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 | |
|---|---|---|---|---|---|---|
|
SF
1201
Stifel
SF
$12.6B
| $28.3M | 0.01% |
1,191,992
+76,964
| +7% | +$1.67M |
|
|
BWLD
1202
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $28.3M | 0.01% |
267,368
+54,214
| +25% | +$6.03M |
|
|
MSGN
1203
DELISTED
MSG Networks Inc.
MSGN
| $28.3M | 0.01% |
1,332,754
| – | – |
|
|
PSB
1204
DELISTED
PS Business Parks, Inc.
PSB
| $28.2M | 0.01% |
211,574
-15,715
| -7% | -$2.09M |
|
1205
Empire State Realty Trust
ESRT
$843M
| $28.2M | 0.01% |
1,371,989
| – | – |
|
1206
Diamondrock Hospitality Co
DRH
$2.58B
| $28.2M | 0.01% |
2,572,948
+202,996
| +9% | +$2.26M |
|
1207
Atlassian
TEAM
$28B
| $28.2M | 0.01% |
801,424
-24,193
| -3% | -$860K |
|
|
USG
1208
DELISTED
Usg
USG
| $28.2M | 0.01% |
862,635
-99,405
| -10% | -$2.87M |
|
1209
Ultragenyx Pharmaceutical
RARE
$2.54B
| $28.1M | 0.01% |
528,530
| – | – |
|
|
IPCC
1210
DELISTED
Infinity Property & Casualty C
IPCC
| $28.1M | 0.01% |
298,363
+18,690
| +7% | +$1.73M |
|
|
VWR
1211
DELISTED
VWR Corporation
VWR
| $28.1M | 0.01% |
848,793
-60,514
| -7% | -$2M |
|
|
ELME
1212
Elme Communities
ELME
$145M
| $28M | 0.01% |
856,174
| – | – |
|
1213
Cathay General Bancorp
CATY
$4.26B
| $27.9M | 0.01% |
693,814
-243,942
| -26% | -$9.01M |
|
|
GCI
1214
DELISTED
Gannett Co., Inc
GCI
| $27.9M | 0.01% |
3,097,313
| – | – |
|
1215
Vishay Intertechnology
VSH
$5.03B
| $27.8M | 0.01% |
1,476,754
-336,778
| -19% | -$5.92M |
|
1216
Brookdale Senior Living
BKD
$3.43B
| $27.7M | 0.01% |
2,615,240
-264,490
| -9% | -$3.35M |
|
1217
LCI Industries
LCII
$2.57B
| $27.7M | 0.01% |
239,046
-73,621
| -24% | -$7.51M |
|
1218
Qualys
QLYS
$6.29B
| $27.6M | 0.01% |
533,343
-31,750
| -6% | -$1.46M |
|
1219
Enpro
NPO
$7.12B
| $27.6M | 0.01% |
342,741
+189,798
| +124% | +$13.9M |
|
|
ALEX
1220
DELISTED
Alexander & Baldwin
ALEX
| $27.6M | 0.01% |
595,077
| – | – |
|
1221
O-I Glass
OI
$1.09B
| $27.5M | 0.01% |
1,094,610
+54,127
| +5% | +$1.31M |
|
|
MDRX
1222
DELISTED
Veradigm Inc. Common Stock
MDRX
| $27.5M | 0.01% |
1,933,024
-113,207
| -6% | -$1.46M |
|
1223
Theravance Biopharma
TBPH
$877M
| $27.5M | 0.01% |
803,327
| – | – |
|
1224
Horace Mann Educators
HMN
$2.19B
| $27.5M | 0.01% |
698,779
-135,412
| -16% | -$4.99M |
|
1225
United Fire Group
UFCS
$1.41B
| $27.5M | 0.01% |
599,909
+116,395
| +24% | +$5.04M |
|
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.