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 | |
|---|---|---|---|---|---|---|
|
FNSR
976
DELISTED
Finisar Corp
FNSR
| $36M | 0.01% |
1,384,133
+212,013
| +18% | +$5.28M |
|
977
Woodward
WWD
$18.8B
| $35.9M | 0.01% |
531,832
-42,038
| -7% | -$2.87M |
|
978
ASML
ASML
$615B
| $35.9M | 0.01% |
275,670
| – | – |
|
979
Hancock Whitney
HWC
$5.98B
| $35.9M | 0.01% |
732,749
| – | – |
|
980
Valmont Industries
VMI
$9.18B
| $35.8M | 0.01% |
239,002
+13,125
| +6% | +$1.97M |
|
981
Kaiser Aluminum
KALU
$2.49B
| $35.8M | 0.01% |
403,873
+59,781
| +17% | +$4.96M |
|
|
PINC
982
DELISTED
Premier
PINC
| $35.6M | 0.01% |
988,972
+244,267
| +33% | +$8.35M |
|
983
Cathay General Bancorp
CATY
$4.14B
| $35.6M | 0.01% |
937,756
-700
| -0.1% | -$26.3K |
|
984
Dillards
DDS
$10.1B
| $35.5M | 0.01% |
615,204
-126,508
| -17% | -$6.69M |
|
|
BCPC
985
Balchem Corp
BCPC
$5.34B
| $35.4M | 0.01% |
455,343
-23,327
| -5% | -$1.86M |
|
|
AEL
986
DELISTED
American Equity Investment Life Holding Company
AEL
| $35.3M | 0.01% |
1,343,097
+491,704
| +58% | +$12M |
|
|
DGI
987
DELISTED
DigitalGlobe Inc.
DGI
| $35.3M | 0.01% |
1,059,174
-5,400
| -0.5% | -$174K |
|
988
Cooper-Standard Automotive
CPS
$407M
| $35.1M | 0.01% |
348,358
+93,538
| +37% | +$10M |
|
989
Brinker International
EAT
$8.8B
| $35.1M | 0.01% |
921,464
-256,305
| -22% | -$10.7M |
|
990
LivaNova
LIVN
$4.33B
| $35.1M | 0.01% |
573,138
+240,455
| +72% | +$13.6M |
|
991
Ingersoll Rand
IR
$27.7B
| $35.1M | 0.01% |
+1,623,381
| New | +$36.3M |
|
992
Essent Group
ESNT
$6.1B
| $35M | 0.01% |
943,359
+118,144
| +14% | +$4.34M |
|
993
Genpact
G
$5.93B
| $35M | 0.01% |
1,258,696
-259,029
| -17% | -$6.72M |
|
994
Viavi Solutions
VIAV
$8.51B
| $34.9M | 0.01% |
3,316,483
+1,066,854
| +47% | +$11.5M |
|
995
Hexcel
HXL
$6.89B
| $34.9M | 0.01% |
661,149
+75,691
| +13% | +$3.91M |
|
|
KATE
996
DELISTED
Kate Spade & Company
KATE
| $34.9M | 0.01% |
1,886,055
-297,402
| -14% | -$5.48M |
|
997
CNA Financial
CNA
$13B
| $34.9M | 0.01% |
714,865
| – | – |
|
998
HUB Group
HUBG
$2.03B
| $34.8M | 0.01% |
1,815,986
+1,290,970
| +246% | +$24.6M |
|
|
KS
999
DELISTED
KapStone Paper and Pack Corp.
KS
| $34.8M | 0.01% |
1,687,792
+213,279
| +14% | +$4.59M |
|
|
DOC
1000
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $34.8M | 0.01% |
1,728,550
+150,000
| +10% | +$3.05M |
|
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.