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 | |
|---|---|---|---|---|---|---|
1601
Meritage Homes
MTH
$4.17B
| $13.8M | 0.01% |
747,888
-468,184
| -38% | -$8.38M |
|
|
PEGI
1602
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $13.7M | 0.01% |
682,904
-146,813
| -18% | -$2.93M |
|
|
HIBB
1603
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $13.7M | 0.01% |
466,013
+267,900
| +135% | +$8.41M |
|
|
RDUS
1604
DELISTED
Radius Health, Inc.
RDUS
| $13.7M | 0.01% |
355,474
| – | – |
|
|
SASR
1605
DELISTED
Sandy Spring Bancorp Inc
SASR
| $13.7M | 0.01% |
334,302
| – | – |
|
|
SNCR
1606
DELISTED
Synchronoss Technologies
SNCR
| $13.7M | 0.01% |
62,354
+27,625
| +80% | +$8.06M |
|
1607
Enviri
NVRI
$578M
| $13.7M | 0.01% |
1,072,789
+591,434
| +123% | +$7.9M |
|
1608
ESCO Technologies
ESE
$6.71B
| $13.7M | 0.01% |
235,318
-38,824
| -14% | -$2.18M |
|
1609
Federal Signal
FSS
$7.04B
| $13.7M | 0.01% |
988,664
+160,998
| +19% | +$2.43M |
|
1610
Atlanta Braves Holdings Series A
BATRA
$3.59B
| $13.6M | 0.01% |
569,036
| – | – |
|
1611
1st Source
SRCE
$2.07B
| $13.6M | 0.01% |
289,828
+40,137
| +16% | +$1.83M |
|
|
BKI
1612
DELISTED
Black Knight, Inc. Common Stock
BKI
| $13.6M | 0.01% |
354,236
| – | – |
|
|
JAG
1613
DELISTED
Jagged Peak Energy Inc.
JAG
| $13.4M | 0.01% |
+1,030,501
| New | +$13.8M |
|
1614
Capitol Federal Financial
CFFN
$1.09B
| $13.4M | 0.01% |
915,085
-453,592
| -33% | -$6.95M |
|
|
FARO
1615
DELISTED
Faro Technologies
FARO
| $13.3M | 0.01% |
373,319
+1,916
| +0.5% | +$69.8K |
|
|
PVG
1616
DELISTED
PRETIUM RESOURCES INC.
PVG
| $13.3M | 0.01% |
1,245,967
+530,514
| +74% | +$5.6M |
|
1617
Eagle Bancorp
EGBN
$861M
| $13.3M | 0.01% |
223,056
-15,322
| -6% | -$929K |
|
|
KCG
1618
DELISTED
KCG Holdings, Inc.
KCG
| $13.3M | 0.01% |
746,556
+127,420
| +21% | +$1.89M |
|
1619
Safety Insurance
SAFT
$1.52B
| $13.2M | 0.01% |
188,823
+1,000
| +0.5% | +$71.7K |
|
|
BID
1620
DELISTED
Sotheby's
BID
| $13.2M | 0.01% |
291,004
-430,133
| -60% | -$18.4M |
|
1621
Cimpress
CMPR
$1.98B
| $13.2M | 0.01% |
153,283
-199,052
| -56% | -$17.2M |
|
|
ITG
1622
DELISTED
Investment Technology Group Inc
ITG
| $13.2M | 0.01% |
651,817
+62,889
| +11% | +$1.27M |
|
1623
Halozyme
HALO
$12.3B
| $13.2M | 0.01% |
1,014,852
| – | – |
|
|
NGD
1624
DELISTED
New Gold Inc
NGD
| $13.1M | 0.01% |
4,401,226
+1,097,039
| +33% | +$3.55M |
|
|
RDUS
1625
DELISTED
Radius Recycling
RDUS
| $13.1M | 0.01% |
632,381
-90,780
| -13% | -$2.12M |
|
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.