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 | |
|---|---|---|---|---|---|---|
876
Toll Brothers
TOL
$12.2B
| $41.2M | 0.02% |
1,042,364
-503,473
| -33% | -$18.8M |
|
|
MPT
877
Medical Properties Trust
MPT
$2.02B
| $41.2M | 0.02% |
3,198,571
+219,867
| +7% | +$2.93M |
|
|
SFLY
878
DELISTED
Shutterfly, Inc.
SFLY
| $41.2M | 0.02% |
866,433
| – | – |
|
|
FLG
879
Flagstar Bank National Association
FLG
$5.22B
| $41.1M | 0.02% |
1,043,646
+57,391
| +6% | +$2.28M |
|
|
ADSW
880
DELISTED
Advanced Disposal Services Inc
ADSW
| $41M | 0.02% |
1,805,116
+743,047
| +70% | +$17.2M |
|
881
Booz Allen Hamilton
BAH
$9.43B
| $41M | 0.02% |
1,259,797
+89,936
| +8% | +$3.23M |
|
882
InterDigital
IDCC
$8.48B
| $41M | 0.02% |
530,029
+42,359
| +9% | +$3.55M |
|
883
AGCO
AGCO
$8.4B
| $41M | 0.02% |
607,740
-114,904
| -16% | -$7.34M |
|
884
Pediatrix Medical
MD
$2.12B
| $41M | 0.02% |
678,359
-30,068
| -4% | -$1.78M |
|
|
CHK
885
DELISTED
Chesapeake Energy Corporation
CHK
| $40.9M | 0.02% |
41,177
| – | – |
|
|
AKRX
886
DELISTED
Akorn Inc
AKRX
| $40.9M | 0.02% |
1,219,916
| – | – |
|
|
ZAYO
887
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $40.8M | 0.02% |
1,321,263
+381,568
| +41% | +$12.5M |
|
888
PENN Entertainment
PENN
$2.37B
| $40.8M | 0.02% |
1,904,437
+511,807
| +37% | +$10.1M |
|
889
Cars.com
CARS
$617M
| $40.7M | 0.02% |
+1,527,476
| New | +$41.1M |
|
890
MillerKnoll
MLKN
$1.44B
| $40.6M | 0.02% |
1,336,350
+22,091
| +2% | +$704K |
|
891
Under Armour Class C
UA
$2.09B
| $40.6M | 0.02% |
2,012,504
| – | – |
|
892
Terex
TEX
$6.72B
| $40.6M | 0.02% |
1,081,854
+26,296
| +2% | +$890K |
|
893
National Fuel Gas
NFG
$7.64B
| $40.5M | 0.02% |
725,378
+113,199
| +18% | +$6.37M |
|
|
WBC
894
DELISTED
WABCO HOLDINGS INC.
WBC
| $40.3M | 0.02% |
316,332
-47,920
| -13% | -$5.74M |
|
895
Neurocrine Biosciences
NBIX
$15.2B
| $40.3M | 0.02% |
876,268
+80,974
| +10% | +$3.93M |
|
896
Rithm Capital
RITM
$5.29B
| $40.3M | 0.02% |
2,589,496
-152,610
| -6% | -$2.53M |
|
|
BLUE
897
DELISTED
bluebird bio
BLUE
| $40.3M | 0.02% |
29,587
+885
| +3% | +$1.07M |
|
898
Dick's Sporting Goods
DKS
$11B
| $40.3M | 0.02% |
1,010,714
+306,793
| +44% | +$13.8M |
|
899
JetBlue
JBLU
$1.62B
| $40.2M | 0.02% |
1,761,716
-182,959
| -9% | -$4.02M |
|
900
Oceaneering
OII
$4.64B
| $40.1M | 0.02% |
1,755,215
| – | – |
|
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.