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Norges Bank

Norges Bank Portfolio holdings

AUM $1T
 

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.

This Fund
S&P 500
This Quarter Est. Return
+6.7%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$279B
AUM Growth
+$15.5B
Cap. Flow
+$447M
Cap. Flow %
0.16%
Top 10 Hldgs %
15.57%
Holding
2,177
New
52
Increased
713
Reduced
679
Closed
62
Avg Time Held
3.6 years
Top 10 Avg Time Held
2.8 years
Top 20 Avg Time Held
2.6 years

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$486M
2
BXP icon
Boston Properties
BXP
+$368M
3
VZ icon
Verizon
VZ
+$301M
4
VNO icon
Vornado Realty Trust
VNO
+$283M
5
BIDU icon
Baidu
BIDU
+$185M

Top Sells

Rank Stock Value
1
BLK icon
Blackrock
BLK
+$579M
2
AMP icon
Ameriprise Financial
AMP
+$297M
3
NUE icon
Nucor
NUE
+$290M
4
CHTR icon
Charter Communications
CHTR
+$216M
5
AFL icon
Aflac
AFL
+$214M

Sector Composition

Rank Sector Weight
1 Financials 19.04%
2 Technology 16.4%
3 Healthcare 13.21%
4 Consumer Discretionary 10.32%
5 Communication Services 9.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow Held Since
P icon
2151
DELISTED
Pandora Media Inc
P
– –
-448,158
Closed -$3.45M –
SHLD icon
2152
DELISTED
Sears Holding Corporation
SHLD
– –
-1
Closed – –
MULE
2153
DELISTED
MuleSoft, Inc.
MULE
– –
-50,000
Closed -$1.01M –
GIMO
2154
DELISTED
Gigamon Inc.
GIMO
– –
-225,164
Closed -$9.49M –
PMC
2155
DELISTED
PharMerica Corporation
PMC
– –
-246,745
Closed -$7.23M –
CBF
2156
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
– –
-335,091
Closed -$13.8M –
VWR
2157
DELISTED
VWR Corporation
VWR
– –
-848,793
Closed -$28.1M –
FNFV
2158
DELISTED
Fidelity Natl Financial, Inc.
FNFV
– –
-1,682,161
Closed -$28.8M –
ABCO
2159
DELISTED
Advisory Board Co
ABCO
– –
-287,410
Closed -$15.4M –
BRCD
2160
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
– –
-5,093,231
Closed -$60.9M –
RICE
2161
DELISTED
Rice Energy Inc.
RICE
– –
-1,239,691
Closed -$35.9M –
RATE icon
2162
DELISTED
Bankrate Inc
RATE
– –
-445,129
Closed -$6.21M –
LVLT
2163
DELISTED
Level 3 Communications Inc
LVLT
– –
-2,702,124
Closed -$144M –
PKY
2164
DELISTED
Parkway, Inc.
PKY
– –
-631,609
Closed -$14.5M –
WSTC
2165
DELISTED
West Corporation
WSTC
– –
-1,524,913
Closed -$35.8M –
ATW
2166
DELISTED
Atwood Oceanics
ATW
– –
-2,230,702
Closed -$20.9M –
KITE
2167
DELISTED
Kite Pharma, Inc.
KITE
– –
-320,779
Closed -$57.7M –
ALR
2168
DELISTED
Alere Inc
ALR
– –
-756,791
Closed -$38.6M –
AF
2169
DELISTED
Astoria Financial Corporation
AF
– –
-1,092,902
Closed -$23.5M –
PRXL
2170
DELISTED
Parexel International Corp
PRXL
– –
-807,202
Closed -$71.1M –
SFR
2171
DELISTED
Starwood Waypoint Homes
SFR
– –
-1,008,437
Closed -$36.7M –
FTR
2172
DELISTED
Frontier Communications Corp.
FTR
– –
-266,665
Closed -$3.14M –
BCR
2173
DELISTED
CR Bard Inc.
BCR
– –
-626,456
Closed -$201M –
SNC
2174
DELISTED
State National Companies, Inc.
SNC
– –
-97,040
Closed -$2.04M –
DGI
2175
DELISTED
DigitalGlobe Inc.
DGI
– –
-908,143
Closed -$32M –

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Norges Bank's Q4 2017 Portfolio in Review

As of Q4 2017, Norges Bank held 2,177 positions worth $279B, up 5.9% from $264B the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Norges Bank's Q4 2017 filing shows 52 new, 713 increased, 679 reduced and 62 closed positions. Its largest new stake was Delphi Technologies PLC Ordinary Shares: 1,452,122 shares worth $76.2M. The largest sale was Blackrock, an estimated $579M.

By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.

  • Norges Bank's largest Q4 2017 buy was Delphi Technologies PLC Ordinary Shares: 1,452,122 shares worth $76.2M.
  • Norges Bank added most to Alibaba in Q4 2017, an estimated $486M increase.
  • Norges Bank's biggest Q4 2017 reduction was Blackrock, cutting an estimated $579M.
  • Norges Bank fully exited CR Bard Inc. in Q4 2017, selling an estimated $201M.
  • Norges Bank's ten largest holdings make up 16% of its $279B portfolio in Q4 2017.
  • Norges Bank opened 52 new positions and closed 62 in Q4 2017.
  • Norges Bank's portfolio value rose 5.9% quarter-over-quarter to $279B.

Based on Norges Bank's 13F filing for Q4 2017, filed 9 Feb 2018.