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 | |
|---|---|---|---|---|---|---|
826
CoStar Group
CSGP
$12.3B
| $43.8M | 0.02% |
1,660,180
+292,770
| +21% | +$7.12M |
|
827
Trinity Industries
TRN
$2.26B
| $43.8M | 0.02% |
2,168,010
+505,538
| +30% | +$9.71M |
|
828
PBF Energy
PBF
$9B
| $43.7M | 0.02% |
1,961,973
-89,867
| -4% | -$1.93M |
|
829
IPG Photonics
IPGP
$3.27B
| $43.5M | 0.02% |
300,109
+21,585
| +8% | +$2.9M |
|
830
Applied Industrial Technologies
AIT
$11.6B
| $43.5M | 0.02% |
737,352
+129,154
| +21% | +$7.91M |
|
831
Spectrum Brands
SPB
$1.99B
| $43.5M | 0.02% |
348,175
+9,337
| +3% | +$1.25M |
|
832
Delek US
DK
$4.85B
| $43.4M | 0.02% |
1,641,427
+382,633
| +30% | +$9.45M |
|
833
Deluxe
DLX
$1.08B
| $43.4M | 0.02% |
626,931
| – | – |
|
834
Douglas Emmett
DEI
$1.74B
| $43.4M | 0.02% |
1,134,698
+183,558
| +19% | +$7.08M |
|
835
Ziff Davis
ZD
$2.01B
| $43.2M | 0.02% |
584,088
-38,456
| -6% | -$2.87M |
|
836
Neogen
NEOG
$2.74B
| $43.2M | 0.02% |
1,665,579
+177,406
| +12% | +$4.25M |
|
|
SIX
837
DELISTED
Six Flags Entertainment Corp.
SIX
| $43.1M | 0.02% |
723,330
-41,854
| -5% | -$2.53M |
|
838
Brink's
BCO
$4.47B
| $43.1M | 0.02% |
643,342
-12,923
| -2% | -$796K |
|
|
SCS
839
DELISTED
Steelcase
SCS
| $43M | 0.02% |
3,068,362
+1,583,772
| +107% | +$26.1M |
|
840
Brunswick
BC
$4.39B
| $42.9M | 0.02% |
684,230
+20,999
| +3% | +$1.22M |
|
841
MKS Inc
MKSI
$15.9B
| $42.7M | 0.02% |
634,893
+146,263
| +30% | +$11.1M |
|
|
PRA
842
DELISTED
ProAssurance
PRA
| $42.7M | 0.02% |
702,621
+131,525
| +23% | +$7.89M |
|
843
ACI Worldwide
ACIW
$5.21B
| $42.7M | 0.02% |
1,909,276
-31,512
| -2% | -$705K |
|
|
ISBC
844
DELISTED
Investors Bancorp, Inc.
ISBC
| $42.7M | 0.02% |
3,193,696
+193,967
| +6% | +$2.66M |
|
|
NUAN
845
DELISTED
Nuance Communications, Inc.
NUAN
| $42.7M | 0.02% |
2,830,102
+17,943
| +0.6% | +$282K |
|
|
MRC
846
DELISTED
MRC Global
MRC
| $42.7M | 0.02% |
2,582,207
+335,348
| +15% | +$6.14M |
|
847
AptarGroup
ATR
$7.93B
| $42.5M | 0.02% |
489,793
-106,367
| -18% | -$8.76M |
|
848
Thor Industries
THO
$3.63B
| $42.5M | 0.02% |
406,972
+29,364
| +8% | +$2.84M |
|
|
TWTR
849
DELISTED
Twitter, Inc.
TWTR
| $42.5M | 0.02% |
2,379,449
+1,115,811
| +88% | +$19M |
|
850
John Wiley & Sons Class A
WLY
$2.51B
| $42.5M | 0.02% |
806,063
+14,600
| +2% | +$763K |
|
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.