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 | |
|---|---|---|---|---|---|---|
|
INVX
1201
Innovex International
INVX
$2.05B
| $26.3M | 0.01% |
538,757
-169,343
| -24% | -$8.74M |
|
|
IPCC
1202
DELISTED
Infinity Property & Casualty C
IPCC
| $26.3M | 0.01% |
279,673
+41,106
| +17% | +$3.93M |
|
|
QTS
1203
DELISTED
QTS REALTY TRUST, INC.
QTS
| $26.3M | 0.01% |
501,727
+41,939
| +9% | +$2.17M |
|
1204
Bank OZK
OZK
$5.23B
| $26.2M | 0.01% |
559,613
-40,027
| -7% | -$1.9M |
|
|
WFT
1205
DELISTED
Weatherford International plc
WFT
| $26.1M | 0.01% |
6,757,249
-1,027,061
| -13% | -$5.22M |
|
|
MDRX
1206
DELISTED
Veradigm Inc. Common Stock
MDRX
| $26.1M | 0.01% |
2,046,231
-1,143,141
| -36% | -$13.9M |
|
1207
Group 1 Automotive
GPI
$3.13B
| $26.1M | 0.01% |
411,695
-150,236
| -27% | -$9.65M |
|
|
LXFT
1208
DELISTED
Luxoft Holding, Inc.
LXFT
| $26.1M | 0.01% |
428,406
+71,755
| +20% | +$4.5M |
|
1209
Groupon
GRPN
$786M
| $26M | 0.01% |
339,181
-115,630
| -25% | -$8.02M |
|
|
BUFF
1210
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $26M | 0.01% |
1,139,731
-6,910
| -0.6% | -$163K |
|
1211
Diamondrock Hospitality Co
DRH
$2.51B
| $26M | 0.01% |
2,369,952
+180,552
| +8% | +$2.02M |
|
|
PRMW
1212
DELISTED
Primo Water Corporation
PRMW
| $25.9M | 0.01% |
1,793,703
| – | – |
|
|
VRE
1213
DELISTED
Veris Residential
VRE
| $25.9M | 0.01% |
955,764
| – | – |
|
|
QEP
1214
DELISTED
QEP RESOURCES, INC.
QEP
| $25.9M | 0.01% |
2,567,224
+744,588
| +41% | +$8.07M |
|
1215
Laureate Education
LAUR
$4.99B
| $25.9M | 0.01% |
1,479,083
-20,917
| -1% | -$331K |
|
|
XHR
1216
Xenia Hotels & Resorts
XHR
$1.62B
| $25.8M | 0.01% |
1,333,334
+75,482
| +6% | +$1.38M |
|
1217
Huron Consulting
HURN
$2.45B
| $25.8M | 0.01% |
596,709
+61,775
| +12% | +$2.65M |
|
1218
DNOW Inc
DNOW
$2.82B
| $25.8M | 0.01% |
1,602,569
+416,123
| +35% | +$7.09M |
|
1219
NETGEAR
NTGR
$618M
| $25.7M | 0.01% |
596,191
-34,459
| -5% | -$1.58M |
|
1220
OSI Systems
OSIS
$3.22B
| $25.7M | 0.01% |
341,661
+53,633
| +19% | +$4.06M |
|
|
DF
1221
DELISTED
Dean Foods Company
DF
| $25.6M | 0.01% |
1,507,936
+113,250
| +8% | +$2.12M |
|
1222
Power Integrations
POWI
$2.66B
| $25.6M | 0.01% |
702,958
+31,322
| +5% | +$1.04M |
|
|
SYKE
1223
DELISTED
SYKES Enterprises Inc
SYKE
| $25.6M | 0.01% |
763,900
+90,991
| +14% | +$2.88M |
|
1224
Scansource
SCSC
$1.14B
| $25.6M | 0.01% |
634,944
+2,300
| +0.4% | +$89.4K |
|
1225
Copa Holdings
CPA
$5.23B
| $25.6M | 0.01% |
218,582
+38,650
| +21% | +$4.45M |
|
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.