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 | |
|---|---|---|---|---|---|---|
|
CVA
951
DELISTED
Covanta Holding Corporation
CVA
| $37.3M | 0.01% |
2,826,006
-417,540
| -13% | -$6.07M |
|
|
TCO
952
DELISTED
Taubman Centers Inc.
TCO
| $37.2M | 0.01% |
625,231
+80,000
| +15% | +$4.93M |
|
953
American Homes 4 Rent
AMH
$11.3B
| $37.2M | 0.01% |
1,648,635
-390,000
| -19% | -$8.87M |
|
954
NewMarket
NEU
$8.2B
| $37.2M | 0.01% |
80,777
-6,795
| -8% | -$3.13M |
|
955
Avista
AVA
$3.08B
| $37.1M | 0.01% |
873,731
+185,060
| +27% | +$7.72M |
|
956
Cinemark Holdings
CNK
$3.94B
| $37.1M | 0.01% |
954,208
+201,475
| +27% | +$8.35M |
|
957
Celestica
CLS
$40.8B
| $37M | 0.01% |
2,730,563
+984,496
| +56% | +$13.8M |
|
958
Rayonier
RYN
$5.96B
| $36.9M | 0.01% |
1,414,978
| – | – |
|
|
AZPN
959
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $36.9M | 0.01% |
667,429
+74,290
| +13% | +$4.11M |
|
|
XYZ
960
Block Inc
XYZ
$46B
| $36.9M | 0.01% |
1,571,854
+300,005
| +24% | +$6.2M |
|
961
Silicon Laboratories
SLAB
$7.33B
| $36.9M | 0.01% |
539,436
+57,511
| +12% | +$4.16M |
|
962
Sunstone Hotel Investors
SHO
$2.05B
| $36.9M | 0.01% |
2,286,611
+92,566
| +4% | +$1.46M |
|
963
NorthWestern Energy
NWE
$4.22B
| $36.8M | 0.01% |
602,995
-166,693
| -22% | -$10.2M |
|
|
CIM
964
Chimera Investment
CIM
$912M
| $36.7M | 0.01% |
657,208
+54,737
| +9% | +$3.17M |
|
|
TUP
965
DELISTED
Tupperware Brands Corporation
TUP
| $36.7M | 0.01% |
522,046
-17,891
| -3% | -$1.25M |
|
966
Green Dot
GDOT
$756M
| $36.6M | 0.01% |
949,928
+288,424
| +44% | +$10.4M |
|
|
STOR
967
DELISTED
STORE Capital Corporation
STOR
| $36.6M | 0.01% |
1,629,302
-168,571
| -9% | -$3.73M |
|
968
Urban Edge Properties
UE
$2.53B
| $36.4M | 0.01% |
1,533,547
+208,329
| +16% | +$5.24M |
|
969
Kulicke & Soffa
KLIC
$4.16B
| $36.4M | 0.01% |
1,913,019
+248,261
| +15% | +$5.23M |
|
|
TVPT
970
DELISTED
Travelport Worldwide Limited
TVPT
| $36.4M | 0.01% |
2,642,830
+720,951
| +38% | +$9.57M |
|
971
Palo Alto Networks
PANW
$307B
| $36.3M | 0.01% |
1,627,794
-2,734,734
| -63% | -$55.2M |
|
972
Norwegian Cruise Line
NCLH
$6.67B
| $36.3M | 0.01% |
667,914
-391,687
| -37% | -$20.2M |
|
973
Kirby Corp
KEX
$7.23B
| $36.2M | 0.01% |
541,593
-88,350
| -14% | -$6.02M |
|
974
Evercore
EVR
$10.1B
| $36.2M | 0.01% |
513,441
+187,960
| +58% | +$13.7M |
|
|
COR
975
DELISTED
Coresite Realty Corporation
COR
| $36.2M | 0.01% |
349,357
| – | – |
|
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.