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 | |
|---|---|---|---|---|---|---|
1001
Wintrust Financial
WTFC
$10B
| $34.8M | 0.01% |
455,208
+49,677
| +12% | +$3.56M |
|
1002
Helen of Troy
HELE
$634M
| $34.8M | 0.01% |
369,680
+28,258
| +8% | +$2.63M |
|
1003
New York Times
NYT
$11.7B
| $34.8M | 0.01% |
1,963,559
+652,209
| +50% | +$10.7M |
|
1004
Comfort Systems
FIX
$55.9B
| $34.7M | 0.01% |
936,341
+287,622
| +44% | +$10.2M |
|
1005
ITT
ITT
$17.4B
| $34.7M | 0.01% |
863,716
+84,648
| +11% | +$3.38M |
|
1006
Northwest Natural Holdings
NWN
$2.05B
| $34.7M | 0.01% |
579,675
+66,878
| +13% | +$4.04M |
|
1007
Sinclair Inc
SBGI
$1.01B
| $34.6M | 0.01% |
1,052,770
-105,408
| -9% | -$3.79M |
|
1008
National Health Investors
NHI
$3.35B
| $34.6M | 0.01% |
437,160
+47,815
| +12% | +$3.62M |
|
|
PNRA
1009
DELISTED
Panera Bread Co
PNRA
| $34.6M | 0.01% |
109,885
-105,289
| -49% | -$32.9M |
|
|
BDN
1010
Brandywine Realty Trust
BDN
$503M
| $34.5M | 0.01% |
1,969,618
+74,217
| +4% | +$1.27M |
|
|
WEB
1011
DELISTED
Web.com Group, Inc.
WEB
| $34.5M | 0.01% |
1,364,233
| – | – |
|
1012
Federated Hermes
FHI
$4.23B
| $34.5M | 0.01% |
1,221,635
-85,944
| -7% | -$2.29M |
|
1013
Ciena
CIEN
$48.3B
| $34.5M | 0.01% |
1,379,265
-281,092
| -17% | -$6.74M |
|
1014
Ionis Pharmaceuticals
IONS
$7.45B
| $34.5M | 0.01% |
678,126
-37,230
| -5% | -$1.73M |
|
1015
Plexus
PLXS
$6.46B
| $34.5M | 0.01% |
655,590
+88,420
| +16% | +$4.69M |
|
|
PTLA
1016
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $34.4M | 0.01% |
613,052
+177,105
| +41% | +$7.09M |
|
1017
Minerals Technologies
MTX
$2.15B
| $34.4M | 0.01% |
469,539
+16,286
| +4% | +$1.22M |
|
|
ECHO
1018
EchoStar
ECHO
$27.1B
| $34.3M | 0.01% |
697,606
+80,722
| +13% | +$3.85M |
|
1019
Enviri
NVRI
$578M
| $34.3M | 0.01% |
2,128,791
+1,056,002
| +98% | +$15.2M |
|
1020
AMC Global Media
AMCX
$501M
| $34.2M | 0.01% |
639,934
+18,369
| +3% | +$1.03M |
|
1021
Hudbay
HBM
$11.2B
| $34.1M | 0.01% |
5,907,974
+1,972,376
| +50% | +$11.1M |
|
1022
Haemonetics
HAE
$4.83B
| $34.1M | 0.01% |
863,124
+352,879
| +69% | +$14.5M |
|
|
X
1023
DELISTED
US Steel
X
| $34.1M | 0.01% |
1,538,118
+56,754
| +4% | +$1.35M |
|
1024
Myriad Genetics
MYGN
$369M
| $34M | 0.01% |
1,316,479
+53,132
| +4% | +$1.13M |
|
1025
Liberty Latin America Class C
LILAK
$1.71B
| $34M | 0.01% |
1,856,104
+536,320
| +41% | +$9.84M |
|
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.