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 | |
|---|---|---|---|---|---|---|
1101
EastGroup Properties
EGP
$10.6B
| $30.6M | 0.01% |
364,633
| – | – |
|
1102
SLM Corp
SLM
$4.75B
| $30.6M | 0.01% |
2,657,045
+269,335
| +11% | +$3.07M |
|
|
AGR
1103
DELISTED
Avangrid, Inc.
AGR
| $30.5M | 0.01% |
691,478
| – | – |
|
1104
Lumentum
LITE
$82.5B
| $30.5M | 0.01% |
534,857
+70,767
| +15% | +$3.79M |
|
1105
Globus Medical
GMED
$10.1B
| $30.4M | 0.01% |
915,833
-28,723
| -3% | -$902K |
|
1106
Adeia
ADEA
$2.75B
| $30.3M | 0.01% |
3,849,681
-285,503
| -7% | -$2.41M |
|
1107
Alaska Air
ALK
$4.43B
| $30.3M | 0.01% |
338,061
-42,754
| -11% | -$3.75M |
|
1108
Boston Beer
SAM
$1.75B
| $30.2M | 0.01% |
228,747
-10,308
| -4% | -$1.44M |
|
1109
Monolithic Power Systems
MPWR
$56.4B
| $30.2M | 0.01% |
313,086
+30,899
| +11% | +$2.94M |
|
1110
Vishay Intertechnology
VSH
$4.8B
| $30.1M | 0.01% |
1,813,532
+212,219
| +13% | +$3.49M |
|
|
PSB
1111
DELISTED
PS Business Parks, Inc.
PSB
| $30.1M | 0.01% |
227,289
+1,169
| +0.5% | +$146K |
|
1112
Carpenter Technology
CRS
$20.4B
| $30.1M | 0.01% |
803,661
-113,159
| -12% | -$4.19M |
|
|
WCC
1113
WESCO International
WCC
$16.3B
| $30.1M | 0.01% |
524,768
+49,119
| +10% | +$3.05M |
|
|
VWR
1114
DELISTED
VWR Corporation
VWR
| $30M | 0.01% |
909,307
-149,696
| -14% | -$4.69M |
|
|
RPAI
1115
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $30M | 0.01% |
2,455,323
+165,591
| +7% | +$2.17M |
|
1116
GameStop
GME
$11.1B
| $29.9M | 0.01% |
5,538,596
+2,392,964
| +76% | +$13.5M |
|
|
MSGN
1117
DELISTED
MSG Networks Inc.
MSGN
| $29.9M | 0.01% |
1,332,754
+179,623
| +16% | +$4.11M |
|
1118
Enerpac Tool Group
EPAC
$1.83B
| $29.9M | 0.01% |
1,214,945
| – | – |
|
1119
Camping World
CWH
$355M
| $29.9M | 0.01% |
968,470
+939,171
| +3,205% | +$27.8M |
|
1120
Southern Copper
SCCO
$160B
| $29.9M | 0.01% |
941,711
-364,216
| -28% | -$11.7M |
|
|
CHS
1121
DELISTED
Chicos FAS, Inc.
CHS
| $29.9M | 0.01% |
3,169,826
+488,410
| +18% | +$5.64M |
|
|
TMX
1122
DELISTED
Terminix Global Holdings, Inc.
TMX
| $29.7M | 0.01% |
1,132,893
-197,924
| -15% | -$5.18M |
|
1123
Factset
FDS
$9.83B
| $29.7M | 0.01% |
178,856
-99,881
| -36% | -$16.3M |
|
1124
First Horizon
FHN
$11.3B
| $29.7M | 0.01% |
1,704,889
-471,764
| -22% | -$8.39M |
|
1125
Stepan Co
SCL
$1.4B
| $29.6M | 0.01% |
340,138
+21,048
| +7% | +$1.77M |
|
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.