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 | |
|---|---|---|---|---|---|---|
2101
Stagwell
STGW
$2.03B
| $604K | ﹤0.01% |
+64,285
| New | +$506K |
|
2102
Kenon Holdings
KEN
$3.34B
| $592K | ﹤0.01% |
+51,319
| New | +$594K |
|
|
INFN
2103
DELISTED
Infinera Corporation Common Stock
INFN
| $538K | ﹤0.01% |
52,575
-386,589
| -88% | -$3.87M |
|
|
OBSV
2104
DELISTED
ObsEva SA Ordinary Shares
OBSV
| $520K | ﹤0.01% |
+50,000
| New | +$614K |
|
|
NVLN
2105
DELISTED
Novelion Therapeutics Inc. Common Shares
NVLN
| $495K | ﹤0.01% |
46,196
-24,739
| -35% | -$253K |
|
2106
GoPro
GPRO
$123M
| $492K | ﹤0.01% |
56,510
| – | – |
|
|
MRUS
2107
DELISTED
Merus
MRUS
| $488K | ﹤0.01% |
20,000
-17,400
| -47% | -$444K |
|
|
ZEN
2108
DELISTED
ZENDESK INC
ZEN
| $476K | ﹤0.01% |
16,967
| – | – |
|
|
COTV
2109
DELISTED
Cotiviti Holdings, Inc.
COTV
| $471K | ﹤0.01% |
+11,321
| New | +$412K |
|
|
AC
2110
DELISTED
Associated Capital Group
AC
| $456K | ﹤0.01% |
12,667
-17,487
| -58% | -$634K |
|
2111
Integer Holdings
ITGR
$3.42B
| $450K | ﹤0.01% |
+11,200
| New | +$391K |
|
2112
Kamada
KMDA
$413M
| $450K | ﹤0.01% |
64,762
-4,031
| -6% | -$26.7K |
|
2113
Neurogene
NGNE
$663M
| $430K | ﹤0.01% |
+1,287
| New | +$452K |
|
|
CZR
2114
DELISTED
Caesars Entertainment Corporation
CZR
| $426K | ﹤0.01% |
44,622
-241,081
| -84% | -$2.2M |
|
|
LORL
2115
DELISTED
Loral Space and Communications, Inc.
LORL
| $416K | ﹤0.01% |
10,551
-35,475
| -77% | -$1.42M |
|
|
TGB
2116
Trekor Metals
TGB
$2.49B
| $412K | ﹤0.01% |
310,257
-694,887
| -69% | -$913K |
|
2117
MannKind Corp
MNKD
$1.2B
| $403K | ﹤0.01% |
272,158
| – | – |
|
2118
Compugen
CGEN
$213M
| $397K | ﹤0.01% |
92,403
-36,700
| -28% | -$169K |
|
|
WPRT
2119
Westport Fuel Systems
WPRT
$32.1M
| $394K | ﹤0.01% |
40,369
-4,483
| -10% | -$49K |
|
|
BRS
2120
DELISTED
Bristow Group, Inc.
BRS
| $365K | ﹤0.01% |
24,001
-232,780
| -91% | -$3.92M |
|
2121
HEICO Corp Class A
HEI.A
$36.5B
| $330K | ﹤0.01% |
8,600
-54,900
| -86% | -$1.96M |
|
|
AYX
2122
DELISTED
Alteryx Inc
AYX
| $313K | ﹤0.01% |
+20,000
| New | +$304K |
|
|
REXX
2123
DELISTED
Rex Energy Corporation
REXX
| $303K | ﹤0.01% |
64,570
-69,986
| -52% | -$421K |
|
2124
Onto Innovation
ONTO
$11.2B
| $302K | ﹤0.01% |
+9,900
| New | +$268K |
|
2125
Heron Therapeutics
HRTX
$93.4M
| $300K | ﹤0.01% |
+20,000
| New | +$277K |
|
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.