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 | |
|---|---|---|---|---|---|---|
|
AD
1926
Array Digital Infrastructure
AD
$3.29B
| $3.9M | ﹤0.01% |
104,596
+73,956
| +241% | +$3.04M |
|
1927
Mercer International
MERC
$25.9M
| $3.89M | ﹤0.01% |
+332,729
| New | +$3.92M |
|
1928
California Water Service
CWT
$2.96B
| $3.89M | ﹤0.01% |
108,439
-32,533
| -23% | -$1.13M |
|
|
IPHI
1929
DELISTED
INPHI CORPORATION
IPHI
| $3.85M | ﹤0.01% |
78,867
-229,596
| -74% | -$10.7M |
|
|
ENV
1930
DELISTED
ENVESTNET, INC.
ENV
| $3.74M | ﹤0.01% |
115,663
-49,764
| -30% | -$1.81M |
|
1931
Crocs
CROX
$5.34B
| $3.71M | ﹤0.01% |
524,809
+165,838
| +46% | +$1.15M |
|
1932
Banco Bilbao Vizcaya Argentaria
BBVA
$159B
| $3.66M | ﹤0.01% |
481,222
-8,912
| -2% | -$60.7K |
|
1933
Daktronics
DAKT
$853M
| $3.66M | ﹤0.01% |
387,224
-11,017
| -3% | -$109K |
|
1934
Columbus McKinnon
CMCO
$469M
| $3.63M | ﹤0.01% |
146,288
+41,875
| +40% | +$1.1M |
|
1935
Sony
SONY
$140B
| $3.63M | ﹤0.01% |
538,250
| – | – |
|
|
AFI
1936
DELISTED
Armstrong Flooring, Inc.
AFI
| $3.61M | ﹤0.01% |
195,915
+19,000
| +11% | +$385K |
|
|
ACHN
1937
DELISTED
Achillion Pharmaceuticals
ACHN
| $3.58M | ﹤0.01% |
851,636
-267,860
| -24% | -$1.11M |
|
1938
Park Aerospace
PKE
$672M
| $3.57M | ﹤0.01% |
199,980
-445
| -0.2% | -$8.29K |
|
|
CWEN.A
1939
DELISTED
Clearway Energy Class A
CWEN.A
| $3.57M | ﹤0.01% |
205,121
| – | – |
|
|
HTO
1940
H2O America
HTO
$2.61B
| $3.56M | ﹤0.01% |
73,805
-20,220
| -22% | -$996K |
|
1941
Cerus
CERS
$504M
| $3.48M | ﹤0.01% |
783,135
| – | – |
|
1942
Modine Manufacturing
MOD
$9.5B
| $3.44M | ﹤0.01% |
281,973
+146,284
| +108% | +$1.82M |
|
|
NVRO
1943
DELISTED
NEVRO CORP.
NVRO
| $3.44M | ﹤0.01% |
36,685
+26,357
| +255% | +$2.39M |
|
1944
Powell Industries
POWL
$6.24B
| $3.42M | ﹤0.01% |
297,909
-232,800
| -44% | -$2.77M |
|
1945
Civeo
CVEO
$347M
| $3.41M | ﹤0.01% |
+94,967
| New | +$3.38M |
|
1946
Werner Enterprises
WERN
$2.25B
| $3.32M | ﹤0.01% |
126,849
-121,136
| -49% | -$3.3M |
|
1947
Axcelis
ACLS
$3.24B
| $3.3M | ﹤0.01% |
175,652
+32,592
| +23% | +$513K |
|
|
REN
1948
DELISTED
Resolute Energy Corporaton
REN
| $3.29M | ﹤0.01% |
81,505
+22,860
| +39% | +$985K |
|
1949
AudioCodes
AUDC
$238M
| $3.28M | ﹤0.01% |
467,295
-1
| -0% | -$7 |
|
1950
Lithia Motors
LAD
$7.6B
| $3.27M | ﹤0.01% |
38,134
-84,445
| -69% | -$8.19M |
|
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.