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 | |
|---|---|---|---|---|---|---|
776
Teledyne Technologies
TDY
$31.6B
| $49.8M | 0.02% |
312,881
-43,331
| -12% | -$6.3M |
|
777
Trinity Industries
TRN
$2.53B
| $49.8M | 0.02% |
2,168,010
| – | – |
|
778
United Therapeutics
UTHR
$22B
| $49.7M | 0.02% |
423,953
+43,726
| +11% | +$5.58M |
|
779
Zebra Technologies
ZBRA
$17.3B
| $49.7M | 0.02% |
457,512
| – | – |
|
780
Healthcare Realty
HR
$7.02B
| $49.7M | 0.02% |
1,666,181
-1,235,301
| -43% | -$37.5M |
|
781
John Wiley & Sons Class A
WLY
$2.74B
| $49.5M | 0.02% |
925,385
+119,322
| +15% | +$6.4M |
|
782
SS&C Technologies
SSNC
$18.8B
| $49.3M | 0.02% |
1,226,669
+55,505
| +5% | +$2.14M |
|
783
MillerKnoll
MLKN
$1.66B
| $49.2M | 0.02% |
1,370,219
+33,869
| +3% | +$1.14M |
|
784
Brink's
BCO
$4.82B
| $49.1M | 0.02% |
582,239
-61,103
| -9% | -$4.65M |
|
785
Rush Enterprises Class A
RUSHA
$6.42B
| $49M | 0.02% |
2,380,646
| – | – |
|
786
Avista
AVA
$3.3B
| $49M | 0.02% |
945,804
+72,073
| +8% | +$3.6M |
|
787
Portland General Electric
POR
$5.9B
| $48.8M | 0.02% |
1,068,816
-185,627
| -15% | -$8.55M |
|
788
Fluor
FLR
$7.2B
| $48.7M | 0.02% |
1,156,618
-7,202
| -0.6% | -$299K |
|
789
Starwood Property Trust
STWD
$6.01B
| $48.7M | 0.02% |
2,240,453
-45,351
| -2% | -$1,000K |
|
790
Timken Company
TKR
$9.23B
| $48.6M | 0.02% |
1,000,721
-65,442
| -6% | -$3.02M |
|
791
Hain Celestial
HAIN
$47.3M
| $48.5M | 0.02% |
1,179,336
| – | – |
|
|
AHL
792
DELISTED
ASPEN Insurance Holding Limited
AHL
| $48.5M | 0.02% |
1,200,709
+15,904
| +1% | +$735K |
|
793
MGIC Investment
MTG
$6.34B
| $48.5M | 0.02% |
3,869,018
-1,161,499
| -23% | -$13.5M |
|
|
EVHC
794
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $48.5M | 0.02% |
1,078,227
+262,347
| +32% | +$14M |
|
|
CCMP
795
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $48.5M | 0.02% |
606,162
+43,663
| +8% | +$3.22M |
|
|
GG
796
DELISTED
Goldcorp Inc
GG
| $48.3M | 0.02% |
3,727,715
+279,571
| +8% | +$3.67M |
|
|
ARGO
797
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $48.3M | 0.02% |
902,655
+62,564
| +7% | +$3.28M |
|
|
UFS
798
DELISTED
DOMTAR CORPORATION (New)
UFS
| $48.3M | 0.02% |
1,112,173
-57,344
| -5% | -$2.29M |
|
799
Deluxe
DLX
$1.23B
| $48M | 0.02% |
657,451
+30,520
| +5% | +$2.13M |
|
800
Belden
BDC
$5.03B
| $47.9M | 0.02% |
594,858
+93,298
| +19% | +$7.05M |
|
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.