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 |
DuPont de Nemours
DD
|
+$764M |
| 2 |
Lear
LEA
|
+$169M |
| 3 |
Alibaba
BABA
|
+$169M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$168M |
| 5 |
Bank of America
BAC
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$712M |
| 2 |
Blackrock
BLK
|
+$428M |
| 3 |
Ameriprise Financial
AMP
|
+$273M |
| 4 |
BHI
Baker Hughes
BHI
|
+$220M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
MRSH
351
Marsh
MRSH
$90.5B
| $138M | 0.05% |
1,649,284
-225,158
| -12% | -$17.8M |
|
|
KSU
352
DELISTED
Kansas City Southern
KSU
| $138M | 0.05% |
1,267,773
+329,190
| +35% | +$34.5M |
|
|
LLL
353
DELISTED
L3 Technologies, Inc.
LLL
| $138M | 0.05% |
730,376
| – | – |
|
354
Viatris
VTRS
$20.4B
| $137M | 0.05% |
4,368,478
-256,266
| -6% | -$8.7M |
|
355
Gen Digital
GEN
$16.4B
| $136M | 0.05% |
4,154,774
-761,766
| -15% | -$23.2M |
|
356
Essex Property Trust
ESS
$18.3B
| $135M | 0.05% |
532,245
+2,811
| +0.5% | +$734K |
|
357
United Rentals
URI
$67.2B
| $135M | 0.05% |
973,249
+102,585
| +12% | +$12.3M |
|
358
Pentair
PNR
$10.4B
| $134M | 0.05% |
2,932,682
+773,029
| +36% | +$33.2M |
|
359
Expeditors International
EXPD
$22B
| $134M | 0.05% |
2,234,942
-17,047
| -0.8% | -$976K |
|
360
Host Hotels & Resorts
HST
$17.2B
| $134M | 0.05% |
7,229,383
+964,795
| +15% | +$17.5M |
|
|
XL
361
DELISTED
XL Group Ltd.
XL
| $134M | 0.05% |
3,385,762
| – | – |
|
362
Logitech
LOGI
$14.7B
| $132M | 0.05% |
3,622,864
-569,011
| -14% | -$20.7M |
|
363
Mohawk Industries
MHK
$7.5B
| $132M | 0.05% |
532,897
+32,188
| +6% | +$8.01M |
|
364
Fastenal
FAST
$54.7B
| $131M | 0.05% |
11,530,904
+2,681,332
| +30% | +$28.9M |
|
365
Imperial Oil
IMO
$62.7B
| $131M | 0.05% |
4,117,529
| – | – |
|
366
Expedia Group
EXPE
$35.4B
| $131M | 0.05% |
911,483
+35,105
| +4% | +$5.2M |
|
367
Ally Financial
ALLY
$13.2B
| $131M | 0.05% |
5,406,328
| – | – |
|
368
Darden Restaurants
DRI
$23.3B
| $131M | 0.05% |
1,659,904
-139,897
| -8% | -$11.8M |
|
369
Liberty Global Class A
LBTYA
$3.62B
| $131M | 0.05% |
3,853,182
| – | – |
|
370
Annaly Capital Management
NLY
$17.1B
| $129M | 0.05% |
2,654,062
+19,737
| +0.7% | +$966K |
|
371
CGI
GIB
$15.1B
| $129M | 0.05% |
2,496,537
+57,669
| +2% | +$2.96M |
|
372
CenterPoint Energy
CNP
$27.7B
| $129M | 0.05% |
4,404,128
| – | – |
|
373
Coca-Cola Europacific Partners
CCEP
$48.3B
| $129M | 0.05% |
3,090,249
+1,216,943
| +65% | +$51.6M |
|
374
Everest Group
EG
$14.5B
| $128M | 0.05% |
562,535
+5,708
| +1% | +$1.44M |
|
375
IQVIA
IQV
$38.7B
| $127M | 0.05% |
1,340,175
-371,105
| -22% | -$34.4M |
|
Similar funds
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.