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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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
+3.11%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$252B
AUM Growth
+$8.22B
Cap. Flow
+$2.68B
Cap. Flow %
1.06%
Top 10 Hldgs %
14.79%
Holding
2,216
New
77
Increased
1,043
Reduced
752
Closed
90

Top Buys

Rank Stock Value
1
DD
Du Pont De Nemours E I
DD
+$334M
2
AABA
Altaba Inc
AABA
+$288M
3
CB icon
Chubb
CB
+$238M
4
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$235M
5
META icon
Meta Platforms (Facebook)
META
+$229M

Top Sells

Rank Stock Value
1
BLK icon
Blackrock
BLK
+$1.25B
2
PRU icon
Prudential Financial
PRU
+$897M
3
YHOO
Yahoo Inc
YHOO
+$318M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$313M
5
AFL icon
Aflac
AFL
+$312M

Sector Composition

Rank Sector Weight
1 Financials 18.76%
2 Technology 15.09%
3 Healthcare 13.88%
4 Consumer Discretionary 9.67%
5 Industrials 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSLA icon
226
Tesla
TSLA
$1.21T
$234M 0.09%
9,713,085
+4,032,885
+71% +$88.8M
FISV
227
Fiserv Inc
FISV
$29.6B
$234M 0.09%
3,821,812
+315,262
+9% +$19.1M
ED icon
228
Consolidated Edison
ED
$41.2B
$234M 0.09%
2,891,993
-81,152
-3% -$6.56M
AVB icon
229
AvalonBay Communities
AVB
$27.5B
$231M 0.09%
1,204,069
-23,235
-2% -$4.44M
CP icon
230
Canadian Pacific Kansas City
CP
$81.1B
$229M 0.09%
7,134,815
-843,865
-11% -$26.2M
STLD icon
231
Steel Dynamics
STLD
$36.9B
$228M 0.09%
6,357,096
-318,981
-5% -$11M
PGRE
232
DELISTED
Paramount Group
PGRE
$228M 0.09%
14,223,196
+3,886,258
+38% +$63.1M
ADI icon
233
Analog Devices
ADI
$179B
$225M 0.09%
2,890,615
-136,246
-5% -$10.8M
FIS icon
234
Fidelity National Information Services
FIS
$24B
$224M 0.09%
2,627,208
-94,946
-3% -$7.94M
STI
235
DELISTED
SunTrust Banks, Inc.
STI
$224M 0.09%
3,954,828
+145,811
+4% +$8.1M
IP icon
236
International Paper
IP
$22.9B
$223M 0.09%
4,160,042
-256,393
-6% -$13M
FTV icon
237
Fortive
FTV
$18B
$223M 0.09%
5,577,483
+1,048,727
+23% +$41.3M
VTR icon
238
Ventas
VTR
$47.6B
$222M 0.09%
3,191,758
+285,445
+10% +$19M
BHI
239
DELISTED
Baker Hughes
BHI
$220M 0.09%
4,030,920
+301,612
+8% +$17.3M
ILMN icon
240
Illumina
ILMN
$29.6B
$219M 0.09%
1,295,496
+164,254
+15% +$28.4M
WDC icon
241
Western Digital
WDC
$171B
$218M 0.09%
3,259,961
– –
EQR icon
242
Equity Residential
EQR
$25.8B
$218M 0.09%
3,307,808
+1,200
+0% +$78.4K
SWK icon
243
Stanley Black & Decker
SWK
$14.7B
$216M 0.09%
1,535,762
+41,458
+3% +$5.69M
SYF icon
244
Synchrony
SYF
$24.8B
$214M 0.09%
7,181,126
-101,976
-1% -$3.02M
KR icon
245
Kroger
KR
$36.5B
$213M 0.08%
9,137,028
+768,225
+9% +$21.8M
BCR
246
DELISTED
CR Bard Inc.
BCR
$213M 0.08%
672,673
+26,207
+4% +$7.78M
ES icon
247
Eversource Energy
ES
$28.1B
$210M 0.08%
3,466,640
+101,021
+3% +$6.13M
CAH icon
248
Cardinal Health
CAH
$54.2B
$210M 0.08%
2,689,202
-249,302
-8% -$18.8M
ADM icon
249
Archer Daniels Midland
ADM
$39.4B
$209M 0.08%
5,040,001
-864,415
-15% -$37.1M
LRCX icon
250
Lam Research
LRCX
$334B
$207M 0.08%
14,655,840
+1,513,050
+12% +$22.2M
8 9
10
11 12

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Norges Bank's Q2 2017 Portfolio in Review

As of Q2 2017, Norges Bank held 2,216 positions worth $252B, up 3.4% from $244B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Norges Bank's Q2 2017 filing shows 77 new, 1,043 increased, 752 reduced and 90 closed positions. Its largest new stake was Altaba Inc: 5,288,554 shares worth $288M. The largest sale was Blackrock, an estimated $1.25B.

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 Q2 2017 buy was Altaba Inc: 5,288,554 shares worth $288M.
  • Norges Bank added most to Du Pont De Nemours E I in Q2 2017, an estimated $334M increase.
  • Norges Bank's biggest Q2 2017 reduction was Blackrock, cutting an estimated $1.25B.
  • Norges Bank fully exited Yahoo Inc in Q2 2017, selling an estimated $318M.
  • Norges Bank's ten largest holdings make up 15% of its $252B portfolio in Q2 2017.
  • Norges Bank opened 77 new positions and closed 90 in Q2 2017.
  • Norges Bank's portfolio value rose 3.4% quarter-over-quarter to $252B.

Based on Norges Bank's 13F filing for Q2 2017, filed 2 Aug 2017.