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 | |
|---|---|---|---|---|---|---|
1876
MakeMyTrip
MMYT
$5.36B
| $4.83M | ﹤0.01% |
161,790
-179,542
| -53% | -$4.97M |
|
1877
Ituran Location and Control
ITRN
$1.09B
| $4.77M | ﹤0.01% |
139,470
| – | – |
|
1878
Mercer International
MERC
$42.3M
| $4.76M | ﹤0.01% |
332,729
| – | – |
|
1879
WEX
WEX
$6.37B
| $4.71M | ﹤0.01% |
33,376
-20,269
| -38% | -$2.54M |
|
1880
Coherent
COHR
$51.4B
| $4.69M | ﹤0.01% |
99,972
-187,126
| -65% | -$8.4M |
|
|
DBD
1881
DELISTED
Diebold Nixdorf Incorporated
DBD
| $4.58M | ﹤0.01% |
279,853
| – | – |
|
|
CORE
1882
DELISTED
Core Mark Holding Co., Inc.
CORE
| $4.46M | ﹤0.01% |
141,134
+105,021
| +291% | +$3.36M |
|
1883
AAR Corp
AIR
$5.59B
| $4.42M | ﹤0.01% |
112,361
-200
| -0.2% | -$8.05K |
|
|
TRVG
1884
trivago
TRVG
$373M
| $4.38M | ﹤0.01% |
128,160
| – | – |
|
1885
Cohen & Steers
CNS
$4.23B
| $4.3M | ﹤0.01% |
90,903
+5,394
| +6% | +$238K |
|
|
CRZO
1886
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $4.29M | ﹤0.01% |
201,422
+133,255
| +195% | +$2.46M |
|
|
FTD
1887
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $4.28M | ﹤0.01% |
594,644
-25,948
| -4% | -$241K |
|
1888
Genesco
GCO
$425M
| $4.2M | ﹤0.01% |
129,264
-19,875
| -13% | -$546K |
|
1889
Accuray
ARAY
$32M
| $4.2M | ﹤0.01% |
975,891
| – | – |
|
1890
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $4.17M | ﹤0.01% |
490,133
| – | – |
|
1891
Argan
AGX
$8B
| $4.09M | ﹤0.01% |
90,951
-46,926
| -34% | -$2.79M |
|
1892
Surgery Partners
SGRY
$2.01B
| $4.09M | ﹤0.01% |
338,240
-62,117
| -16% | -$594K |
|
1893
Green Plains
GPRE
$1.18B
| $4.08M | ﹤0.01% |
241,979
-4,465
| -2% | -$78.5K |
|
|
RPXC
1894
DELISTED
RPX Corporation
RPXC
| $4.06M | ﹤0.01% |
302,407
| – | – |
|
|
ITCI
1895
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $4.04M | ﹤0.01% |
279,070
| – | – |
|
1896
Chegg
CHGG
$110M
| $4.01M | ﹤0.01% |
245,609
-420,597
| -63% | -$6.43M |
|
1897
Resources Connection
RGP
$151M
| $4M | ﹤0.01% |
258,638
-101,434
| -28% | -$1.57M |
|
1898
Sunrun
RUN
$2.34B
| $3.97M | ﹤0.01% |
673,259
| – | – |
|
1899
E.W. Scripps
SSP
$257M
| $3.96M | ﹤0.01% |
253,167
-92,966
| -27% | -$1.51M |
|
1900
Griffon
GFF
$3.95B
| $3.94M | ﹤0.01% |
193,371
-32,326
| -14% | -$707K |
|
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.