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 | |
|---|---|---|---|---|---|---|
1701
Emergent Biosolutions
EBS
$326M
| $10.9M | ﹤0.01% |
376,506
| – | – |
|
|
GLOG
1702
DELISTED
GASLOG LTD
GLOG
| $10.9M | ﹤0.01% |
711,489
+711,487
| +35,574,350% | +$11.4M |
|
|
AIRM
1703
DELISTED
Air Methods Corp
AIRM
| $10.9M | ﹤0.01% |
253,501
+226,500
| +839% | +$8.76M |
|
|
FLOW
1704
DELISTED
SPX FLOW, Inc.
FLOW
| $10.9M | ﹤0.01% |
313,952
-58,663
| -16% | -$2M |
|
1705
Weis Markets
WMK
$1.78B
| $10.9M | ﹤0.01% |
182,402
-27,055
| -13% | -$1.66M |
|
1706
Zurn Elkay Water Solutions
ZWS
$7.66B
| $10.8M | ﹤0.01% |
973,048
-1,084,312
| -53% | -$11.7M |
|
|
SAVE
1707
DELISTED
Spirit Airlines, Inc.
SAVE
| $10.8M | ﹤0.01% |
203,374
-43,521
| -18% | -$2.33M |
|
1708
Movado Group
MOV
$733M
| $10.8M | ﹤0.01% |
432,223
+320,605
| +287% | +$8.12M |
|
1709
Biglari Holdings Class B
BH
$1.1B
| $10.8M | ﹤0.01% |
37,398
| – | – |
|
|
HMHC
1710
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $10.8M | ﹤0.01% |
1,059,546
-224,361
| -17% | -$2.35M |
|
|
PEI
1711
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $10.7M | ﹤0.01% |
47,092
| – | – |
|
1712
St. Joe Company
JOE
$3.66B
| $10.7M | ﹤0.01% |
626,426
| – | – |
|
|
ONCE
1713
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $10.7M | ﹤0.01% |
199,719
+34,759
| +21% | +$2.06M |
|
1714
Omnicell
OMCL
$1.49B
| $10.6M | ﹤0.01% |
261,174
-60,739
| -19% | -$2.24M |
|
|
EPZM
1715
DELISTED
Epizyme, Inc
EPZM
| $10.6M | ﹤0.01% |
618,591
+125,960
| +26% | +$1.68M |
|
|
MDC
1716
DELISTED
M.D.C. Holdings, Inc.
MDC
| $10.6M | ﹤0.01% |
444,316
+214,112
| +93% | +$4.83M |
|
|
PKY
1717
DELISTED
Parkway, Inc.
PKY
| $10.6M | ﹤0.01% |
532,194
+83,556
| +19% | +$1.75M |
|
1718
Forestar Group
FOR
$1.37B
| $10.5M | ﹤0.01% |
770,748
+188,792
| +32% | +$2.47M |
|
|
KERX
1719
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $10.5M | ﹤0.01% |
1,701,935
| – | – |
|
|
BFS
1720
Saul Centers
BFS
$759M
| $10.5M | ﹤0.01% |
169,811
+16,053
| +10% | +$1.02M |
|
|
KRA
1721
DELISTED
Kraton Corporation
KRA
| $10.5M | ﹤0.01% |
338,414
+82,478
| +32% | +$2.3M |
|
|
SNR
1722
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $10.5M | ﹤0.01% |
1,025,582
+93,154
| +10% | +$946K |
|
1723
Buckle
BKE
$2.04B
| $10.5M | ﹤0.01% |
562,161
+26,714
| +5% | +$538K |
|
1724
Caesarstone
CSTE
$104M
| $10.5M | ﹤0.01% |
288,444
+41,436
| +17% | +$1.33M |
|
1725
Qualys
QLYS
$6.41B
| $10.4M | ﹤0.01% |
275,676
| – | – |
|
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.