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 | |
|---|---|---|---|---|---|---|
501
Qorvo
QRVO
$10.4B
| $83.4M | 0.03% |
1,317,523
+305,378
| +30% | +$21.8M |
|
|
CNH
502
CNH Industrial
CNH
$22.5B
| $82.9M | 0.03% |
8,405,239
-138,475
| -2% | -$1.31M |
|
|
HDS
503
DELISTED
HD Supply Holdings, Inc.
HDS
| $82.8M | 0.03% |
2,703,746
+872,737
| +48% | +$33M |
|
|
CTRA
504
DELISTED
Coterra Energy
CTRA
| $82.2M | 0.03% |
3,279,186
-868,588
| -21% | -$20.5M |
|
|
XEC
505
DELISTED
CIMAREX ENERGY CO
XEC
| $81.9M | 0.03% |
870,944
+41,883
| +5% | +$4.61M |
|
|
LVNTA
506
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $81.5M | 0.03% |
1,558,860
+592,706
| +61% | +$31M |
|
507
AerCap
AER
$21.7B
| $81.5M | 0.03% |
1,754,363
+138,552
| +9% | +$6.25M |
|
508
Trimble
TRMB
$13.7B
| $81.1M | 0.03% |
2,273,050
+116,762
| +5% | +$4.05M |
|
509
Arthur J. Gallagher & Co
AJG
$63.6B
| $81.1M | 0.03% |
1,416,073
-36,252
| -2% | -$2.05M |
|
|
DISH
510
DELISTED
DISH Network Corp.
DISH
| $80.5M | 0.03% |
1,282,178
+58,507
| +5% | +$3.69M |
|
|
LEG
511
DELISTED
Leggett & Platt
LEG
| $80.3M | 0.03% |
1,529,529
+180,328
| +13% | +$9.41M |
|
|
SJR
512
DELISTED
Shaw Communications Inc.
SJR
| $80.3M | 0.03% |
3,684,143
-15,030
| -0.4% | -$323K |
|
|
BERY
513
DELISTED
Berry Global Group, Inc.
BERY
| $79.1M | 0.03% |
1,510,696
+230,166
| +18% | +$11.5M |
|
514
Fomento Económico Mexicano
FMX
$41.4B
| $78.7M | 0.03% |
800,119
-55,300
| -6% | -$5.15M |
|
|
WP
515
DELISTED
Worldpay, Inc.
WP
| $78.5M | 0.03% |
1,238,676
-177,581
| -13% | -$11.2M |
|
|
SBNY
516
DELISTED
Signature Bank
SBNY
| $78.4M | 0.03% |
546,493
-116,842
| -18% | -$16.6M |
|
517
UGI
UGI
$8.11B
| $78.2M | 0.03% |
1,615,232
+69,940
| +5% | +$3.48M |
|
518
Toro Company
TTC
$8.81B
| $78.1M | 0.03% |
1,126,745
+192,339
| +21% | +$12.8M |
|
519
Louisiana-Pacific
LPX
$4.53B
| $78M | 0.03% |
3,234,325
+2,559,637
| +379% | +$62.3M |
|
520
Keysight
KEYS
$53.3B
| $77.7M | 0.03% |
1,996,796
-60,756
| -3% | -$2.29M |
|
521
Hormel Foods
HRL
$11.4B
| $77.7M | 0.03% |
2,277,668
-25,060
| -1% | -$863K |
|
522
Core Laboratories
CLB
$563M
| $77.7M | 0.03% |
766,809
+281,890
| +58% | +$30.4M |
|
|
ACC
523
DELISTED
American Campus Communities, Inc.
ACC
| $77.4M | 0.03% |
1,636,403
+479,236
| +41% | +$22.8M |
|
524
Ovintiv
OVV
$18.5B
| $77.2M | 0.03% |
1,757,640
-101,409
| -5% | -$5.25M |
|
|
VIAB
525
DELISTED
Viacom Inc. Class B
VIAB
| $76.6M | 0.03% |
2,282,075
-556,327
| -20% | -$21.2M |
|
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.