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 | |
|---|---|---|---|---|---|---|
1176
Azenta
AZTA
$1.42B
| $29.2M | 0.01% |
963,420
-157,633
| -14% | -$4.06M |
|
1177
SiriusPoint
SPNT
$2.74B
| $29.2M | 0.01% |
1,873,575
+437,384
| +30% | +$6.29M |
|
|
RP
1178
DELISTED
RealPage, Inc.
RP
| $29.1M | 0.01% |
729,483
+26,196
| +4% | +$1.04M |
|
1179
H.B. Fuller
FUL
$3.19B
| $29.1M | 0.01% |
501,133
-119,581
| -19% | -$6.25M |
|
|
LNCE
1180
DELISTED
Snyders-Lance, Inc.
LNCE
| $29M | 0.01% |
760,877
+192,989
| +34% | +$6.96M |
|
|
CLR
1181
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $29M | 0.01% |
751,383
| – | – |
|
|
WCC
1182
WESCO International
WCC
$18.2B
| $29M | 0.01% |
497,839
-26,929
| -5% | -$1.45M |
|
1183
SLM Corp
SLM
$5.16B
| $29M | 0.01% |
2,528,160
-128,885
| -5% | -$1.4M |
|
1184
Merit Medical Systems
MMSI
$5.26B
| $28.9M | 0.01% |
683,530
+37,320
| +6% | +$1.5M |
|
|
MBFI
1185
DELISTED
MB Financial Corp
MBFI
| $28.9M | 0.01% |
642,742
| – | – |
|
|
TMHC
1186
DELISTED
Taylor Morrison
TMHC
| $28.9M | 0.01% |
1,310,191
+739,092
| +129% | +$16.3M |
|
|
NVRO
1187
DELISTED
NEVRO CORP.
NVRO
| $28.9M | 0.01% |
317,533
-22,034
| -6% | -$1.89M |
|
|
FNFV
1188
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $28.8M | 0.01% |
1,682,161
| – | – |
|
1189
Fulton Financial
FULT
$4.68B
| $28.8M | 0.01% |
1,538,114
-227,855
| -13% | -$4.1M |
|
1190
Winnebago Industries
WGO
$894M
| $28.8M | 0.01% |
643,374
+216,287
| +51% | +$7.95M |
|
|
ERF
1191
DELISTED
Enerplus Corporation
ERF
| $28.8M | 0.01% |
2,922,222
| – | – |
|
|
CHUBK
1192
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $28.8M | 0.01% |
1,346,809
+409,948
| +44% | +$8.05M |
|
1193
First Bancorp
FBP
$4.45B
| $28.6M | 0.01% |
5,594,589
+2,117,294
| +61% | +$12.1M |
|
1194
Children's Place
PLCE
$57.4M
| $28.5M | 0.01% |
241,419
+19,008
| +9% | +$2.04M |
|
1195
NorthWestern Energy
NWE
$4.35B
| $28.5M | 0.01% |
500,728
-102,267
| -17% | -$6.1M |
|
|
PRMW
1196
DELISTED
Primo Water Corporation
PRMW
| $28.5M | 0.01% |
1,895,447
+101,744
| +6% | +$1.54M |
|
|
KAMN
1197
DELISTED
Kaman Corp
KAMN
| $28.4M | 0.01% |
509,172
| – | – |
|
1198
UMB Financial
UMBF
$11B
| $28.4M | 0.01% |
380,872
| – | – |
|
|
LPNT
1199
DELISTED
LifePoint Health, Inc.
LPNT
| $28.3M | 0.01% |
489,421
+68,928
| +16% | +$4.1M |
|
1200
United Natural Foods
UNFI
$2.92B
| $28.3M | 0.01% |
681,150
+31,723
| +5% | +$1.18M |
|
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.