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 | |
|---|---|---|---|---|---|---|
751
Timken Company
TKR
$8.09B
| $49.3M | 0.02% |
1,066,163
+100,083
| +10% | +$4.6M |
|
|
SCG
752
DELISTED
Scana
SCG
| $49.3M | 0.02% |
735,800
-7,594
| -1% | -$510K |
|
753
FNB Corp
FNB
$6.37B
| $49.3M | 0.02% |
3,479,710
-244,158
| -7% | -$3.44M |
|
|
SGEN
754
DELISTED
Seagen Inc. Common Stock
SGEN
| $49.3M | 0.02% |
952,200
+79,945
| +9% | +$5.08M |
|
|
LSXMK
755
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $49.1M | 0.02% |
1,544,753
-13,370
| -0.9% | -$401K |
|
756
International Flavors & Fragrances
IFF
$21.5B
| $49M | 0.02% |
363,168
-139,808
| -28% | -$19M |
|
757
CAE Inc
CAE
$7.74B
| $49M | 0.02% |
2,845,559
+482,852
| +20% | +$7.7M |
|
758
Jones Lang LaSalle
JLL
$15.7B
| $48.8M | 0.02% |
390,016
+44,509
| +13% | +$5.11M |
|
759
Extra Space Storage
EXR
$28.8B
| $48.7M | 0.02% |
623,861
-102,173
| -14% | -$7.83M |
|
|
CMD
760
DELISTED
Cantel Medical Corporation
CMD
| $48.7M | 0.02% |
624,555
+135,907
| +28% | +$10.2M |
|
761
Avnet
AVT
$7.61B
| $48.5M | 0.02% |
1,248,594
+16,785
| +1% | +$665K |
|
762
Brown-Forman Class B
BF.B
$11.8B
| $48.4M | 0.02% |
1,555,906
-747,705
| -32% | -$23.5M |
|
763
Manhattan Associates
MANH
$12.4B
| $48.3M | 0.02% |
1,004,880
+43,788
| +5% | +$2.08M |
|
|
TECD
764
DELISTED
Tech Data Corp
TECD
| $48.2M | 0.02% |
477,130
+108,681
| +29% | +$10.5M |
|
765
CACI
CACI
$13.9B
| $48.2M | 0.02% |
385,061
+82,607
| +27% | +$10M |
|
766
Ralph Lauren
RL
$20.2B
| $47.9M | 0.02% |
649,014
+108,696
| +20% | +$8.15M |
|
|
AWH
767
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $47.8M | 0.02% |
903,192
| – | – |
|
768
FirstCash
FCFS
$9.53B
| $47.8M | 0.02% |
819,340
+177,039
| +28% | +$9.4M |
|
769
Highwoods Properties
HIW
$3.39B
| $47.6M | 0.02% |
939,483
+80,596
| +9% | +$4.11M |
|
770
Cenovus Energy
CVE
$60B
| $47.6M | 0.02% |
6,467,384
-3,152,772
| -33% | -$29.3M |
|
771
Atmos Energy
ATO
$27.4B
| $47.6M | 0.02% |
573,727
+36,489
| +7% | +$2.99M |
|
|
TCF
772
DELISTED
TCF Financial Corporation
TCF
| $47.4M | 0.02% |
2,973,495
+780,393
| +36% | +$12.6M |
|
|
CLVS
773
DELISTED
Clovis Oncology, Inc.
CLVS
| $47.3M | 0.02% |
505,482
+63,628
| +14% | +$3.89M |
|
|
CTLT
774
DELISTED
CATALENT, INC.
CTLT
| $47.1M | 0.02% |
1,340,576
-194,228
| -13% | -$6.39M |
|
775
Insulet
PODD
$9.75B
| $47M | 0.02% |
916,824
+34,174
| +4% | +$1.48M |
|
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.