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 | |
|---|---|---|---|---|---|---|
676
Cabot Corp
CBT
$4.15B
| $59.8M | 0.02% |
1,071,665
+43,895
| +4% | +$2.34M |
|
677
AdvanSix
ASIX
$533M
| $59.8M | 0.02% |
1,504,038
-220,780
| -13% | -$7.49M |
|
678
Corpay
CPAY
$25.7B
| $59.6M | 0.02% |
385,330
+7,448
| +2% | +$1.09M |
|
679
MKS Inc
MKSI
$21.8B
| $59.5M | 0.02% |
629,984
-4,909
| -0.8% | -$401K |
|
|
UMPQ
680
DELISTED
Umpqua Holdings Corp
UMPQ
| $59.4M | 0.02% |
3,042,774
+36,791
| +1% | +$670K |
|
|
WBC
681
DELISTED
WABCO HOLDINGS INC.
WBC
| $59.2M | 0.02% |
400,295
+83,963
| +27% | +$11.7M |
|
682
Blackbaud
BLKB
$2.03B
| $59.2M | 0.02% |
674,018
-10,829
| -2% | -$935K |
|
683
Applied Industrial Technologies
AIT
$13B
| $58.8M | 0.02% |
892,872
+155,520
| +21% | +$9.03M |
|
|
VR
684
DELISTED
Validus Hold Ltd
VR
| $58.7M | 0.02% |
1,193,174
+57,295
| +5% | +$2.91M |
|
685
Burlington
BURL
$23.5B
| $58.7M | 0.02% |
614,595
+7,820
| +1% | +$686K |
|
|
LM
686
DELISTED
Legg Mason, Inc.
LM
| $58.5M | 0.02% |
1,488,262
-427,330
| -22% | -$16.4M |
|
687
Revvity
RVTY
$12.3B
| $58.3M | 0.02% |
845,830
| – | – |
|
688
Acuity Brands
AYI
$10.2B
| $58.2M | 0.02% |
339,671
+110,450
| +48% | +$20.6M |
|
689
Cirrus Logic
CRUS
$6.61B
| $58M | 0.02% |
1,088,151
+121,049
| +13% | +$7.09M |
|
690
Jabil
JBL
$35B
| $58M | 0.02% |
2,032,198
| – | – |
|
691
Tyler Technologies
TYL
$12.5B
| $57.9M | 0.02% |
332,084
+40,520
| +14% | +$6.96M |
|
|
EXAS
692
DELISTED
Exact Sciences
EXAS
| $57.8M | 0.02% |
1,227,344
-374,404
| -23% | -$15.1M |
|
|
KITE
693
DELISTED
Kite Pharma, Inc.
KITE
| $57.7M | 0.02% |
320,779
| – | – |
|
|
B
694
DELISTED
Barnes Group Inc.
B
| $57.2M | 0.02% |
812,664
-57,150
| -7% | -$3.55M |
|
695
Brixmor Property Group
BRX
$9.58B
| $57.2M | 0.02% |
3,042,377
| – | – |
|
|
CLGX
696
DELISTED
Corelogic, Inc.
CLGX
| $57.1M | 0.02% |
1,235,443
-96,322
| -7% | -$4.37M |
|
697
Williams-Sonoma
WSM
$29.2B
| $57.1M | 0.02% |
2,289,440
+166,248
| +8% | +$3.86M |
|
698
Mueller Water Products
MWA
$4.08B
| $57.1M | 0.02% |
4,457,162
+829,000
| +23% | +$9.84M |
|
|
SNV
699
DELISTED
Synovus
SNV
| $57M | 0.02% |
1,238,414
+68,166
| +6% | +$2.95M |
|
700
Landstar System
LSTR
$6.18B
| $57M | 0.02% |
572,226
-7,988
| -1% | -$709K |
|
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.