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 | |
|---|---|---|---|---|---|---|
1676
Republic Bancorp
RBCAA
$1.97B
| $12.2M | ﹤0.01% |
319,759
+13,267
| +4% | +$533K |
|
|
TRK
1677
DELISTED
Speedway Motorsports, Inc.
TRK
| $12.1M | ﹤0.01% |
642,515
| – | – |
|
1678
Golar LNG
GLNG
$5B
| $12.1M | ﹤0.01% |
406,163
-84,721
| -17% | -$2.04M |
|
1679
WSFS Financial
WSFS
$4.2B
| $12.1M | ﹤0.01% |
252,568
+13,421
| +6% | +$662K |
|
1680
Coeur Mining
CDE
$16B
| $12.1M | ﹤0.01% |
1,607,058
| – | – |
|
|
IBTX
1681
DELISTED
Independent Bank Group, Inc.
IBTX
| $12M | ﹤0.01% |
176,987
+35,398
| +25% | +$2.29M |
|
|
EIGI
1682
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $11.9M | ﹤0.01% |
1,420,300
-109,352
| -7% | -$925K |
|
1683
Park National Corp
PRK
$3.76B
| $11.8M | ﹤0.01% |
113,855
+29,764
| +35% | +$3.23M |
|
1684
Washington Trust Bancorp
WASH
$756M
| $11.8M | ﹤0.01% |
220,827
+13,811
| +7% | +$766K |
|
1685
Ethan Allen Interiors
ETD
$594M
| $11.7M | ﹤0.01% |
410,254
-61,288
| -13% | -$1.8M |
|
1686
Cheesecake Factory
CAKE
$5.19B
| $11.7M | ﹤0.01% |
243,042
-25,691
| -10% | -$1.17M |
|
|
CTB
1687
DELISTED
Cooper Tire & Rubber Co.
CTB
| $11.7M | ﹤0.01% |
331,113
-52,631
| -14% | -$1.86M |
|
1688
CTS Corp
CTS
$1.87B
| $11.7M | ﹤0.01% |
454,146
+50,547
| +13% | +$1.33M |
|
1689
ATN International
ATNI
$375M
| $11.6M | ﹤0.01% |
209,588
+70,430
| +51% | +$3.85M |
|
1690
Capitol Federal Financial
CFFN
$1.13B
| $11.6M | ﹤0.01% |
863,100
+27,073
| +3% | +$380K |
|
1691
Sabre
SABR
$775M
| $11.6M | ﹤0.01% |
564,215
-227,889
| -29% | -$4.36M |
|
1692
Towne Bank
TOWN
$3.49B
| $11.6M | ﹤0.01% |
375,834
+29,850
| +9% | +$996K |
|
1693
Installed Building Products
IBP
$6.16B
| $11.5M | ﹤0.01% |
151,691
+66,471
| +78% | +$4.6M |
|
1694
Etsy
ETSY
$7.95B
| $11.5M | ﹤0.01% |
563,303
| – | – |
|
1695
Acadia Healthcare
ACHC
$2.84B
| $11.4M | ﹤0.01% |
348,711
+88,445
| +34% | +$3.06M |
|
1696
Liberty Latin America Class A
LILA
$1.69B
| $11.4M | ﹤0.01% |
881,646
-157,709
| -15% | -$2.23M |
|
|
NRE
1697
DELISTED
NorthStar Realty Europe Corp.
NRE
| $11.3M | ﹤0.01% |
844,665
| – | – |
|
1698
Upbound Group
UPBD
$1.18B
| $11.3M | ﹤0.01% |
1,021,634
| – | – |
|
|
LTRPA
1699
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $11.3M | ﹤0.01% |
1,202,022
-269,860
| -18% | -$2.77M |
|
|
AVP
1700
DELISTED
Avon Products, Inc.
AVP
| $11.3M | ﹤0.01% |
5,261,443
-1,025,641
| -16% | -$2.2M |
|
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.