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 | |
|---|---|---|---|---|---|---|
|
DFT
801
DELISTED
DuPont Fabros Technology Inc.
DFT
| $45.2M | 0.02% |
738,716
| – | – |
|
|
GRA
802
DELISTED
W.R. Grace & Co.
GRA
| $45.1M | 0.02% |
626,077
-43,257
| -6% | -$3.03M |
|
803
Sensata Technologies
ST
$6.1B
| $45.1M | 0.02% |
1,054,732
-790,973
| -43% | -$32.5M |
|
804
Howard Hughes
HHH
$3.71B
| $45M | 0.02% |
384,148
-15,471
| -4% | -$1.83M |
|
805
SS&C Technologies
SSNC
$18.9B
| $45M | 0.02% |
1,171,164
+55,821
| +5% | +$2.08M |
|
806
Associated Banc-Corp
ASB
$5.62B
| $45M | 0.02% |
1,784,890
-86,322
| -5% | -$2.12M |
|
807
Cullen/Frost Bankers
CFR
$9.91B
| $44.9M | 0.02% |
478,605
+12,332
| +3% | +$1.14M |
|
|
UFS
808
DELISTED
DOMTAR CORPORATION (New)
UFS
| $44.9M | 0.02% |
1,169,517
+298,071
| +34% | +$11.2M |
|
|
ANSS
809
DELISTED
Ansys
ANSS
| $44.8M | 0.02% |
368,269
-210,169
| -36% | -$24.8M |
|
810
Bloomin' Brands
BLMN
$688M
| $44.7M | 0.02% |
2,106,242
+397,630
| +23% | +$8.2M |
|
|
VVC
811
DELISTED
Vectren Corporation
VVC
| $44.7M | 0.02% |
764,059
+15,960
| +2% | +$957K |
|
|
DCT
812
DELISTED
DCT Industrial Trust Inc.
DCT
| $44.6M | 0.02% |
833,842
| – | – |
|
|
PBCT
813
DELISTED
People's United Financial Inc
PBCT
| $44.5M | 0.02% |
2,519,289
-116,735
| -4% | -$2.03M |
|
|
IBKC
814
DELISTED
IBERIABANK Corp
IBKC
| $44.4M | 0.02% |
545,363
+33,253
| +6% | +$2.64M |
|
815
RB Global
RBA
$15.6B
| $44.4M | 0.02% |
1,547,910
| – | – |
|
|
GG
816
DELISTED
Goldcorp Inc
GG
| $44.4M | 0.02% |
3,448,144
-7,562
| -0.2% | -$106K |
|
|
TSRO
817
DELISTED
TESARO, Inc.
TSRO
| $44.4M | 0.02% |
317,369
+14,612
| +5% | +$2.12M |
|
|
GPT
818
DELISTED
Gramercy Property Trust
GPT
| $44.4M | 0.02% |
1,492,899
+176,274
| +13% | +$5.08M |
|
|
ARGO
819
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $44.3M | 0.02% |
840,091
+283,437
| +51% | +$15.6M |
|
820
Dolby
DLB
$5.5B
| $44.1M | 0.02% |
901,003
+44,984
| +5% | +$2.29M |
|
821
Adient
ADNT
$1.41B
| $44M | 0.02% |
673,451
-105,002
| -13% | -$7.14M |
|
822
Veeva Systems
VEEV
$42.9B
| $44M | 0.02% |
717,898
+156,711
| +28% | +$9.05M |
|
823
PTC
PTC
$14.2B
| $43.8M | 0.02% |
795,268
+35,321
| +5% | +$1.95M |
|
824
Puma Biotechnology
PBYI
$485M
| $43.8M | 0.02% |
501,322
+108,443
| +28% | +$6.07M |
|
825
Universal Display
OLED
$3.51B
| $43.8M | 0.02% |
400,717
-60,062
| -13% | -$6.32M |
|
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.