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 |
DD
Du Pont De Nemours E I
DD
|
+$334M |
| 2 |
AABA
Altaba Inc
AABA
|
+$288M |
| 3 |
Chubb
CB
|
+$238M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$235M |
| 5 |
Meta Platforms (Facebook)
META
|
+$229M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$1.25B |
| 2 |
Prudential Financial
PRU
|
+$897M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$318M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$313M |
| 5 |
Aflac
AFL
|
+$312M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.93% |
| 2 | Technology | 15.43% |
| 3 | Healthcare | 14.28% |
| 4 | Consumer Discretionary | 9.81% |
| 5 | Industrials | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TIF
326
DELISTED
Tiffany & Co.
TIF
| $144M | 0.06% |
1,533,055
-57,886
| -4% | -$5.31M |
|
327
Mettler-Toledo International
MTD
$26.7B
| $144M | 0.06% |
244,407
-11,827
| -5% | -$6.48M |
|
328
Magna International
MGA
$17B
| $144M | 0.06% |
3,107,511
+36,324
| +1% | +$1.58M |
|
329
DaVita
DVA
$12.2B
| $142M | 0.06% |
2,190,824
-14,847
| -0.7% | -$983K |
|
330
Everest Group
EG
$14.6B
| $142M | 0.06% |
556,827
-27,811
| -5% | -$6.86M |
|
331
L3Harris
LHX
$46.5B
| $142M | 0.06% |
1,299,029
+321,935
| +33% | +$35.4M |
|
332
Regions Financial
RF
$25.3B
| $141M | 0.06% |
9,660,582
+414,570
| +4% | +$5.84M |
|
333
Bread Financial
BFH
$4.14B
| $139M | 0.06% |
678,803
+22,911
| +3% | +$4.55M |
|
334
Gen Digital
GEN
$18.7B
| $139M | 0.06% |
4,916,540
-2,376,755
| -33% | -$71.9M |
|
335
Hasbro
HAS
$12.7B
| $139M | 0.06% |
1,244,901
+2,939
| +0.2% | +$303K |
|
336
PVH
PVH
$3.3B
| $138M | 0.05% |
1,207,576
+253,639
| +27% | +$26.3M |
|
337
Sun Life Financial
SLF
$44.8B
| $138M | 0.05% |
3,863,908
+3,039,505
| +369% | +$105M |
|
338
Unum
UNM
$15.2B
| $137M | 0.05% |
2,937,838
+1,501,453
| +105% | +$69.1M |
|
339
Whirlpool
WHR
$2.15B
| $136M | 0.05% |
711,263
| – | – |
|
340
Essex Property Trust
ESS
$17.7B
| $136M | 0.05% |
529,434
+10,184
| +2% | +$2.56M |
|
341
Stellantis
STLA
$14.8B
| $136M | 0.05% |
12,979,821
-1,316,899
| -9% | -$14M |
|
342
M&T Bank
MTB
$34B
| $133M | 0.05% |
819,485
+65,035
| +9% | +$10.3M |
|
343
Waters Corp
WAT
$41B
| $132M | 0.05% |
720,409
+97,989
| +16% | +$17M |
|
344
T. Rowe Price
TROW
$22.2B
| $132M | 0.05% |
1,782,443
+994,266
| +126% | +$71.1M |
|
345
KLA
KLAC
$220B
| $132M | 0.05% |
14,453,430
+1,362,290
| +10% | +$13.6M |
|
|
INFO
346
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $132M | 0.05% |
3,000,556
-477,282
| -14% | -$21.3M |
|
|
LVLT
347
DELISTED
Level 3 Communications Inc
LVLT
| $131M | 0.05% |
2,215,469
+219,535
| +11% | +$13.2M |
|
348
Tapestry
TPR
$23.4B
| $131M | 0.05% |
2,764,466
-59,248
| -2% | -$2.6M |
|
349
Expedia Group
EXPE
$35.2B
| $131M | 0.05% |
876,378
-20,976
| -2% | -$2.94M |
|
350
NetApp
NTAP
$37.3B
| $130M | 0.05% |
3,245,295
-59,898
| -2% | -$2.39M |
|
Similar funds
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.