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 | |
|---|---|---|---|---|---|---|
2076
Surgery Partners
SGRY
$2.11B
| $909K | ﹤0.01% |
+46,620
| New | +$906K |
|
2077
Ezcorp Inc
EZPW
$1.81B
| $906K | ﹤0.01% |
+111,111
| New | +$1.02M |
|
2078
Citizens
CIA
$252M
| $895K | ﹤0.01% |
120,392
-36,329
| -23% | -$323K |
|
|
AUD
2079
DELISTED
Audacy, Inc.
AUD
| $892K | ﹤0.01% |
+62,402
| New | +$924K |
|
|
FRP
2080
DELISTED
Fairpoint Communications, Inc.
FRP
| $887K | ﹤0.01% |
+53,404
| New | +$938K |
|
2081
FB Financial Corp
FBK
$2.98B
| $884K | ﹤0.01% |
25,000
| – | – |
|
2082
Hanmi Financial
HAFC
$938M
| $876K | ﹤0.01% |
28,500
| – | – |
|
2083
Red Robin
RRGB
$142M
| $870K | ﹤0.01% |
14,889
| – | – |
|
2084
Babcock & Wilcox
BW
$1.24B
| $865K | ﹤0.01% |
9,261
-62,443
| -87% | -$8.75M |
|
2085
Coherus Oncology
CHRS
$219M
| $846K | ﹤0.01% |
+40,000
| New | +$984K |
|
2086
Under Armour
UAA
$3.04B
| $814K | ﹤0.01% |
41,132
-231,500
| -85% | -$5.39M |
|
|
SHOE
2087
Shoe Station Group
SHOE
$420M
| $812K | ﹤0.01% |
+66,074
| New | +$845K |
|
2088
Constellium
CSTM
$3.82B
| $804K | ﹤0.01% |
123,719
+123,456
| +46,941% | +$882K |
|
2089
DMC Global
BOOM
$110M
| $778K | ﹤0.01% |
62,775
| – | – |
|
|
NMBL
2090
DELISTED
Nimble Storage, Inc.
NMBL
| $754K | ﹤0.01% |
60,333
-70,900
| -54% | -$694K |
|
|
BBBY
2091
Bed Bath & Beyond
BBBY
$478M
| $744K | ﹤0.01% |
57,608
-11,482
| -17% | -$150K |
|
2092
Titan International
TWI
$500M
| $731K | ﹤0.01% |
+70,671
| New | +$838K |
|
|
HZN
2093
DELISTED
Horizon Global Corporation
HZN
| $727K | ﹤0.01% |
+52,356
| New | +$957K |
|
2094
Allot
ALLT
$367M
| $716K | ﹤0.01% |
151,194
-1,884
| -1% | -$9.34K |
|
|
TUES
2095
DELISTED
Tuesday Morning Corp
TUES
| $703K | ﹤0.01% |
187,443
| – | – |
|
2096
Clear Channel Outdoor Holdings
CCO
$1.22B
| $699K | ﹤0.01% |
115,460
-19,401
| -14% | -$102K |
|
|
FOE
2097
DELISTED
Ferro Corporation
FOE
| $690K | ﹤0.01% |
45,400
-243,780
| -84% | -$3.5M |
|
|
IVC
2098
DELISTED
Invacare Corporation
IVC
| $653K | ﹤0.01% |
54,896
-185,950
| -77% | -$2.23M |
|
|
GBL
2099
DELISTED
GAMCO Investors, Inc.
GBL
| $649K | ﹤0.01% |
21,923
-8,081
| -27% | -$243K |
|
|
PFNX
2100
DELISTED
Pfenex Inc.
PFNX
| $615K | ﹤0.01% |
105,910
| – | – |
|
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.