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 | |
|---|---|---|---|---|---|---|
1626
Pegasystems
PEGA
$5.16B
| $13.6M | ﹤0.01% |
576,158
+45,134
| +8% | +$1.21M |
|
|
EPZM
1627
DELISTED
Epizyme, Inc
EPZM
| $13.6M | ﹤0.01% |
1,081,002
-99,502
| -8% | -$1.45M |
|
|
CSII
1628
DELISTED
Cardiovascular Systems, Inc.
CSII
| $13.5M | ﹤0.01% |
571,620
| – | – |
|
|
KG
1629
Kestrel Group
KG
$66.7M
| $13.5M | ﹤0.01% |
102,428
| – | – |
|
1630
Virtus Investment Partners
VRTS
$1.13B
| $13.5M | ﹤0.01% |
117,473
| – | – |
|
|
BRKL
1631
DELISTED
Brookline Bancorp
BRKL
| $13.5M | ﹤0.01% |
857,819
| – | – |
|
|
SVU
1632
DELISTED
SUPERVALU Inc.
SVU
| $13.5M | ﹤0.01% |
623,347
-56,598
| -8% | -$1.03M |
|
|
BFS
1633
Saul Centers
BFS
$842M
| $13.5M | ﹤0.01% |
218,039
+49,219
| +29% | +$3.08M |
|
1634
Spire
SR
$4.73B
| $13.5M | ﹤0.01% |
178,982
| – | – |
|
1635
LiveRamp
RAMP
$2.3B
| $13.4M | ﹤0.01% |
487,742
| – | – |
|
1636
NN Inc
NNBR
$279M
| $13.4M | ﹤0.01% |
485,793
-64,601
| -12% | -$1.83M |
|
|
CMO
1637
DELISTED
Capstead Mortgage Corp.
CMO
| $13.4M | ﹤0.01% |
1,546,203
| – | – |
|
|
AUD
1638
DELISTED
Audacy, Inc.
AUD
| $13.4M | ﹤0.01% |
+1,237,561
| New | +$14.1M |
|
1639
Hyatt Hotels
H
$16.2B
| $13.4M | ﹤0.01% |
+181,639
| New | +$12.3M |
|
1640
Alarm.com
ALRM
$2.75B
| $13.3M | ﹤0.01% |
352,083
+151,336
| +75% | +$6.53M |
|
1641
Nabors Industries
NBR
$1.25B
| $13.1M | ﹤0.01% |
38,398
| – | – |
|
1642
Prothena Corp
PRTA
$436M
| $13M | ﹤0.01% |
348,016
| – | – |
|
|
SNBR
1643
DELISTED
Sleep Number
SNBR
| $13M | ﹤0.01% |
346,853
-518,288
| -60% | -$17.7M |
|
1644
Baytex Energy
BTE
$3.12B
| $13M | ﹤0.01% |
4,327,855
-584,271
| -12% | -$1.72M |
|
|
DMC
1645
Del Monte Corp
DMC
$1.43B
| $13M | ﹤0.01% |
272,749
-133,452
| -33% | -$6.29M |
|
|
CSR
1646
Centerspace
CSR
$932M
| $13M | ﹤0.01% |
228,809
+12,531
| +6% | +$745K |
|
|
HIFR
1647
DELISTED
InfraREIT, Inc.
HIFR
| $13M | ﹤0.01% |
698,062
| – | – |
|
1648
Interactive Brokers
IBKR
$39.1B
| $12.9M | ﹤0.01% |
874,580
+723,640
| +479% | +$9.86M |
|
1649
Brinker International
EAT
$9.66B
| $12.9M | ﹤0.01% |
333,136
-37,327
| -10% | -$1.29M |
|
|
MNDT
1650
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $12.8M | ﹤0.01% |
902,671
-679,941
| -43% | -$10.3M |
|
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.