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 | |
|---|---|---|---|---|---|---|
|
BMS
651
DELISTED
Bemis
BMS
| $63.8M | 0.02% |
1,400,063
+143,639
| +11% | +$6.41M |
|
|
VIAB
652
DELISTED
Viacom Inc. Class B
VIAB
| $63.5M | 0.02% |
2,282,075
| – | – |
|
653
Louisiana-Pacific
LPX
$5.15B
| $63.3M | 0.02% |
2,338,664
-895,661
| -28% | -$22.8M |
|
654
Bruker
BRKR
$9.79B
| $63M | 0.02% |
2,117,818
-34,867
| -2% | -$1M |
|
|
TMX
655
DELISTED
Terminix Global Holdings, Inc.
TMX
| $62.8M | 0.02% |
2,005,078
+872,185
| +77% | +$25.7M |
|
656
Huntsman Corp
HUN
$1.76B
| $62.7M | 0.02% |
2,288,267
| – | – |
|
657
NiSource
NI
$21.3B
| $62.5M | 0.02% |
2,441,306
+200,000
| +9% | +$5.26M |
|
658
Molson Coors Class B
TAP
$7.86B
| $62.5M | 0.02% |
765,142
-211,381
| -22% | -$18.6M |
|
659
Wolverine World Wide
WWW
$1.62B
| $62.4M | 0.02% |
2,162,873
-80,091
| -4% | -$2.18M |
|
|
CMD
660
DELISTED
Cantel Medical Corporation
CMD
| $62.3M | 0.02% |
661,528
+36,973
| +6% | +$2.92M |
|
|
ACC
661
DELISTED
American Campus Communities, Inc.
ACC
| $62.2M | 0.02% |
1,408,332
-228,071
| -14% | -$10.8M |
|
|
TGNA
662
DELISTED
TEGNA Inc
TGNA
| $61.5M | 0.02% |
4,617,197
| – | – |
|
663
Popular Inc
BPOP
$11.1B
| $61.5M | 0.02% |
1,712,368
| – | – |
|
664
Lennar Class A
LEN
$20.5B
| $61.5M | 0.02% |
1,224,335
| – | – |
|
|
ODP
665
DELISTED
ODP
ODP
| $61.2M | 0.02% |
1,348,009
+73,480
| +6% | +$3.63M |
|
|
LPT
666
DELISTED
Liberty Property Trust
LPT
| $61.2M | 0.02% |
1,490,075
+146,334
| +11% | +$6.11M |
|
|
AIV
667
Aimco
AIV
$387M
| $61.2M | 0.02% |
10,467,901
-653,730
| -6% | -$3.9M |
|
668
Saic
SAIC
$5.08B
| $61M | 0.02% |
912,207
+165,459
| +22% | +$11.5M |
|
|
BRCD
669
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $60.9M | 0.02% |
5,093,231
+560,421
| +12% | +$6.93M |
|
670
Assurant
AIZ
$14B
| $60.9M | 0.02% |
637,155
| – | – |
|
|
HRC
671
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $60.8M | 0.02% |
821,252
-18,958
| -2% | -$1.46M |
|
672
Graco
GGG
$13B
| $60.6M | 0.02% |
1,469,523
-48,624
| -3% | -$1.85M |
|
673
Equity Lifestyle Properties
ELS
$12.7B
| $60.2M | 0.02% |
1,415,930
| – | – |
|
|
SGEN
674
DELISTED
Seagen Inc. Common Stock
SGEN
| $60.1M | 0.02% |
1,104,415
+152,215
| +16% | +$7.79M |
|
675
Nordson
NDSN
$16.9B
| $60M | 0.02% |
506,127
+8,911
| +2% | +$1.07M |
|
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.