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 |
DuPont de Nemours
DD
|
+$764M |
| 2 |
Lear
LEA
|
+$169M |
| 3 |
Alibaba
BABA
|
+$169M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$168M |
| 5 |
Bank of America
BAC
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$712M |
| 2 |
Blackrock
BLK
|
+$428M |
| 3 |
Ameriprise Financial
AMP
|
+$273M |
| 4 |
BHI
Baker Hughes
BHI
|
+$220M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1076
Sprouts Farmers Market
SFM
$8.03B
| $33.3M | 0.01% |
1,775,089
-80,219
| -4% | -$1.78M |
|
1077
Federal Signal
FSS
$8.09B
| $33.3M | 0.01% |
1,563,908
+499,575
| +47% | +$9.35M |
|
|
PDM
1078
Piedmont Realty Trust
PDM
$1.21B
| $33.2M | 0.01% |
1,647,900
+105,916
| +7% | +$2.16M |
|
|
DOC
1079
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $33.2M | 0.01% |
1,872,269
+143,719
| +8% | +$2.65M |
|
1080
Green Dot
GDOT
$748M
| $33.1M | 0.01% |
667,682
-282,246
| -30% | -$12.5M |
|
|
NUAN
1081
DELISTED
Nuance Communications, Inc.
NUAN
| $33.1M | 0.01% |
2,431,110
-398,992
| -14% | -$5.7M |
|
1082
Apple Hospitality REIT
APLE
$3.91B
| $33.1M | 0.01% |
1,749,241
-354,427
| -17% | -$6.5M |
|
1083
Nelnet
NNI
$4.89B
| $33.1M | 0.01% |
654,843
+240,219
| +58% | +$11.5M |
|
|
CXP
1084
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $33M | 0.01% |
1,516,040
| – | – |
|
|
LXFT
1085
DELISTED
Luxoft Holding, Inc.
LXFT
| $33M | 0.01% |
689,775
+261,369
| +61% | +$14.2M |
|
1086
Mueller Industries
MLI
$15.1B
| $33M | 0.01% |
3,771,892
+159,872
| +4% | +$1.23M |
|
|
MDR
1087
DELISTED
McDermott International
MDR
| $32.9M | 0.01% |
1,509,692
+26,391
| +2% | +$529K |
|
1088
Guidewire Software
GWRE
$13.3B
| $32.9M | 0.01% |
422,325
+62,528
| +17% | +$4.58M |
|
1089
SSR Mining
SSRM
$5.52B
| $32.9M | 0.01% |
+3,098,132
| New | +$31.5M |
|
|
TWTR
1090
DELISTED
Twitter, Inc.
TWTR
| $32.8M | 0.01% |
1,945,997
-433,452
| -18% | -$7.57M |
|
1091
Old National Bancorp
ONB
$10.4B
| $32.7M | 0.01% |
1,786,643
| – | – |
|
|
TCF
1092
DELISTED
TCF Financial Corporation Common Stock
TCF
| $32.7M | 0.01% |
624,905
-59,146
| -9% | -$2.82M |
|
|
PRSU
1093
Pursuit Attractions and Hospitality Inc
PRSU
$1.42B
| $32.5M | 0.01% |
533,787
+78,809
| +17% | +$4.18M |
|
1094
Kirby Corp
KEX
$7.08B
| $32.5M | 0.01% |
492,387
-49,206
| -9% | -$3.12M |
|
|
COR
1095
DELISTED
Coresite Realty Corporation
COR
| $32.4M | 0.01% |
289,913
-59,444
| -17% | -$6.53M |
|
|
GTLS
1096
DELISTED
Chart Industries
GTLS
| $32.4M | 0.01% |
826,099
| – | – |
|
1097
Greif
GEF
$5.08B
| $32.4M | 0.01% |
553,414
+216,289
| +64% | +$12.3M |
|
1098
Grand Canyon Education
LOPE
$3.93B
| $32.4M | 0.01% |
356,261
+34,054
| +11% | +$2.73M |
|
1099
Webster Financial
WBS
$12.6B
| $32.3M | 0.01% |
615,059
| – | – |
|
|
BPMC
1100
DELISTED
Blueprint Medicines
BPMC
| $32.3M | 0.01% |
463,695
+88,695
| +24% | +$4.74M |
|
Similar funds
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.