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 | |
|---|---|---|---|---|---|---|
|
BOBE
1176
DELISTED
Bob Evans Farms, Inc.
BOBE
| $27.3M | 0.01% |
380,364
+150,226
| +65% | +$10.3M |
|
|
ELME
1177
Elme Communities
ELME
$145M
| $27.3M | 0.01% |
856,174
+91,159
| +12% | +$2.93M |
|
1178
IAMGOLD
IAG
$11.1B
| $27.3M | 0.01% |
5,297,051
+10,431
| +0.2% | +$46.9K |
|
|
ILG
1179
DELISTED
ILG, Inc Common Stock
ILG
| $27.3M | 0.01% |
992,179
+64,950
| +7% | +$1.64M |
|
|
MTOR
1180
DELISTED
MERITOR, Inc.
MTOR
| $27.2M | 0.01% |
1,640,074
+134,678
| +9% | +$2.22M |
|
1181
Pinnacle Financial Partners Inc
PNFP
$14.5B
| $27.2M | 0.01% |
433,614
+121,982
| +39% | +$7.73M |
|
1182
Tenet Healthcare
THC
$21.4B
| $27.2M | 0.01% |
1,405,733
-866,941
| -38% | -$15.1M |
|
1183
STAG Industrial
STAG
$7.15B
| $27.2M | 0.01% |
984,458
+103,130
| +12% | +$2.76M |
|
1184
Wendy's
WEN
$1.34B
| $27.1M | 0.01% |
1,748,763
+288,280
| +20% | +$4.37M |
|
|
GCI
1185
DELISTED
Gannett Co., Inc
GCI
| $27M | 0.01% |
3,097,313
| – | – |
|
|
BWLD
1186
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $27M | 0.01% |
213,154
+17,533
| +9% | +$2.62M |
|
1187
Scholastic
SCHL
$660M
| $26.9M | 0.01% |
617,810
+64,770
| +12% | +$2.8M |
|
|
AUY
1188
DELISTED
Yamana Gold, Inc.
AUY
| $26.9M | 0.01% |
11,161,593
+1,617,561
| +17% | +$4.37M |
|
1189
American Eagle Outfitters
AEO
$2.48B
| $26.9M | 0.01% |
2,230,336
-197,185
| -8% | -$2.47M |
|
|
QCP
1190
DELISTED
Quality Care Properties, Inc.
QCP
| $26.8M | 0.01% |
1,463,436
-733,345
| -33% | -$13.2M |
|
|
ZNGA
1191
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $26.8M | 0.01% |
7,355,652
+990,969
| +16% | +$3.25M |
|
1192
Casey's General Stores
CASY
$21.8B
| $26.7M | 0.01% |
249,341
-19,389
| -7% | -$2.16M |
|
1193
Genworth Financial
GNW
$3.81B
| $26.7M | 0.01% |
7,076,356
+1,664,082
| +31% | +$6.31M |
|
1194
Insperity
NSP
$1.97B
| $26.7M | 0.01% |
751,438
+201,802
| +37% | +$8.17M |
|
1195
Kemper
KMPR
$1.61B
| $26.6M | 0.01% |
688,980
+92,487
| +16% | +$3.62M |
|
|
FNFV
1196
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $26.6M | 0.01% |
1,682,161
+442,090
| +36% | +$6.12M |
|
1197
Arcos Dorados Holdings
ARCO
$1.62B
| $26.6M | 0.01% |
3,666,051
+1,740,022
| +90% | +$14.1M |
|
1198
Mine Safety
MSA
$6.94B
| $26.5M | 0.01% |
326,889
+157,104
| +93% | +$12.2M |
|
1199
Integra LifeSciences
IART
$1.25B
| $26.4M | 0.01% |
484,241
+88,518
| +22% | +$4.23M |
|
|
NSR
1200
DELISTED
Neustar Inc
NSR
| $26.3M | 0.01% |
789,090
| – | – |
|
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.