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 | |
|---|---|---|---|---|---|---|
|
ONCE
1776
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $8.97M | ﹤0.01% |
174,401
| – | – |
|
1777
AngioDynamics
ANGO
$629M
| $8.96M | ﹤0.01% |
538,852
-26,244
| -5% | -$448K |
|
1778
OR Royalties Inc
OR
$5.61B
| $8.95M | ﹤0.01% |
772,382
+473,131
| +158% | +$5.74M |
|
1779
Simmons First National
SFNC
$3.43B
| $8.95M | ﹤0.01% |
313,368
-20,492
| -6% | -$588K |
|
|
NPKI
1780
NPK International
NPKI
$1.1B
| $8.94M | ﹤0.01% |
1,039,861
+140,551
| +16% | +$1.27M |
|
1781
Hilton Grand Vacations
HGV
$3.65B
| $8.91M | ﹤0.01% |
212,396
| – | – |
|
|
ANH
1782
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $8.91M | ﹤0.01% |
1,637,714
+372,540
| +29% | +$2.13M |
|
|
SLCA
1783
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $8.86M | ﹤0.01% |
272,092
| – | – |
|
1784
Beazer Homes USA
BZH
$903M
| $8.79M | ﹤0.01% |
457,707
+177,411
| +63% | +$3.56M |
|
1785
NovaGold Resources
NG
$2.54B
| $8.78M | ﹤0.01% |
2,228,795
-681,131
| -23% | -$2.71M |
|
|
TPC
1786
Tutor Perini Cor
TPC
$4.53B
| $8.68M | ﹤0.01% |
342,560
-69,755
| -17% | -$1.86M |
|
1787
LendingTree
TREE
$451M
| $8.61M | ﹤0.01% |
25,286
+18,680
| +283% | +$5.31M |
|
1788
Quad
QUAD
$544M
| $8.52M | ﹤0.01% |
376,767
+14,221
| +4% | +$322K |
|
1789
Weis Markets
WMK
$1.94B
| $8.45M | ﹤0.01% |
204,089
+103,378
| +103% | +$4.17M |
|
1790
Cleveland-Cliffs
CLF
$6.41B
| $8.3M | ﹤0.01% |
1,151,173
| – | – |
|
1791
Pricesmart
PSMT
$6.07B
| $8.27M | ﹤0.01% |
96,012
| – | – |
|
1792
Gray Television
GTN
$430M
| $8.25M | ﹤0.01% |
492,382
-275,370
| -36% | -$4.3M |
|
|
BKS
1793
DELISTED
Barnes & Noble
BKS
| $8.23M | ﹤0.01% |
1,227,976
-750,356
| -38% | -$5.31M |
|
|
CBB
1794
DELISTED
Cincinnati Bell Inc.
CBB
| $8.17M | ﹤0.01% |
391,866
+316,170
| +418% | +$6.43M |
|
|
JKS
1795
JinkoSolar
JKS
$850M
| $8.07M | ﹤0.01% |
+335,430
| New | +$8.44M |
|
1796
Stride
LRN
$3.46B
| $8.01M | ﹤0.01% |
503,527
-1,000
| -0.2% | -$16.6K |
|
1797
Independent Bank
INDB
$4.03B
| $8M | ﹤0.01% |
114,510
+14,940
| +15% | +$1.07M |
|
1798
Tenet Healthcare
THC
$20.4B
| $7.98M | ﹤0.01% |
526,583
+250,000
| +90% | +$3.52M |
|
1799
Stoneridge
SRI
$204M
| $7.98M | ﹤0.01% |
349,073
| – | – |
|
1800
Innoviva
INVA
$1.53B
| $7.98M | ﹤0.01% |
562,150
| – | – |
|
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.