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 | |
|---|---|---|---|---|---|---|
551
Raymond James Financial
RJF
$32.5B
| $73M | 0.03% |
1,365,438
-64,022
| -4% | -$3.22M |
|
552
Pembina Pipeline
PBA
$27.5B
| $73M | 0.03% |
2,207,264
-188,986
| -8% | -$6.12M |
|
553
AGNC Investment
AGNC
$11.8B
| $72.9M | 0.03% |
3,425,594
+207,299
| +6% | +$4.31M |
|
554
SEI Investments
SEIC
$12.7B
| $72.6M | 0.03% |
1,350,821
+79,953
| +6% | +$4.12M |
|
555
Iron Mountain
IRM
$33.4B
| $72.6M | 0.03% |
2,112,094
-226,687
| -10% | -$7.93M |
|
556
Pinnacle West Capital
PNW
$11.5B
| $72.5M | 0.03% |
850,958
-138,359
| -14% | -$11.9M |
|
|
SVC
557
Service Properties Trust
SVC
$861M
| $72.3M | 0.03% |
496,317
+93,267
| +23% | +$14.2M |
|
558
Cognex
CGNX
$9.95B
| $72.3M | 0.03% |
1,703,004
+183,216
| +12% | +$8.14M |
|
559
Charles River Laboratories
CRL
$13B
| $72M | 0.03% |
712,026
+31,207
| +5% | +$2.87M |
|
560
Open Text
OTEX
$5.73B
| $72M | 0.03% |
2,283,207
| – | – |
|
|
ODP
561
DELISTED
ODP
ODP
| $71.9M | 0.03% |
1,274,529
+316,506
| +33% | +$16.3M |
|
562
Navient
NAVI
$938M
| $71.7M | 0.03% |
4,304,221
-411,707
| -9% | -$6.21M |
|
563
Kimco Realty
KIM
$15.4B
| $71.6M | 0.03% |
3,899,994
+680,278
| +21% | +$13.3M |
|
564
Regency Centers
REG
$13.6B
| $71.5M | 0.03% |
1,142,186
+28,447
| +3% | +$1.8M |
|
565
Regal Rexnord
RRX
$10.2B
| $71.5M | 0.03% |
876,689
+252,783
| +41% | +$20M |
|
566
Popular Inc
BPOP
$10.5B
| $71.4M | 0.03% |
1,712,368
| – | – |
|
|
QVCGA
567
DELISTED
QVC Group Inc Series A
QVCGA
| $70.9M | 0.03% |
59,526
-2,106
| -3% | -$2.33M |
|
568
Jack Henry & Associates
JKHY
$10.8B
| $70.9M | 0.03% |
682,673
+160,729
| +31% | +$16M |
|
|
HBI
569
DELISTED
Hanesbrands
HBI
| $70.8M | 0.03% |
3,059,147
+885,997
| +41% | +$19.1M |
|
570
Lennox International
LII
$12.5B
| $70.8M | 0.03% |
385,601
-37,027
| -9% | -$6.46M |
|
571
Leidos
LDOS
$16.2B
| $70.7M | 0.03% |
1,367,590
-132,893
| -9% | -$7.08M |
|
572
Ingredion
INGR
$6.25B
| $70.6M | 0.03% |
592,245
-60,679
| -9% | -$7.21M |
|
|
BIVV
573
DELISTED
Bioverativ Inc. Common Stock
BIVV
| $70.6M | 0.03% |
1,172,635
-179,729
| -13% | -$10.2M |
|
574
Graphic Packaging
GPK
$2.86B
| $70.3M | 0.03% |
5,101,195
+849,131
| +20% | +$11.4M |
|
575
Diamondback Energy
FANG
$59.2B
| $70.1M | 0.03% |
788,816
| – | – |
|
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.