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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.07%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$264B
AUM Growth
+$11.6B
Cap. Flow
+$1.12B
Cap. Flow %
0.43%
Top 10 Hldgs %
14.86%
Holding
2,207
New
81
Increased
871
Reduced
707
Closed
82

Top Buys

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$764M
2
LEA icon
Lear
LEA
+$169M
3
BABA icon
Alibaba
BABA
+$169M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$168M
5
BAC icon
Bank of America
BAC
+$156M

Top Sells

Rank Stock Value
1
DD
Du Pont De Nemours E I
DD
+$712M
2
BLK icon
Blackrock
BLK
+$428M
3
AMP icon
Ameriprise Financial
AMP
+$273M
4
BHI
Baker Hughes
BHI
+$220M
5
CC icon
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
WSO icon
751
Watsco Inc
WSO
$13.8B
$52.2M 0.02%
324,288
– –
AGO icon
752
Assured Guaranty
AGO
$3.7B
$52.2M 0.02%
1,382,448
– –
LOGM
753
DELISTED
LogMein, Inc.
LOGM
$51.9M 0.02%
471,586
+37,361
+9% +$4.19M
FICO icon
754
Fair Isaac
FICO
$22.7B
$51.9M 0.02%
369,269
– –
DLB icon
755
Dolby
DLB
$5.71B
$51.8M 0.02%
901,003
– –
AVT icon
756
Avnet
AVT
$7.66B
$51.8M 0.02%
1,318,091
+69,497
+6% +$2.66M
CVG
757
DELISTED
Convergys
CVG
$51.6M 0.02%
1,993,821
+93,821
+5% +$2.25M
HIW icon
758
Highwoods Properties
HIW
$3.65B
$51.3M 0.02%
985,343
+45,860
+5% +$2.35M
NEOG icon
759
Neogen
NEOG
$2.6B
$51.3M 0.02%
1,764,752
+99,173
+6% +$2.55M
SHOO icon
760
Steven Madden
SHOO
$3.57B
$51.2M 0.02%
1,774,622
+525,990
+42% +$14.5M
RBA icon
761
RB Global
RBA
$20.7B
$51.2M 0.02%
1,621,826
+73,916
+5% +$2.14M
TEX icon
762
Terex
TEX
$7.56B
$51.1M 0.02%
1,135,223
+53,369
+5% +$2.11M
SON icon
763
Sonoco
SON
$5.77B
$51M 0.02%
1,011,809
-49,251
-5% -$2.43M
MYGN icon
764
Myriad Genetics
MYGN
$305M
$50.9M 0.02%
1,407,732
+91,253
+7% +$2.6M
SIX
765
DELISTED
Six Flags Entertainment Corp.
SIX
$50.7M 0.02%
832,310
+108,980
+15% +$6.11M
TECD
766
DELISTED
Tech Data Corp
TECD
$50.4M 0.02%
567,311
+90,181
+19% +$8.9M
CXT icon
767
Crane NXT
CXT
$3.13B
$50.4M 0.02%
1,813,439
-84,340
-4% -$2.26M
SANM icon
768
Sanmina
SANM
$11.2B
$50.3M 0.02%
1,354,170
– –
SIGI icon
769
Selective Insurance
SIGI
$5.78B
$50.3M 0.02%
933,487
+92,689
+11% +$4.71M
OPLN
770
Openlane
OPLN
$4.22B
$50.2M 0.02%
2,777,344
+285,132
+11% +$4.7M
IONS icon
771
Ionis Pharmaceuticals
IONS
$9.13B
$50.1M 0.02%
988,126
+310,000
+46% +$16.2M
AXE
772
DELISTED
Anixter International Inc
AXE
$50M 0.02%
587,896
-45,562
-7% -$3.5M
X
773
DELISTED
US Steel
X
$50M 0.02%
1,947,283
+409,165
+27% +$10M
HEI icon
774
HEICO Corp
HEI
$51.5B
$49.9M 0.02%
1,085,209
-68,594
-6% -$2.91M
THO icon
775
Thor Industries
THO
$4.12B
$49.9M 0.02%
396,178
-10,794
-3% -$1.16M
29 30
31
32 33

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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.