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 | |
|---|---|---|---|---|---|---|
451
Liberty Broadband Class C
LBRDK
$4.82B
| $101M | 0.04% |
1,059,366
+298,518
| +39% | +$28.7M |
|
452
ManpowerGroup
MAN
$2.52B
| $101M | 0.04% |
856,794
-31,861
| -4% | -$3.57M |
|
|
MRO
453
DELISTED
Marathon Oil Corporation
MRO
| $100M | 0.04% |
7,411,012
| – | – |
|
454
Bunge Global
BG
$20.2B
| $100M | 0.04% |
1,439,535
| – | – |
|
455
Church & Dwight Co
CHD
$23.7B
| $99.6M | 0.04% |
2,055,440
-57,030
| -3% | -$2.9M |
|
|
XEC
456
DELISTED
CIMAREX ENERGY CO
XEC
| $99M | 0.04% |
870,944
| – | – |
|
457
Ball Corp
BALL
$17.3B
| $98.9M | 0.04% |
2,394,064
-206,792
| -8% | -$8.48M |
|
458
Huntington Ingalls Industries
HII
$12.9B
| $98.4M | 0.04% |
434,730
-32,074
| -7% | -$6.69M |
|
459
Mercado Libre
MELI
$96.4B
| $98.3M | 0.04% |
379,792
+113,739
| +43% | +$30.1M |
|
460
Avery Dennison
AVY
$13B
| $98M | 0.04% |
996,715
+9,948
| +1% | +$936K |
|
461
Amdocs
DOX
$5.94B
| $97M | 0.04% |
1,507,883
+94,213
| +7% | +$6.08M |
|
462
Palo Alto Networks
PANW
$280B
| $96.9M | 0.04% |
4,034,520
+2,406,726
| +148% | +$54.8M |
|
463
Liberty Global Class C
LBTYK
$3.57B
| $96.9M | 0.04% |
2,962,626
+154,352
| +5% | +$4.99M |
|
464
Capri Holdings
CPRI
$1.85B
| $96.3M | 0.04% |
2,013,570
+266,788
| +15% | +$10.8M |
|
465
Targa Resources
TRGP
$57B
| $95.9M | 0.04% |
2,027,214
-113,019
| -5% | -$5.14M |
|
|
WCG
466
DELISTED
Wellcare Health Plans, Inc.
WCG
| $95.6M | 0.04% |
556,851
| – | – |
|
467
Flex
FLEX
$42.3B
| $95.4M | 0.04% |
7,643,391
-82,326
| -1% | -$1.01M |
|
468
Teck Resources
TECK
$29.4B
| $94.8M | 0.04% |
4,514,318
+600,000
| +15% | +$13.1M |
|
469
Cintas
CTAS
$82B
| $94.7M | 0.04% |
2,624,732
+691,244
| +36% | +$23M |
|
470
Kimco Realty
KIM
$17.1B
| $94.2M | 0.04% |
4,818,893
+918,899
| +24% | +$18M |
|
|
HES
471
DELISTED
Hess
HES
| $94M | 0.04% |
2,005,648
| – | – |
|
472
Cognex
CGNX
$11B
| $93.9M | 0.04% |
1,703,004
| – | – |
|
473
TransDigm Group
TDG
$71.5B
| $93.5M | 0.04% |
365,601
+86,616
| +31% | +$23.4M |
|
474
Equifax
EFX
$20.6B
| $92.8M | 0.04% |
875,301
| – | – |
|
475
Take-Two Interactive
TTWO
$45.9B
| $92.6M | 0.04% |
905,395
-3,242
| -0.4% | -$290K |
|
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.