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 | |
|---|---|---|---|---|---|---|
|
UHT
1726
Universal Health Realty Income Trust
UHT
$566M
| $10.4M | ﹤0.01% |
161,869
+29,312
| +22% | +$1.85M |
|
1727
Shenandoah Telecom
SHEN
$644M
| $10.4M | ﹤0.01% |
372,202
-129,512
| -26% | -$3.58M |
|
1728
Deckers Outdoor
DECK
$10.6B
| $10.4M | ﹤0.01% |
1,048,098
-911,784
| -47% | -$8.41M |
|
|
ACOR
1729
DELISTED
Acorda Therapeutics
ACOR
| $10.4M | ﹤0.01% |
4,123
+520
| +14% | +$1.5M |
|
1730
REX American Resources
REX
$1.41B
| $10.4M | ﹤0.01% |
688,524
+624,936
| +983% | +$8.87M |
|
|
INSY
1731
DELISTED
Insys Therapeutics, Inc.
INSY
| $10.4M | ﹤0.01% |
985,712
+615,313
| +166% | +$6.56M |
|
|
IPXL
1732
DELISTED
Impax Laboratories, Inc.
IPXL
| $10.4M | ﹤0.01% |
818,914
-439,122
| -35% | -$5.3M |
|
1733
TherapeuticsMD
TXMD
$25M
| $10.3M | ﹤0.01% |
28,634
| – | – |
|
1734
Pricesmart
PSMT
$5.18B
| $10.2M | ﹤0.01% |
110,823
-47,736
| -30% | -$4.19M |
|
|
HT
1735
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $10.2M | ﹤0.01% |
542,311
+175,748
| +48% | +$3.52M |
|
1736
BancFirst
BANF
$3.73B
| $10.1M | ﹤0.01% |
225,768
+3,732
| +2% | +$174K |
|
1737
Innoviva
INVA
$1.51B
| $10.1M | ﹤0.01% |
733,503
-232,260
| -24% | -$2.73M |
|
1738
AMN Healthcare
AMN
$1.32B
| $10M | ﹤0.01% |
247,153
+10,761
| +5% | +$421K |
|
1739
Winnebago Industries
WGO
$772M
| $10M | ﹤0.01% |
342,458
-53,781
| -14% | -$1.72M |
|
|
TSG
1740
DELISTED
The Stars Group Inc.
TSG
| $9.99M | ﹤0.01% |
590,415
-632,552
| -52% | -$9.28M |
|
|
ECOL
1741
DELISTED
US Ecology, Inc.
ECOL
| $9.98M | ﹤0.01% |
213,073
+83,793
| +65% | +$4.19M |
|
1742
Sabre
SABR
$843M
| $9.98M | ﹤0.01% |
470,810
-577,604
| -55% | -$13.2M |
|
|
NXTM
1743
DELISTED
NxStage Medical Inc.
NXTM
| $9.94M | ﹤0.01% |
370,468
-81,290
| -18% | -$2.25M |
|
|
HIFR
1744
DELISTED
InfraREIT, Inc.
HIFR
| $9.91M | ﹤0.01% |
550,685
+224,726
| +69% | +$3.85M |
|
|
KYNB
1745
Kyntra Bio
KYNB
$31.5M
| $9.77M | ﹤0.01% |
15,851
| – | – |
|
1746
CorVel
CRVL
$3.62B
| $9.73M | ﹤0.01% |
670,776
+263,427
| +65% | +$3.47M |
|
1747
Aaon
AAON
$6.13B
| $9.67M | ﹤0.01% |
410,339
-111,330
| -21% | -$2.55M |
|
|
WIRE
1748
DELISTED
Encore Wire Corp
WIRE
| $9.67M | ﹤0.01% |
210,129
-95,925
| -31% | -$4.29M |
|
|
EGRX
1749
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $9.59M | ﹤0.01% |
115,614
+44,606
| +63% | +$3.32M |
|
|
GOOS
1750
Canada Goose Holdings
GOOS
$724M
| $9.58M | ﹤0.01% |
+600,000
| New | +$9.76M |
|
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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.