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 | |
|---|---|---|---|---|---|---|
876
Rithm Capital
RITM
$5.72B
| $43.3M | 0.02% |
2,589,496
| – | – |
|
|
SWN
877
DELISTED
Southwestern Energy Company
SWN
| $43.3M | 0.02% |
7,082,869
+590,221
| +9% | +$3.34M |
|
878
Toll Brothers
TOL
$14.3B
| $43.2M | 0.02% |
1,042,364
| – | – |
|
879
Signet Jewelers
SIG
$3.78B
| $43.1M | 0.02% |
648,232
+21,055
| +3% | +$1.3M |
|
|
NATI
880
DELISTED
National Instruments Corp
NATI
| $43.1M | 0.02% |
1,021,800
+48,257
| +5% | +$1.97M |
|
881
PENN Entertainment
PENN
$2.68B
| $43M | 0.02% |
1,840,270
-64,167
| -3% | -$1.37M |
|
|
TVPT
882
DELISTED
Travelport Worldwide Limited
TVPT
| $42.9M | 0.02% |
2,733,752
+90,922
| +3% | +$1.33M |
|
|
GPT
883
DELISTED
Gramercy Property Trust
GPT
| $42.9M | 0.02% |
1,416,606
-76,293
| -5% | -$2.28M |
|
884
Televisa
TV
$1.45B
| $42.8M | 0.02% |
1,736,890
-122,748
| -7% | -$3.16M |
|
|
MGLN
885
DELISTED
Magellan Health Services, Inc.
MGLN
| $42.8M | 0.02% |
496,073
+255,396
| +106% | +$20.1M |
|
886
Maximus
MMS
$3.33B
| $42.8M | 0.02% |
663,035
+63,323
| +11% | +$3.88M |
|
887
Trip.com Group
TCOM
$29.5B
| $42.8M | 0.02% |
+810,830
| New | +$44M |
|
|
IBKC
888
DELISTED
IBERIABANK Corp
IBKC
| $42.7M | 0.02% |
520,261
-25,102
| -5% | -$1.97M |
|
|
PE
889
DELISTED
PARSLEY ENERGY INC
PE
| $42.7M | 0.02% |
1,620,592
+90,684
| +6% | +$2.39M |
|
890
Wabtec
WAB
$50.5B
| $42.7M | 0.02% |
563,326
+13,252
| +2% | +$1.02M |
|
891
NetEase
NTES
$83.6B
| $42.6M | 0.02% |
+807,655
| New | +$46.4M |
|
892
Visteon
VC
$2.81B
| $42.6M | 0.02% |
344,288
+32,403
| +10% | +$3.67M |
|
893
Wynn Resorts
WYNN
$10.1B
| $42.4M | 0.02% |
284,921
-149,429
| -34% | -$20.4M |
|
894
Akamai
AKAM
$17.9B
| $42.3M | 0.02% |
869,161
-493,592
| -36% | -$23.6M |
|
|
ELLI
895
DELISTED
Ellie Mae Inc
ELLI
| $42M | 0.02% |
511,845
+817
| +0.2% | +$75K |
|
|
SFLY
896
DELISTED
Shutterfly, Inc.
SFLY
| $42M | 0.02% |
866,433
| – | – |
|
|
CVA
897
DELISTED
Covanta Holding Corporation
CVA
| $42M | 0.02% |
2,826,006
| – | – |
|
898
BGC Group
BGC
$5.25B
| $41.9M | 0.02% |
4,503,050
+1,481,822
| +49% | +$12.4M |
|
|
ATHN
899
DELISTED
Athenahealth, Inc.
ATHN
| $41.9M | 0.02% |
336,712
+9,098
| +3% | +$1.25M |
|
|
DST
900
DELISTED
DST Systems Inc.
DST
| $41.8M | 0.02% |
762,341
-225,147
| -23% | -$12.3M |
|
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.