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 | |
|---|---|---|---|---|---|---|
|
XHR
1151
Xenia Hotels & Resorts
XHR
$1.83B
| $30.1M | 0.01% |
1,429,679
+96,345
| +7% | +$1.93M |
|
1152
Ciena
CIEN
$57.7B
| $30.1M | 0.01% |
1,369,490
-9,775
| -0.7% | -$234K |
|
1153
New York Times
NYT
$10.6B
| $30.1M | 0.01% |
1,535,033
-428,526
| -22% | -$7.97M |
|
1154
Adeia
ADEA
$3.16B
| $30M | 0.01% |
4,475,584
+625,903
| +16% | +$4.61M |
|
|
HZNP
1155
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $29.9M | 0.01% |
2,359,300
-40,623
| -2% | -$517K |
|
1156
ICU Medical
ICUI
$4.15B
| $29.9M | 0.01% |
160,890
+43,781
| +37% | +$7.63M |
|
1157
Qiagen
QGEN
$8.6B
| $29.9M | 0.01% |
894,276
-1,533,370
| -63% | -$52.8M |
|
|
EXTN
1158
DELISTED
Exterran Corporation
EXTN
| $29.9M | 0.01% |
944,448
| – | – |
|
1159
LXP Industrial Trust
LXP
$3.57B
| $29.8M | 0.01% |
584,022
| – | – |
|
|
MZTI
1160
The Marzetti Company
MZTI
$3.04B
| $29.8M | 0.01% |
247,903
+9,945
| +4% | +$1.2M |
|
|
CY
1161
DELISTED
Cypress Semiconductor
CY
| $29.6M | 0.01% |
1,973,219
+116,501
| +6% | +$1.63M |
|
|
MIC
1162
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $29.6M | 0.01% |
410,591
-14,170
| -3% | -$1.06M |
|
|
BOBE
1163
DELISTED
Bob Evans Farms, Inc.
BOBE
| $29.6M | 0.01% |
381,953
+1,589
| +0.4% | +$110K |
|
1164
Prestige Consumer Healthcare
PBH
$2.5B
| $29.5M | 0.01% |
589,817
+43,259
| +8% | +$2.21M |
|
|
EFII
1165
DELISTED
Electronics for Imaging
EFII
| $29.5M | 0.01% |
692,112
+165,650
| +31% | +$6.77M |
|
1166
Antero Resources
AR
$10.7B
| $29.5M | 0.01% |
1,483,337
-45,307
| -3% | -$913K |
|
|
TRCO
1167
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $29.5M | 0.01% |
721,709
| – | – |
|
|
AUY
1168
DELISTED
Yamana Gold, Inc.
AUY
| $29.5M | 0.01% |
11,161,593
| – | – |
|
1169
Scansource
SCSC
$1.16B
| $29.4M | 0.01% |
673,670
+38,726
| +6% | +$1.52M |
|
1170
Dick's Sporting Goods
DKS
$17.9B
| $29.4M | 0.01% |
1,087,082
+76,368
| +8% | +$2.43M |
|
|
CALY
1171
Callaway Golf Company
CALY
$3.13B
| $29.4M | 0.01% |
2,034,137
+159,243
| +8% | +$2.11M |
|
1172
Strategy Inc
MSTR
$37.3B
| $29.3M | 0.01% |
2,296,730
+692,760
| +43% | +$10.1M |
|
1173
Chemed
CHE
$7.15B
| $29.3M | 0.01% |
145,124
-12,166
| -8% | -$2.39M |
|
1174
J&J Snack Foods
JJSF
$1.71B
| $29.3M | 0.01% |
222,959
+58,774
| +36% | +$7.58M |
|
1175
Flowers Foods
FLO
$1.53B
| $29.3M | 0.01% |
1,555,408
+229,351
| +17% | +$4.07M |
|
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.