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 | |
|---|---|---|---|---|---|---|
1976
Primoris Services
PRIM
$4.13B
| $2.6M | ﹤0.01% |
112,191
-572
| -0.5% | -$13.7K |
|
1977
Arrow Financial
AROW
$719M
| $2.6M | ﹤0.01% |
94,404
-41,693
| -31% | -$1.21M |
|
|
MRT
1978
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $2.58M | ﹤0.01% |
230,122
-49,878
| -18% | -$557K |
|
1979
Alamo Group
ALG
$2.06B
| $2.55M | ﹤0.01% |
+33,419
| New | +$2.55M |
|
1980
Ambarella
AMBA
$2.84B
| $2.5M | ﹤0.01% |
45,722
-77,982
| -63% | -$4.21M |
|
|
INN
1981
Summit Hotel Properties
INN
$619M
| $2.5M | ﹤0.01% |
+156,224
| New | +$2.46M |
|
1982
Fabrinet
FN
$13.4B
| $2.39M | ﹤0.01% |
56,957
+31,957
| +128% | +$1.33M |
|
1983
AAR Corp
AIR
$4.67B
| $2.39M | ﹤0.01% |
71,052
-130,270
| -65% | -$4.33M |
|
|
ZOES
1984
DELISTED
Zoe's Kitchen, Inc.
ZOES
| $2.27M | ﹤0.01% |
122,498
+83,469
| +214% | +$1.71M |
|
|
GNC
1985
DELISTED
GNC Holdings, Inc.
GNC
| $2.24M | ﹤0.01% |
304,067
-279,394
| -48% | -$2.4M |
|
|
ARI
1986
Apollo Commercial Real Estate
ARI
$837M
| $2.16M | ﹤0.01% |
+115,035
| New | +$2.04M |
|
1987
RPC Inc
RES
$1.37B
| $2.15M | ﹤0.01% |
117,542
-450,563
| -79% | -$9.1M |
|
|
UTEK
1988
DELISTED
Ultratech Inc.
UTEK
| $2.12M | ﹤0.01% |
71,723
+25,869
| +56% | +$717K |
|
1989
Ameresco
AMRC
$1.19B
| $2.12M | ﹤0.01% |
+324,131
| New | +$1.78M |
|
|
FCB
1990
DELISTED
FCB Financial Holdings, Inc.
FCB
| $2.04M | ﹤0.01% |
+41,088
| New | +$1.96M |
|
1991
Ameris Bancorp
ABCB
$5.69B
| $2.03M | ﹤0.01% |
+44,070
| New | +$2.01M |
|
1992
V2X
VVX
$2.36B
| $1.99M | ﹤0.01% |
88,999
-54,745
| -38% | -$1.26M |
|
|
ENLC
1993
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.98M | ﹤0.01% |
102,244
-35,887
| -26% | -$683K |
|
1994
Planet Fitness
PLNT
$3.84B
| $1.93M | ﹤0.01% |
+100,125
| New | +$2.07M |
|
|
UCB
1995
United Community Banks
UCB
$4.26B
| $1.91M | ﹤0.01% |
+69,087
| New | +$1.97M |
|
1996
Barings BDC
BBDC
$914M
| $1.91M | ﹤0.01% |
+100,000
| New | +$1.92M |
|
|
BOJA
1997
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $1.91M | ﹤0.01% |
+93,092
| New | +$1.86M |
|
|
DEA
1998
Easterly Government Properties
DEA
$1.12B
| $1.9M | ﹤0.01% |
38,451
+32,251
| +520% | +$1.61M |
|
|
CHUBA
1999
DELISTED
CommerceHub, Inc. Series A Common Stock
CHUBA
| $1.89M | ﹤0.01% |
122,139
+17,700
| +17% | +$275K |
|
2000
Hamilton Lane
HLNE
$5.13B
| $1.87M | ﹤0.01% |
+100,000
| New | +$1.88M |
|
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.