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 | |
|---|---|---|---|---|---|---|
|
CXP
1026
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $33.9M | 0.01% |
1,516,040
| – | – |
|
1027
Semtech
SMTC
$15.6B
| $33.8M | 0.01% |
946,042
+13,528
| +1% | +$474K |
|
1028
First Industrial Realty Trust
FR
$8.14B
| $33.7M | 0.01% |
1,176,303
+37,551
| +3% | +$1.07M |
|
1029
Fulton Financial
FULT
$4.48B
| $33.6M | 0.01% |
1,765,969
-180,488
| -9% | -$3.28M |
|
|
TWO
1030
DELISTED
Two Harbors Investment
TWO
| $33.5M | 0.01% |
422,696
+36,256
| +9% | +$2.9M |
|
1031
Bank of Hawaii
BOH
$2.95B
| $33.4M | 0.01% |
402,998
-17,108
| -4% | -$1.38M |
|
|
MIC
1032
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $33.3M | 0.01% |
424,761
-18,909
| -4% | -$1.49M |
|
1033
Steven Madden
SHOO
$3.04B
| $33.3M | 0.01% |
1,248,632
+49,571
| +4% | +$1.26M |
|
|
KITE
1034
DELISTED
Kite Pharma, Inc.
KITE
| $33.3M | 0.01% |
320,779
-44,966
| -12% | -$3.67M |
|
|
MFA
1035
MFA Financial
MFA
$854M
| $33.2M | 0.01% |
990,604
+57,935
| +6% | +$1.92M |
|
1036
Eagle Materials
EXP
$5.5B
| $33.1M | 0.01% |
358,616
-45,353
| -11% | -$4.36M |
|
|
TCF
1037
DELISTED
TCF Financial Corporation Common Stock
TCF
| $33.1M | 0.01% |
684,051
+53,747
| +9% | +$2.57M |
|
|
HI
1038
DELISTED
Hillenbrand
HI
| $33.1M | 0.01% |
916,864
+166,379
| +22% | +$6.06M |
|
1039
Antero Resources
AR
$11B
| $33M | 0.01% |
1,528,644
-48,374
| -3% | -$1.04M |
|
|
RICE
1040
DELISTED
Rice Energy Inc.
RICE
| $33M | 0.01% |
1,239,691
+398,850
| +47% | +$8.85M |
|
1041
Ultragenyx Pharmaceutical
RARE
$1.27B
| $32.8M | 0.01% |
528,530
+79,815
| +18% | +$4.81M |
|
1042
Advanced Micro Devices
AMD
$837B
| $32.7M | 0.01% |
2,620,423
-564,480
| -18% | -$6.9M |
|
1043
Interface
TILE
$2B
| $32.7M | 0.01% |
1,662,653
+243,611
| +17% | +$4.78M |
|
1044
DexCom
DXCM
$33B
| $32.7M | 0.01% |
1,785,996
+113,876
| +7% | +$2.1M |
|
|
EGOV
1045
DELISTED
NIC Inc
EGOV
| $32.6M | 0.01% |
1,721,848
+126,057
| +8% | +$2.58M |
|
|
DNKN
1046
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $32.6M | 0.01% |
591,822
-37,342
| -6% | -$2.09M |
|
|
PDM
1047
Piedmont Realty Trust
PDM
$1.17B
| $32.5M | 0.01% |
1,541,984
+51,699
| +3% | +$1.12M |
|
1048
Credit Acceptance
CACC
$6.24B
| $32.5M | 0.01% |
126,330
-22,086
| -15% | -$4.84M |
|
1049
Amkor Technology
AMKR
$11.5B
| $32.5M | 0.01% |
3,324,596
+1,884,193
| +131% | +$21.3M |
|
|
CSGS
1050
DELISTED
CSG Systems International
CSGS
| $32.5M | 0.01% |
800,031
+92,952
| +13% | +$3.65M |
|
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.