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 | |
|---|---|---|---|---|---|---|
|
WIRE
1601
DELISTED
Encore Wire Corp
WIRE
| $14.5M | 0.01% |
297,702
+171,661
| +136% | +$7.93M |
|
1602
Caesarstone
CSTE
$75.4M
| $14.4M | 0.01% |
656,454
-251,772
| -28% | -$6.46M |
|
|
CALD
1603
DELISTED
Callidus Software, Inc.
CALD
| $14.4M | 0.01% |
504,063
+244,482
| +94% | +$6.67M |
|
|
ITG
1604
DELISTED
Investment Technology Group Inc
ITG
| $14.4M | 0.01% |
748,858
+65,219
| +10% | +$1.32M |
|
1605
Quanex
NX
$883M
| $14.4M | 0.01% |
615,487
-36,394
| -6% | -$806K |
|
|
BPFH
1606
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $14.4M | 0.01% |
931,489
-68,435
| -7% | -$1.09M |
|
1607
First Financial Corp
THFF
$982M
| $14.3M | 0.01% |
315,539
| – | – |
|
1608
Standex International
SXI
$3.78B
| $14.3M | 0.01% |
140,260
-51,615
| -27% | -$5.32M |
|
|
VCRA
1609
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $14.3M | 0.01% |
472,521
-33,102
| -7% | -$944K |
|
|
SEM
1610
DELISTED
Select Medical
SEM
| $14.2M | 0.01% |
1,496,729
-215,028
| -13% | -$2.05M |
|
|
CATM
1611
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $14.2M | 0.01% |
766,526
-129,822
| -14% | -$2.6M |
|
|
MDCO
1612
DELISTED
Medicines Co
MDCO
| $14.1M | 0.01% |
515,477
| – | – |
|
1613
BancFirst
BANF
$3.83B
| $14.1M | 0.01% |
275,370
| – | – |
|
|
BRFS
1614
DELISTED
BRF SA
BRFS
| $14M | 0.01% |
1,243,370
-407,056
| -25% | -$5.2M |
|
|
EGL
1615
DELISTED
Engility Holdings, Inc.
EGL
| $14M | 0.01% |
492,574
+166,490
| +51% | +$5.07M |
|
1616
Under Armour Class C
UA
$2.83B
| $14M | 0.01% |
1,048,849
-561,338
| -35% | -$7.35M |
|
1617
Global Net Lease
GNL
$1.83B
| $14M | 0.01% |
678,612
+449,294
| +196% | +$9.67M |
|
|
DEL
1618
DELISTED
Deltic Timber
DEL
| $13.9M | 0.01% |
152,177
+15,559
| +11% | +$1.42M |
|
|
LKSD
1619
DELISTED
LSC Communications, Inc.
LKSD
| $13.9M | 0.01% |
916,428
| – | – |
|
1620
Apogee Enterprises
APOG
$876M
| $13.8M | 0.01% |
302,393
+196,263
| +185% | +$9.36M |
|
|
CIR
1621
DELISTED
CIRCOR International, Inc
CIR
| $13.8M | ﹤0.01% |
282,741
-18,921
| -6% | -$925K |
|
1622
Monro
MNRO
$399M
| $13.7M | ﹤0.01% |
241,267
+66,283
| +38% | +$3.45M |
|
1623
St. Joe Company
JOE
$3.64B
| $13.7M | ﹤0.01% |
758,675
-92,810
| -11% | -$1.72M |
|
1624
Ollie's Bargain Outlet
OLLI
$4.51B
| $13.7M | ﹤0.01% |
256,747
+52,029
| +25% | +$2.45M |
|
1625
Clearwater Paper
CLW
$359M
| $13.7M | ﹤0.01% |
300,807
| – | – |
|
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.