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 | |
|---|---|---|---|---|---|---|
1901
SPX Corp
SPXC
$8.93B
| $4.54M | ﹤0.01% |
187,042
+99,665
| +114% | +$2.47M |
|
1902
Gentherm
THRM
$1.17B
| $4.54M | ﹤0.01% |
115,554
-161,627
| -58% | -$5.79M |
|
|
ITCI
1903
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $4.44M | ﹤0.01% |
273,354
-7,496
| -3% | -$108K |
|
|
CBM
1904
DELISTED
Cambrex Corporation
CBM
| $4.43M | ﹤0.01% |
80,558
-232,756
| -74% | -$12.4M |
|
|
ALDR
1905
DELISTED
Alder Biopharmaceuticals
ALDR
| $4.41M | ﹤0.01% |
212,213
-49,940
| -19% | -$1.11M |
|
|
PDLI
1906
DELISTED
PDL BioPharma, Inc.
PDLI
| $4.41M | ﹤0.01% |
1,942,075
-448,430
| -19% | -$992K |
|
1907
Marcus & Millichap
MMI
$1.17B
| $4.38M | ﹤0.01% |
178,063
| – | – |
|
1908
Sunrun
RUN
$2.02B
| $4.35M | ﹤0.01% |
806,061
| – | – |
|
1909
Westamerica Bancorp
WABC
$1.39B
| $4.25M | ﹤0.01% |
76,201
-78,443
| -51% | -$4.51M |
|
1910
Cohen & Steers
CNS
$3.72B
| $4.23M | ﹤0.01% |
105,931
-47,458
| -31% | -$1.72M |
|
|
MACK
1911
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $4.23M | ﹤0.01% |
174,660
+56,463
| +48% | +$1.41M |
|
1912
Red Rock Resorts
RRR
$3.18B
| $4.22M | ﹤0.01% |
190,364
+46,571
| +32% | +$1.06M |
|
1913
Globant
GLOB
$1.73B
| $4.2M | ﹤0.01% |
115,286
-29,399
| -20% | -$1.03M |
|
1914
Cal-Maine
CALM
$3.47B
| $4.2M | ﹤0.01% |
113,989
-96,529
| -46% | -$3.86M |
|
1915
Team
TISI
$124M
| $4.15M | ﹤0.01% |
15,349
-2,563
| -14% | -$812K |
|
1916
The Ensign Group
ENSG
$10.1B
| $4.15M | ﹤0.01% |
236,001
| – | – |
|
1917
Tootsie Roll Industries
TR
$2.84B
| $4.13M | ﹤0.01% |
144,180
-83,055
| -37% | -$2.38M |
|
1918
E.W. Scripps
SSP
$297M
| $4.1M | ﹤0.01% |
175,000
+114,091
| +187% | +$2.4M |
|
|
APFH
1919
DELISTED
AdvancePierre Foods Holdings
APFH
| $4.05M | ﹤0.01% |
+130,041
| New | +$3.75M |
|
|
STMP
1920
DELISTED
Stamps.com, Inc.
STMP
| $4.01M | ﹤0.01% |
33,902
+14,376
| +74% | +$1.78M |
|
|
MB
1921
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $4M | ﹤0.01% |
145,631
+114,220
| +364% | +$2.94M |
|
|
XOG
1922
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $3.94M | ﹤0.01% |
212,143
-12,092
| -5% | -$217K |
|
|
PMC
1923
DELISTED
PharMerica Corporation
PMC
| $3.94M | ﹤0.01% |
168,157
+14,510
| +9% | +$358K |
|
|
EPE
1924
DELISTED
EP Energy Corporation
EPE
| $3.92M | ﹤0.01% |
824,716
+180,561
| +28% | +$925K |
|
1925
Lantheus
LNTH
$6.58B
| $3.91M | ﹤0.01% |
+312,500
| New | +$3.31M |
|
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.