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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
JNPR
326
DELISTED
Juniper Networks
JNPR
$152M 0.06%
5,448,905
-297,111
-5% -$8.32M
UNM icon
327
Unum
UNM
$13.6B
$151M 0.06%
2,948,289
+10,451
+0.4% +$510K
HBAN icon
328
Huntington Bancshares
HBAN
$34.4B
$150M 0.06%
10,756,831
-2,351,981
-18% -$30.9M
OMC icon
329
Omnicom Group
OMC
$21.6B
$150M 0.06%
2,023,497
+85,620
+4% +$6.6M
RSG icon
330
Republic Services
RSG
$64.8B
$150M 0.06%
2,265,191
-436,013
-16% -$28.3M
NWL icon
331
Newell Brands
NWL
$2.38B
$149M 0.06%
3,501,504
+136,234
+4% +$6.66M
GAP
332
The Gap Inc
GAP
$7.23B
$149M 0.06%
5,042,219
+42,900
+0.9% +$1.05M
BKR icon
333
Baker Hughes
BKR
$60B
$149M 0.06%
+4,059,972
New +$144M
DAL icon
334
Delta Air Lines
DAL
$57.5B
$148M 0.06%
3,068,816
+41,448
+1% +$2.07M
K
335
DELISTED
Kellanova
K
$148M 0.06%
2,524,982
+135,312
+6% +$8.55M
WTW icon
336
Willis Towers Watson
WTW
$31.2B
$148M 0.06%
958,389
-124,563
-12% -$18.6M
CMA
337
DELISTED
Comerica
CMA
$147M 0.06%
1,933,952
-298,542
-13% -$21.4M
CNC icon
338
Centene
CNC
$30.7B
$147M 0.06%
3,029,598
+106,530
+4% +$4.59M
YUMC icon
339
Yum China
YUMC
$16.5B
$145M 0.06%
3,636,500
-319,475
-8% -$11.9M
SHPG
340
DELISTED
Shire pic
SHPG
$145M 0.05%
944,490
– –
LVLT
341
DELISTED
Level 3 Communications Inc
LVLT
$144M 0.05%
2,702,124
+486,655
+22% +$27.1M
BWA icon
342
BorgWarner
BWA
$13.1B
$143M 0.05%
3,168,254
+852,000
+37% +$34.8M
PPLI
343
People Inc
PPLI
$3.09B
$142M 0.05%
6,741,761
+236,272
+4% +$4.59M
GPC icon
344
Genuine Parts
GPC
$17.1B
$141M 0.05%
1,477,455
+157,615
+12% +$13.4M
CDNS icon
345
Cadence Design Systems
CDNS
$93.6B
$141M 0.05%
3,574,820
+627,962
+21% +$23.1M
WRK
346
DELISTED
WestRock Company
WRK
$141M 0.05%
2,482,918
-177,585
-7% -$10.1M
MAS icon
347
Masco
MAS
$14.1B
$141M 0.05%
3,607,991
+237,569
+7% +$8.95M
STLA icon
348
Stellantis
STLA
$21.7B
$141M 0.05%
7,850,289
-5,129,532
-40% -$71M
TIF
349
DELISTED
Tiffany & Co.
TIF
$139M 0.05%
1,514,814
-18,241
-1% -$1.67M
OPTU
350
Optimum Communications Inc
OPTU
$298M
$138M 0.05%
5,064,241
+1,282,404
+34% +$39.1M
12 13
14
15 16

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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.