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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.07%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$264B
AUM Growth
+$11.6B
Cap. Flow
+$1.12B
Cap. Flow %
0.43%
Top 10 Hldgs %
14.86%
Holding
2,207
New
81
Increased
871
Reduced
707
Closed
82

Top Buys

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$764M
2
LEA icon
Lear
LEA
+$169M
3
BABA icon
Alibaba
BABA
+$169M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$168M
5
BAC icon
Bank of America
BAC
+$156M

Top Sells

Rank Stock Value
1
DD
Du Pont De Nemours E I
DD
+$712M
2
BLK icon
Blackrock
BLK
+$428M
3
AMP icon
Ameriprise Financial
AMP
+$273M
4
BHI
Baker Hughes
BHI
+$220M
5
CC icon
Chemours
CC
+$196M

Sector Composition

Rank Sector Weight
1 Financials 18.77%
2 Technology 15.62%
3 Healthcare 13.61%
4 Consumer Discretionary 9.6%
5 Industrials 9.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HMSY
1051
DELISTED
HMS Holdings Corp.
HMSY
$34.1M 0.01%
1,717,348
+58,366
+4% +$1.09M
WEB
1052
DELISTED
Web.com Group, Inc.
WEB
$34.1M 0.01%
1,364,233
– –
LHCG
1053
DELISTED
LHC Group LLC
LHCG
$34.1M 0.01%
480,853
+154,356
+47% +$9.9M
ACCO icon
1054
Acco Brands
ACCO
$403M
$34.1M 0.01%
2,864,414
+178,682
+7% +$2.03M
MOH icon
1055
Molina Healthcare
MOH
$9.99B
$34.1M 0.01%
495,234
-57,081
-10% -$3.72M
PLXS icon
1056
Plexus
PLXS
$7.41B
$34M 0.01%
606,956
-48,634
-7% -$2.56M
TIVO
1057
DELISTED
Tivo Inc
TIVO
$34M 0.01%
1,714,625
+247,131
+17% +$4.62M
IR icon
1058
Ingersoll Rand
IR
$34.7B
$34M 0.01%
1,236,558
-386,823
-24% -$9.11M
CHDN icon
1059
Churchill Downs
CHDN
$5.95B
$34M 0.01%
988,746
+53,412
+6% +$1.71M
NEU icon
1060
NewMarket
NEU
$8.18B
$33.9M 0.01%
79,519
-1,258
-2% -$549K
AGR
1061
DELISTED
Avangrid, Inc.
AGR
$33.8M 0.01%
713,594
+22,116
+3% +$1.03M
TTMI icon
1062
TTM Technologies
TTMI
$13.8B
$33.8M 0.01%
2,201,317
-48,238
-2% -$752K
SKX
1063
DELISTED
Skechers
SKX
$33.8M 0.01%
1,346,729
+534,396
+66% +$14.6M
NHI icon
1064
National Health Investors
NHI
$3.61B
$33.8M 0.01%
437,160
– –
KS
1065
DELISTED
KapStone Paper and Pack Corp.
KS
$33.8M 0.01%
1,571,858
-115,934
-7% -$2.58M
SAIA icon
1066
Saia
SAIA
$9.99B
$33.7M 0.01%
538,201
+164,456
+44% +$9.06M
POOL icon
1067
Pool Corp
POOL
$7.39B
$33.7M 0.01%
311,506
-13,212
-4% -$1.43M
WSBC icon
1068
WesBanco
WSBC
$4.06B
$33.7M 0.01%
820,603
+208,358
+34% +$7.98M
AEO icon
1069
American Eagle Outfitters
AEO
$3.03B
$33.5M 0.01%
2,341,515
+111,179
+5% +$1.36M
CUDA
1070
DELISTED
Barracuda Networks, Inc.
CUDA
$33.5M 0.01%
1,381,073
– –
YELP icon
1071
Yelp
YELP
$1.46B
$33.5M 0.01%
772,592
+32,383
+4% +$1.25M
SWX icon
1072
Southwest Gas
SWX
$6.44B
$33.4M 0.01%
430,939
-104,728
-20% -$8.29M
HAWK
1073
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
$33.4M 0.01%
763,450
+23,516
+3% +$1.03M
CSGS
1074
DELISTED
CSG Systems International
CSGS
$33.4M 0.01%
833,022
+32,991
+4% +$1.3M
WTM icon
1075
White Mountains Insurance
WTM
$5.25B
$33.4M 0.01%
38,916
+11,734
+43% +$10.1M
41 42
43
44 45

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Norges Bank's Q3 2017 Portfolio in Review

As of Q3 2017, Norges Bank held 2,207 positions worth $264B, up 4.6% from $252B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Norges Bank's Q3 2017 filing shows 81 new, 871 increased, 707 reduced and 82 closed positions. Its largest new stake was Alibaba: 1,042,351 shares worth $180M. The largest sale was Du Pont De Nemours E I, an estimated $712M.

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 Q3 2017 buy was Alibaba: 1,042,351 shares worth $180M.
  • Norges Bank added most to DuPont de Nemours in Q3 2017, an estimated $764M increase.
  • Norges Bank's biggest Q3 2017 reduction was Blackrock, cutting an estimated $428M.
  • Norges Bank fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $712M.
  • Norges Bank's ten largest holdings make up 15% of its $264B portfolio in Q3 2017.
  • Norges Bank opened 81 new positions and closed 82 in Q3 2017.
  • Norges Bank's portfolio value rose 4.6% quarter-over-quarter to $264B.

Based on Norges Bank's 13F filing for Q3 2017, filed 7 Nov 2017.