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 | |
|---|---|---|---|---|---|---|
|
VRTU
1651
DELISTED
Virtusa Corporation
VRTU
| $12.5M | 0.01% |
413,817
+222,950
| +117% | +$6.42M |
|
|
RESI
1652
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $12.5M | 0.01% |
818,966
+201,803
| +33% | +$2.63M |
|
1653
TETRA Technologies
TTI
$962M
| $12.4M | 0.01% |
3,058,468
| – | – |
|
|
WRD
1654
DELISTED
WildHorse Resource Development
WRD
| $12.4M | 0.01% |
1,000,000
| – | – |
|
1655
Enpro
NPO
$6.16B
| $12.4M | 0.01% |
174,556
+28,189
| +19% | +$1.87M |
|
1656
Zillow
ZG
$7.36B
| $12.4M | 0.01% |
366,817
-58,979
| -14% | -$2.1M |
|
|
EGL
1657
DELISTED
Engility Holdings, Inc.
EGL
| $12.4M | 0.01% |
427,764
+161,397
| +61% | +$4.93M |
|
1658
CBIZ
CBZ
$2.96B
| $12.3M | 0.01% |
910,721
+182,200
| +25% | +$2.45M |
|
1659
National Presto Industries
NPK
$1.09B
| $12.3M | 0.01% |
120,442
+48,339
| +67% | +$4.99M |
|
|
WAIR
1660
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $12.3M | 0.01% |
1,079,431
+137,389
| +15% | +$1.81M |
|
|
SSRI
1661
DELISTED
Silver Standard Resources
SSRI
| $12.3M | 0.01% |
1,158,787
-239,505
| -17% | -$2.54M |
|
1662
Resources Connection
RGP
$139M
| $12.3M | 0.01% |
733,107
+75,394
| +11% | +$1.27M |
|
1663
Asbury Automotive
ABG
$3.62B
| $12.2M | 0.01% |
203,084
+188,703
| +1,312% | +$12.1M |
|
1664
Watts Water Technologies
WTS
$11.8B
| $12.2M | 0.01% |
195,602
-722
| -0.4% | -$45.9K |
|
1665
Tenaris
TS
$28.7B
| $12.2M | 0.01% |
357,005
| – | – |
|
1666
HUB Group
HUBG
$2.03B
| $12.2M | 0.01% |
525,016
-524,072
| -50% | -$12.4M |
|
|
ARII
1667
DELISTED
American Railcar Industries, Inc.
ARII
| $12.2M | 0.01% |
295,938
+98,036
| +50% | +$4.32M |
|
|
SWC
1668
DELISTED
Stillwater Mining Co
SWC
| $12.1M | 0.01% |
700,791
| – | – |
|
1669
Mine Safety
MSA
$6.96B
| $12M | ﹤0.01% |
169,785
-44,180
| -21% | -$3.09M |
|
1670
Monro
MNRO
$393M
| $12M | ﹤0.01% |
230,016
+25,078
| +12% | +$1.42M |
|
1671
City Holding Co
CHCO
$2.03B
| $11.9M | ﹤0.01% |
185,189
| – | – |
|
1672
Encore Capital Group
ECPG
$2.1B
| $11.9M | ﹤0.01% |
386,161
+83,834
| +28% | +$2.64M |
|
|
MDR
1673
DELISTED
McDermott International
MDR
| $11.9M | ﹤0.01% |
587,052
-51,275
| -8% | -$1.13M |
|
|
JBTM
1674
JBT Marel
JBTM
$5.84B
| $11.9M | ﹤0.01% |
135,016
-64,758
| -32% | -$5.61M |
|
1675
Community Bank
CBU
$3.31B
| $11.8M | ﹤0.01% |
215,529
-65,795
| -23% | -$3.84M |
|
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.