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 | |
|---|---|---|---|---|---|---|
1051
HNI Corp
HNI
$3.34B
| $32.5M | 0.01% |
814,182
-31,460
| -4% | -$1.37M |
|
1052
ONE Gas
OGS
$4.81B
| $32.4M | 0.01% |
464,818
+33,920
| +8% | +$2.37M |
|
|
MNTA
1053
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $32.4M | 0.01% |
1,919,551
+343,587
| +22% | +$5.23M |
|
1054
Blackstone Mortgage Trust
BXMT
$2.24B
| $32.4M | 0.01% |
1,025,904
| – | – |
|
|
SYNH
1055
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $32.3M | 0.01% |
552,548
-7,985
| -1% | -$415K |
|
1056
Pebblebrook Hotel Trust
PEB
$2.01B
| $32.3M | 0.01% |
1,001,894
+238,200
| +31% | +$7.42M |
|
1057
Unifirst Corp
UNF
$4.81B
| $32.3M | 0.01% |
229,516
+9,393
| +4% | +$1.31M |
|
|
AY
1058
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $32.3M | 0.01% |
1,510,715
+365,717
| +32% | +$7.52M |
|
|
HAWK
1059
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $32.3M | 0.01% |
739,934
+151,774
| +26% | +$6.34M |
|
1060
Generac Holdings
GNRC
$10.3B
| $32.3M | 0.01% |
892,898
+88,042
| +11% | +$3.15M |
|
1061
Sensient Technologies
SXT
$5.46B
| $32.2M | 0.01% |
399,976
+44,781
| +13% | +$3.62M |
|
1062
Chemed
CHE
$6.66B
| $32.2M | 0.01% |
157,290
+21,797
| +16% | +$4.34M |
|
|
WBS
1063
DELISTED
Webster Financial
WBS
| $32.1M | 0.01% |
615,059
| – | – |
|
1064
Healthcare Services Group
HCSG
$1.5B
| $32M | 0.01% |
684,050
+161,899
| +31% | +$7.48M |
|
1065
LCI Industries
LCII
$2.12B
| $32M | 0.01% |
312,667
+48,369
| +18% | +$4.64M |
|
1066
Theravance Biopharma
TBPH
$884M
| $32M | 0.01% |
803,327
| – | – |
|
|
BLD
1067
DELISTED
TopBuild
BLD
| $31.9M | 0.01% |
601,862
+149,052
| +33% | +$7.64M |
|
|
MDR
1068
DELISTED
McDermott International
MDR
| $31.9M | 0.01% |
1,483,301
+896,249
| +153% | +$17.5M |
|
|
CUDA
1069
DELISTED
Barracuda Networks, Inc.
CUDA
| $31.8M | 0.01% |
1,381,073
+114,761
| +9% | +$2.53M |
|
1070
Philips
PHG
$24.2B
| $31.8M | 0.01% |
1,170,973
-102,973
| -8% | -$2.7M |
|
1071
Evertec
EVTC
$1.69B
| $31.8M | 0.01% |
1,840,259
+46,721
| +3% | +$764K |
|
1072
Visteon
VC
$2.6B
| $31.8M | 0.01% |
311,885
+23,891
| +8% | +$2.36M |
|
|
DOOR
1073
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $31.8M | 0.01% |
421,555
+107,377
| +34% | +$8.25M |
|
1074
Agios Pharmaceuticals
AGIO
$1.97B
| $31.8M | 0.01% |
617,634
-10,393
| -2% | -$531K |
|
|
LSI
1075
DELISTED
Life Storage, Inc.
LSI
| $31.8M | 0.01% |
642,827
-13,147
| -2% | -$683K |
|
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.