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 | |
|---|---|---|---|---|---|---|
1126
Viavi Solutions
VIAV
$9.94B
| $31.4M | 0.01% |
3,316,483
| – | – |
|
|
HA
1127
DELISTED
Hawaiian Holdings, Inc.
HA
| $31.2M | 0.01% |
831,246
| – | – |
|
1128
Ryman Hospitality Properties
RHP
$8.02B
| $31.2M | 0.01% |
499,191
+17,869
| +4% | +$1.09M |
|
1129
Adtran
ADTN
$690M
| $31.2M | 0.01% |
1,299,491
+220,213
| +20% | +$4.87M |
|
1130
Designer Brands
DBI
$342M
| $31.1M | 0.01% |
1,449,234
+423,136
| +41% | +$7.78M |
|
1131
Enerpac Tool Group
EPAC
$1.9B
| $31.1M | 0.01% |
1,214,945
| – | – |
|
|
PDCE
1132
DELISTED
PDC Energy, Inc.
PDCE
| $31.1M | 0.01% |
633,936
-7,128
| -1% | -$307K |
|
|
BUFF
1133
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $31.1M | 0.01% |
1,095,524
-44,207
| -4% | -$1.08M |
|
1134
Evertec
EVTC
$2.03B
| $31.1M | 0.01% |
1,959,379
+119,120
| +6% | +$2.13M |
|
1135
Telephone and Data Systems
TDS
$4.03B
| $31M | 0.01% |
1,110,004
+205,533
| +23% | +$5.81M |
|
|
WFT
1136
DELISTED
Weatherford International plc
WFT
| $30.9M | 0.01% |
6,757,249
| – | – |
|
|
TSG
1137
DELISTED
The Stars Group Inc.
TSG
| $30.8M | 0.01% |
1,512,181
-56,041
| -4% | -$1.01M |
|
1138
Globus Medical
GMED
$11B
| $30.8M | 0.01% |
1,035,151
+119,318
| +13% | +$3.64M |
|
|
AVTA
1139
DELISTED
Avantax, Inc. Common Stock
AVTA
| $30.7M | 0.01% |
1,213,146
+125,035
| +11% | +$2.83M |
|
|
EGOV
1140
DELISTED
NIC Inc
EGOV
| $30.7M | 0.01% |
1,787,897
+66,049
| +4% | +$1.12M |
|
1141
Affiliated Managers Group
AMG
$10.3B
| $30.6M | 0.01% |
161,234
+8,160
| +5% | +$1.45M |
|
|
ZNGA
1142
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $30.5M | 0.01% |
8,069,037
+713,385
| +10% | +$2.63M |
|
1143
Bank OZK
OZK
$5.67B
| $30.4M | 0.01% |
633,219
+73,606
| +13% | +$3.28M |
|
1144
Workday
WDAY
$42.5B
| $30.4M | 0.01% |
288,474
+159,912
| +124% | +$16.5M |
|
1145
STAG Industrial
STAG
$7.21B
| $30.4M | 0.01% |
1,105,767
+121,309
| +12% | +$3.35M |
|
1146
Minerals Technologies
MTX
$2.35B
| $30.4M | 0.01% |
429,579
-39,960
| -9% | -$2.74M |
|
|
ESGR
1147
DELISTED
Enstar Group
ESGR
| $30.3M | 0.01% |
136,165
+30,829
| +29% | +$6.3M |
|
|
RDC
1148
DELISTED
Rowan Companies Plc
RDC
| $30.2M | 0.01% |
2,349,667
| – | – |
|
1149
Acadia Pharmaceuticals
ACAD
$4.95B
| $30.2M | 0.01% |
800,491
| – | – |
|
1150
First Horizon
FHN
$12.4B
| $30.1M | 0.01% |
1,571,943
-132,946
| -8% | -$2.33M |
|
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.