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 | |
|---|---|---|---|---|---|---|
1076
H.B. Fuller
FUL
$2.73B
| $31.7M | 0.01% |
620,714
-19,482
| -3% | -$1.01M |
|
1077
Caleres
CAL
$415M
| $31.7M | 0.01% |
1,141,558
| – | – |
|
1078
Protolabs
PRLB
$1.99B
| $31.7M | 0.01% |
471,527
+91,100
| +24% | +$5.51M |
|
1079
Horace Mann Educators
HMN
$2B
| $31.5M | 0.01% |
834,191
+176,956
| +27% | +$6.82M |
|
|
SAFM
1080
DELISTED
Sanderson Farms Inc
SAFM
| $31.4M | 0.01% |
271,818
+30,955
| +13% | +$3.6M |
|
|
IDTI
1081
DELISTED
Integrated Device Technology I
IDTI
| $31.4M | 0.01% |
1,218,218
-163,809
| -12% | -$3.99M |
|
|
DCH
1082
Dauch Corp
DCH
$1.43B
| $31.4M | 0.01% |
2,009,781
+468,554
| +30% | +$7.63M |
|
|
ABAX
1083
DELISTED
Abaxis Inc
ABAX
| $31.3M | 0.01% |
590,937
+46,630
| +9% | +$2.29M |
|
1084
Acco Brands
ACCO
$392M
| $31.3M | 0.01% |
2,685,732
+402,229
| +18% | +$5M |
|
1085
Rollins
ROL
$16.1B
| $31.3M | 0.01% |
1,727,136
-73,791
| -4% | -$1.32M |
|
1086
Brown & Brown
BRO
$22B
| $31.2M | 0.01% |
1,446,744
-420,792
| -23% | -$9.02M |
|
1087
Cemex
CX
$14.7B
| $31.1M | 0.01% |
3,301,796
-436,782
| -12% | -$3.85M |
|
|
CMBT
1088
CMB.TECH NV
CMBT
$5.7B
| $31.1M | 0.01% |
3,931,304
| – | – |
|
1089
Synaptics
SYNA
$3.49B
| $31M | 0.01% |
598,660
-175,433
| -23% | -$9.57M |
|
1090
Western Alliance Bancorporation
WAL
$8.49B
| $30.9M | 0.01% |
628,827
+103,050
| +20% | +$4.9M |
|
1091
Valley National Bancorp
VLY
$7.48B
| $30.9M | 0.01% |
2,618,351
-93,342
| -3% | -$1.09M |
|
1092
Hope Bancorp
HOPE
$1.78B
| $30.9M | 0.01% |
1,655,408
+213,261
| +15% | +$3.96M |
|
|
TBI
1093
Trueblue
TBI
$276M
| $30.8M | 0.01% |
1,163,319
+358,917
| +45% | +$9.58M |
|
1094
Old National Bancorp
ONB
$9.68B
| $30.8M | 0.01% |
1,786,643
-257,713
| -13% | -$4.32M |
|
1095
Ryman Hospitality Properties
RHP
$8.27B
| $30.8M | 0.01% |
481,322
-21,826
| -4% | -$1.39M |
|
|
POLY
1096
DELISTED
Plantronics, Inc.
POLY
| $30.8M | 0.01% |
588,717
+80,043
| +16% | +$4.31M |
|
1097
Strategy Inc
MSTR
$50.1B
| $30.7M | 0.01% |
1,603,970
+87,050
| +6% | +$1.62M |
|
1098
Energizer
ENR
$1.42B
| $30.7M | 0.01% |
639,707
+125,983
| +25% | +$6.84M |
|
|
HMSY
1099
DELISTED
HMS Holdings Corp.
HMSY
| $30.7M | 0.01% |
1,658,982
+442,063
| +36% | +$8.51M |
|
1100
International Bancshares
IBOC
$4.41B
| $30.6M | 0.01% |
872,225
+154,200
| +21% | +$5.43M |
|
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.