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 | |
|---|---|---|---|---|---|---|
|
MIK
776
DELISTED
Michaels Stores, Inc
MIK
| $46.9M | 0.02% |
2,530,907
+397,618
| +19% | +$8.28M |
|
777
Worthington Enterprises
WOR
$2.88B
| $46.7M | 0.02% |
1,509,837
+195,232
| +15% | +$5.24M |
|
|
EFOR
778
Everforth Inc
EFOR
$1.33B
| $46.6M | 0.02% |
861,074
+514,453
| +148% | +$26.4M |
|
|
SINA
779
DELISTED
Sina Corp
SINA
| $46.6M | 0.02% |
548,735
+55,992
| +11% | +$4.72M |
|
|
SWFT
780
DELISTED
Swift Transportation Company
SWFT
| $46.6M | 0.02% |
1,758,645
+92,141
| +6% | +$2.22M |
|
781
Acuity Brands
AYI
$8.89B
| $46.6M | 0.02% |
229,221
+42,309
| +23% | +$7.47M |
|
782
Live Nation Entertainment
LYV
$39.9B
| $46.6M | 0.02% |
1,336,179
-22,228
| -2% | -$745K |
|
|
MNK
783
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $46.5M | 0.02% |
1,038,607
+63,388
| +6% | +$2.78M |
|
784
Quanta Services
PWR
$93.1B
| $46.2M | 0.02% |
1,402,962
+181,655
| +15% | +$6.05M |
|
785
Moog Inc Class A
MOG.A
$11.4B
| $46.2M | 0.02% |
643,740
+53,830
| +9% | +$3.72M |
|
|
SRC
786
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $46.1M | 0.02% |
1,387,987
+242,571
| +21% | +$9.09M |
|
|
ATHN
787
DELISTED
Athenahealth, Inc.
ATHN
| $46M | 0.02% |
327,614
+146,990
| +81% | +$18.4M |
|
788
Zebra Technologies
ZBRA
$16.1B
| $46M | 0.02% |
457,512
+84,726
| +23% | +$8.39M |
|
|
HPP
789
Hudson Pacific Properties
HPP
$620M
| $45.9M | 0.02% |
191,861
+5,113
| +3% | +$1.23M |
|
790
Hain Celestial
HAIN
$53.2M
| $45.8M | 0.02% |
1,179,336
+433,198
| +58% | +$15.6M |
|
|
EV
791
DELISTED
Eaton Vance Corp.
EV
| $45.8M | 0.02% |
967,454
| – | – |
|
792
Olin
OLN
$1.94B
| $45.8M | 0.02% |
1,510,971
-3,515,848
| -70% | -$108M |
|
793
MDU Resources
MDU
$3.92B
| $45.7M | 0.02% |
4,584,797
-382,062
| -8% | -$3.91M |
|
794
Invitation Homes
INVH
$16.1B
| $45.7M | 0.02% |
2,111,483
-139,504
| -6% | -$3M |
|
795
Teledyne Technologies
TDY
$27.9B
| $45.5M | 0.02% |
356,212
+47,425
| +15% | +$6.15M |
|
|
LOGM
796
DELISTED
LogMein, Inc.
LOGM
| $45.4M | 0.02% |
434,225
+117,775
| +37% | +$12.9M |
|
797
Omega Healthcare
OHI
$14.2B
| $45.4M | 0.02% |
1,373,801
| – | – |
|
798
Televisa
TV
$1.15B
| $45.3M | 0.02% |
1,859,638
-39,354
| -2% | -$977K |
|
799
Carter's
CRI
$1.07B
| $45.2M | 0.02% |
508,120
| – | – |
|
|
CVG
800
DELISTED
Convergys
CVG
| $45.2M | 0.02% |
1,900,000
-301,777
| -14% | -$7.02M |
|
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.