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 | 18.51% |
| 2 | Technology | 15.24% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.35% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Kinsale Capital Group
KNSL
$8.55B
| $1.07M | ﹤0.01% |
+33,333
| New | +$1.03M |
|
2052
TIM SA
TIMB
$9.18B
| $1.07M | ﹤0.01% |
66,720
| – | – |
|
2053
Gilat Satellite Networks
GILT
$796M
| $1.05M | ﹤0.01% |
210,642
| – | – |
|
|
LABL
2054
DELISTED
Multi-Color Corp
LABL
| $1.05M | ﹤0.01% |
+14,774
| New | +$1.1M |
|
2055
Novavax
NVAX
$1.22B
| $1.04M | ﹤0.01% |
40,589
-90,362
| -69% | -$2.48M |
|
|
ACET
2056
DELISTED
Aceto Corp
ACET
| $1.03M | ﹤0.01% |
+65,231
| New | +$1.11M |
|
|
IMPV
2057
DELISTED
Imperva, Inc.
IMPV
| $1.03M | ﹤0.01% |
25,108
| – | – |
|
2058
Matador Resources
MTDR
$6.02B
| $1.02M | ﹤0.01% |
43,040
-170,443
| -80% | -$4.26M |
|
2059
First Merchants
FRME
$2.69B
| $988K | ﹤0.01% |
+25,131
| New | +$980K |
|
|
NYRT
2060
DELISTED
New York REIT, Inc.
NYRT
| $988K | ﹤0.01% |
10,199
-176,696
| -95% | -$17.4M |
|
2061
Kearny Financial
KRNY
$601M
| $977K | ﹤0.01% |
+64,935
| New | +$980K |
|
2062
SK Telecom
SKM
$11.6B
| $974K | ﹤0.01% |
23,473
| – | – |
|
2063
LivePerson
LPSN
$22.6M
| $972K | ﹤0.01% |
+9,456
| New | +$1.01M |
|
|
PTVCB
2064
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $971K | ﹤0.01% |
39,732
-16,675
| -30% | -$401K |
|
2065
Beazer Homes USA
BZH
$898M
| $970K | ﹤0.01% |
+79,936
| New | +$1.03M |
|
|
ENOC
2066
DELISTED
EnerNOC, Inc.
ENOC
| $963K | ﹤0.01% |
160,475
-48,468
| -23% | -$276K |
|
|
SPNC
2067
DELISTED
Spectranetics Corp
SPNC
| $946K | ﹤0.01% |
32,476
-14,100
| -30% | -$376K |
|
2068
Camping World
CWH
$386M
| $945K | ﹤0.01% |
+29,299
| New | +$961K |
|
|
COUP
2069
DELISTED
Coupa Software Incorporated
COUP
| $945K | ﹤0.01% |
37,210
+17,210
| +86% | +$440K |
|
2070
Kforce
KFRC
$1.07B
| $942K | ﹤0.01% |
+39,682
| New | +$946K |
|
2071
Standard BioTools
LAB
$354M
| $934K | ﹤0.01% |
164,219
| – | – |
|
2072
PennyMac Financial
PFSI
$4.51B
| $934K | ﹤0.01% |
+54,794
| New | +$949K |
|
2073
Perdoceo Education
PRDO
$2.16B
| $916K | ﹤0.01% |
+105,263
| New | +$967K |
|
|
BCOM
2074
DELISTED
B Communications Ltd
BCOM
| $915K | ﹤0.01% |
45,537
+40,472
| +799% | +$804K |
|
2075
Chefs' Warehouse
CHEF
$4.42B
| $911K | ﹤0.01% |
+65,573
| New | +$999K |
|
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.