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 | |
|---|---|---|---|---|---|---|
626
Zions Bancorporation
ZION
$9.46B
| $61.9M | 0.02% |
1,410,732
-74,658
| -5% | -$3.07M |
|
627
Oshkosh
OSK
$8.91B
| $61.9M | 0.02% |
898,990
+343,902
| +62% | +$23.2M |
|
628
West Pharmaceutical
WST
$25.6B
| $61.5M | 0.02% |
650,358
+87,785
| +16% | +$8.07M |
|
629
Equity Lifestyle Properties
ELS
$11.8B
| $61.1M | 0.02% |
1,415,930
+45,422
| +3% | +$1.89M |
|
|
DST
630
DELISTED
DST Systems Inc.
DST
| $60.9M | 0.02% |
987,488
+37,170
| +4% | +$2.27M |
|
631
Cintas
CTAS
$79.8B
| $60.9M | 0.02% |
1,933,488
+94,972
| +5% | +$2.95M |
|
632
CarMax
KMX
$8.34B
| $60.9M | 0.02% |
965,655
-126,725
| -12% | -$7.66M |
|
633
Cirrus Logic
CRUS
$5.87B
| $60.7M | 0.02% |
967,102
+3,974
| +0.4% | +$257K |
|
634
Icon
ICLR
$13.4B
| $60.6M | 0.02% |
619,355
+91,906
| +17% | +$8.13M |
|
635
NCR Voyix
VYX
$995M
| $60.5M | 0.02% |
2,415,075
+95,290
| +4% | +$2.42M |
|
|
VRN
636
DELISTED
Veren
VRN
| $60.5M | 0.02% |
7,915,551
+2,289,313
| +41% | +$21.4M |
|
637
Nordson
NDSN
$17.2B
| $60.3M | 0.02% |
497,216
+88,548
| +22% | +$10.8M |
|
638
Lamar Advertising Co
LAMR
$14.8B
| $60.3M | 0.02% |
819,032
-43,895
| -5% | -$3.15M |
|
|
FDC
639
DELISTED
First Data Corporation
FDC
| $60.2M | 0.02% |
3,307,319
-1,103,176
| -25% | -$18.5M |
|
640
GoDaddy
GDDY
$12.5B
| $60.2M | 0.02% |
1,418,658
+834,831
| +143% | +$33.4M |
|
641
Marvell Technology
MRVL
$205B
| $59.6M | 0.02% |
3,606,086
-3,652,996
| -50% | -$59.1M |
|
642
Alnylam Pharmaceuticals
ALNY
$32.1B
| $59.4M | 0.02% |
744,415
+100,000
| +16% | +$6.39M |
|
643
Nasdaq
NDAQ
$49.3B
| $59.3M | 0.02% |
2,489,799
-471,861
| -16% | -$10.8M |
|
644
Jabil
JBL
$31B
| $59.3M | 0.02% |
2,032,198
-172,890
| -8% | -$5.08M |
|
645
Air Products & Chemicals
APD
$63.6B
| $59.3M | 0.02% |
414,323
-224,586
| -35% | -$31.9M |
|
646
Gentex
GNTX
$4.68B
| $59.3M | 0.02% |
3,124,074
+140,448
| +5% | +$2.74M |
|
647
Allegion
ALLE
$13B
| $59.3M | 0.02% |
730,554
+152,270
| +26% | +$11.9M |
|
648
Huntsman Corp
HUN
$1.6B
| $59.1M | 0.02% |
2,288,267
| – | – |
|
|
AHL
649
DELISTED
ASPEN Insurance Holding Limited
AHL
| $59.1M | 0.02% |
1,184,805
+255,287
| +27% | +$13M |
|
|
VR
650
DELISTED
Validus Hold Ltd
VR
| $59M | 0.02% |
1,135,879
+167,434
| +17% | +$9.02M |
|
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.