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 | |
|---|---|---|---|---|---|---|
601
Dentsply Sirona
XRAY
$2.68B
| $69.9M | 0.03% |
1,169,332
| – | – |
|
602
Toro Company
TTC
$8.75B
| $69.9M | 0.03% |
1,125,619
-1,126
| -0.1% | -$75.5K |
|
603
Iron Mountain
IRM
$36.4B
| $69.1M | 0.03% |
1,776,917
-335,177
| -16% | -$12.5M |
|
|
DISH
604
DELISTED
DISH Network Corp.
DISH
| $69M | 0.03% |
1,272,757
-9,421
| -0.7% | -$557K |
|
605
United Airlines
UAL
$39.4B
| $69M | 0.03% |
1,133,583
-60,457
| -5% | -$4.03M |
|
606
BioMarin Pharmaceuticals
BMRN
$11.6B
| $69M | 0.03% |
741,289
| – | – |
|
|
HOLX
607
DELISTED
Hologic
HOLX
| $68.7M | 0.03% |
1,871,518
-722,258
| -28% | -$29.2M |
|
|
LSXMK
608
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $68.5M | 0.03% |
2,149,133
+604,380
| +39% | +$19.7M |
|
609
Steris
STE
$22.3B
| $68.5M | 0.03% |
774,641
+12,088
| +2% | +$1.02M |
|
610
Murphy Oil
MUR
$5.7B
| $68.2M | 0.03% |
2,568,088
| – | – |
|
611
Wheaton Precious Metals
WPM
$49.5B
| $68.1M | 0.03% |
3,546,183
-2,437,381
| -41% | -$48M |
|
|
SBNY
612
DELISTED
Signature Bank
SBNY
| $67.9M | 0.03% |
530,486
-16,007
| -3% | -$2.1M |
|
613
Newmont
NEM
$98.7B
| $67.8M | 0.03% |
1,807,252
+611,157
| +51% | +$22.2M |
|
614
IDEX
IEX
$17B
| $67.8M | 0.03% |
557,760
| – | – |
|
615
Lamb Weston
LW
$7.22B
| $67.8M | 0.03% |
1,444,880
-103,667
| -7% | -$4.65M |
|
616
Jazz Pharmaceuticals
JAZZ
$15.9B
| $67.6M | 0.03% |
462,158
-125,185
| -21% | -$18.9M |
|
|
SIVB
617
DELISTED
SVB Financial Group
SIVB
| $67.6M | 0.03% |
361,151
-7,772
| -2% | -$1.37M |
|
618
Old Republic International
ORI
$10.5B
| $67.5M | 0.03% |
3,426,391
+49,627
| +1% | +$962K |
|
619
IPG Photonics
IPGP
$3.61B
| $67.4M | 0.03% |
364,364
+64,255
| +21% | +$10.7M |
|
620
Arrow Electronics
ARW
$11.1B
| $67M | 0.03% |
833,808
+12,701
| +2% | +$1M |
|
621
Gaming and Leisure Properties
GLPI
$12.7B
| $67M | 0.03% |
1,815,824
+39,521
| +2% | +$1.49M |
|
622
Entegris
ENTG
$18.1B
| $66.9M | 0.03% |
2,318,167
-38,240
| -2% | -$972K |
|
623
Bio-Techne
TECH
$11.2B
| $66.5M | 0.03% |
2,199,764
| – | – |
|
624
Teradata
TDC
$2.92B
| $66.1M | 0.03% |
1,956,928
+127,487
| +7% | +$3.96M |
|
|
AAN.A
625
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $66M | 0.03% |
1,511,816
-188,304
| -11% | -$8.22M |
|
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.