0.01% |
374,218
+60,371
| +19% | +$2.64M |
|
|
RESI
1577
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $15.5M | 0.01% |
1,305,421
-91,429
| -7% | -$1.01M |
|
1578
Kearny Financial
KRNY
$610M
| $15.5M | 0.01% |
1,071,320
-321,774
| -23% | -$4.78M |
|
|
AERI
1579
DELISTED
Aerie Pharmaceuticals
AERI
| $15.4M | 0.01% |
257,834
| – | – |
|
|
ARR
1580
Armour Residential REIT
ARR
$2.31B
| $15.3M | 0.01% |
119,080
| – | – |
|
1581
BOK Financial
BOKF
$8.74B
| $15.3M | 0.01% |
165,822
-34,467
| -17% | -$3.04M |
|
1582
MiMedx Group
MDXG
$622M
| $15.2M | 0.01% |
1,209,183
+303,550
| +34% | +$3.7M |
|
|
FOE
1583
DELISTED
Ferro Corporation
FOE
| $15.2M | 0.01% |
644,840
| – | – |
|
|
JE
1584
DELISTED
Just Energy Group Inc
JE
| $15.2M | 0.01% |
106,944
| – | – |
|
1585
KBR
KBR
$4.68B
| $15.1M | 0.01% |
763,922
| – | – |
|
|
MDP
1586
DELISTED
Meredith Corporation
MDP
| $15.1M | 0.01% |
229,247
+6,682
| +3% | +$403K |
|
1587
Omnicell
OMCL
$1.71B
| $15.1M | 0.01% |
311,903
-71,333
| -19% | -$3.6M |
|
1588
Dillards
DDS
$9.57B
| $15.1M | 0.01% |
251,295
| – | – |
|
1589
Nexstar Media Group
NXST
$5.88B
| $15.1M | 0.01% |
192,811
-133,050
| -41% | -$8.94M |
|
1590
Xencor
XNCR
$1.44B
| $15.1M | 0.01% |
687,280
-40,273
| -6% | -$873K |
|
|
STL
1591
DELISTED
Sterling Bancorp
STL
| $15M | 0.01% |
610,242
+23,827
| +4% | +$590K |
|
1592
Lumentum
LITE
$60.7B
| $15M | 0.01% |
306,330
-80,696
| -21% | -$4.5M |
|
1593
CVR Energy
CVI
$3.31B
| $15M | 0.01% |
402,088
| – | – |
|
|
CAVM
1594
DELISTED
Cavium, Inc.
CAVM
| $15M | 0.01% |
178,558
| – | – |
|
|
IPXL
1595
DELISTED
Impax Laboratories, Inc.
IPXL
| $14.9M | 0.01% |
897,517
+54,691
| +6% | +$1M |
|
|
GRP.U
1596
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $14.9M | 0.01% |
378,142
-3,300
| -0.9% | -$131K |
|
|
LTXB
1597
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $14.7M | 0.01% |
347,801
-25,175
| -7% | -$1.01M |
|
|
LPNT
1598
DELISTED
LifePoint Health, Inc.
LPNT
| $14.6M | 0.01% |
293,134
-196,287
| -40% | -$9.75M |
|
1599
BJ's Restaurants
BJRI
$1.44B
| $14.6M | 0.01% |
400,919
| – | – |
|
|
BID
1600
DELISTED
Sotheby's
BID
| $14.5M | 0.01% |
281,726
-25,972
| -8% | -$1.3M |
|
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.