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 | |
|---|---|---|---|---|---|---|
1826
PRA Group
PRAA
$663M
| $6.75M | ﹤0.01% |
203,371
-6,513
| -3% | -$207K |
|
|
SAFE
1827
Safehold
SAFE
$1.16B
| $6.74M | ﹤0.01% |
122,515
-96,634
| -44% | -$5.45M |
|
|
PRO
1828
DELISTED
PROS Holdings
PRO
| $6.73M | ﹤0.01% |
254,519
-90,769
| -26% | -$2.28M |
|
1829
The RMR Group
RMR
$325M
| $6.73M | ﹤0.01% |
113,496
+57,190
| +102% | +$3.22M |
|
1830
Boston Beer
SAM
$1.91B
| $6.71M | ﹤0.01% |
35,103
+26,243
| +296% | +$4.69M |
|
1831
Papa John's
PZZA
$984M
| $6.59M | ﹤0.01% |
117,501
| – | – |
|
|
LKFT
1832
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.78B
| $6.56M | ﹤0.01% |
70,000
| – | – |
|
|
TPCO
1833
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $6.54M | ﹤0.01% |
371,725
| – | – |
|
|
SWIR
1834
DELISTED
Sierra Wireless
SWIR
| $6.45M | ﹤0.01% |
315,553
| – | – |
|
|
SUP
1835
DELISTED
Superior Industries International
SUP
| $6.44M | ﹤0.01% |
433,341
-69,291
| -14% | -$1.11M |
|
1836
Floor & Decor
FND
$6.13B
| $6.4M | ﹤0.01% |
+131,550
| New | +$5.32M |
|
|
SGI
1837
Somnigroup International
SGI
$13.7B
| $6.38M | ﹤0.01% |
+407,124
| New | +$6.21M |
|
|
TPIC
1838
DELISTED
TPI Composites
TPIC
| $6.36M | ﹤0.01% |
310,612
+190,612
| +159% | +$3.99M |
|
|
NOAH
1839
Noah Holdings
NOAH
$580M
| $6.35M | ﹤0.01% |
+137,301
| New | +$5.65M |
|
|
SEMG
1840
DELISTED
SEMGROUP CORPORATION
SEMG
| $6.31M | ﹤0.01% |
208,807
-199,331
| -49% | -$5.25M |
|
|
VSTO
1841
DELISTED
Vista Outdoor Inc.
VSTO
| $6.3M | ﹤0.01% |
432,419
+55,728
| +15% | +$973K |
|
1842
Atara Biotherapeutics
ATRA
$75.5M
| $6.29M | ﹤0.01% |
13,898
-2,068
| -13% | -$764K |
|
1843
Tredegar Corp
TG
$265M
| $6.29M | ﹤0.01% |
327,356
+41,162
| +14% | +$789K |
|
|
MB
1844
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $6.17M | ﹤0.01% |
202,796
-145,252
| -42% | -$4.47M |
|
1845
TherapeuticsMD
TXMD
$23.5M
| $6.17M | ﹤0.01% |
20,438
| – | – |
|
1846
Columbus McKinnon
CMCO
$553M
| $6.16M | ﹤0.01% |
153,960
+7,672
| +5% | +$294K |
|
|
SRCI
1847
DELISTED
SRC Energy Inc
SRCI
| $6.09M | ﹤0.01% |
714,439
+604,456
| +550% | +$5.33M |
|
|
CZR
1848
DELISTED
Caesars Entertainment Corporation
CZR
| $5.91M | ﹤0.01% |
466,821
+422,199
| +946% | +$5.36M |
|
|
MAGN
1849
Magnera Corp
MAGN
$472M
| $5.88M | ﹤0.01% |
21,116
+2,931
| +16% | +$762K |
|
|
BZUN
1850
Baozun
BZUN
$167M
| $5.86M | ﹤0.01% |
185,736
+132,189
| +247% | +$4.27M |
|
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.