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 | |
|---|---|---|---|---|---|---|
1926
Houlihan Lokey
HLI
$8.77B
| $3.33M | ﹤0.01% |
73,395
+25,000
| +52% | +$1.07M |
|
|
WOW
1927
DELISTED
WideOpenWest
WOW
| $3.32M | ﹤0.01% |
314,285
| – | – |
|
|
SP
1928
DELISTED
SP Plus Corporation
SP
| $3.29M | ﹤0.01% |
88,788
-76,911
| -46% | -$2.99M |
|
|
AYR
1929
DELISTED
Aircastle Ltd
AYR
| $3.26M | ﹤0.01% |
139,434
+91,309
| +190% | +$2.14M |
|
|
KANG
1930
DELISTED
iKang Healthcare Group, Inc.
KANG
| $3.26M | ﹤0.01% |
+206,234
| New | +$2.98M |
|
|
NAV
1931
DELISTED
Navistar International
NAV
| $3.26M | ﹤0.01% |
75,962
+50,221
| +195% | +$2.09M |
|
1932
Axos Financial
AX
$5.77B
| $3.25M | ﹤0.01% |
108,517
+37,575
| +53% | +$1.02M |
|
1933
Lennar Class B
LEN.B
$19.4B
| $3.23M | ﹤0.01% |
65,717
+24,518
| +60% | +$1.13M |
|
1934
Nutanix
NTNX
$16B
| $3.21M | ﹤0.01% |
91,115
-138,875
| -60% | -$4.21M |
|
1935
Digimarc Corp
DMRC
$147M
| $3.15M | ﹤0.01% |
87,071
| – | – |
|
1936
Cal-Maine
CALM
$4.12B
| $3.1M | ﹤0.01% |
+69,741
| New | +$3.11M |
|
1937
Sabesp
SBS
$19.1B
| $3.09M | ﹤0.01% |
1,526,506
-729,009
| -32% | -$1.4M |
|
|
DESP
1938
DELISTED
Despegar.com
DESP
| $3.02M | ﹤0.01% |
110,000
| – | – |
|
1939
Roku
ROKU
$21.5B
| $2.89M | ﹤0.01% |
55,803
-24,197
| -30% | -$833K |
|
1940
Carvana
CVNA
$68.6B
| $2.87M | ﹤0.01% |
750,000
| – | – |
|
1941
Warner Bros
WBD
$65.9B
| $2.82M | ﹤0.01% |
125,906
| – | – |
|
1942
Canadian Solar
CSIQ
$1.02B
| $2.74M | ﹤0.01% |
162,744
-1,207,729
| -88% | -$20.8M |
|
1943
Under Armour
UAA
$2.84B
| $2.74M | ﹤0.01% |
190,060
+75,244
| +66% | +$1.09M |
|
|
RTEC
1944
DELISTED
Rudolph Technologies Inc
RTEC
| $2.74M | ﹤0.01% |
114,516
+15,366
| +15% | +$394K |
|
1945
Fossil Group
FOSL
$293M
| $2.73M | ﹤0.01% |
350,937
| – | – |
|
|
PARAA
1946
DELISTED
Paramount Global Class A
PARAA
| $2.72M | ﹤0.01% |
45,798
| – | – |
|
1947
B&G Foods
BGS
$287M
| $2.71M | ﹤0.01% |
77,169
-108,472
| -58% | -$3.71M |
|
1948
First Majestic Silver
AG
$7.41B
| $2.71M | ﹤0.01% |
399,611
| – | – |
|
|
CHUBA
1949
DELISTED
CommerceHub, Inc. Series A Common Stock
CHUBA
| $2.67M | ﹤0.01% |
121,439
-700
| -0.6% | -$15.7K |
|
1950
Lexicon Pharmaceuticals
LXRX
$1.03B
| $2.63M | ﹤0.01% |
266,463
| – | – |
|
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.