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 | |
|---|---|---|---|---|---|---|
1676
Independent Bank
INDB
$3.96B
| $11.8M | ﹤0.01% |
181,308
+22,935
| +14% | +$1.48M |
|
1677
United Parks & Resorts
PRKS
$1.63B
| $11.7M | ﹤0.01% |
642,462
+481,440
| +299% | +$8.95M |
|
1678
CONMED
CNMD
$1.41B
| $11.7M | ﹤0.01% |
263,510
+54,409
| +26% | +$2.34M |
|
1679
Acadia Healthcare
ACHC
$2.55B
| $11.7M | ﹤0.01% |
267,430
+13,360
| +5% | +$542K |
|
1680
Petrobras Class A
PBR.A
$126B
| $11.6M | ﹤0.01% |
1,258,403
| – | – |
|
|
LTRPA
1681
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $11.6M | ﹤0.01% |
821,477
-69,625
| -8% | -$1.09M |
|
|
BGC
1682
DELISTED
General Cable Corporation
BGC
| $11.6M | ﹤0.01% |
645,081
+107,035
| +20% | +$1.92M |
|
1683
Upbound Group
UPBD
$1.03B
| $11.5M | ﹤0.01% |
1,301,824
-131,660
| -9% | -$1.2M |
|
|
REVG
1684
DELISTED
REV Group
REVG
| $11.5M | ﹤0.01% |
+418,007
| New | +$11.3M |
|
|
SFBS
1685
ServisFirst Bancshares
SFBS
$4.63B
| $11.5M | ﹤0.01% |
632,914
+506,372
| +400% | +$9.94M |
|
1686
Community Health Systems
CYH
$419M
| $11.5M | ﹤0.01% |
1,293,344
+297,366
| +30% | +$2.32M |
|
1687
First Majestic Silver
AG
$9.19B
| $11.5M | ﹤0.01% |
1,416,974
+401,877
| +40% | +$3.58M |
|
|
DCOM
1688
DELISTED
Dime Community Bancshares
DCOM
| $11.4M | ﹤0.01% |
563,577
+149,017
| +36% | +$3.1M |
|
1689
Adecoagro
AGRO
$1.67B
| $11.4M | ﹤0.01% |
995,259
+465,071
| +88% | +$5.46M |
|
|
TRVG
1690
trivago
TRVG
$412M
| $11.4M | ﹤0.01% |
175,000
-175,000
| -50% | -$10.6M |
|
|
FFG
1691
DELISTED
FBL Financial Group
FFG
| $11.4M | ﹤0.01% |
173,920
-41,200
| -19% | -$2.86M |
|
1692
Forward Air
FWRD
$554M
| $11.4M | ﹤0.01% |
238,789
-14,554
| -6% | -$706K |
|
1693
Usana Health Sciences
USNA
$275M
| $11.3M | ﹤0.01% |
196,768
+84,764
| +76% | +$5.06M |
|
|
HW
1694
DELISTED
Headwaters Inc
HW
| $11.3M | ﹤0.01% |
482,635
-89,157
| -16% | -$2.08M |
|
1695
Forrester Research
FORR
$225M
| $11.2M | ﹤0.01% |
282,553
+26,500
| +10% | +$1.04M |
|
|
VSI
1696
DELISTED
Vitamin Shoppe Inc.
VSI
| $11.2M | ﹤0.01% |
556,419
+285,105
| +105% | +$6.08M |
|
1697
Pegasystems
PEGA
$6.19B
| $11.2M | ﹤0.01% |
510,734
-33,590
| -6% | -$681K |
|
1698
Park National Corp
PRK
$3.37B
| $11.1M | ﹤0.01% |
105,621
-37,098
| -26% | -$4.06M |
|
1699
CVR Energy
CVI
$5.24B
| $11M | ﹤0.01% |
547,624
+89,154
| +19% | +$1.96M |
|
1700
TTEC Holdings
TTEC
$62.6M
| $11M | ﹤0.01% |
370,757
| – | – |
|
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.