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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
+5.07%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$264B
AUM Growth
+$11.6B
Cap. Flow
+$1.12B
Cap. Flow %
0.43%
Top 10 Hldgs %
14.86%
Holding
2,207
New
81
Increased
871
Reduced
707
Closed
82

Top Buys

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$764M
2
LEA icon
Lear
LEA
+$169M
3
BABA icon
Alibaba
BABA
+$169M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$168M
5
BAC icon
Bank of America
BAC
+$156M

Top Sells

Rank Stock Value
1
DD
Du Pont De Nemours E I
DD
+$712M
2
BLK icon
Blackrock
BLK
+$428M
3
AMP icon
Ameriprise Financial
AMP
+$273M
4
BHI
Baker Hughes
BHI
+$220M
5
CC icon
Chemours
CC
+$196M

Sector Composition

Rank Sector Weight
1 Financials 18.77%
2 Technology 15.62%
3 Healthcare 13.61%
4 Consumer Discretionary 9.6%
5 Industrials 9.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PX
251
DELISTED
Praxair Inc
PX
$212M 0.08%
1,517,558
-1,287,633
-46% -$172M
HIG icon
252
Hartford Financial Services
HIG
$38.9B
$212M 0.08%
3,821,345
+465,067
+14% +$25.3M
AGU
253
DELISTED
Agrium
AGU
$210M 0.08%
1,963,413
+700,000
+55% +$69.9M
ANDV
254
DELISTED
Andeavor
ANDV
$210M 0.08%
2,033,386
+53,087
+3% +$5.22M
PEG icon
255
Public Service Enterprise Group
PEG
$38.2B
$208M 0.08%
4,498,113
+248,900
+6% +$11.3M
DG icon
256
Dollar General
DG
$28B
$208M 0.08%
2,563,301
+274,127
+12% +$20.5M
ROP icon
257
Roper Technologies
ROP
$38.8B
$208M 0.08%
853,103
+51,612
+6% +$12.1M
CFG icon
258
Citizens Financial Group
CFG
$30.3B
$208M 0.08%
5,482,722
– –
CAH icon
259
Cardinal Health
CAH
$53.9B
$206M 0.08%
3,082,558
+393,356
+15% +$27.8M
DFS
260
DELISTED
Discover Financial Services
DFS
$206M 0.08%
3,189,607
+94,704
+3% +$5.74M
CC icon
261
Chemours
CC
$2.5B
$205M 0.08%
4,060,358
-4,154,658
-51% -$196M
RHT
262
DELISTED
Red Hat Inc
RHT
$205M 0.08%
1,850,571
+93,301
+5% +$9.55M
XLNX
263
DELISTED
Xilinx Inc
XLNX
$202M 0.08%
2,854,732
+165,204
+6% +$10.8M
BCR
264
DELISTED
CR Bard Inc.
BCR
$201M 0.08%
626,456
-46,217
-7% -$14.8M
TROW icon
265
T. Rowe Price
TROW
$23.9B
$200M 0.08%
2,209,344
+426,901
+24% +$35.3M
DVN icon
266
Devon Energy
DVN
$52.1B
$200M 0.08%
5,436,554
+64,370
+1% +$2.09M
PFG icon
267
Principal Financial Group
PFG
$24.3B
$199M 0.08%
3,095,165
– –
DELL icon
268
Dell
DELL
$262B
$199M 0.08%
9,184,007
-327,095
-3% -$6.3M
AWK icon
269
American Water Works
AWK
$26.7B
$198M 0.08%
2,446,167
-619,541
-20% -$50.1M
TRI icon
270
Thomson Reuters
TRI
$42.8B
$196M 0.07%
3,682,190
-85,249
-2% -$4.55M
FITB
271
Fifth Third Bancorp
FITB
$51.2B
$195M 0.07%
6,970,277
– –
NTAP icon
272
NetApp
NTAP
$35B
$194M 0.07%
4,435,552
+1,190,257
+37% +$49.1M
SWKS icon
273
Skyworks Solutions
SWKS
$9.37B
$192M 0.07%
1,885,316
+177,982
+10% +$18.5M
FNF icon
274
Fidelity National Financial
FNF
$13.9B
$192M 0.07%
5,817,757
+585,616
+11% +$19.2M
PCAR icon
275
PACCAR
PCAR
$69.8B
$192M 0.07%
3,974,555
-108,027
-3% -$4.87M
9 10
11
12 13

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Norges Bank's Q3 2017 Portfolio in Review

As of Q3 2017, Norges Bank held 2,207 positions worth $264B, up 4.6% from $252B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Norges Bank's Q3 2017 filing shows 81 new, 871 increased, 707 reduced and 82 closed positions. Its largest new stake was Alibaba: 1,042,351 shares worth $180M. The largest sale was Du Pont De Nemours E I, an estimated $712M.

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 Q3 2017 buy was Alibaba: 1,042,351 shares worth $180M.
  • Norges Bank added most to DuPont de Nemours in Q3 2017, an estimated $764M increase.
  • Norges Bank's biggest Q3 2017 reduction was Blackrock, cutting an estimated $428M.
  • Norges Bank fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $712M.
  • Norges Bank's ten largest holdings make up 15% of its $264B portfolio in Q3 2017.
  • Norges Bank opened 81 new positions and closed 82 in Q3 2017.
  • Norges Bank's portfolio value rose 4.6% quarter-over-quarter to $264B.

Based on Norges Bank's 13F filing for Q3 2017, filed 7 Nov 2017.