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 | |
|---|---|---|---|---|---|---|
1126
Outfront Media
OUT
$4.96B
| $29.6M | 0.01% |
1,301,600
-42,591
| -3% | -$1.01M |
|
|
COHR
1127
DELISTED
Coherent Inc
COHR
| $29.6M | 0.01% |
131,603
+5,355
| +4% | +$1.23M |
|
|
ULTI
1128
DELISTED
Ultimate Software Group Inc
ULTI
| $29.6M | 0.01% |
140,916
+17,431
| +14% | +$3.67M |
|
1129
Stantec
STN
$7.91B
| $29.6M | 0.01% |
1,176,266
| – | – |
|
1130
Texas Roadhouse
TXRH
$11.2B
| $29.5M | 0.01% |
578,658
+173,059
| +43% | +$8.35M |
|
|
ESL
1131
DELISTED
Esterline Technologies
ESL
| $29.5M | 0.01% |
310,766
-2,497
| -0.8% | -$232K |
|
|
TRCO
1132
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $29.4M | 0.01% |
721,709
-610,366
| -46% | -$23.9M |
|
|
LEXEA
1133
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $29.4M | 0.01% |
543,606
-195,163
| -26% | -$9.84M |
|
1134
Enovis
ENOV
$1.08B
| $29.3M | 0.01% |
432,677
-103,710
| -19% | -$7.07M |
|
|
MZTI
1135
The Marzetti Company
MZTI
$2.81B
| $29.2M | 0.01% |
237,958
+63,090
| +36% | +$7.91M |
|
1136
KB Home
KBH
$2.98B
| $29.1M | 0.01% |
1,213,253
+32,834
| +3% | +$695K |
|
|
CBI
1137
DELISTED
Chicago Bridge & Iron Nv
CBI
| $29.1M | 0.01% |
1,473,600
+466,914
| +46% | +$10.8M |
|
1138
Atlassian
TEAM
$48.2B
| $29M | 0.01% |
825,617
+345,533
| +72% | +$11.9M |
|
|
WPX
1139
DELISTED
WPX Energy, Inc.
WPX
| $28.9M | 0.01% |
2,996,612
-353,923
| -11% | -$4.03M |
|
1140
LXP Industrial Trust
LXP
$3.59B
| $28.9M | 0.01% |
584,022
+46,753
| +9% | +$2.33M |
|
|
PDCO
1141
DELISTED
Patterson Companies, Inc.
PDCO
| $28.9M | 0.01% |
615,216
-104,760
| -15% | -$4.72M |
|
1142
Banco Santander
SAN
$209B
| $28.9M | 0.01% |
4,502,307
| – | – |
|
1143
Prestige Consumer Healthcare
PBH
$2.22B
| $28.9M | 0.01% |
546,558
+20,477
| +4% | +$1.1M |
|
1144
Littelfuse
LFUS
$10.1B
| $28.8M | 0.01% |
174,745
-11,503
| -6% | -$1.85M |
|
|
GTLS
1145
DELISTED
Chart Industries
GTLS
| $28.7M | 0.01% |
826,099
| – | – |
|
1146
Viasat
VSAT
$9.77B
| $28.7M | 0.01% |
433,205
-29,983
| -6% | -$1.97M |
|
|
HRG
1147
DELISTED
HRG Group, Inc.
HRG
| $28.6M | 0.01% |
1,615,836
+798,907
| +98% | +$15M |
|
|
SOHU
1148
Sohu.com
SOHU
$355M
| $28.6M | 0.01% |
634,475
-52,592
| -8% | -$2.25M |
|
1149
Churchill Downs
CHDN
$5.76B
| $28.6M | 0.01% |
935,334
-81,846
| -8% | -$2.32M |
|
|
NXGN
1150
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $28.6M | 0.01% |
1,659,876
| – | – |
|
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.