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 | |
|---|---|---|---|---|---|---|
1101
Post Holdings
POST
$4.06B
| $32.3M | 0.01% |
558,397
+83,576
| +18% | +$4.58M |
|
|
COHR
1102
DELISTED
Coherent Inc
COHR
| $32.2M | 0.01% |
137,079
+5,476
| +4% | +$1.32M |
|
1103
Factset
FDS
$9.82B
| $32.2M | 0.01% |
178,856
| – | – |
|
1104
EastGroup Properties
EGP
$10.9B
| $32.1M | 0.01% |
364,633
| – | – |
|
|
CMBT
1105
CMB.TECH NV
CMBT
$4.77B
| $32.1M | 0.01% |
3,931,304
| – | – |
|
1106
Credit Acceptance
CACC
$6.27B
| $32M | 0.01% |
114,330
-12,000
| -9% | -$3.15M |
|
|
DGI
1107
DELISTED
DigitalGlobe Inc.
DGI
| $32M | 0.01% |
908,143
-151,031
| -14% | -$5.16M |
|
|
SYKE
1108
DELISTED
SYKES Enterprises Inc
SYKE
| $32M | 0.01% |
1,095,926
+332,026
| +43% | +$9.84M |
|
1109
Western Alliance Bancorporation
WAL
$9.17B
| $31.9M | 0.01% |
600,806
-28,021
| -4% | -$1.37M |
|
1110
Blackstone Mortgage Trust
BXMT
$2.39B
| $31.8M | 0.01% |
1,025,904
| – | – |
|
1111
Comfort Systems
FIX
$62.1B
| $31.8M | 0.01% |
889,817
-46,524
| -5% | -$1.61M |
|
1112
Choice Hotels
CHH
$4.81B
| $31.8M | 0.01% |
497,017
+173,955
| +54% | +$10.9M |
|
1113
Ironwood Pharmaceuticals
IRWD
$719M
| $31.8M | 0.01% |
2,403,988
-213,065
| -8% | -$2.93M |
|
|
WRI
1114
DELISTED
Weingarten Realty Investors
WRI
| $31.8M | 0.01% |
1,000,311
-249,486
| -20% | -$7.97M |
|
1115
Cinemark Holdings
CNK
$4.44B
| $31.7M | 0.01% |
876,427
-77,781
| -8% | -$2.82M |
|
1116
BP
BP
$109B
| $31.6M | 0.01% |
913,029
+238,770
| +35% | +$7.59M |
|
1117
First Solar
FSLR
$25.8B
| $31.6M | 0.01% |
689,487
+70,464
| +11% | +$3.27M |
|
1118
Pilgrim's Pride
PPC
$6.42B
| $31.6M | 0.01% |
1,112,194
| – | – |
|
1119
Valley National Bancorp
VLY
$8.2B
| $31.6M | 0.01% |
2,618,351
| – | – |
|
1120
Itron
ITRI
$4.65B
| $31.5M | 0.01% |
407,063
+146,881
| +56% | +$10.7M |
|
|
EGN
1121
DELISTED
Energen
EGN
| $31.5M | 0.01% |
576,573
+180,608
| +46% | +$9.2M |
|
1122
Brady Corp
BRC
$4.61B
| $31.5M | 0.01% |
830,331
-313,075
| -27% | -$10.7M |
|
1123
Philips
PHG
$25.9B
| $31.5M | 0.01% |
1,006,747
-164,226
| -14% | -$4.78M |
|
|
DNKN
1124
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $31.4M | 0.01% |
591,822
| – | – |
|
|
TUP
1125
DELISTED
Tupperware Brands Corporation
TUP
| $31.4M | 0.01% |
507,679
-14,367
| -3% | -$886K |
|
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.