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 | |
|---|---|---|---|---|---|---|
1151
Forward Air
FWRD
$523M
| $28.5M | 0.01% |
535,397
+296,608
| +124% | +$15.2M |
|
1152
UMB Financial
UMBF
$10.2B
| $28.5M | 0.01% |
380,872
+13,450
| +4% | +$984K |
|
1153
Empire State Realty Trust
ESRT
$708M
| $28.5M | 0.01% |
1,371,989
+81,411
| +6% | +$1.71M |
|
1154
Bausch Health
BHC
$2.13B
| $28.5M | 0.01% |
1,642,543
-106,959
| -6% | -$1.28M |
|
|
HZNP
1155
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $28.5M | 0.01% |
2,399,923
+160,286
| +7% | +$1.99M |
|
|
MBFI
1156
DELISTED
MB Financial Corp
MBFI
| $28.3M | 0.01% |
642,742
-52,816
| -8% | -$2.25M |
|
1157
Employers Holdings
EIG
$898M
| $28.3M | 0.01% |
668,231
+183,650
| +38% | +$7.38M |
|
|
LPNT
1158
DELISTED
LifePoint Health, Inc.
LPNT
| $28.2M | 0.01% |
420,493
+38,851
| +10% | +$2.46M |
|
1159
First Citizens BancShares
FCNCA
$23.7B
| $28.2M | 0.01% |
75,667
-2,018
| -3% | -$698K |
|
1160
Diodes
DIOD
$4.12B
| $28.2M | 0.01% |
1,171,927
+102,665
| +10% | +$2.54M |
|
1161
Commercial Metals
CMC
$7.28B
| $28M | 0.01% |
1,443,556
-388,361
| -21% | -$7.19M |
|
|
TSG
1162
DELISTED
The Stars Group Inc.
TSG
| $28M | 0.01% |
1,568,222
+977,807
| +166% | +$17.4M |
|
|
EDR
1163
DELISTED
Education Realty Trust Inc
EDR
| $28M | 0.01% |
721,801
| – | – |
|
|
USG
1164
DELISTED
Usg
USG
| $27.9M | 0.01% |
962,040
+57,083
| +6% | +$1.7M |
|
|
LHO
1165
DELISTED
LaSalle Hotel Properties
LHO
| $27.8M | 0.01% |
931,205
-227,000
| -20% | -$6.66M |
|
|
CBPO
1166
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $27.7M | 0.01% |
245,151
+7,266
| +3% | +$812K |
|
1167
MasTec
MTZ
$18.1B
| $27.7M | 0.01% |
613,310
-127,357
| -17% | -$5.51M |
|
|
PDCE
1168
DELISTED
PDC Energy, Inc.
PDCE
| $27.6M | 0.01% |
641,064
+120,774
| +23% | +$6.36M |
|
1169
Methanex
MEOH
$4.76B
| $27.6M | 0.01% |
625,267
-66,728
| -10% | -$2.92M |
|
1170
Primerica
PRI
$8.98B
| $27.6M | 0.01% |
363,767
-2,668
| -0.7% | -$209K |
|
1171
Mueller Industries
MLI
$13.4B
| $27.5M | 0.01% |
3,612,020
+299,980
| +9% | +$2.32M |
|
1172
Howmet Aerospace
HWM
$90.8B
| $27.4M | 0.01% |
1,580,127
-3,152,510
| -67% | -$64.2M |
|
|
RGC
1173
DELISTED
Regal Entertainment Group
RGC
| $27.4M | 0.01% |
1,340,456
+6,369
| +0.5% | +$135K |
|
1174
RLJ Lodging Trust
RLJ
$1.65B
| $27.4M | 0.01% |
1,377,865
+35,565
| +3% | +$762K |
|
|
TIVO
1175
DELISTED
Tivo Inc
TIVO
| $27.4M | 0.01% |
1,467,494
+58,959
| +4% | +$1.07M |
|
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.