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 | |
|---|---|---|---|---|---|---|
1751
RBC Bearings
RBC
$18B
| $9.67M | ﹤0.01% |
76,501
+365
| +0.5% | +$45.8K |
|
1752
Myers Industries
MYE
$1.3B
| $9.64M | ﹤0.01% |
494,466
+60,322
| +14% | +$1.26M |
|
1753
American States Water
AWR
$3.37B
| $9.62M | ﹤0.01% |
166,084
+31,069
| +23% | +$1.7M |
|
1754
Tronox
TROX
$938M
| $9.61M | ﹤0.01% |
468,284
+108,991
| +30% | +$2.66M |
|
|
KERX
1755
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $9.54M | ﹤0.01% |
2,051,899
| – | – |
|
1756
Carpenter Technology
CRS
$26.5B
| $9.54M | ﹤0.01% |
187,091
| – | – |
|
|
INSY
1757
DELISTED
Insys Therapeutics, Inc.
INSY
| $9.48M | ﹤0.01% |
985,712
| – | – |
|
|
PRTK
1758
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $9.43M | ﹤0.01% |
526,977
| – | – |
|
|
UBA
1759
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $9.42M | ﹤0.01% |
433,130
+94,596
| +28% | +$2.12M |
|
|
GPMT
1760
Granite Point Mortgage Trust
GPMT
$69.5M
| $9.4M | ﹤0.01% |
529,912
+329,912
| +165% | +$6M |
|
|
JOBS
1761
DELISTED
51job Inc
JOBS
| $9.39M | ﹤0.01% |
+154,251
| New | +$9.43M |
|
|
ECOL
1762
DELISTED
US Ecology, Inc.
ECOL
| $9.38M | ﹤0.01% |
183,951
+8,081
| +5% | +$407K |
|
|
KRA
1763
DELISTED
Kraton Corporation
KRA
| $9.28M | ﹤0.01% |
192,681
+52,394
| +37% | +$2.43M |
|
|
PDS
1764
Precision Drilling
PDS
$996M
| $9.24M | ﹤0.01% |
151,964
+50,412
| +50% | +$2.76M |
|
1765
Tenaris
TS
$28.6B
| $9.24M | ﹤0.01% |
290,093
-66,912
| -19% | -$1.94M |
|
1766
Biglari Holdings Class B
BH
$1.25B
| $9.22M | ﹤0.01% |
33,387
+4,624
| +16% | +$1.11M |
|
1767
Red Rock Resorts
RRR
$3.81B
| $9.2M | ﹤0.01% |
272,738
-173,568
| -39% | -$4.84M |
|
1768
REX American Resources
REX
$1.41B
| $9.19M | ﹤0.01% |
666,222
-22,302
| -3% | -$327K |
|
1769
City Holding Co
CHCO
$2.06B
| $9.16M | ﹤0.01% |
135,728
-32,082
| -19% | -$2.24M |
|
|
ESND
1770
DELISTED
Essendant Inc.
ESND
| $9.15M | ﹤0.01% |
986,826
| – | – |
|
|
QCP
1771
DELISTED
Quality Care Properties, Inc.
QCP
| $9.07M | ﹤0.01% |
656,761
| – | – |
|
1772
NBT Bancorp
NBTB
$2.74B
| $9.06M | ﹤0.01% |
246,176
-25,983
| -10% | -$980K |
|
|
PHH
1773
DELISTED
PHH Corporation
PHH
| $9.04M | ﹤0.01% |
877,500
-556,275
| -39% | -$6.76M |
|
1774
Planet Fitness
PLNT
$4.48B
| $9M | ﹤0.01% |
259,895
+32,307
| +14% | +$956K |
|
1775
Granite Construction
GVA
$5.49B
| $8.98M | ﹤0.01% |
141,653
+48,161
| +52% | +$3.01M |
|
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.