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 | |
|---|---|---|---|---|---|---|
|
CDR
1876
DELISTED
Cedar Realty Trust, Inc
CDR
| $5.2M | ﹤0.01% |
156,954
| – | – |
|
|
RATE
1877
DELISTED
Bankrate Inc
RATE
| $5.14M | ﹤0.01% |
532,412
+80,700
| +18% | +$873K |
|
1878
Canadian Solar
CSIQ
$831M
| $5.08M | ﹤0.01% |
+413,682
| New | +$5.36M |
|
|
AYR
1879
DELISTED
Aircastle Ltd
AYR
| $5.02M | ﹤0.01% |
207,918
-274,136
| -57% | -$6.35M |
|
1880
Stock Yards Bancorp
SYBT
$2.52B
| $4.96M | ﹤0.01% |
122,017
| – | – |
|
|
OME
1881
DELISTED
Omega Protein
OME
| $4.95M | ﹤0.01% |
246,895
+100,172
| +68% | +$2.33M |
|
1882
Myers Industries
MYE
$1.12B
| $4.92M | ﹤0.01% |
310,067
-20,439
| -6% | -$290K |
|
1883
Virtus Investment Partners
VRTS
$913M
| $4.89M | ﹤0.01% |
46,176
+1,816
| +4% | +$203K |
|
1884
Penumbra
PEN
$12.5B
| $4.88M | ﹤0.01% |
+58,426
| New | +$4.42M |
|
|
GHDX
1885
DELISTED
Genomic Health, Inc.
GHDX
| $4.87M | ﹤0.01% |
154,668
| – | – |
|
|
TBRG
1886
DELISTED
TruBridge
TBRG
| $4.84M | ﹤0.01% |
172,946
-128,038
| -43% | -$3.21M |
|
1887
Korn Ferry
KFY
$4.25B
| $4.8M | ﹤0.01% |
152,415
-240,354
| -61% | -$7.21M |
|
1888
Barnes & Noble Education
BNED
$373M
| $4.79M | ﹤0.01% |
4,997
+3,260
| +188% | +$3.32M |
|
1889
Badger Meter
BMI
$3.66B
| $4.72M | ﹤0.01% |
128,528
+20,430
| +19% | +$751K |
|
1890
FerroAtlántica
GSM
$809M
| $4.71M | ﹤0.01% |
455,758
-522,621
| -53% | -$5.5M |
|
1891
Tejon Ranch
TRC
$429M
| $4.67M | ﹤0.01% |
219,840
| – | – |
|
|
TPH
1892
DELISTED
Tri Pointe Homes
TPH
| $4.66M | ﹤0.01% |
371,788
+88,460
| +31% | +$1.09M |
|
|
INVN
1893
DELISTED
Invensense Inc
INVN
| $4.65M | ﹤0.01% |
368,420
| – | – |
|
|
MYCC
1894
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $4.62M | ﹤0.01% |
288,011
-99,259
| -26% | -$1.63M |
|
|
TRK
1895
DELISTED
Speedway Motorsports, Inc.
TRK
| $4.62M | ﹤0.01% |
245,349
| – | – |
|
|
KND
1896
DELISTED
Kindred Healthcare
KND
| $4.61M | ﹤0.01% |
552,604
-510,123
| -48% | -$3.99M |
|
|
GNCMA
1897
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $4.61M | ﹤0.01% |
221,589
| – | – |
|
1898
SM Energy
SM
$9.82B
| $4.59M | ﹤0.01% |
191,079
-788,070
| -80% | -$21.8M |
|
1899
Sabesp
SBS
$18.4B
| $4.55M | ﹤0.01% |
2,255,515
| – | – |
|
|
CUB
1900
DELISTED
Cubic Corporation
CUB
| $4.55M | ﹤0.01% |
86,146
+29,139
| +51% | +$1.47M |
|
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.