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 | |
|---|---|---|---|---|---|---|
2151
Editas Medicine
EDIT
$393M
| – | – |
-91,102
| Closed | -$1.48M |
|
2152
e.l.f. Beauty
ELF
$4.89B
| – | – |
-50,000
| Closed | -$1.45M |
|
2153
Enova International
ENVA
$6.15B
| – | – |
-93,781
| Closed | -$1.18M |
|
2154
Flotek Industries
FTK
$794M
| – | – |
-11,116
| Closed | -$626K |
|
|
GES
2155
DELISTED
Guess Inc
GES
| – | – |
-159,697
| Closed | -$1.93M |
|
2156
Gladstone Capital
GLAD
$431M
| – | – |
-41,788
| Closed | -$785K |
|
2157
Gogo Inc
GOGO
$515M
| – | – |
-118,764
| Closed | -$1.09M |
|
2158
Haverty Furniture Companies
HVT
$419M
| – | – |
-55,800
| Closed | -$1.32M |
|
2159
Ichor Holdings
ICHR
$2.18B
| – | – |
-50,000
| Closed | -$541K |
|
|
HAPN
2160
Happen Inc
HAPN
$2.12B
| – | – |
-11,067
| Closed | -$291K |
|
2161
Lindsay Corp
LNN
$1.13B
| – | – |
-14,027
| Closed | -$1.05M |
|
2162
Matsons
MATX
$6.05B
| – | – |
-680,866
| Closed | -$24.1M |
|
2163
Melco Resorts & Entertainment
MLCO
$2.2B
| – | – |
-600,000
| Closed | -$9.54M |
|
2164
Mannatech
MTEX
$9.53M
| – | – |
-33,096
| Closed | -$672K |
|
2165
MACOM Technology Solutions
MTSI
$17.5B
| – | – |
-30,527
| Closed | -$1.41M |
|
2166
Minerva Neurosciences
NERV
$192M
| – | – |
-8,929
| Closed | -$839K |
|
2167
Intellia Therapeutics
NTLA
$1.5B
| – | – |
-67,571
| Closed | -$886K |
|
2168
Nutanix
NTNX
$16.1B
| – | – |
-35,000
| Closed | -$930K |
|
2169
OFG Bancorp
OFG
$2.22B
| – | – |
-55,976
| Closed | -$733K |
|
2170
Omeros
OMER
$825M
| – | – |
-75,000
| Closed | -$744K |
|
2171
Otter Tail
OTTR
$3.87B
| – | – |
-207,414
| Closed | -$8.46M |
|
2172
Paylocity
PCTY
$7.88B
| – | – |
-40,000
| Closed | -$1.2M |
|
|
P
2173
Everpure Inc
P
$23.3B
| – | – |
-150,000
| Closed | -$1.7M |
|
2174
Regenxbio
RGNX
$613M
| – | – |
-44,943
| Closed | -$834K |
|
2175
RingCentral
RNG
$4.85B
| – | – |
-86,688
| Closed | -$1.79M |
|
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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.