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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
PPL
276
PPL Corp
PPL
$26.5B
$191M 0.07%
5,045,469
+89,403
+2% +$3.46M
ALGN icon
277
Align Technology
ALGN
$12.1B
$189M 0.07%
1,013,455
+383,735
+61% +$65.7M
PARA
278
DELISTED
Paramount Global Class B
PARA
$188M 0.07%
3,243,760
-565,996
-15% -$35.8M
ES icon
279
Eversource Energy
ES
$26.9B
$187M 0.07%
3,086,703
-379,937
-11% -$23.4M
VTR icon
280
Ventas
VTR
$48B
$186M 0.07%
2,861,463
-330,295
-10% -$22.3M
MXIM
281
DELISTED
Maxim Integrated Products
MXIM
$186M 0.07%
3,898,753
+41,268
+1% +$1.89M
CERN
282
DELISTED
Cerner Corp
CERN
$185M 0.07%
2,587,948
-144,884
-5% -$9.61M
KR icon
283
Kroger
KR
$35.4B
$184M 0.07%
9,179,186
+42,158
+0.5% +$950K
MFC icon
284
Manulife Financial
MFC
$73.9B
$183M 0.07%
9,048,871
-666,020
-7% -$13.2M
CTXS
285
DELISTED
Citrix Systems Inc
CTXS
$183M 0.07%
2,379,179
+256,123
+12% +$19.9M
LHX icon
286
L3Harris
LHX
$51.6B
$183M 0.07%
1,387,232
+88,203
+7% +$10.6M
BABA icon
287
Alibaba
BABA
$293B
$180M 0.07%
+1,042,351
New +$169M
A icon
288
Agilent Technologies
A
$39.1B
$180M 0.07%
2,799,741
– –
DLR icon
289
Digital Realty Trust
DLR
$69.7B
$179M 0.07%
1,516,834
+398,229
+36% +$46M
INXN
290
DELISTED
Interxion Holding N.V.
INXN
$179M 0.07%
3,514,370
+845,335
+32% +$41.3M
ALL icon
291
Allstate
ALL
$68B
$179M 0.07%
1,946,745
– –
LKQ icon
292
LKQ Corp
LKQ
$5.68B
$178M 0.07%
4,955,798
+1,438,892
+41% +$49M
DLTR icon
293
Dollar Tree
DLTR
$24.4B
$178M 0.07%
2,051,657
+326,505
+19% +$24.9M
MNST icon
294
Monster Beverage
MNST
$94.3B
$177M 0.07%
6,424,106
-276,226
-4% -$7.45M
RCL icon
295
Royal Caribbean
RCL
$85.1B
$175M 0.07%
1,478,780
+40,919
+3% +$4.78M
ORLY icon
296
O'Reilly Automotive
ORLY
$72.9B
$175M 0.07%
12,187,080
-1,014,210
-8% -$13.4M
EL icon
297
Estee Lauder
EL
$30.4B
$174M 0.07%
1,616,707
+445,249
+38% +$45.7M
APA icon
298
APA Corp
APA
$13.2B
$174M 0.07%
3,795,880
+196,241
+5% +$8.65M
TEVA icon
299
Teva Pharmaceuticals
TEVA
$40.8B
$172M 0.07%
9,758,912
-1,508,375
-13% -$33.9M
SNPS icon
300
Synopsys
SNPS
$74.4B
$171M 0.06%
2,118,226
+497,118
+31% +$38.6M
10 11
12
13 14

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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.